Inset: 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.
Inset
Largest movements
- Receivables within one year +€16,387
up €16,387 (+61.1%), from €26,800 to €43,187
of which Trade receivables: +€11,244
- Cash +€11,230
up €11,230 (+164.7%), from €6,819 to €18,049
mainly Other debts (+€37,100) and Net result for the year (+€25,387)
- Tangible fixed assets +€4,529
up €4,529 (+181.9%), from €2,490 to €7,019
- Deferred charges and accrued income +€958
up €958 (+2281.7%), from €42 to €1,000
- Contributions -€37,100
no longer reported in 2025 (was €37,100)
- Other debts +€37,100
new in 2025: €37,100
- Profit (loss) carried forward +€17,238
no longer reported in 2025 (was -€17,238)
- Reserves +€8,149
up €8,149 (+219.7%), from €3,710 to €11,859
- Tax, wage and social debts +€5,800
up €5,800 (+46.1%), from €12,578 to €18,379
- Gross operating margin +€6,499
up €6,499 (+18.4%), from €35,239 to €41,738
- Taxes +€4,172
up €4,172 (+43.9%), from €9,506 to €13,677
- Depreciation +€1,285
up €1,285 (+72.7%), from €1,769 to €3,054
- Financial income +€940
up €940 (+260.5%), from €361 to €1,301
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 | €36,151 | €69,255 | +€33,105 | +91.6% |
| Fixed assets | 21/28 | €2,490 | €7,019 | +€4,529 | +181.9% |
| Tangible fixed assets | 22/27 | €2,490 | €7,019 | +€4,529 | +181.9% |
| Furniture and vehicles | 24 | €2,490 | €7,019 | +€4,529 | +181.9% |
| Current assets | 29/58 | €33,661 | €62,236 | +€28,576 | +84.9% |
| Amounts receivable within one year | 40/41 | €26,800 | €43,187 | +€16,387 | +61.1% |
| Trade receivables | 40 | - | €11,244 | +€11,244 | |
| Other amounts receivable | 41 | €26,800 | €31,943 | +€5,143 | +19.2% |
| Cash at bank and in hand | 54/58 | €6,819 | €18,049 | +€11,230 | +164.7% |
| Deferred charges and accrued income | 490/1 | €42 | €1,000 | +€958 | +2281.7% |
| Total equity and liabilities | 10/49 | €36,151 | €69,255 | +€33,105 | +91.6% |
| Equity | 10/15 | €23,572 | €11,859 | -€11,713 | -49.7% |
| Contributions | 10/11 | €37,100 | - | -€37,100 | |
| Reserves | 13 | €3,710 | €11,859 | +€8,149 | +219.7% |
| Distributable reserves | 133 | €3,710 | €11,859 | +€8,149 | +219.7% |
| Profit (loss) carried forward | 14 | -€17,238 | - | +€17,238 | |
| Amounts payable | 17/49 | €12,578 | €57,396 | +€44,818 | +356.3% |
| Amounts payable within one year | 42/48 | €12,578 | €56,796 | +€44,218 | +351.5% |
| Trade debts | 44 | - | €1,317 | +€1,317 | |
| Suppliers | 440/4 | - | €1,317 | +€1,317 | |
| Taxes, remuneration and social security | 45 | €12,578 | €18,379 | +€5,800 | +46.1% |
| Taxes | 450/3 | €12,578 | €18,379 | +€5,800 | +46.1% |
| Other amounts payable | 47/48 | - | €37,100 | +€37,100 | |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €3,054 | +€1,285 | +72.7% |
| Other operating charges | 640/8 | €592 | €666 | +€74 | +12.6% |
| Gross operating margin | 9900 | €35,239 | €41,738 | +€6,499 | +18.4% |
| Operating profit (loss) | 9901 | €32,879 | €38,018 | +€5,139 | +15.6% |
| Financial income | 75/76B | €361 | €1,301 | +€940 | +260.5% |
| Recurring financial income | 75 | €361 | €1,301 | +€940 | +260.5% |
| Financial charges | 65/66B | €357 | €254 | -€103 | -28.8% |
| Recurring financial charges | 65 | €357 | €254 | -€103 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €32,883 | €39,065 | +€6,182 | +18.8% |
| Income taxes | 67/77 | €9,506 | €13,677 | +€4,172 | +43.9% |
| Profit (loss) for the period | 9904 | €23,377 | €25,387 | +€2,010 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,377 | €25,387 | +€2,010 | +8.6% |
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 8 October 2026 via checked.be.