HEADBOX: 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.
HEADBOX
Largest movements
- Receivables within one year +€29,976
up €29,976 (+116%), from €25,901 to €55,877
of which Trade receivables: +€30,482
- Tangible fixed assets +€6,566
up €6,566 (+357%), from €1,838 to €8,404
of which Furniture and vehicles: +€6,969
- Deferred charges and accrued income -€4,739
down €4,739 (-86.7%), from €5,467 to €728
- Cash +€2,089
up €2,089 (+17.7%), from €11,776 to €13,865
mainly Net result for the year (+€53,038) and Tax, wage and social debts (+€23,613)
- Profit (loss) carried forward +€53,038
up €53,038 (+73.5%), from -€72,153 to -€19,115
- Other debts -€41,939
down €41,939 (-83.7%), from €50,108 to €8,169
- Tax, wage and social debts +€23,613
up €23,613 (+880%), from €2,684 to €26,297
- Short-term financial debts -€1,813
down €1,813 (-58.1%), from €3,123 to €1,309
- Trade debts +€970
up €970 (+2.3%), from €42,572 to €43,541
- Gross operating margin +€73,244
up €73,244 (+340%), from €21,538 to €94,782
- Other operating charges +€28,726
up €28,726 (+6,204%), from €463 to €29,189
- Taxes +€9,114
up €9,114 (+3,362%), from €271 to €9,385
- Financial charges -€1,271
down €1,271 (-55.9%), from €2,272 to €1,001
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 | €44,982 | €78,874 | +€33,892 | +75.3% |
| Fixed assets | 21/28 | €1,838 | €8,404 | +€6,566 | +357% |
| Tangible fixed assets | 22/27 | €1,838 | €8,404 | +€6,566 | +357% |
| Furniture and vehicles | 24 | €1,033 | €8,002 | +€6,969 | +675% |
| Other tangible fixed assets | 26 | €805 | €403 | -€403 | -50.0% |
| Current assets | 29/58 | €43,144 | €70,470 | +€27,326 | +63.3% |
| Amounts receivable within one year | 40/41 | €25,901 | €55,877 | +€29,976 | +116% |
| Trade receivables | 40 | €15,901 | €46,384 | +€30,482 | +192% |
| Other amounts receivable | 41 | €10,000 | €9,493 | -€507 | -5.1% |
| Cash at bank and in hand | 54/58 | €11,776 | €13,865 | +€2,089 | +17.7% |
| Deferred charges and accrued income | 490/1 | €5,467 | €728 | -€4,739 | -86.7% |
| Total equity and liabilities | 10/49 | €44,982 | €78,874 | +€33,892 | +75.3% |
| Equity | 10/15 | -€53,553 | -€515 | +€53,038 | +99.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,153 | -€19,115 | +€53,038 | +73.5% |
| Amounts payable | 17/49 | €98,535 | €79,389 | -€19,146 | -19.4% |
| Amounts payable within one year | 42/48 | €98,486 | €79,316 | -€19,170 | -19.5% |
| Financial debts | 43 | €3,123 | €1,309 | -€1,813 | -58.1% |
| Credit institutions | 430/8 | €3,123 | €1,309 | -€1,813 | -58.1% |
| Trade debts | 44 | €42,572 | €43,541 | +€970 | +2.3% |
| Suppliers | 440/4 | €42,572 | €43,541 | +€970 | +2.3% |
| Taxes, remuneration and social security | 45 | €2,684 | €26,297 | +€23,613 | +880% |
| Taxes | 450/3 | €2,684 | €26,297 | +€23,613 | +880% |
| Other amounts payable | 47/48 | €50,108 | €8,169 | -€41,939 | -83.7% |
| Accrued charges and deferred income | 492/3 | €49 | €73 | +€24 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,624 | €2,184 | +€560 | +34.5% |
| Other operating charges | 640/8 | €463 | €29,189 | +€28,726 | +6,204% |
| Non-recurring operating charges | 66A | €878 | - | -€878 | |
| Gross operating margin | 9900 | €21,538 | €94,782 | +€73,244 | +340% |
| Operating profit (loss) | 9901 | €18,573 | €63,409 | +€44,836 | +241% |
| Financial income | 75/76B | €316 | €15 | -€302 | -95.4% |
| Recurring financial income | 75 | €316 | €15 | -€302 | -95.4% |
| Financial charges | 65/66B | €2,272 | €1,001 | -€1,271 | -55.9% |
| Recurring financial charges | 65 | €2,272 | €1,001 | -€1,271 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €16,617 | €62,422 | +€45,805 | +276% |
| Income taxes | 67/77 | €271 | €9,385 | +€9,114 | +3,362% |
| Profit (loss) for the period | 9904 | €16,346 | €53,038 | +€36,692 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €16,346 | €53,038 | +€36,692 | +224% |
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 14 October 2026 via checked.be.