IT'S EVIDENT: 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.
IT'S EVIDENT
Largest movements
- Cash +€69,221
up €69,221 (+117.3%), from €58,993 to €128,214
mainly Net result for the year (+€55,589) and Receivables within one year (+€24,807)
- Receivables within one year -€24,807
down €24,807 (-56.5%), from €43,893 to €19,086
of which Trade receivables: -€18,888
- Tangible fixed assets -€2,161
down €2,161 (-55.4%), from €3,898 to €1,737
- Other debts +€19,613
up €19,613 (+5068.0%), from €387 to €20,000
- Profit (loss) carried forward +€11,589
up €11,589 (+14.6%), from €79,129 to €90,718
- Tax, wage and social debts +€10,904
up €10,904 (+122.4%), from €8,912 to €19,816
- Gross operating margin +€32,683
up €32,683 (+79.0%), from €41,379 to €74,062
- Taxes +€9,252
up €9,252 (+139.4%), from €6,635 to €15,887
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 | €109,256 | €151,357 | +€42,101 | +38.5% |
| Fixed assets | 21/28 | €3,898 | €1,737 | -€2,161 | -55.4% |
| Tangible fixed assets | 22/27 | €3,898 | €1,737 | -€2,161 | -55.4% |
| Furniture and vehicles | 24 | €3,898 | €1,737 | -€2,161 | -55.4% |
| Current assets | 29/58 | €105,358 | €149,620 | +€44,262 | +42.0% |
| Amounts receivable within one year | 40/41 | €43,893 | €19,086 | -€24,807 | -56.5% |
| Trade receivables | 40 | €31,944 | €13,056 | -€18,888 | -59.1% |
| Other amounts receivable | 41 | €11,949 | €6,030 | -€5,919 | -49.5% |
| Cash at bank and in hand | 54/58 | €58,993 | €128,214 | +€69,221 | +117.3% |
| Deferred charges and accrued income | 490/1 | €2,472 | €2,320 | -€152 | -6.1% |
| Total equity and liabilities | 10/49 | €109,256 | €151,357 | +€42,101 | +38.5% |
| Equity | 10/15 | €99,589 | €111,178 | +€11,589 | +11.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,129 | €90,718 | +€11,589 | +14.6% |
| Amounts payable | 17/49 | €9,667 | €40,179 | +€30,512 | +315.6% |
| Amounts payable within one year | 42/48 | €9,629 | €40,179 | +€30,550 | +317.3% |
| Trade debts | 44 | €330 | €363 | +€33 | +10.0% |
| Suppliers | 440/4 | €330 | €363 | +€33 | +10.0% |
| Taxes, remuneration and social security | 45 | €8,912 | €19,816 | +€10,904 | +122.4% |
| Taxes | 450/3 | €8,912 | €19,816 | +€10,904 | +122.4% |
| Other amounts payable | 47/48 | €387 | €20,000 | +€19,613 | +5068.0% |
| Accrued charges and deferred income | 492/3 | €38 | - | -€38 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,298 | €2,161 | -€137 | -6.0% |
| Other operating charges | 640/8 | €899 | €928 | +€29 | +3.2% |
| Gross operating margin | 9900 | €41,379 | €74,062 | +€32,683 | +79.0% |
| Operating profit (loss) | 9901 | €38,182 | €70,973 | +€32,791 | +85.9% |
| Financial income | 75/76B | €548 | €628 | +€80 | +14.6% |
| Recurring financial income | 75 | €548 | €628 | +€80 | +14.6% |
| Financial charges | 65/66B | €141 | €125 | -€16 | -11.3% |
| Recurring financial charges | 65 | €141 | €125 | -€16 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €38,589 | €71,476 | +€32,887 | +85.2% |
| Income taxes | 67/77 | €6,635 | €15,887 | +€9,252 | +139.4% |
| Profit (loss) for the period | 9904 | €31,954 | €55,589 | +€23,635 | +74.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,954 | €55,589 | +€23,635 | +74.0% |
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 6 October 2026 via checked.be.