INCREMENTALISM: 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.
INCREMENTALISM
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€41,245
up €41,245 (+235.6%), from €17,507 to €58,751
mainly Current investments (+€100,000) and Net result for the year (+€52,120)
- Receivables within one year +€14,137
up €14,137, from €0 to €14,137
of which Trade receivables: +€12,100
- Reserves -€83,835
down €83,835 (-100.0%), from €83,835 to €0
- Other debts +€52,108
up €52,108 (+449985.4%), from €12 to €52,120
- Tax, wage and social debts -€12,957
down €12,957 (-46.1%), from €28,102 to €15,146
- Gross operating margin +€19,547
up €19,547 (+41.5%), from €47,083 to €66,630
- Taxes +€4,085
up €4,085 (+43.1%), from €9,483 to €13,569
- Financial income +€715
up €715 (+108.1%), from €662 to €1,376
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 | €118,386 | €73,704 | -€44,682 | -37.7% |
| Fixed assets | 21/28 | €565 | €79 | -€486 | -86.1% |
| Tangible fixed assets | 22/27 | €565 | €79 | -€486 | -86.1% |
| Furniture and vehicles | 24 | €565 | €79 | -€486 | -86.1% |
| Current assets | 29/58 | €117,821 | €73,625 | -€44,196 | -37.5% |
| Amounts receivable within one year | 40/41 | €0 | €14,137 | +€14,137 | |
| Trade receivables | 40 | €0 | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | - | €2,037 | +€2,037 | |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €17,507 | €58,751 | +€41,245 | +235.6% |
| Deferred charges and accrued income | 490/1 | €314 | €737 | +€423 | +134.5% |
| Total equity and liabilities | 10/49 | €118,386 | €73,704 | -€44,682 | -37.7% |
| Equity | 10/15 | €88,835 | €5,000 | -€83,835 | -94.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €83,835 | €0 | -€83,835 | -100.0% |
| Distributable reserves | 133 | €83,835 | €0 | -€83,835 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,551 | €68,704 | +€39,153 | +132.5% |
| Amounts payable within one year | 42/48 | €29,551 | €68,704 | +€39,153 | +132.5% |
| Trade debts | 44 | €1,437 | €1,438 | +€1 | +0.1% |
| Suppliers | 440/4 | €1,437 | €1,438 | +€1 | +0.1% |
| Taxes, remuneration and social security | 45 | €28,102 | €15,146 | -€12,957 | -46.1% |
| Taxes | 450/3 | €28,102 | €15,146 | -€12,957 | -46.1% |
| Other amounts payable | 47/48 | €12 | €52,120 | +€52,108 | +449985.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €486 | = | 0.0% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €47,083 | €66,630 | +€19,547 | +41.5% |
| Operating profit (loss) | 9901 | €46,083 | €65,616 | +€19,533 | +42.4% |
| Financial income | 75/76B | €662 | €1,376 | +€715 | +108.1% |
| Recurring financial income | 75 | €662 | €1,376 | +€715 | +108.1% |
| Financial charges | 65/66B | €1,517 | €1,304 | -€213 | -14.1% |
| Recurring financial charges | 65 | €1,517 | €1,304 | -€213 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €45,228 | €65,688 | +€20,461 | +45.2% |
| Income taxes | 67/77 | €9,483 | €13,569 | +€4,085 | +43.1% |
| Profit (loss) for the period | 9904 | €35,744 | €52,120 | +€16,376 | +45.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,744 | €52,120 | +€16,376 | +45.8% |
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 4 October 2026 via checked.be.