HARD AND SOFT SUPPORT: 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.
HARD AND SOFT SUPPORT
Largest movements
- Cash +€15,310
up €15,310 (+14.5%), from €105,930 to €121,240
mainly Net result for the year (+€10,929) and Other debts (+€2,988)
- Tangible fixed assets -€1,775
down €1,775 (-61.8%), from €2,874 to €1,099
- Receivables within one year -€1,725
down €1,725 (-19.4%), from €8,885 to €7,161
- Reserves +€10,929
up €10,929 (+60.8%), from €17,963 to €28,892
of which Distributable reserves: +€10,382
- Other debts +€2,988
up €2,988 (+42.2%), from €7,080 to €10,068
- Tax, wage and social debts -€2,142
down €2,142 (-32.6%), from €6,566 to €4,423
- Gross operating margin +€2,943
up €2,943 (+17.6%), from €16,766 to €19,708
- Depreciation -€1,280
down €1,280 (-30.8%), from €4,163 to €2,882
- Taxes +€1,009
up €1,009 (+27.5%), from €3,667 to €4,676
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 | €121,563 | €133,453 | +€11,890 | +9.8% |
| Fixed assets | 21/28 | €3,080 | €1,305 | -€1,775 | -57.6% |
| Tangible fixed assets | 22/27 | €2,874 | €1,099 | -€1,775 | -61.8% |
| Furniture and vehicles | 24 | €2,874 | €1,099 | -€1,775 | -61.8% |
| Financial fixed assets | 28 | €206 | €206 | = | 0.0% |
| Current assets | 29/58 | €118,483 | €132,148 | +€13,665 | +11.5% |
| Stocks and contracts in progress | 3 | €1,228 | €1,182 | -€46 | -3.7% |
| Stocks | 30/36 | €1,228 | €1,182 | -€46 | -3.7% |
| Amounts receivable within one year | 40/41 | €8,885 | €7,161 | -€1,725 | -19.4% |
| Trade receivables | 40 | €8,885 | €7,161 | -€1,725 | -19.4% |
| Cash at bank and in hand | 54/58 | €105,930 | €121,240 | +€15,310 | +14.5% |
| Deferred charges and accrued income | 490/1 | €2,440 | €2,565 | +€126 | +5.1% |
| Total equity and liabilities | 10/49 | €121,563 | €133,453 | +€11,890 | +9.8% |
| Equity | 10/15 | €107,823 | €118,752 | +€10,929 | +10.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €17,963 | €28,892 | +€10,929 | +60.8% |
| Non-distributable reserves | 130/1 | €2,917 | €3,463 | +€546 | +18.7% |
| Legal reserve | 130 | €2,917 | €3,463 | +€546 | +18.7% |
| Distributable reserves | 133 | €15,047 | €25,429 | +€10,382 | +69.0% |
| Profit (loss) carried forward | 14 | €15,492 | €15,492 | = | 0.0% |
| Amounts payable | 17/49 | €13,740 | €14,701 | +€961 | +7.0% |
| Amounts payable within one year | 42/48 | €13,728 | €14,689 | +€961 | +7.0% |
| Trade debts | 44 | €82 | €198 | +€115 | +140.0% |
| Suppliers | 440/4 | €82 | €198 | +€115 | +140.0% |
| Taxes, remuneration and social security | 45 | €6,566 | €4,423 | -€2,142 | -32.6% |
| Taxes | 450/3 | €6,566 | €4,423 | -€2,142 | -32.6% |
| Other amounts payable | 47/48 | €7,080 | €10,068 | +€2,988 | +42.2% |
| Accrued charges and deferred income | 492/3 | €12 | €12 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,163 | €2,882 | -€1,280 | -30.8% |
| Other operating charges | 640/8 | €1,031 | €1,056 | +€25 | +2.5% |
| Gross operating margin | 9900 | €16,766 | €19,708 | +€2,943 | +17.6% |
| Operating profit (loss) | 9901 | €11,572 | €15,770 | +€4,198 | +36.3% |
| Financial charges | 65/66B | €166 | €165 | -€1 | -0.4% |
| Recurring financial charges | 65 | €166 | €165 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €11,407 | €15,605 | +€4,198 | +36.8% |
| Income taxes | 67/77 | €3,667 | €4,676 | +€1,009 | +27.5% |
| Profit (loss) for the period | 9904 | €7,740 | €10,929 | +€3,189 | +41.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,740 | €10,929 | +€3,189 | +41.2% |
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 11 October 2026 via checked.be.