IN SITE: 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 SITE
Largest movements
- Receivables within one year +€57,039
up €57,039 (+741%), from €7,700 to €64,739
of which Trade receivables: +€56,567
- Cash -€19,343
down €19,343 (-58.0%), from €33,322 to €13,979
mainly Receivables within one year (-€57,039) and Investment in fixed assets (net) (-€4,676)
- Tangible fixed assets +€3,360
up €3,360 (+299%), from €1,122 to €4,482
of which Plant, machinery and equipment: +€3,988
- Reserves +€20,000
up €20,000 (+938%), from €2,132 to €22,132
of which Distributable reserves: +€20,000
- Profit (loss) carried forward +€11,055
up €11,055 (+61,417%), from €18 to €11,073
- Tax, wage and social debts +€10,472
up €10,472 (+69.0%), from €15,171 to €25,643
of which Taxes: +€10,213
- Trade debts -€1,745
down €1,745 (-73.4%), from €2,378 to €633
- Other debts +€1,274
up €1,274 (+108%), from €1,176 to €2,450
- Gross operating margin +€46,416
up €46,416 (+2,240%), from €2,072 to €48,488
- Taxes +€11,660
up €11,660 (+3,823%), from €305 to €11,965
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.
Derived cash bridge
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 | €42,194 | €83,250 | +€41,056 | +97.3% |
| Fixed assets | 21/28 | €1,172 | €4,532 | +€3,360 | +287% |
| Tangible fixed assets | 22/27 | €1,122 | €4,482 | +€3,360 | +299% |
| Plant, machinery and equipment | 23 | - | €3,988 | +€3,988 | |
| Furniture and vehicles | 24 | €1,122 | €494 | -€628 | -56.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €41,022 | €78,718 | +€37,696 | +91.9% |
| Amounts receivable within one year | 40/41 | €7,700 | €64,739 | +€57,039 | +741% |
| Trade receivables | 40 | - | €56,567 | +€56,567 | |
| Other amounts receivable | 41 | €7,700 | €8,172 | +€472 | +6.1% |
| Cash at bank and in hand | 54/58 | €33,322 | €13,979 | -€19,343 | -58.0% |
| Total equity and liabilities | 10/49 | €42,194 | €83,250 | +€41,056 | +97.3% |
| Equity | 10/15 | €23,469 | €54,524 | +€31,055 | +132% |
| Contributions | 10/11 | €21,319 | €21,319 | = | 0.0% |
| Reserves | 13 | €2,132 | €22,132 | +€20,000 | +938% |
| Non-distributable reserves | 130/1 | €2,132 | €2,132 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,132 | €2,132 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €18 | €11,073 | +€11,055 | +61,417% |
| Amounts payable | 17/49 | €18,725 | €28,726 | +€10,001 | +53.4% |
| Amounts payable within one year | 42/48 | €18,725 | €28,726 | +€10,001 | +53.4% |
| Trade debts | 44 | €2,378 | €633 | -€1,745 | -73.4% |
| Suppliers | 440/4 | €2,378 | €633 | -€1,745 | -73.4% |
| Taxes, remuneration and social security | 45 | €15,171 | €25,643 | +€10,472 | +69.0% |
| Taxes | 450/3 | €15,171 | €25,384 | +€10,213 | +67.3% |
| Remuneration and social security | 454/9 | - | €259 | +€259 | |
| Other amounts payable | 47/48 | €1,176 | €2,450 | +€1,274 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €1,316 | +€17 | +1.3% |
| Other operating charges | 640/8 | €417 | €408 | -€9 | -2.2% |
| Gross operating margin | 9900 | €2,072 | €48,488 | +€46,416 | +2,240% |
| Operating profit (loss) | 9901 | €356 | €46,764 | +€46,408 | +13,036% |
| Financial income | 75/76B | €185 | €226 | +€41 | +22.2% |
| Recurring financial income | 75 | €185 | €226 | +€41 | +22.2% |
| Financial charges | 65/66B | €425 | €470 | +€45 | +10.6% |
| Recurring financial charges | 65 | €425 | €470 | +€45 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €116 | €46,520 | +€46,404 | +40,003% |
| Income taxes | 67/77 | €305 | €11,965 | +€11,660 | +3,823% |
| Profit (loss) for the period | 9904 | -€189 | €34,555 | +€34,744 | |
| Profit (loss) for the period to be appropriated | 9905 | -€189 | €34,555 | +€34,744 |
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 25 October 2026 via checked.be.