Hashtag2: 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.
Hashtag2
Largest movements
- Receivables within one year +€162,412
up €162,412 (+143%), from €113,258 to €275,670
of which Trade receivables: +€171,252
- Cash -€32,895
down €32,895 (-75.4%), from €43,629 to €10,733
mainly Receivables within one year (-€162,412) and Tax, wage and social debts (-€64,827)
- Tangible fixed assets -€8,183
down €8,183 (-39.0%), from €21,006 to €12,823
of which Furniture and vehicles: -€8,183
- Trade debts +€137,953
up €137,953 (+5,500%), from €2,508 to €140,461
- Tax, wage and social debts -€64,827
down €64,827 (-74.0%), from €87,627 to €22,800
- Profit (loss) carried forward +€48,208
up €48,208 (+61.2%), from €78,831 to €127,039
- Gross operating margin +€54,491
up €54,491 (+104%), from €52,534 to €107,025
- Taxes +€38,941
up €38,941 (+261%), from €14,938 to €53,879
- Financial charges -€4,064
down €4,064 (-93.5%), from €4,346 to €282
- Depreciation -€1,298
down €1,298 (-13.7%), from €9,481 to €8,183
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.
Derived cash bridge
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 | €177,893 | €299,226 | +€121,334 | +68.2% |
| Fixed assets | 21/28 | €21,006 | €12,823 | -€8,183 | -39.0% |
| Tangible fixed assets | 22/27 | €21,006 | €12,823 | -€8,183 | -39.0% |
| Furniture and vehicles | 24 | €19,353 | €11,170 | -€8,183 | -42.3% |
| Assets under construction and advance payments | 27 | €1,653 | €1,653 | = | 0.0% |
| Current assets | 29/58 | €156,887 | €286,404 | +€129,517 | +82.6% |
| Amounts receivable within one year | 40/41 | €113,258 | €275,670 | +€162,412 | +143% |
| Trade receivables | 40 | €15,209 | €186,461 | +€171,252 | +1,126% |
| Other amounts receivable | 41 | €98,049 | €89,209 | -€8,840 | -9.0% |
| Cash at bank and in hand | 54/58 | €43,629 | €10,733 | -€32,895 | -75.4% |
| Total equity and liabilities | 10/49 | €177,893 | €299,226 | +€121,334 | +68.2% |
| Equity | 10/15 | €87,758 | €135,965 | +€48,208 | +54.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €8,926 | €8,926 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,926 | €8,926 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,926 | €8,926 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,831 | €127,039 | +€48,208 | +61.2% |
| Amounts payable | 17/49 | €90,135 | €163,261 | +€73,126 | +81.1% |
| Amounts payable within one year | 42/48 | €90,135 | €163,261 | +€73,126 | +81.1% |
| Trade debts | 44 | €2,508 | €140,461 | +€137,953 | +5,500% |
| Suppliers | 440/4 | €2,508 | €140,461 | +€137,953 | +5,500% |
| Taxes, remuneration and social security | 45 | €87,627 | €22,800 | -€64,827 | -74.0% |
| Taxes | 450/3 | €87,627 | €22,800 | -€64,827 | -74.0% |
| Non-recurring operating income | 76A | €348 | - | -€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,481 | €8,183 | -€1,298 | -13.7% |
| Other operating charges | 640/8 | €412 | €827 | +€414 | +101% |
| Gross operating margin | 9900 | €52,534 | €107,025 | +€54,491 | +104% |
| Operating profit (loss) | 9901 | €42,641 | €98,015 | +€55,374 | +130% |
| Financial income | 75/76B | €4,335 | €4,353 | +€19 | +0.4% |
| Recurring financial income | 75 | €4,335 | €4,353 | +€19 | +0.4% |
| Financial charges | 65/66B | €4,346 | €282 | -€4,064 | -93.5% |
| Recurring financial charges | 65 | €4,346 | €282 | -€4,064 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €42,629 | €102,087 | +€59,457 | +139% |
| Income taxes | 67/77 | €14,938 | €53,879 | +€38,941 | +261% |
| Profit (loss) for the period | 9904 | €27,691 | €48,208 | +€20,516 | +74.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,691 | €48,208 | +€20,516 | +74.1% |
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 16 October 2026 via checked.be.