Ideation: 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.
Ideation
Largest movements
- Cash +€98,205
up €98,205 (+595.9%), from €16,479 to €114,684
mainly Other debts (+€101,189) and Depreciation (+€56,755)
- Tangible fixed assets -€36,570
down €36,570 (-7.9%), from €465,241 to €428,671
of which Land and buildings: -€49,632
- Receivables after one year +€15,000
new in 2025: €15,000
- Receivables within one year -€7,136
down €7,136 (-12.0%), from €59,468 to €52,332
of which Trade receivables: -€7,004
- Other debts +€101,189
up €101,189 (+80.6%), from €125,532 to €226,721
- Debts after one year -€34,404
down €34,404 (-9.5%), from €361,743 to €327,339
of which Financial debts: -€34,404
- Tax, wage and social debts +€6,503
up €6,503 (+65.5%), from €9,929 to €16,432
- Gross operating margin -€2,888
down €2,888 (-3.5%), from €82,460 to €79,572
- Depreciation -€2,853
down €2,853 (-4.8%), from €59,608 to €56,755
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 | €541,188 | €610,687 | +€69,499 | +12.8% |
| Fixed assets | 21/28 | €465,241 | €428,671 | -€36,570 | -7.9% |
| Tangible fixed assets | 22/27 | €465,241 | €428,671 | -€36,570 | -7.9% |
| Land and buildings | 22 | €454,645 | €405,013 | -€49,632 | -10.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €10,596 | €23,658 | +€13,062 | +123.3% |
| Current assets | 29/58 | €75,947 | €182,016 | +€106,070 | +139.7% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €59,468 | €52,332 | -€7,136 | -12.0% |
| Trade receivables | 40 | €49,833 | €42,829 | -€7,004 | -14.1% |
| Other amounts receivable | 41 | €9,635 | €9,503 | -€132 | -1.4% |
| Cash at bank and in hand | 54/58 | €16,479 | €114,684 | +€98,205 | +595.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €541,188 | €610,687 | +€69,499 | +12.8% |
| Equity | 10/15 | €4,173 | €5,092 | +€918 | +22.0% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €157,148 | €157,148 | = | 0.0% |
| 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 | €155,288 | €155,288 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,974 | -€161,056 | +€918 | +0.6% |
| Amounts payable | 17/49 | €537,015 | €605,595 | +€68,581 | +12.8% |
| Amounts payable after more than one year | 17 | €361,743 | €327,339 | -€34,404 | -9.5% |
| Financial debts | 170/4 | €275,743 | €241,339 | -€34,404 | -12.5% |
| Other amounts payable | 178/9 | €86,000 | €86,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €175,272 | €278,256 | +€102,985 | +58.8% |
| Current portion of amounts payable after more than one year | 42 | €33,265 | €34,404 | +€1,140 | +3.4% |
| Trade debts | 44 | €1,714 | €699 | -€1,015 | -59.2% |
| Suppliers | 440/4 | €1,714 | €699 | -€1,015 | -59.2% |
| Advances received on contracts in progress | 46 | €4,832 | €0 | -€4,832 | -100.0% |
| Taxes, remuneration and social security | 45 | €9,929 | €16,432 | +€6,503 | +65.5% |
| Taxes | 450/3 | €9,929 | €16,432 | +€6,503 | +65.5% |
| Other amounts payable | 47/48 | €125,532 | €226,721 | +€101,189 | +80.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,608 | €56,755 | -€2,853 | -4.8% |
| Other operating charges | 640/8 | €5,920 | €5,907 | -€13 | -0.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €82,460 | €79,572 | -€2,888 | -3.5% |
| Operating profit (loss) | 9901 | €16,932 | €16,910 | -€22 | -0.1% |
| Financial income | 75/76B | €386 | €0 | -€386 | -100.0% |
| Recurring financial income | 75 | €386 | €0 | -€386 | -100.0% |
| Financial charges | 65/66B | €10,705 | €10,831 | +€126 | +1.2% |
| Recurring financial charges | 65 | €10,705 | €10,831 | +€126 | +1.2% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €6,613 | €6,079 | -€534 | -8.1% |
| Income taxes | 67/77 | €4,588 | €5,160 | +€573 | +12.5% |
| Profit (loss) for the period | 9904 | €2,025 | €918 | -€1,107 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,025 | €918 | -€1,107 | -54.7% |
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 9 October 2026 via checked.be.