GuideLine: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GuideLine
Largest movements
- Tangible fixed assets +€10,875
new in 2025: €10,875
- Receivables within one year +€6,726
up €6,726 (+71.3%), from €9,438 to €16,164
of which Trade receivables: +€5,023
- Cash -€5,413
down €5,413 (-19.4%), from €27,944 to €22,530
mainly Investment in fixed assets (net) (-€13,034) and Receivables within one year (-€6,726)
- Deferred charges and accrued income -€3,714
down €3,714 (-75.1%), from €4,948 to €1,234
- Trade debts +€7,260
new in 2025: €7,260
- Depreciation +€2,160
new in 2025: €2,160
- Taxes -€506
down €506 (-34.5%), from €1,467 to €961
- Gross operating margin +€283
up €283 (+6.5%), from €4,348 to €4,631
- Other operating charges -€95
down €95 (-11.3%), from €841 to €745
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,316 | €181,790 | +€8,474 | +4.9% |
| Fixed assets | 21/28 | €130,987 | €141,861 | +€10,875 | +8.3% |
| Tangible fixed assets | 22/27 | - | €10,875 | +€10,875 | |
| Plant, machinery and equipment | 23 | - | €10,875 | +€10,875 | |
| Financial fixed assets | 28 | €130,987 | €130,987 | = | 0.0% |
| Current assets | 29/58 | €42,330 | €39,928 | -€2,401 | -5.7% |
| Amounts receivable within one year | 40/41 | €9,438 | €16,164 | +€6,726 | +71.3% |
| Trade receivables | 40 | €9,438 | €14,461 | +€5,023 | +53.2% |
| Other amounts receivable | 41 | - | €1,704 | +€1,704 | |
| Cash at bank and in hand | 54/58 | €27,944 | €22,530 | -€5,413 | -19.4% |
| Deferred charges and accrued income | 490/1 | €4,948 | €1,234 | -€3,714 | -75.1% |
| Total equity and liabilities | 10/49 | €173,316 | €181,790 | +€8,474 | +4.9% |
| Equity | 10/15 | €171,362 | €171,977 | +€615 | +0.4% |
| Contributions | 10/11 | €64,452 | €64,452 | = | 0.0% |
| Capital | 10 | €64,452 | €64,452 | = | 0.0% |
| Issued capital | 100 | €64,452 | €64,452 | = | 0.0% |
| Reserves | 13 | €106,909 | €107,525 | +€615 | +0.6% |
| Non-distributable reserves | 130/1 | €6,445 | €6,445 | = | 0.0% |
| Legal reserve | 130 | €6,445 | €6,445 | = | 0.0% |
| Distributable reserves | 133 | €100,464 | €101,079 | +€615 | +0.6% |
| Amounts payable | 17/49 | €1,955 | €9,813 | +€7,858 | +402.1% |
| Amounts payable within one year | 42/48 | €1,955 | €9,813 | +€7,858 | +402.1% |
| Trade debts | 44 | - | €7,260 | +€7,260 | |
| Suppliers | 440/4 | - | €7,260 | +€7,260 | |
| Taxes, remuneration and social security | 45 | €1,736 | €961 | -€775 | -44.6% |
| Taxes | 450/3 | €1,736 | €961 | -€775 | -44.6% |
| Other amounts payable | 47/48 | €219 | €1,592 | +€1,373 | +628.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,160 | +€2,160 | |
| Other operating charges | 640/8 | €841 | €745 | -€95 | -11.3% |
| Gross operating margin | 9900 | €4,348 | €4,631 | +€283 | +6.5% |
| Operating profit (loss) | 9901 | €3,507 | €1,726 | -€1,781 | -50.8% |
| Financial charges | 65/66B | €124 | €150 | +€26 | +20.8% |
| Recurring financial charges | 65 | €124 | €150 | +€26 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €3,383 | €1,576 | -€1,807 | -53.4% |
| Income taxes | 67/77 | €1,467 | €961 | -€506 | -34.5% |
| Profit (loss) for the period | 9904 | €1,916 | €615 | -€1,301 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,916 | €615 | -€1,301 | -67.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.