I HAVE: 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.
I HAVE
Largest movements
- Cash +€12,241
up €12,241 (+72.6%), from €16,857 to €29,098
mainly Net result for the year (+€10,037) and Depreciation (+€6,702)
- Tangible fixed assets -€6,702
down €6,702 (-33.8%), from €19,823 to €13,120
of which Furniture and vehicles: -€6,287
- Receivables within one year +€5,985
new in 2025: €5,985
- Deferred charges and accrued income +€1,007
new in 2025: €1,007
- Reserves +€10,037
up €10,037 (+51.5%), from €19,475 to €29,513
- Trade debts +€4,910
up €4,910 (+211.6%), from €2,320 to €7,231
- Tax, wage and social debts -€2,416
down €2,416 (-24.4%), from €9,884 to €7,467
- Depreciation +€6,418
up €6,418 (+2255.3%), from €285 to €6,702
- Gross operating margin -€3,278
down €3,278 (-13.0%), from €25,214 to €21,936
- Taxes -€1,179
down €1,179 (-22.0%), from €5,359 to €4,180
- Other operating charges +€917
up €917 (+1489.2%), from €62 to €979
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 | €36,679 | €49,210 | +€12,531 | +34.2% |
| Fixed assets | 21/28 | €19,823 | €13,120 | -€6,702 | -33.8% |
| Tangible fixed assets | 22/27 | €19,823 | €13,120 | -€6,702 | -33.8% |
| Plant, machinery and equipment | 23 | €1,211 | €795 | -€416 | -34.3% |
| Furniture and vehicles | 24 | €18,612 | €12,325 | -€6,287 | -33.8% |
| Current assets | 29/58 | €16,857 | €36,090 | +€19,233 | +114.1% |
| Amounts receivable within one year | 40/41 | - | €5,985 | +€5,985 | |
| Trade receivables | 40 | - | €5,985 | +€5,985 | |
| Cash at bank and in hand | 54/58 | €16,857 | €29,098 | +€12,241 | +72.6% |
| Deferred charges and accrued income | 490/1 | - | €1,007 | +€1,007 | |
| Total equity and liabilities | 10/49 | €36,679 | €49,210 | +€12,531 | +34.2% |
| Equity | 10/15 | €24,475 | €34,513 | +€10,037 | +41.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €19,475 | €29,513 | +€10,037 | +51.5% |
| Distributable reserves | 133 | €19,475 | €29,513 | +€10,037 | +51.5% |
| Amounts payable | 17/49 | €12,204 | €14,698 | +€2,494 | +20.4% |
| Amounts payable within one year | 42/48 | €12,204 | €14,698 | +€2,494 | +20.4% |
| Trade debts | 44 | €2,320 | €7,231 | +€4,910 | +211.6% |
| Suppliers | 440/4 | €2,320 | €7,231 | +€4,910 | +211.6% |
| Taxes, remuneration and social security | 45 | €9,884 | €7,467 | -€2,416 | -24.4% |
| Taxes | 450/3 | €9,884 | €7,467 | -€2,416 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €6,702 | +€6,418 | +2255.3% |
| Other operating charges | 640/8 | €62 | €979 | +€917 | +1489.2% |
| Gross operating margin | 9900 | €25,214 | €21,936 | -€3,278 | -13.0% |
| Operating profit (loss) | 9901 | €24,868 | €14,255 | -€10,613 | -42.7% |
| Financial charges | 65/66B | €33 | €37 | +€4 | +11.8% |
| Recurring financial charges | 65 | €33 | €37 | +€4 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €24,834 | €14,218 | -€10,617 | -42.8% |
| Income taxes | 67/77 | €5,359 | €4,180 | -€1,179 | -22.0% |
| Profit (loss) for the period | 9904 | €19,475 | €10,037 | -€9,438 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,475 | €10,037 | -€9,438 | -48.5% |
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.