HANDS-ON: what changed
Two fiscal 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.
HANDS-ON
Largest movements
- Cash +€25,962
up €25,962 (+17.9%), from €145,341 to €171,303
mainly Net result for the year (+€16,814) and Receivables within one year (+€12,241)
- Receivables within one year -€12,241
down €12,241 (-35.7%), from €34,266 to €22,025
of which Trade receivables: -€12,332
- Deferred charges and accrued income +€4,300
up €4,300 (+143.3%), from €3,000 to €7,300
- Reserves +€16,814
up €16,814 (+9.8%), from €171,498 to €188,313
- Gross operating margin -€13,940
down €13,940 (-37.2%), from €37,470 to €23,530
- Taxes -€4,704
down €4,704 (-44.5%), from €10,580 to €5,876
- Financial income +€513
up €513 (+136.8%), from €375 to €888
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 | €184,616 | €201,967 | +€17,351 | +9.4% |
| Fixed assets | 21/28 | €2,010 | €1,340 | -€670 | -33.3% |
| Tangible fixed assets | 22/27 | €2,010 | €1,340 | -€670 | -33.3% |
| Plant, machinery and equipment | 23 | €2,010 | €1,340 | -€670 | -33.3% |
| Current assets | 29/58 | €182,606 | €200,627 | +€18,021 | +9.9% |
| Amounts receivable within one year | 40/41 | €34,266 | €22,025 | -€12,241 | -35.7% |
| Trade receivables | 40 | €34,266 | €21,934 | -€12,332 | -36.0% |
| Other amounts receivable | 41 | - | €91 | +€91 | |
| Cash at bank and in hand | 54/58 | €145,341 | €171,303 | +€25,962 | +17.9% |
| Deferred charges and accrued income | 490/1 | €3,000 | €7,300 | +€4,300 | +143.3% |
| Total equity and liabilities | 10/49 | €184,616 | €201,967 | +€17,351 | +9.4% |
| Equity | 10/15 | €177,698 | €194,513 | +€16,814 | +9.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €171,498 | €188,313 | +€16,814 | +9.8% |
| Distributable reserves | 133 | €171,498 | €188,313 | +€16,814 | +9.8% |
| Amounts payable | 17/49 | €6,917 | €7,455 | +€537 | +7.8% |
| Amounts payable within one year | 42/48 | €6,917 | €7,455 | +€537 | +7.8% |
| Financial debts | 43 | €3,333 | €3,333 | = | 0.0% |
| Other loans | 439 | €3,333 | €3,333 | = | 0.0% |
| Trade debts | 44 | €632 | €946 | +€314 | +49.6% |
| Suppliers | 440/4 | €632 | €946 | +€314 | +49.6% |
| Taxes, remuneration and social security | 45 | €2,886 | €2,410 | -€476 | -16.5% |
| Taxes | 450/3 | €2,886 | €2,410 | -€476 | -16.5% |
| Other amounts payable | 47/48 | €66 | €765 | +€699 | +1059.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €670 | = | 0.0% |
| Other operating charges | 640/8 | €214 | €255 | +€40 | +18.8% |
| Gross operating margin | 9900 | €37,470 | €23,530 | -€13,940 | -37.2% |
| Operating profit (loss) | 9901 | €36,586 | €22,605 | -€13,981 | -38.2% |
| Financial income | 75/76B | €375 | €888 | +€513 | +136.8% |
| Recurring financial income | 75 | €375 | €888 | +€513 | +136.8% |
| Financial charges | 65/66B | €1,002 | €804 | -€199 | -19.8% |
| Recurring financial charges | 65 | €1,002 | €804 | -€199 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €35,959 | €22,690 | -€13,269 | -36.9% |
| Income taxes | 67/77 | €10,580 | €5,876 | -€4,704 | -44.5% |
| Profit (loss) for the period | 9904 | €25,379 | €16,814 | -€8,565 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,379 | €16,814 | -€8,565 | -33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.