INTUITION: 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.
INTUITION
Largest movements
- Cash +€58,839
up €58,839 (+76.2%), from €77,226 to €136,065
mainly Accrued charges and deferred income (+€80,000) and Other debts (+€60,145)
- Receivables within one year +€51,448
up €51,448 (+336%), from €15,305 to €66,753
of which Other amounts receivable: +€51,577
- Deferred charges and accrued income +€30,567
up €30,567 (+1,568%), from €1,949 to €32,517
- Stocks and contracts -€11,919
down €11,919 (-33.7%), from €35,419 to €23,500
- Tangible fixed assets -€7,734
down €7,734 (-31.8%), from €24,293 to €16,558
of which Furniture and vehicles: -€4,797
- Accrued charges and deferred income +€80,000
new in 2025: €80,000
- Other debts +€60,145
new in 2025: €60,145
- Reserves -€57,024
down €57,024 (-50.0%), from €114,047 to €57,023
- Tax, wage and social debts +€28,031
up €28,031 (+1,074%), from €2,609 to €30,640
- Gross operating margin -€22,258
down €22,258 (-52.6%), from €42,321 to €20,063
- Taxes -€6,540
down €6,540 (-68.1%), from €9,609 to €3,069
- Financial income +€1,330
up €1,330 (+442%), from €301 to €1,631
- Write-downs +€877
up €877 (+23.6%), from €3,722 to €4,599
- Other operating charges -€562
down €562 (-14.0%), from €4,017 to €3,456
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 | €163,522 | €276,883 | +€113,361 | +69.3% |
| Fixed assets | 21/28 | €33,623 | €18,048 | -€15,575 | -46.3% |
| Intangible fixed assets | 21 | €486 | - | -€486 | |
| Tangible fixed assets | 22/27 | €24,293 | €16,558 | -€7,734 | -31.8% |
| Plant, machinery and equipment | 23 | €2,193 | €1,826 | -€367 | -16.7% |
| Furniture and vehicles | 24 | €19,529 | €14,732 | -€4,797 | -24.6% |
| Other tangible fixed assets | 26 | €2,570 | - | -€2,570 | |
| Financial fixed assets | 28 | €8,845 | €1,490 | -€7,355 | -83.2% |
| Current assets | 29/58 | €129,899 | €258,834 | +€128,936 | +99.3% |
| Stocks and contracts in progress | 3 | €35,419 | €23,500 | -€11,919 | -33.7% |
| Stocks | 30/36 | €35,419 | €23,500 | -€11,919 | -33.7% |
| Amounts receivable within one year | 40/41 | €15,305 | €66,753 | +€51,448 | +336% |
| Trade receivables | 40 | €129 | - | -€129 | |
| Other amounts receivable | 41 | €15,176 | €66,753 | +€51,577 | +340% |
| Cash at bank and in hand | 54/58 | €77,226 | €136,065 | +€58,839 | +76.2% |
| Deferred charges and accrued income | 490/1 | €1,949 | €32,517 | +€30,567 | +1,568% |
| Total equity and liabilities | 10/49 | €163,522 | €276,883 | +€113,361 | +69.3% |
| Equity | 10/15 | €160,224 | €103,200 | -€57,024 | -35.6% |
| Contributions | 10/11 | €46,177 | €46,177 | = | 0.0% |
| Reserves | 13 | €114,047 | €57,023 | -€57,024 | -50.0% |
| Distributable reserves | 133 | €114,047 | €57,023 | -€57,024 | -50.0% |
| Amounts payable | 17/49 | €3,298 | €173,683 | +€170,385 | +5,166% |
| Amounts payable within one year | 42/48 | €3,298 | €93,683 | +€90,385 | +2,740% |
| Trade debts | 44 | €689 | €2,898 | +€2,209 | +321% |
| Suppliers | 440/4 | €689 | €2,898 | +€2,209 | +321% |
| Taxes, remuneration and social security | 45 | €2,609 | €30,640 | +€28,031 | +1,074% |
| Taxes | 450/3 | €2,609 | €30,640 | +€28,031 | +1,074% |
| Other amounts payable | 47/48 | - | €60,145 | +€60,145 | |
| Accrued charges and deferred income | 492/3 | - | €80,000 | +€80,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,679 | €6,289 | -€390 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,722 | €4,599 | +€877 | +23.6% |
| Other operating charges | 640/8 | €4,017 | €3,456 | -€562 | -14.0% |
| Gross operating margin | 9900 | €42,321 | €20,063 | -€22,258 | -52.6% |
| Operating profit (loss) | 9901 | €27,902 | €5,719 | -€22,184 | -79.5% |
| Financial income | 75/76B | €301 | €1,631 | +€1,330 | +442% |
| Recurring financial income | 75 | €301 | €1,631 | +€1,330 | +442% |
| Financial charges | 65/66B | €1,142 | €1,160 | +€18 | +1.6% |
| Recurring financial charges | 65 | €1,142 | €1,160 | +€18 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €27,061 | €6,190 | -€20,871 | -77.1% |
| Income taxes | 67/77 | €9,609 | €3,069 | -€6,540 | -68.1% |
| Profit (loss) for the period | 9904 | €17,452 | €3,121 | -€14,331 | -82.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,452 | €3,121 | -€14,331 | -82.1% |
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 17 October 2026 via checked.be.