IDENTITY STRINGS: 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.
IDENTITY STRINGS
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€32,136
down €32,136 (-40.8%), from €78,734 to €46,598
mainly Current investments (-€50,000) and Receivables within one year (-€24,948)
- Receivables within one year +€24,948
up €24,948 (+616.8%), from €4,044 to €28,993
of which Trade receivables: +€24,965
- Deferred charges and accrued income +€4,669
up €4,669 (+357.1%), from €1,308 to €5,977
- Reserves +€42,000
up €42,000 (+79.2%), from €53,000 to €95,000
- Tax, wage and social debts +€5,842
up €5,842 (+78.0%), from €7,488 to €13,330
- Debts after one year -€4,101
down €4,101 (-45.3%), from €9,045 to €4,944
- Trade debts +€3,708
up €3,708 (+67.9%), from €5,465 to €9,173
- Gross operating margin +€4,271
up €4,271 (+8.1%), from €52,876 to €57,147
- Financial charges -€1,249
down €1,249 (-33.2%), from €3,763 to €2,514
- Taxes +€646
up €646 (+5.8%), from €11,226 to €11,872
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 | €86,759 | €133,706 | +€46,947 | +54.1% |
| Fixed assets | 21/28 | €2,673 | €2,138 | -€535 | -20.0% |
| Tangible fixed assets | 22/27 | €2,673 | €2,138 | -€535 | -20.0% |
| Furniture and vehicles | 24 | €2,673 | €2,138 | -€535 | -20.0% |
| Current assets | 29/58 | €84,086 | €131,567 | +€47,482 | +56.5% |
| Amounts receivable within one year | 40/41 | €4,044 | €28,993 | +€24,948 | +616.8% |
| Trade receivables | 40 | €4,027 | €28,993 | +€24,965 | +619.9% |
| Other amounts receivable | 41 | €17 | €0 | -€17 | -100.0% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €78,734 | €46,598 | -€32,136 | -40.8% |
| Deferred charges and accrued income | 490/1 | €1,308 | €5,977 | +€4,669 | +357.1% |
| Total equity and liabilities | 10/49 | €86,759 | €133,706 | +€46,947 | +54.1% |
| Equity | 10/15 | €58,518 | €100,775 | +€42,257 | +72.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €95,000 | +€42,000 | +79.2% |
| Distributable reserves | 133 | €53,000 | €95,000 | +€42,000 | +79.2% |
| Profit (loss) carried forward | 14 | €518 | €775 | +€257 | +49.7% |
| Amounts payable | 17/49 | €28,241 | €32,931 | +€4,690 | +16.6% |
| Amounts payable after more than one year | 17 | €9,045 | €4,944 | -€4,101 | -45.3% |
| Financial debts | 170/4 | €9,045 | €4,944 | -€4,101 | -45.3% |
| Amounts payable within one year | 42/48 | €19,196 | €27,986 | +€8,791 | +45.8% |
| Current portion of amounts payable after more than one year | 42 | €3,982 | €4,101 | +€119 | +3.0% |
| Trade debts | 44 | €5,465 | €9,173 | +€3,708 | +67.9% |
| Suppliers | 440/4 | €5,465 | €9,173 | +€3,708 | +67.9% |
| Taxes, remuneration and social security | 45 | €7,488 | €13,330 | +€5,842 | +78.0% |
| Taxes | 450/3 | €7,488 | €13,330 | +€5,842 | +78.0% |
| Other amounts payable | 47/48 | €2,261 | €1,382 | -€879 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €535 | +€535 | |
| Other operating charges | 640/8 | €244 | €460 | +€216 | +88.3% |
| Gross operating margin | 9900 | €52,876 | €57,147 | +€4,271 | +8.1% |
| Operating profit (loss) | 9901 | €52,632 | €56,152 | +€3,520 | +6.7% |
| Financial income | 75/76B | €411 | €491 | +€80 | +19.5% |
| Recurring financial income | 75 | €411 | €491 | +€80 | +19.5% |
| Financial charges | 65/66B | €3,763 | €2,514 | -€1,249 | -33.2% |
| Recurring financial charges | 65 | €3,763 | €2,514 | -€1,249 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €49,280 | €54,129 | +€4,849 | +9.8% |
| Income taxes | 67/77 | €11,226 | €11,872 | +€646 | +5.8% |
| Profit (loss) for the period | 9904 | €38,054 | €42,257 | +€4,204 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,054 | €42,257 | +€4,204 | +11.0% |
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 9 October 2026 via checked.be.