INFOMATRIX: 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.
INFOMATRIX
Largest movements
- Cash -€38,404
down €38,404 (-25.1%), from €152,992 to €114,588
mainly Contributions, distributions and other (-€125,909) and Receivables within one year (-€30,579)
- Receivables within one year +€30,579
up €30,579 (+855%), from €3,578 to €34,157
of which Trade receivables: +€28,993
- Reserves -€32,000
no longer reported in 2025 (was €32,000)
- Other debts +€23,528
up €23,528 (+27.1%), from €86,772 to €110,300
- Tax, wage and social debts +€4,168
up €4,168 (+24.1%), from €17,314 to €21,482
of which Taxes: +€6,690
- Trade debts -€2,075
no longer reported in 2025 (was €2,075)
- Gross operating margin +€28,657
up €28,657 (+32.0%), from €89,689 to €118,345
- Taxes +€6,655
up €6,655 (+36.7%), from €18,151 to €24,806
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 | €158,425 | €150,528 | -€7,897 | -5.0% |
| Fixed assets | 21/28 | €1,685 | €1,019 | -€666 | -39.5% |
| Tangible fixed assets | 22/27 | €985 | €469 | -€516 | -52.4% |
| Furniture and vehicles | 24 | €985 | €469 | -€516 | -52.4% |
| Financial fixed assets | 28 | €700 | €550 | -€150 | -21.4% |
| Current assets | 29/58 | €156,740 | €149,509 | -€7,231 | -4.6% |
| Amounts receivable within one year | 40/41 | €3,578 | €34,157 | +€30,579 | +855% |
| Trade receivables | 40 | - | €28,993 | +€28,993 | |
| Other amounts receivable | 41 | €3,578 | €5,164 | +€1,586 | +44.3% |
| Cash at bank and in hand | 54/58 | €152,992 | €114,588 | -€38,404 | -25.1% |
| Deferred charges and accrued income | 490/1 | €170 | €765 | +€594 | +349% |
| Total equity and liabilities | 10/49 | €158,425 | €150,528 | -€7,897 | -5.0% |
| Equity | 10/15 | €52,264 | €18,747 | -€33,517 | -64.1% |
| Contributions | 10/11 | €18,747 | €18,747 | = | 0.0% |
| Reserves | 13 | €32,000 | - | -€32,000 | |
| Distributable reserves | 133 | €32,000 | - | -€32,000 | |
| Profit (loss) carried forward | 14 | €1,517 | - | -€1,517 | |
| Amounts payable | 17/49 | €106,161 | €131,781 | +€25,620 | +24.1% |
| Amounts payable within one year | 42/48 | €106,161 | €131,781 | +€25,620 | +24.1% |
| Trade debts | 44 | €2,075 | - | -€2,075 | |
| Suppliers | 440/4 | €2,075 | - | -€2,075 | |
| Taxes, remuneration and social security | 45 | €17,314 | €21,482 | +€4,168 | +24.1% |
| Taxes | 450/3 | €14,791 | €21,482 | +€6,690 | +45.2% |
| Remuneration and social security | 454/9 | €2,523 | - | -€2,523 | |
| Other amounts payable | 47/48 | €86,772 | €110,300 | +€23,528 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €516 | -€37 | -6.6% |
| Other operating charges | 640/8 | €809 | €1,013 | +€204 | +25.2% |
| Gross operating margin | 9900 | €89,689 | €118,345 | +€28,657 | +32.0% |
| Operating profit (loss) | 9901 | €88,327 | €116,816 | +€28,489 | +32.3% |
| Financial income | 75/76B | €601 | €442 | -€159 | -26.4% |
| Recurring financial income | 75 | €601 | €442 | -€159 | -26.4% |
| Financial charges | 65/66B | €49 | €60 | +€11 | +23.1% |
| Recurring financial charges | 65 | €49 | €60 | +€11 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €88,879 | €117,199 | +€28,319 | +31.9% |
| Income taxes | 67/77 | €18,151 | €24,806 | +€6,655 | +36.7% |
| Profit (loss) for the period | 9904 | €70,728 | €92,392 | +€21,664 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,728 | €92,392 | +€21,664 | +30.6% |
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 27 October 2026 via checked.be.