INQUIRED: 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.
INQUIRED
Largest movements
- Receivables within one year -€12,629
down €12,629 (-8.9%), from €141,738 to €129,109
- Debts after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Trade debts +€42,318
up €42,318 (+36.7%), from €115,153 to €157,470
- Reserves +€11,164
up €11,164 (+33.5%), from €33,287 to €44,451
- Tax, wage and social debts -€10,145
down €10,145 (-23.7%), from €42,893 to €32,748
of which Taxes: -€7,378
- Accrued charges and deferred income -€4,436
down €4,436 (-99.7%), from €4,450 to €14
- Staff costs +€14,058
up €14,058 (+5.8%), from €243,712 to €257,771
- Gross operating margin -€9,355
down €9,355 (-3.2%), from €291,860 to €282,505
- Taxes -€6,053
down €6,053 (-55.5%), from €10,912 to €4,859
- Financial charges +€3,208
up €3,208 (+152%), from €2,117 to €5,326
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 | €285,783 | €274,683 | -€11,099 | -3.9% |
| Fixed assets | 21/28 | €6,891 | €4,874 | -€2,017 | -29.3% |
| Tangible fixed assets | 22/27 | €6,891 | €4,874 | -€2,017 | -29.3% |
| Plant, machinery and equipment | 23 | €6,891 | €4,553 | -€2,338 | -33.9% |
| Furniture and vehicles | 24 | - | €322 | +€322 | |
| Current assets | 29/58 | €278,892 | €269,809 | -€9,083 | -3.3% |
| Amounts receivable within one year | 40/41 | €141,738 | €129,109 | -€12,629 | -8.9% |
| Trade receivables | 40 | €141,738 | €129,109 | -€12,629 | -8.9% |
| Cash at bank and in hand | 54/58 | €137,154 | €139,959 | +€2,805 | +2.0% |
| Deferred charges and accrued income | 490/1 | - | €741 | +€741 | |
| Total equity and liabilities | 10/49 | €285,783 | €274,683 | -€11,099 | -3.9% |
| Equity | 10/15 | €73,287 | €84,451 | +€11,164 | +15.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €33,287 | €44,451 | +€11,164 | +33.5% |
| Distributable reserves | 133 | €33,287 | €44,451 | +€11,164 | +33.5% |
| Amounts payable | 17/49 | €212,496 | €190,232 | -€22,263 | -10.5% |
| Amounts payable after more than one year | 17 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts payable | 178/9 | €50,000 | €0 | -€50,000 | -100% |
| Amounts payable within one year | 42/48 | €158,046 | €190,218 | +€32,172 | +20.4% |
| Trade debts | 44 | €115,153 | €157,470 | +€42,318 | +36.7% |
| Suppliers | 440/4 | €115,153 | €157,470 | +€42,318 | +36.7% |
| Taxes, remuneration and social security | 45 | €42,893 | €32,748 | -€10,145 | -23.7% |
| Taxes | 450/3 | €17,479 | €10,101 | -€7,378 | -42.2% |
| Remuneration and social security | 454/9 | €25,414 | €22,647 | -€2,767 | -10.9% |
| Accrued charges and deferred income | 492/3 | €4,450 | €14 | -€4,436 | -99.7% |
| Remuneration, social security and pensions | 62 | €243,712 | €257,771 | +€14,058 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,654 | €2,785 | +€1,131 | +68.4% |
| Other operating charges | 640/8 | €178 | €600 | +€422 | +237% |
| Gross operating margin | 9900 | €291,860 | €282,505 | -€9,355 | -3.2% |
| Operating profit (loss) | 9901 | €46,316 | €21,349 | -€24,967 | -53.9% |
| Financial charges | 65/66B | €2,117 | €5,326 | +€3,208 | +152% |
| Recurring financial charges | 65 | €2,117 | €5,326 | +€3,208 | +152% |
| Profit (loss) for the period before taxes | 9903 | €44,199 | €16,024 | -€28,176 | -63.7% |
| Income taxes | 67/77 | €10,912 | €4,859 | -€6,053 | -55.5% |
| Profit (loss) for the period | 9904 | €33,287 | €11,164 | -€22,123 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,287 | €11,164 | -€22,123 | -66.5% |
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 16 October 2026 via checked.be.