I am ... L: 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.
I am ... L
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash +€45,284
up €45,284 (+33.5%), from €135,013 to €180,296
mainly Net result for the year (+€29,508) and Tax, wage and social debts (+€27,799)
- Tangible fixed assets -€10,446
down €10,446 (-27.3%), from €38,218 to €27,772
- Receivables within one year -€7,739
down €7,739 (-7.8%), from €99,180 to €91,442
of which Trade receivables: -€7,623
- Reserves +€28,708
up €28,708 (+19.2%), from €149,175 to €177,883
- Tax, wage and social debts +€27,799
up €27,799 (+35.0%), from €79,344 to €107,142
of which Taxes: +€28,569
- Other debts +€21,460
up €21,460 (+48.6%), from €44,152 to €65,612
- Gross operating margin -€163,810
down €163,810 (-74.9%), from €218,699 to €54,889
- Taxes -€50,069
down €50,069 (-78.7%), from €63,588 to €13,519
- Depreciation +€6,879
up €6,879 (+193%), from €3,568 to €10,446
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 | €274,320 | €351,535 | +€77,215 | +28.1% |
| Fixed assets | 21/28 | €38,218 | €27,772 | -€10,446 | -27.3% |
| Tangible fixed assets | 22/27 | €38,218 | €27,772 | -€10,446 | -27.3% |
| Furniture and vehicles | 24 | €38,218 | €27,772 | -€10,446 | -27.3% |
| Current assets | 29/58 | €236,102 | €323,763 | +€87,662 | +37.1% |
| Amounts receivable within one year | 40/41 | €99,180 | €91,442 | -€7,739 | -7.8% |
| Trade receivables | 40 | €99,065 | €91,442 | -€7,623 | -7.7% |
| Other amounts receivable | 41 | €116 | - | -€116 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €135,013 | €180,296 | +€45,284 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,909 | €2,025 | +€116 | +6.1% |
| Total equity and liabilities | 10/49 | €274,320 | €351,535 | +€77,215 | +28.1% |
| Equity | 10/15 | €149,175 | €177,883 | +€28,708 | +19.2% |
| Reserves | 13 | €149,175 | €177,883 | +€28,708 | +19.2% |
| Distributable reserves | 133 | €149,175 | €177,883 | +€28,708 | +19.2% |
| Amounts payable | 17/49 | €125,145 | €173,652 | +€48,507 | +38.8% |
| Amounts payable within one year | 42/48 | €125,145 | €173,640 | +€48,495 | +38.8% |
| Trade debts | 44 | €1,649 | €885 | -€764 | -46.3% |
| Suppliers | 440/4 | €1,649 | €885 | -€764 | -46.3% |
| Taxes, remuneration and social security | 45 | €79,344 | €107,142 | +€27,799 | +35.0% |
| Taxes | 450/3 | €78,574 | €107,142 | +€28,569 | +36.4% |
| Remuneration and social security | 454/9 | €770 | - | -€770 | |
| Other amounts payable | 47/48 | €44,152 | €65,612 | +€21,460 | +48.6% |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,568 | €10,446 | +€6,879 | +193% |
| Other operating charges | 640/8 | €1,084 | €842 | -€242 | -22.3% |
| Gross operating margin | 9900 | €218,699 | €54,889 | -€163,810 | -74.9% |
| Operating profit (loss) | 9901 | €214,047 | €43,601 | -€170,446 | -79.6% |
| Financial charges | 65/66B | €485 | €573 | +€88 | +18.2% |
| Recurring financial charges | 65 | €485 | €573 | +€88 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | €213,562 | €43,028 | -€170,535 | -79.9% |
| Income taxes | 67/77 | €63,588 | €13,519 | -€50,069 | -78.7% |
| Profit (loss) for the period | 9904 | €149,975 | €29,508 | -€120,466 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €149,975 | €29,508 | -€120,466 | -80.3% |
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 26 October 2026 via checked.be.