Isabelle Moens: 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.
Isabelle Moens
Largest movements
- Cash +€16,459
up €16,459 (+78.9%), from €20,850 to €37,309
mainly Net result for the year (+€30,570) and Tax, wage and social debts (+€8,314)
- Receivables within one year +€3,542
up €3,542 (+6.7%), from €52,579 to €56,121
of which Other amounts receivable: +€12,964
- Tangible fixed assets -€2,273
down €2,273 (-23.8%), from €9,540 to €7,267
- Reserves +€30,000
up €30,000 (+75.0%), from €40,000 to €70,000
- Other debts -€20,921
down €20,921 (-96.2%), from €21,754 to €833
- Tax, wage and social debts +€8,314
up €8,314 (+49.8%), from €16,690 to €25,005
- Gross operating margin -€13,408
down €13,408 (-24.3%), from €55,118 to €41,709
- Taxes -€2,558
down €2,558 (-23.1%), from €11,077 to €8,519
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 | €82,970 | €100,698 | +€17,729 | +21.4% |
| Fixed assets | 21/28 | €9,540 | €7,267 | -€2,273 | -23.8% |
| Tangible fixed assets | 22/27 | €9,540 | €7,267 | -€2,273 | -23.8% |
| Furniture and vehicles | 24 | €9,540 | €7,267 | -€2,273 | -23.8% |
| Current assets | 29/58 | €73,429 | €93,431 | +€20,002 | +27.2% |
| Amounts receivable within one year | 40/41 | €52,579 | €56,121 | +€3,542 | +6.7% |
| Trade receivables | 40 | €52,579 | €43,157 | -€9,422 | -17.9% |
| Other amounts receivable | 41 | - | €12,964 | +€12,964 | |
| Cash at bank and in hand | 54/58 | €20,850 | €37,309 | +€16,459 | +78.9% |
| Total equity and liabilities | 10/49 | €82,970 | €100,698 | +€17,729 | +21.4% |
| Equity | 10/15 | €44,160 | €73,898 | +€29,737 | +67.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Distributable reserves | 133 | €40,000 | €70,000 | +€30,000 | +75.0% |
| Profit (loss) carried forward | 14 | €660 | €398 | -€263 | -39.7% |
| Amounts payable | 17/49 | €38,809 | €26,800 | -€12,009 | -30.9% |
| Amounts payable within one year | 42/48 | €38,809 | €26,800 | -€12,009 | -30.9% |
| Trade debts | 44 | €365 | €962 | +€598 | +164% |
| Suppliers | 440/4 | €365 | €962 | +€598 | +164% |
| Taxes, remuneration and social security | 45 | €16,690 | €25,005 | +€8,314 | +49.8% |
| Taxes | 450/3 | €16,690 | €25,005 | +€8,314 | +49.8% |
| Other amounts payable | 47/48 | €21,754 | €833 | -€20,921 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,825 | €2,273 | +€448 | +24.6% |
| Other operating charges | 640/8 | €641 | €261 | -€380 | -59.3% |
| Gross operating margin | 9900 | €55,118 | €41,709 | -€13,408 | -24.3% |
| Operating profit (loss) | 9901 | €52,652 | €39,175 | -€13,477 | -25.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €55 | €86 | +€31 | +55.4% |
| Recurring financial charges | 65 | €55 | €86 | +€31 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €52,597 | €39,090 | -€13,507 | -25.7% |
| Income taxes | 67/77 | €11,077 | €8,519 | -€2,558 | -23.1% |
| Profit (loss) for the period | 9904 | €41,519 | €30,570 | -€10,949 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,519 | €30,570 | -€10,949 | -26.4% |
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 23 October 2026 via checked.be.