In Motion: 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.
In Motion
Largest movements
- Cash +€121,492
up €121,492 (+167.0%), from €72,757 to €194,249
mainly Net result for the year (+€134,561) and Receivables within one year (+€3,186)
- Tangible fixed assets +€16,382
up €16,382 (+354.9%), from €4,616 to €20,998
- Receivables within one year -€3,186
down €3,186 (-7.7%), from €41,252 to €38,065
- Reserves +€134,561
up €134,561 (+136.2%), from €98,831 to €233,392
- Gross operating margin +€68,992
up €68,992 (+63.4%), from €108,875 to €177,867
- Taxes +€16,117
up €16,117 (+68.0%), from €23,696 to €39,813
- Depreciation -€2,225
down €2,225 (-42.1%), from €5,291 to €3,066
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 | €126,809 | €261,620 | +€134,811 | +106.3% |
| Fixed assets | 21/28 | €4,616 | €20,998 | +€16,382 | +354.9% |
| Tangible fixed assets | 22/27 | €4,616 | €20,998 | +€16,382 | +354.9% |
| Furniture and vehicles | 24 | €4,616 | €20,998 | +€16,382 | +354.9% |
| Current assets | 29/58 | €122,193 | €240,622 | +€118,429 | +96.9% |
| Amounts receivable within one year | 40/41 | €41,252 | €38,065 | -€3,186 | -7.7% |
| Trade receivables | 40 | €41,252 | €38,065 | -€3,186 | -7.7% |
| Cash at bank and in hand | 54/58 | €72,757 | €194,249 | +€121,492 | +167.0% |
| Deferred charges and accrued income | 490/1 | €8,184 | €8,307 | +€122 | +1.5% |
| Total equity and liabilities | 10/49 | €126,809 | €261,620 | +€134,811 | +106.3% |
| Equity | 10/15 | €98,832 | €233,393 | +€134,561 | +136.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €98,831 | €233,392 | +€134,561 | +136.2% |
| Distributable reserves | 133 | €98,831 | €233,392 | +€134,561 | +136.2% |
| Amounts payable | 17/49 | €27,977 | €28,227 | +€250 | +0.9% |
| Amounts payable within one year | 42/48 | €27,977 | €28,227 | +€250 | +0.9% |
| Trade debts | 44 | €1,791 | €783 | -€1,008 | -56.3% |
| Suppliers | 440/4 | €1,791 | €783 | -€1,008 | -56.3% |
| Taxes, remuneration and social security | 45 | €13,696 | €13,646 | -€50 | -0.4% |
| Taxes | 450/3 | €13,696 | €13,646 | -€50 | -0.4% |
| Other amounts payable | 47/48 | €12,490 | €13,798 | +€1,308 | +10.5% |
| Non-recurring operating income | 76A | - | €2,749 | +€2,749 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,291 | €3,066 | -€2,225 | -42.1% |
| Other operating charges | 640/8 | €852 | €1,512 | +€660 | +77.5% |
| Gross operating margin | 9900 | €108,875 | €177,867 | +€68,992 | +63.4% |
| Operating profit (loss) | 9901 | €102,732 | €173,289 | +€70,557 | +68.7% |
| Financial income | 75/76B | €206 | €1,155 | +€949 | +461.2% |
| Recurring financial income | 75 | €206 | €1,155 | +€949 | +461.2% |
| Financial charges | 65/66B | €245 | €70 | -€175 | -71.4% |
| Recurring financial charges | 65 | €245 | €70 | -€175 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | €102,693 | €174,374 | +€71,681 | +69.8% |
| Income taxes | 67/77 | €23,696 | €39,813 | +€16,117 | +68.0% |
| Profit (loss) for the period | 9904 | €78,996 | €134,561 | +€55,565 | +70.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,996 | €134,561 | +€55,565 | +70.3% |
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 6 October 2026 via checked.be.