IN ONE: 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 ONE
Largest movements
- Cash +€93,673
up €93,673 (+52.2%), from €179,420 to €273,093
mainly Other debts (+€86,474) and Net result for the year (+€46,295)
- Receivables within one year +€9,242
up €9,242 (+5.9%), from €156,895 to €166,137
of which Other amounts receivable: +€13,802
- Other debts +€86,474
up €86,474 (+210.4%), from €41,095 to €127,569
- Profit (loss) carried forward -€38,584
no longer reported in 2025 (was €38,584)
- Trade debts +€33,197
up €33,197 (+21.4%), from €155,179 to €188,375
- Tax, wage and social debts +€25,406
up €25,406 (+400.5%), from €6,344 to €31,750
- Accrued charges and deferred income -€10,548
down €10,548 (-10.3%), from €102,376 to €91,828
- Staff costs -€49,143
down €49,143, from €49,062 to -€81
- Depreciation -€9,489
down €9,489 (-81.5%), from €11,639 to €2,149
- Gross operating margin -€7,495
down €7,495 (-10.3%), from €73,028 to €65,533
- Taxes +€4,729
up €4,729 (+35.4%), from €13,368 to €18,097
- Financial income +€983
up €983 (+1758.8%), from €56 to €1,039
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 | €348,577 | €444,522 | +€95,944 | +27.5% |
| Fixed assets | 21/28 | €11,092 | €5,136 | -€5,957 | -53.7% |
| Tangible fixed assets | 22/27 | €8,587 | €4,641 | -€3,947 | -46.0% |
| Furniture and vehicles | 24 | €8,587 | €4,641 | -€3,947 | -46.0% |
| Financial fixed assets | 28 | €2,505 | €495 | -€2,010 | -80.2% |
| Current assets | 29/58 | €337,485 | €439,386 | +€101,901 | +30.2% |
| Amounts receivable within one year | 40/41 | €156,895 | €166,137 | +€9,242 | +5.9% |
| Trade receivables | 40 | €150,671 | €146,111 | -€4,560 | -3.0% |
| Other amounts receivable | 41 | €6,224 | €20,026 | +€13,802 | +221.7% |
| Cash at bank and in hand | 54/58 | €179,420 | €273,093 | +€93,673 | +52.2% |
| Deferred charges and accrued income | 490/1 | €1,170 | €156 | -€1,014 | -86.7% |
| Total equity and liabilities | 10/49 | €348,577 | €444,522 | +€95,944 | +27.5% |
| Equity | 10/15 | €43,584 | €5,000 | -€38,584 | -88.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,584 | - | -€38,584 | |
| Amounts payable | 17/49 | €304,993 | €439,522 | +€134,528 | +44.1% |
| Amounts payable within one year | 42/48 | €202,617 | €347,694 | +€145,076 | +71.6% |
| Trade debts | 44 | €155,179 | €188,375 | +€33,197 | +21.4% |
| Suppliers | 440/4 | €155,179 | €188,375 | +€33,197 | +21.4% |
| Taxes, remuneration and social security | 45 | €6,344 | €31,750 | +€25,406 | +400.5% |
| Taxes | 450/3 | €6,344 | €31,750 | +€25,406 | +400.5% |
| Other amounts payable | 47/48 | €41,095 | €127,569 | +€86,474 | +210.4% |
| Accrued charges and deferred income | 492/3 | €102,376 | €91,828 | -€10,548 | -10.3% |
| Non-recurring operating income | 76A | - | €17,586 | +€17,586 | |
| Remuneration, social security and pensions | 62 | €49,062 | -€81 | -€49,143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,639 | €2,149 | -€9,489 | -81.5% |
| Other operating charges | 640/8 | €375 | €28 | -€346 | -92.4% |
| Gross operating margin | 9900 | €73,028 | €65,533 | -€7,495 | -10.3% |
| Operating profit (loss) | 9901 | €11,953 | €63,436 | +€51,484 | +430.7% |
| Financial income | 75/76B | €56 | €1,039 | +€983 | +1758.8% |
| Recurring financial income | 75 | €56 | €1,039 | +€983 | +1758.8% |
| Financial charges | 65/66B | €162 | €83 | -€80 | -49.2% |
| Recurring financial charges | 65 | €162 | €83 | -€80 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €11,846 | €64,392 | +€52,546 | +443.6% |
| Income taxes | 67/77 | €13,368 | €18,097 | +€4,729 | +35.4% |
| Profit (loss) for the period | 9904 | -€1,522 | €46,295 | +€47,817 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,522 | €46,295 | +€47,817 |
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.