Ines Simon: 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.
Ines Simon
Largest movements
- Cash +€21,694
up €21,694 (+111.1%), from €19,533 to €41,227
mainly Net result for the year (+€21,474) and Trade debts (+€5,599)
- Receivables within one year +€8,846
up €8,846 (+167.0%), from €5,295 to €14,141
of which Trade receivables: +€9,248
- Tangible fixed assets -€2,893
down €2,893 (-28.2%), from €10,259 to €7,366
of which Furniture and vehicles: -€2,003
- Deferred charges and accrued income +€726
up €726 (+32.0%), from €2,272 to €2,998
- Profit (loss) carried forward +€21,474
new in 2025: €21,474
- Trade debts +€5,599
up €5,599 (+1202.3%), from €466 to €6,065
- Other debts +€3,842
up €3,842, from €0 to €3,842
- Tax, wage and social debts -€2,543
down €2,543 (-42.0%), from €6,059 to €3,516
of which Taxes: -€2,561
- Gross operating margin +€11,865
up €11,865 (+56.5%), from €21,009 to €32,875
- Taxes +€1,523
up €1,523 (+29.4%), from €5,184 to €6,707
- Other operating charges -€1,012
down €1,012 (-42.2%), from €2,400 to €1,388
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 | €37,360 | €65,733 | +€28,372 | +75.9% |
| Fixed assets | 21/28 | €10,260 | €7,367 | -€2,893 | -28.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,259 | €7,366 | -€2,893 | -28.2% |
| Land and buildings | 22 | €4,769 | €4,239 | -€530 | -11.1% |
| Plant, machinery and equipment | 23 | €1,439 | €1,079 | -€360 | -25.0% |
| Furniture and vehicles | 24 | €4,051 | €2,048 | -€2,003 | -49.4% |
| Current assets | 29/58 | €27,100 | €58,366 | +€31,266 | +115.4% |
| Amounts receivable within one year | 40/41 | €5,295 | €14,141 | +€8,846 | +167.0% |
| Trade receivables | 40 | €2,081 | €11,329 | +€9,248 | +444.3% |
| Other amounts receivable | 41 | €3,214 | €2,812 | -€402 | -12.5% |
| Cash at bank and in hand | 54/58 | €19,533 | €41,227 | +€21,694 | +111.1% |
| Deferred charges and accrued income | 490/1 | €2,272 | €2,998 | +€726 | +32.0% |
| Total equity and liabilities | 10/49 | €37,360 | €65,733 | +€28,372 | +75.9% |
| Equity | 10/15 | €30,836 | €52,310 | +€21,474 | +69.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,836 | €27,836 | = | 0.0% |
| Distributable reserves | 133 | €27,836 | €27,836 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €21,474 | +€21,474 | |
| Amounts payable | 17/49 | €6,524 | €13,422 | +€6,898 | +105.7% |
| Amounts payable within one year | 42/48 | €6,524 | €13,422 | +€6,898 | +105.7% |
| Trade debts | 44 | €466 | €6,065 | +€5,599 | +1202.3% |
| Suppliers | 440/4 | €466 | €6,065 | +€5,599 | +1202.3% |
| Taxes, remuneration and social security | 45 | €6,059 | €3,516 | -€2,543 | -42.0% |
| Taxes | 450/3 | €3,173 | €613 | -€2,561 | -80.7% |
| Remuneration and social security | 454/9 | €2,885 | €2,903 | +€18 | +0.6% |
| Other amounts payable | 47/48 | €0 | €3,842 | +€3,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,844 | €2,893 | +€49 | +1.7% |
| Other operating charges | 640/8 | €2,400 | €1,388 | -€1,012 | -42.2% |
| Gross operating margin | 9900 | €21,009 | €32,875 | +€11,865 | +56.5% |
| Operating profit (loss) | 9901 | €15,765 | €28,593 | +€12,828 | +81.4% |
| Financial income | 75/76B | €0 | €3 | +€3 | +30100.0% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +30100.0% |
| Financial charges | 65/66B | €157 | €415 | +€258 | +164.7% |
| Recurring financial charges | 65 | €157 | €415 | +€258 | +164.7% |
| Profit (loss) for the period before taxes | 9903 | €15,609 | €28,182 | +€12,573 | +80.6% |
| Income taxes | 67/77 | €5,184 | €6,707 | +€1,523 | +29.4% |
| Profit (loss) for the period | 9904 | €10,424 | €21,474 | +€11,050 | +106.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,424 | €21,474 | +€11,050 | +106.0% |
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 12 October 2026 via checked.be.