Heading: 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.
Heading
Largest movements
- Cash +€11,889
up €11,889 (+233.8%), from €5,086 to €16,975
mainly Net result for the year (+€8,337) and Investment in fixed assets (net) (+€5,507)
- Tangible fixed assets -€9,865
down €9,865 (-47.4%), from €20,832 to €10,967
of which Furniture and vehicles: -€8,090
- Financial fixed assets -€400
down €400 (-97.6%), from €410 to €10
- Profit (loss) carried forward +€8,337
up €8,337 (+31.3%), from -€26,636 to -€18,299
- Trade debts -€5,441
down €5,441 (-96.5%), from €5,637 to €196
- Tax, wage and social debts -€5,194
down €5,194 (-62.3%), from €8,331 to €3,137
- Other debts +€3,514
up €3,514 (+63.3%), from €5,555 to €9,069
- Gross operating margin +€43,076
up €43,076, from -€31,533 to €11,543
- Depreciation -€4,936
down €4,936 (-50.9%), from €9,694 to €4,758
- Financial income +€2,650
up €2,650 (+108.8%), from €2,437 to €5,087
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 | €27,146 | €28,635 | +€1,488 | +5.5% |
| Fixed assets | 21/28 | €21,242 | €10,977 | -€10,265 | -48.3% |
| Tangible fixed assets | 22/27 | €20,832 | €10,967 | -€9,865 | -47.4% |
| Furniture and vehicles | 24 | €13,060 | €4,970 | -€8,090 | -61.9% |
| Other tangible fixed assets | 26 | €7,772 | €5,998 | -€1,774 | -22.8% |
| Financial fixed assets | 28 | €410 | €10 | -€400 | -97.6% |
| Current assets | 29/58 | €5,904 | €17,657 | +€11,753 | +199.1% |
| Amounts receivable within one year | 40/41 | €307 | €424 | +€116 | +37.9% |
| Trade receivables | 40 | €307 | €424 | +€116 | +37.9% |
| Cash at bank and in hand | 54/58 | €5,086 | €16,975 | +€11,889 | +233.8% |
| Deferred charges and accrued income | 490/1 | €511 | €259 | -€252 | -49.4% |
| Total equity and liabilities | 10/49 | €27,146 | €28,635 | +€1,488 | +5.5% |
| Equity | 10/15 | €7,350 | €15,688 | +€8,337 | +113.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,786 | €27,786 | = | 0.0% |
| Distributable reserves | 133 | €27,786 | €27,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,636 | -€18,299 | +€8,337 | +31.3% |
| Amounts payable | 17/49 | €19,796 | €12,947 | -€6,849 | -34.6% |
| Amounts payable within one year | 42/48 | €19,522 | €12,426 | -€7,096 | -36.3% |
| Financial debts | 43 | - | €25 | +€25 | |
| Credit institutions | 430/8 | - | €25 | +€25 | |
| Trade debts | 44 | €5,637 | €196 | -€5,441 | -96.5% |
| Suppliers | 440/4 | €5,637 | €196 | -€5,441 | -96.5% |
| Taxes, remuneration and social security | 45 | €8,331 | €3,137 | -€5,194 | -62.3% |
| Taxes | 450/3 | €8,331 | €3,137 | -€5,194 | -62.3% |
| Other amounts payable | 47/48 | €5,555 | €9,069 | +€3,514 | +63.3% |
| Accrued charges and deferred income | 492/3 | €274 | €521 | +€247 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,694 | €4,758 | -€4,936 | -50.9% |
| Other operating charges | 640/8 | €1,548 | €1,379 | -€169 | -10.9% |
| Gross operating margin | 9900 | -€31,533 | €11,543 | +€43,076 | |
| Operating profit (loss) | 9901 | -€42,775 | €5,406 | +€48,181 | |
| Financial income | 75/76B | €2,437 | €5,087 | +€2,650 | +108.8% |
| Recurring financial income | 75 | €2,437 | €5,087 | +€2,650 | +108.8% |
| Financial charges | 65/66B | €1,712 | €1,855 | +€143 | +8.3% |
| Recurring financial charges | 65 | €1,712 | €1,855 | +€143 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,051 | €8,638 | +€50,689 | |
| Income taxes | 67/77 | €334 | €301 | -€34 | -10.1% |
| Profit (loss) for the period | 9904 | -€42,385 | €8,337 | +€50,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,385 | €8,337 | +€50,722 |
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 8 October 2026 via checked.be.