INEXHAUSTIVE: 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.
INEXHAUSTIVE
Largest movements
- Cash +€11,211
up €11,211 (+152%), from €7,352 to €18,564
mainly Net result for the year (+€9,835) and Depreciation (+€5,771)
- Tangible fixed assets -€5,771
down €5,771 (-32.0%), from €18,032 to €12,260
- Receivables within one year +€2,439
up €2,439 (+82.6%), from €2,952 to €5,391
of which Trade receivables: +€5,324
- Profit (loss) carried forward +€9,835
up €9,835 (+61.3%), from -€16,055 to -€6,220
- Debts after one year -€5,345
down €5,345 (-44.8%), from €11,918 to €6,573
- Other debts +€1,998
up €1,998 (+16.7%), from €11,944 to €13,943
- Tax, wage and social debts +€1,807
new in 2025: €1,807
- Gross operating margin +€36,732
up €36,732, from -€20,018 to €16,714
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 | €28,536 | €36,754 | +€8,219 | +28.8% |
| Fixed assets | 21/28 | €18,232 | €12,460 | -€5,771 | -31.7% |
| Tangible fixed assets | 22/27 | €18,032 | €12,260 | -€5,771 | -32.0% |
| Furniture and vehicles | 24 | €18,032 | €12,260 | -€5,771 | -32.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €10,304 | €24,294 | +€13,990 | +136% |
| Amounts receivable within one year | 40/41 | €2,952 | €5,391 | +€2,439 | +82.6% |
| Trade receivables | 40 | - | €5,324 | +€5,324 | |
| Other amounts receivable | 41 | €2,952 | €67 | -€2,885 | -97.7% |
| Cash at bank and in hand | 54/58 | €7,352 | €18,564 | +€11,211 | +152% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €28,536 | €36,754 | +€8,219 | +28.8% |
| Equity | 10/15 | -€1,055 | €8,780 | +€9,835 | |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,055 | -€6,220 | +€9,835 | +61.3% |
| Amounts payable | 17/49 | €29,590 | €27,974 | -€1,616 | -5.5% |
| Amounts payable after more than one year | 17 | €11,918 | €6,573 | -€5,345 | -44.8% |
| Financial debts | 170/4 | €11,918 | €6,573 | -€5,345 | -44.8% |
| Amounts payable within one year | 42/48 | €17,672 | €21,400 | +€3,728 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €5,091 | €5,345 | +€254 | +5.0% |
| Trade debts | 44 | €637 | €305 | -€331 | -52.0% |
| Suppliers | 440/4 | €637 | €305 | -€331 | -52.0% |
| Taxes, remuneration and social security | 45 | - | €1,807 | +€1,807 | |
| Taxes | 450/3 | - | €1,807 | +€1,807 | |
| Other amounts payable | 47/48 | €11,944 | €13,943 | +€1,998 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,771 | €5,771 | = | 0.0% |
| Gross operating margin | 9900 | -€20,018 | €16,714 | +€36,732 | |
| Operating profit (loss) | 9901 | -€25,790 | €10,943 | +€36,732 | |
| Financial income | 75/76B | €36 | €6 | -€30 | -83.3% |
| Recurring financial income | 75 | €36 | €6 | -€30 | -83.3% |
| Financial charges | 65/66B | €986 | €922 | -€65 | -6.6% |
| Recurring financial charges | 65 | €986 | €922 | -€65 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€26,740 | €10,027 | +€36,767 | |
| Income taxes | 67/77 | - | €192 | +€192 | |
| Profit (loss) for the period | 9904 | -€26,740 | €9,835 | +€36,575 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,740 | €9,835 | +€36,575 |
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 29 October 2026 via checked.be.