Incognita: 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.
Incognita
Largest movements
- Cash +€68,229
up €68,229 (+57.9%), from €117,770 to €185,998
mainly Net result for the year (+€70,270) and Trade debts (+€14,396)
- Receivables within one year +€17,297
up €17,297 (+175%), from €9,857 to €27,153
of which Trade receivables: +€17,934
- Profit (loss) carried forward +€70,270
up €70,270 (+56.9%), from €123,552 to €193,822
- Trade debts +€14,396
up €14,396 (+14,541%), from €99 to €14,495
- Gross operating margin +€18,422
up €18,422 (+25.2%), from €73,063 to €91,485
- Taxes +€3,576
up €3,576 (+24.1%), from €14,831 to €18,408
- Financial charges +€1,155
up €1,155 (+2,959%), from €39 to €1,195
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 | €129,634 | €213,547 | +€83,913 | +64.7% |
| Fixed assets | 21/28 | €2,008 | €395 | -€1,613 | -80.3% |
| Tangible fixed assets | 22/27 | €2,008 | €395 | -€1,613 | -80.3% |
| Furniture and vehicles | 24 | €2,008 | €395 | -€1,613 | -80.3% |
| Current assets | 29/58 | €127,626 | €213,152 | +€85,525 | +67.0% |
| Amounts receivable within one year | 40/41 | €9,857 | €27,153 | +€17,297 | +175% |
| Trade receivables | 40 | €8,855 | €26,789 | +€17,934 | +203% |
| Other amounts receivable | 41 | €1,001 | €364 | -€637 | -63.6% |
| Cash at bank and in hand | 54/58 | €117,770 | €185,998 | +€68,229 | +57.9% |
| Total equity and liabilities | 10/49 | €129,634 | €213,547 | +€83,913 | +64.7% |
| Equity | 10/15 | €124,052 | €194,322 | +€70,270 | +56.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,552 | €193,822 | +€70,270 | +56.9% |
| Amounts payable | 17/49 | €5,582 | €19,225 | +€13,643 | +244% |
| Amounts payable within one year | 42/48 | €5,582 | €19,225 | +€13,643 | +244% |
| Trade debts | 44 | €99 | €14,495 | +€14,396 | +14,541% |
| Suppliers | 440/4 | €99 | €14,495 | +€14,396 | +14,541% |
| Other amounts payable | 47/48 | €5,483 | €4,730 | -€753 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,613 | €1,613 | = | 0.0% |
| Gross operating margin | 9900 | €73,063 | €91,485 | +€18,422 | +25.2% |
| Operating profit (loss) | 9901 | €71,451 | €89,872 | +€18,422 | +25.8% |
| Financial charges | 65/66B | €39 | €1,195 | +€1,155 | +2,959% |
| Recurring financial charges | 65 | €39 | €1,195 | +€1,155 | +2,959% |
| Profit (loss) for the period before taxes | 9903 | €71,412 | €88,678 | +€17,266 | +24.2% |
| Income taxes | 67/77 | €14,831 | €18,408 | +€3,576 | +24.1% |
| Profit (loss) for the period | 9904 | €56,580 | €70,270 | +€13,690 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,580 | €70,270 | +€13,690 | +24.2% |
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 24 October 2026 via checked.be.