INZICHT: 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.
INZICHT
Largest movements
- Receivables within one year +€12,672
up €12,672 (+748.1%), from €1,694 to €14,366
of which Trade receivables: +€9,946
- Cash -€8,868
down €8,868 (-4.2%), from €213,020 to €204,152
mainly Contributions, distributions and other (-€212,994) and Trade debts (-€24,710)
- Tangible fixed assets -€2,218
down €2,218 (-78.2%), from €2,837 to €619
- Other debts +€27,671
up €27,671 (+14.9%), from €185,429 to €213,100
- Trade debts -€24,710
down €24,710 (-99.1%), from €24,941 to €231
- Gross operating margin +€25,359
up €25,359 (+12.8%), from €198,768 to €224,127
- Taxes -€5,044
down €5,044 (-49.4%), from €10,202 to €5,158
- Financial charges +€2,832
up €2,832 (+1572.0%), from €180 to €3,012
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 | €217,672 | €220,243 | +€2,571 | +1.2% |
| Fixed assets | 21/28 | €2,837 | €619 | -€2,218 | -78.2% |
| Tangible fixed assets | 22/27 | €2,837 | €619 | -€2,218 | -78.2% |
| Furniture and vehicles | 24 | €2,837 | €619 | -€2,218 | -78.2% |
| Current assets | 29/58 | €214,834 | €219,624 | +€4,789 | +2.2% |
| Amounts receivable within one year | 40/41 | €1,694 | €14,366 | +€12,672 | +748.1% |
| Trade receivables | 40 | €1,694 | €11,640 | +€9,946 | +587.1% |
| Other amounts receivable | 41 | €0 | €2,726 | +€2,726 | |
| Cash at bank and in hand | 54/58 | €213,020 | €204,152 | -€8,868 | -4.2% |
| Deferred charges and accrued income | 490/1 | €120 | €1,105 | +€985 | +820.7% |
| Total equity and liabilities | 10/49 | €217,672 | €220,243 | +€2,571 | +1.2% |
| Equity | 10/15 | €4,000 | €4,000 | = | 0.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €213,672 | €216,243 | +€2,571 | +1.2% |
| Amounts payable within one year | 42/48 | €213,672 | €216,243 | +€2,571 | +1.2% |
| Financial debts | 43 | €202 | €342 | +€140 | +69.4% |
| Credit institutions | 430/8 | €202 | €342 | +€140 | +69.4% |
| Trade debts | 44 | €24,941 | €231 | -€24,710 | -99.1% |
| Suppliers | 440/4 | €24,941 | €231 | -€24,710 | -99.1% |
| Taxes, remuneration and social security | 45 | €3,099 | €2,570 | -€530 | -17.1% |
| Taxes | 450/3 | €3,099 | €1,720 | -€1,380 | -44.5% |
| Remuneration and social security | 454/9 | €0 | €850 | +€850 | |
| Other amounts payable | 47/48 | €185,429 | €213,100 | +€27,671 | +14.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,218 | €2,218 | = | 0.0% |
| Other operating charges | 640/8 | €789 | €778 | -€11 | -1.4% |
| Gross operating margin | 9900 | €198,768 | €224,127 | +€25,359 | +12.8% |
| Operating profit (loss) | 9901 | €195,761 | €221,131 | +€25,370 | +13.0% |
| Financial income | 75/76B | €50 | €33 | -€17 | -33.7% |
| Recurring financial income | 75 | €50 | €33 | -€17 | -33.7% |
| Financial charges | 65/66B | €180 | €3,012 | +€2,832 | +1572.0% |
| Recurring financial charges | 65 | €180 | €3,012 | +€2,832 | +1572.0% |
| Profit (loss) for the period before taxes | 9903 | €195,631 | €218,153 | +€22,522 | +11.5% |
| Income taxes | 67/77 | €10,202 | €5,158 | -€5,044 | -49.4% |
| Profit (loss) for the period | 9904 | €185,429 | €212,994 | +€27,565 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €185,429 | €212,994 | +€27,565 | +14.9% |
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 4 October 2026 via checked.be.