IT’S A BOY: 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.
IT’S A BOY
Largest movements
- Receivables within one year -€16,239
down €16,239 (-17.5%), from €92,869 to €76,629
of which Trade receivables: -€36,734
- Deferred charges and accrued income +€11,835
new in 2025: €11,835
- Cash +€6,003
up €6,003 (+65.1%), from €9,220 to €15,223
mainly Receivables within one year (+€16,239) and Net result for the year (+€12,385)
- Profit (loss) carried forward +€12,385
up €12,385 (+48.1%), from €25,774 to €38,160
- Trade debts -€12,076
down €12,076 (-29.0%), from €41,711 to €29,636
- Tax, wage and social debts +€9,307
up €9,307 (+64.3%), from €14,468 to €23,775
of which Taxes: +€5,747
- Debts after one year -€5,051
down €5,051 (-91.8%), from €5,500 to €449
- Other debts -€3,360
no longer reported in 2025 (was €3,360)
- Gross operating margin -€13,707
down €13,707 (-33.7%), from €40,631 to €26,925
- Other operating charges +€2,705
up €2,705 (+72.4%), from €3,737 to €6,442
- Financial charges +€928
up €928 (+76.1%), from €1,219 to €2,147
of which Financial charges: +€664
- Financial income +€647
up €647 (+128%), from €507 to €1,153
of which Non-recurring financial income: +€418
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 | €103,623 | €105,319 | +€1,696 | +1.6% |
| Fixed assets | 21/28 | €1,535 | €1,632 | +€97 | +6.3% |
| Tangible fixed assets | 22/27 | €1,535 | €1,632 | +€97 | +6.3% |
| Plant, machinery and equipment | 23 | - | €1,632 | +€1,632 | |
| Furniture and vehicles | 24 | €1,535 | - | -€1,535 | |
| Current assets | 29/58 | €102,088 | €103,687 | +€1,599 | +1.6% |
| Amounts receivable within one year | 40/41 | €92,869 | €76,629 | -€16,239 | -17.5% |
| Trade receivables | 40 | €78,127 | €41,393 | -€36,734 | -47.0% |
| Other amounts receivable | 41 | €14,742 | €35,236 | +€20,494 | +139% |
| Cash at bank and in hand | 54/58 | €9,220 | €15,223 | +€6,003 | +65.1% |
| Deferred charges and accrued income | 490/1 | - | €11,835 | +€11,835 | |
| Total equity and liabilities | 10/49 | €103,623 | €105,319 | +€1,696 | +1.6% |
| Equity | 10/15 | €33,834 | €46,220 | +€12,385 | +36.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,774 | €38,160 | +€12,385 | +48.1% |
| Amounts payable | 17/49 | €69,789 | €59,099 | -€10,689 | -15.3% |
| Amounts payable after more than one year | 17 | €5,500 | €449 | -€5,051 | -91.8% |
| Financial debts | 170/4 | €5,500 | €449 | -€5,051 | -91.8% |
| Amounts payable within one year | 42/48 | €64,289 | €58,650 | -€5,639 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €4,750 | €5,240 | +€490 | +10.3% |
| Trade debts | 44 | €41,711 | €29,636 | -€12,076 | -29.0% |
| Suppliers | 440/4 | €41,711 | €29,636 | -€12,076 | -29.0% |
| Taxes, remuneration and social security | 45 | €14,468 | €23,775 | +€9,307 | +64.3% |
| Taxes | 450/3 | €14,468 | €20,215 | +€5,747 | +39.7% |
| Remuneration and social security | 454/9 | - | €3,560 | +€3,560 | |
| Other amounts payable | 47/48 | €3,360 | - | -€3,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €141 | -€251 | -64.1% |
| Other operating charges | 640/8 | €3,737 | €6,442 | +€2,705 | +72.4% |
| Gross operating margin | 9900 | €40,631 | €26,925 | -€13,707 | -33.7% |
| Operating profit (loss) | 9901 | €36,502 | €20,342 | -€16,160 | -44.3% |
| Financial income | 75/76B | €507 | €1,153 | +€647 | +128% |
| Recurring financial income | 75 | €507 | €735 | +€228 | +45.1% |
| Non-recurring financial income | 76B | - | €418 | +€418 | |
| Financial charges | 65/66B | €1,219 | €2,147 | +€928 | +76.1% |
| Recurring financial charges | 65 | €1,219 | €1,883 | +€664 | +54.5% |
| Non-recurring financial charges | 66B | - | €263 | +€263 | |
| Profit (loss) for the period before taxes | 9903 | €35,790 | €19,349 | -€16,441 | -45.9% |
| Income taxes | 67/77 | €7,364 | €6,963 | -€401 | -5.4% |
| Profit (loss) for the period | 9904 | €28,426 | €12,385 | -€16,040 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,426 | €12,385 | -€16,040 | -56.4% |
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 15 October 2026 via checked.be.