hell yeah: what changed
hell yeah
Largest movements
- Tangible fixed assets +€29,860
up €29,860 (+453%), from €6,585 to €36,446
of which Furniture and vehicles: +€27,733
- Cash -€19,189
down €19,189 (-61.9%), from €30,985 to €11,796
mainly Investment in fixed assets (net) (-€42,554) and Contributions, distributions and other (-€11,889)
- Deferred charges and accrued income +€2,748
new in 2025: €2,748
- Receivables within one year -€2,668
down €2,668 (-12.6%), from €21,193 to €18,525
of which Other amounts receivable: -€7,257
- Debts after one year +€9,300
new in 2025: €9,300
- Accrued charges and deferred income +€4,441
new in 2025: €4,441
- Other debts -€3,944
down €3,944 (-13.1%), from €30,168 to €26,225
- Tax, wage and social debts +€2,092
up €2,092 (+24.3%), from €8,619 to €10,711
- Trade debts -€1,137
down €1,137 (-82.6%), from €1,376 to €239
- Depreciation +€10,391
up €10,391 (+451%), from €2,302 to €12,693
- Other operating charges +€3,123
up €3,123 (+1,016%), from €307 to €3,430
- Gross operating margin -€3,056
down €3,056 (-7.6%), from €40,063 to €37,007
- Taxes -€2,035
down €2,035 (-26.8%), from €7,597 to €5,562
- Financial charges -€762
down €762 (-18.2%), from €4,197 to €3,435
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,763 | €69,515 | +€10,752 | +18.3% |
| Fixed assets | 21/28 | €6,585 | €36,446 | +€29,860 | +453% |
| Tangible fixed assets | 22/27 | €6,585 | €36,446 | +€29,860 | +453% |
| Plant, machinery and equipment | 23 | €6,046 | €8,174 | +€2,127 | +35.2% |
| Furniture and vehicles | 24 | €539 | €28,272 | +€27,733 | +5,148% |
| Current assets | 29/58 | €52,178 | €33,069 | -€19,108 | -36.6% |
| Amounts receivable within one year | 40/41 | €21,193 | €18,525 | -€2,668 | -12.6% |
| Trade receivables | 40 | €11,282 | €15,871 | +€4,589 | +40.7% |
| Other amounts receivable | 41 | €9,911 | €2,654 | -€7,257 | -73.2% |
| Cash at bank and in hand | 54/58 | €30,985 | €11,796 | -€19,189 | -61.9% |
| Deferred charges and accrued income | 490/1 | - | €2,748 | +€2,748 | |
| Total equity and liabilities | 10/49 | €58,763 | €69,515 | +€10,752 | +18.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable | 17/49 | €40,163 | €50,915 | +€10,752 | +26.8% |
| Amounts payable after more than one year | 17 | - | €9,300 | +€9,300 | |
| Financial debts | 170/4 | - | €9,300 | +€9,300 | |
| Amounts payable within one year | 42/48 | €40,163 | €37,174 | -€2,989 | -7.4% |
| Trade debts | 44 | €1,376 | €239 | -€1,137 | -82.6% |
| Suppliers | 440/4 | €1,376 | €239 | -€1,137 | -82.6% |
| Taxes, remuneration and social security | 45 | €8,619 | €10,711 | +€2,092 | +24.3% |
| Taxes | 450/3 | €8,619 | €10,711 | +€2,092 | +24.3% |
| Other amounts payable | 47/48 | €30,168 | €26,225 | -€3,944 | -13.1% |
| Accrued charges and deferred income | 492/3 | - | €4,441 | +€4,441 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,302 | €12,693 | +€10,391 | +451% |
| Other operating charges | 640/8 | €307 | €3,430 | +€3,123 | +1,016% |
| Gross operating margin | 9900 | €40,063 | €37,007 | -€3,056 | -7.6% |
| Operating profit (loss) | 9901 | €37,454 | €20,884 | -€16,570 | -44.2% |
| Financial income | 75/76B | €14 | €2 | -€12 | -85.4% |
| Recurring financial income | 75 | €14 | €2 | -€12 | -85.4% |
| Financial charges | 65/66B | €4,197 | €3,435 | -€762 | -18.2% |
| Recurring financial charges | 65 | €4,197 | €3,435 | -€762 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €33,271 | €17,451 | -€15,820 | -47.5% |
| Income taxes | 67/77 | €7,597 | €5,562 | -€2,035 | -26.8% |
| Profit (loss) for the period | 9904 | €25,673 | €11,889 | -€13,785 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,673 | €11,889 | -€13,785 | -53.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.