Initialize: 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.
Initialize
Largest movements
- Cash +€22,576
up €22,576 (+60.9%), from €37,081 to €59,657
mainly Net result for the year (+€48,546) and Tax, wage and social debts (+€10,272)
- Current investments +€2,500
new in 2025: €2,500
- Deferred charges and accrued income +€1,570
up €1,570 (+14.8%), from €10,591 to €12,161
- Tax, wage and social debts +€10,272
up €10,272 (+85.4%), from €12,030 to €22,302
of which Taxes: +€14,095
- Profit (loss) carried forward +€8,985
up €8,985 (+30.4%), from €29,560 to €38,546
- Other debts +€5,628
up €5,628 (+267.8%), from €2,102 to €7,730
- Trade debts +€1,718
up €1,718 (+1478.7%), from €116 to €1,834
- Gross operating margin +€41,498
up €41,498 (+177.7%), from €23,351 to €64,849
- Taxes +€12,953
up €12,953 (+7750.5%), from €167 to €13,120
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 | €48,593 | €74,783 | +€26,190 | +53.9% |
| Fixed assets | 21/28 | €921 | €465 | -€456 | -49.5% |
| Tangible fixed assets | 22/27 | €646 | €190 | -€456 | -70.6% |
| Furniture and vehicles | 24 | €646 | €190 | -€456 | -70.6% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €47,672 | €74,318 | +€26,646 | +55.9% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €37,081 | €59,657 | +€22,576 | +60.9% |
| Deferred charges and accrued income | 490/1 | €10,591 | €12,161 | +€1,570 | +14.8% |
| Total equity and liabilities | 10/49 | €48,593 | €74,783 | +€26,190 | +53.9% |
| Equity | 10/15 | €33,560 | €42,546 | +€8,985 | +26.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,560 | €38,546 | +€8,985 | +30.4% |
| Amounts payable | 17/49 | €15,033 | €32,237 | +€17,204 | +114.4% |
| Amounts payable within one year | 42/48 | €14,248 | €31,867 | +€17,618 | +123.7% |
| Trade debts | 44 | €116 | €1,834 | +€1,718 | +1478.7% |
| Suppliers | 440/4 | €116 | €1,834 | +€1,718 | +1478.7% |
| Taxes, remuneration and social security | 45 | €12,030 | €22,302 | +€10,272 | +85.4% |
| Taxes | 450/3 | €6,273 | €20,368 | +€14,095 | +224.7% |
| Remuneration and social security | 454/9 | €5,757 | €1,934 | -€3,823 | -66.4% |
| Other amounts payable | 47/48 | €2,102 | €7,730 | +€5,628 | +267.8% |
| Accrued charges and deferred income | 492/3 | €785 | €371 | -€414 | -52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €456 | €456 | = | 0.0% |
| Other operating charges | 640/8 | €1,006 | €1,539 | +€533 | +53.0% |
| Gross operating margin | 9900 | €23,351 | €64,849 | +€41,498 | +177.7% |
| Operating profit (loss) | 9901 | €21,889 | €62,854 | +€40,965 | +187.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €636 | €1,188 | +€552 | +86.8% |
| Recurring financial charges | 65 | €636 | €1,188 | +€552 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | €21,253 | €61,665 | +€40,412 | +190.2% |
| Income taxes | 67/77 | €167 | €13,120 | +€12,953 | +7750.5% |
| Profit (loss) for the period | 9904 | €21,086 | €48,546 | +€27,460 | +130.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,086 | €48,546 | +€27,460 | +130.2% |
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 7 October 2026 via checked.be.