IMPROVABLE: 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.
IMPROVABLE
Largest movements
- Receivables within one year +€34,463
up €34,463 (+3749.0%), from €919 to €35,382
of which Trade receivables: +€33,680
- Cash +€1,067
up €1,067 (+9.8%), from €10,890 to €11,956
mainly Net result for the year (+€16,320) and Trade debts (+€15,705)
- Tangible fixed assets -€569
down €569 (-35.1%), from €1,620 to €1,051
- Trade debts +€15,705
up €15,705 (+639.3%), from €2,457 to €18,162
- Reserves +€10,020
up €10,020 (+159.0%), from €6,300 to €16,320
- Other debts +€6,676
up €6,676 (+561.4%), from €1,189 to €7,865
- Tax, wage and social debts +€2,360
up €2,360 (+488.6%), from €483 to €2,843
- Gross operating margin +€28,627
up €28,627, from -€7,490 to €21,137
- Taxes +€4,009
up €4,009, from €0 to €4,009
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 | €13,429 | €48,390 | +€34,960 | +260.3% |
| Fixed assets | 21/28 | €1,620 | €1,051 | -€569 | -35.1% |
| Tangible fixed assets | 22/27 | €1,620 | €1,051 | -€569 | -35.1% |
| Furniture and vehicles | 24 | €1,620 | €1,051 | -€569 | -35.1% |
| Current assets | 29/58 | €11,809 | €47,338 | +€35,529 | +300.9% |
| Amounts receivable within one year | 40/41 | €919 | €35,382 | +€34,463 | +3749.0% |
| Trade receivables | 40 | €0 | €33,680 | +€33,680 | |
| Other amounts receivable | 41 | €919 | €1,702 | +€783 | +85.2% |
| Cash at bank and in hand | 54/58 | €10,890 | €11,956 | +€1,067 | +9.8% |
| Total equity and liabilities | 10/49 | €13,429 | €48,390 | +€34,960 | +260.3% |
| Equity | 10/15 | €9,300 | €19,320 | +€10,020 | +107.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €6,300 | €16,320 | +€10,020 | +159.0% |
| Distributable reserves | 133 | €6,300 | €16,320 | +€10,020 | +159.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,129 | €29,070 | +€24,941 | +604.0% |
| Amounts payable within one year | 42/48 | €4,129 | €28,870 | +€24,741 | +599.2% |
| Trade debts | 44 | €2,457 | €18,162 | +€15,705 | +639.3% |
| Suppliers | 440/4 | €2,457 | €18,162 | +€15,705 | +639.3% |
| Taxes, remuneration and social security | 45 | €483 | €2,843 | +€2,360 | +488.6% |
| Taxes | 450/3 | €483 | €2,843 | +€2,360 | +488.6% |
| Other amounts payable | 47/48 | €1,189 | €7,865 | +€6,676 | +561.4% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €569 | €569 | = | 0.0% |
| Other operating charges | 640/8 | €218 | €305 | +€87 | +40.0% |
| Gross operating margin | 9900 | -€7,490 | €21,137 | +€28,627 | |
| Operating profit (loss) | 9901 | -€8,278 | €20,262 | +€28,540 | |
| Financial income | 75/76B | €44 | €221 | +€177 | +404.9% |
| Recurring financial income | 75 | €44 | €221 | +€177 | +404.9% |
| Financial charges | 65/66B | €169 | €153 | -€15 | -9.1% |
| Recurring financial charges | 65 | €169 | €153 | -€15 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,403 | €20,329 | +€28,732 | |
| Income taxes | 67/77 | €0 | €4,009 | +€4,009 | |
| Profit (loss) for the period | 9904 | -€8,403 | €16,320 | +€24,723 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,403 | €16,320 | +€24,723 |
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 7 October 2026 via checked.be.