HIGH-LOOK: 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.
HIGH-LOOK
Largest movements
- Cash +€56,337
up €56,337 (+175.4%), from €32,115 to €88,452
mainly Net result for the year (+€62,978) and Depreciation (+€24,472)
- Tangible fixed assets +€7,817
up €7,817 (+5.7%), from €138,018 to €145,836
of which Furniture and vehicles: +€28,413
- Reserves +€36,000
up €36,000 (+31.1%), from €115,860 to €151,860
of which Distributable reserves: +€36,000
- Tax, wage and social debts +€17,660
up €17,660 (+23.5%), from €75,184 to €92,844
of which Taxes: +€10,416
- Accrued charges and deferred income -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Debts after one year +€12,706
up €12,706 (+79.2%), from €16,037 to €28,743
- Trade debts +€7,536
up €7,536 (+22.5%), from €33,558 to €41,094
- Gross operating margin -€23,719
down €23,719 (-8.8%), from €269,792 to €246,073
- Taxes -€14,263
down €14,263 (-42.1%), from €33,906 to €19,643
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 | €340,334 | €406,261 | +€65,926 | +19.4% |
| Fixed assets | 21/28 | €138,078 | €145,896 | +€7,817 | +5.7% |
| Tangible fixed assets | 22/27 | €138,018 | €145,836 | +€7,817 | +5.7% |
| Furniture and vehicles | 24 | €738 | €29,151 | +€28,413 | +3847.5% |
| Other tangible fixed assets | 26 | €137,280 | €116,685 | -€20,595 | -15.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €202,256 | €260,365 | +€58,109 | +28.7% |
| Amounts receivable after more than one year | 29 | €58,000 | €58,000 | = | 0.0% |
| Other amounts receivable | 291 | €58,000 | €58,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €82,351 | €81,090 | -€1,261 | -1.5% |
| Trade receivables | 40 | €10,442 | €2,054 | -€8,388 | -80.3% |
| Other amounts receivable | 41 | €71,910 | €79,036 | +€7,126 | +9.9% |
| Cash at bank and in hand | 54/58 | €32,115 | €88,452 | +€56,337 | +175.4% |
| Deferred charges and accrued income | 490/1 | €29,790 | €32,823 | +€3,033 | +10.2% |
| Total equity and liabilities | 10/49 | €340,334 | €406,261 | +€65,926 | +19.4% |
| Equity | 10/15 | €135,110 | €171,088 | +€35,978 | +26.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €115,860 | €151,860 | +€36,000 | +31.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €114,000 | €150,000 | +€36,000 | +31.6% |
| Profit (loss) carried forward | 14 | €650 | €628 | -€22 | -3.4% |
| Amounts payable | 17/49 | €205,224 | €235,173 | +€29,949 | +14.6% |
| Amounts payable after more than one year | 17 | €16,037 | €28,743 | +€12,706 | +79.2% |
| Financial debts | 170/4 | €16,037 | €28,743 | +€12,706 | +79.2% |
| Amounts payable within one year | 42/48 | €144,187 | €176,430 | +€32,243 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €10,446 | €15,492 | +€5,046 | +48.3% |
| Trade debts | 44 | €33,558 | €41,094 | +€7,536 | +22.5% |
| Suppliers | 440/4 | €33,558 | €41,094 | +€7,536 | +22.5% |
| Taxes, remuneration and social security | 45 | €75,184 | €92,844 | +€17,660 | +23.5% |
| Taxes | 450/3 | €56,882 | €67,298 | +€10,416 | +18.3% |
| Remuneration and social security | 454/9 | €18,302 | €25,546 | +€7,244 | +39.6% |
| Other amounts payable | 47/48 | €25,000 | €27,000 | +€2,000 | +8.0% |
| Accrued charges and deferred income | 492/3 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Remuneration, social security and pensions | 62 | €136,395 | €137,883 | +€1,488 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,803 | €24,472 | +€2,670 | +12.2% |
| Other operating charges | 640/8 | €1,029 | €1,041 | +€12 | +1.1% |
| Gross operating margin | 9900 | €269,792 | €246,073 | -€23,719 | -8.8% |
| Operating profit (loss) | 9901 | €110,564 | €82,676 | -€27,888 | -25.2% |
| Financial income | 75/76B | €4,133 | €2,768 | -€1,365 | -33.0% |
| Recurring financial income | 75 | €4,133 | €2,768 | -€1,365 | -33.0% |
| Financial charges | 65/66B | €5,048 | €2,824 | -€2,224 | -44.1% |
| Recurring financial charges | 65 | €5,048 | €2,824 | -€2,224 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €109,650 | €82,620 | -€27,030 | -24.7% |
| Income taxes | 67/77 | €33,906 | €19,643 | -€14,263 | -42.1% |
| Profit (loss) for the period | 9904 | €75,744 | €62,978 | -€12,766 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,744 | €62,978 | -€12,766 | -16.9% |
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 4 October 2026 via checked.be.