In Form: 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.
In Form
Largest movements
- Cash +€33,112
up €33,112 (+66.4%), from €49,885 to €82,997
mainly Net result for the year (+€27,880) and Tax, wage and social debts (+€19,866)
- Reserves +€27,880
up €27,880 (+86.7%), from €32,164 to €60,044
- Tax, wage and social debts +€19,866
up €19,866 (+1204.0%), from €1,650 to €21,516
- Other debts -€16,117
down €16,117 (-44.6%), from €36,111 to €19,993
- Taxes +€19,255
new in 2025: €19,255
- Gross operating margin +€8,733
up €8,733 (+19.2%), from €45,393 to €54,127
- Depreciation -€4,138
down €4,138 (-41.9%), from €9,882 to €5,744
- Other operating charges +€901
up €901 (+315.7%), from €286 to €1,187
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 | €71,464 | €103,676 | +€32,212 | +45.1% |
| Fixed assets | 21/28 | €19,480 | €18,579 | -€900 | -4.6% |
| Tangible fixed assets | 22/27 | €19,480 | €18,579 | -€900 | -4.6% |
| Plant, machinery and equipment | 23 | €1,118 | €559 | -€559 | -50.0% |
| Furniture and vehicles | 24 | €6,201 | €8,900 | +€2,699 | +43.5% |
| Other tangible fixed assets | 26 | €12,161 | €9,121 | -€3,040 | -25.0% |
| Current assets | 29/58 | €51,985 | €85,097 | +€33,112 | +63.7% |
| Cash at bank and in hand | 54/58 | €49,885 | €82,997 | +€33,112 | +66.4% |
| Deferred charges and accrued income | 490/1 | €2,100 | €2,100 | = | 0.0% |
| Total equity and liabilities | 10/49 | €71,464 | €103,676 | +€32,212 | +45.1% |
| Equity | 10/15 | €33,164 | €61,044 | +€27,880 | +84.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €32,164 | €60,044 | +€27,880 | +86.7% |
| Distributable reserves | 133 | €32,164 | €60,044 | +€27,880 | +86.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €38,300 | €42,631 | +€4,332 | +11.3% |
| Amounts payable within one year | 42/48 | €38,300 | €42,631 | +€4,332 | +11.3% |
| Trade debts | 44 | €539 | €1,122 | +€583 | +108.1% |
| Suppliers | 440/4 | €539 | €1,122 | +€583 | +108.1% |
| Taxes, remuneration and social security | 45 | €1,650 | €21,516 | +€19,866 | +1204.0% |
| Taxes | 450/3 | €1,650 | €21,516 | +€19,866 | +1204.0% |
| Other amounts payable | 47/48 | €36,111 | €19,993 | -€16,117 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,882 | €5,744 | -€4,138 | -41.9% |
| Other operating charges | 640/8 | €286 | €1,187 | +€901 | +315.7% |
| Gross operating margin | 9900 | €45,393 | €54,127 | +€8,733 | +19.2% |
| Operating profit (loss) | 9901 | €35,225 | €47,196 | +€11,970 | +34.0% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €61 | €64 | +€3 | +4.3% |
| Recurring financial charges | 65 | €61 | €64 | +€3 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €35,164 | €47,135 | +€11,971 | +34.0% |
| Income taxes | 67/77 | - | €19,255 | +€19,255 | |
| Profit (loss) for the period | 9904 | €35,164 | €27,880 | -€7,284 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,164 | €27,880 | -€7,284 | -20.7% |
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 11 October 2026 via checked.be.