Jointly: 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.
Jointly
Largest movements
- Receivables within one year +€26,633
up €26,633 (+327%), from €8,151 to €34,783
- Tangible fixed assets +€18,199
new in 2025: €18,199
of which Furniture and vehicles: +€15,636
- Cash -€3,670
down €3,670 (-6.0%), from €61,472 to €57,802
mainly Receivables within one year (-€26,633) and Investment in fixed assets (net) (-€18,544)
- Deferred charges and accrued income +€2,733
new in 2025: €2,733
- Reserves +€32,510
new in 2025: €32,510
- Trade debts +€8,101
up €8,101 (+234%), from €3,457 to €11,558
- Tax, wage and social debts +€3,823
up €3,823 (+25.2%), from €15,179 to €19,002
- Gross operating margin -€13,329
down €13,329 (-22.4%), from €59,500 to €46,171
- Taxes +€836
up €836 (+6.8%), from €12,342 to €13,178
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 | €69,622 | €113,517 | +€43,894 | +63.0% |
| Fixed assets | 21/28 | - | €18,199 | +€18,199 | |
| Tangible fixed assets | 22/27 | - | €18,199 | +€18,199 | |
| Plant, machinery and equipment | 23 | - | €2,562 | +€2,562 | |
| Furniture and vehicles | 24 | - | €15,636 | +€15,636 | |
| Current assets | 29/58 | €69,622 | €95,318 | +€25,696 | +36.9% |
| Amounts receivable within one year | 40/41 | €8,151 | €34,783 | +€26,633 | +327% |
| Trade receivables | 40 | €8,151 | €34,783 | +€26,633 | +327% |
| Cash at bank and in hand | 54/58 | €61,472 | €57,802 | -€3,670 | -6.0% |
| Deferred charges and accrued income | 490/1 | - | €2,733 | +€2,733 | |
| Total equity and liabilities | 10/49 | €69,622 | €113,517 | +€43,894 | +63.0% |
| Equity | 10/15 | €47,725 | €80,235 | +€32,510 | +68.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €32,510 | +€32,510 | |
| Non-distributable reserves | 130/1 | - | €32,510 | +€32,510 | |
| Reserves not available under the articles | 1311 | - | €32,510 | +€32,510 | |
| Profit (loss) carried forward | 14 | €46,225 | €46,225 | = | 0.0% |
| Amounts payable | 17/49 | €21,898 | €33,281 | +€11,384 | +52.0% |
| Amounts payable within one year | 42/48 | €21,898 | €33,196 | +€11,299 | +51.6% |
| Trade debts | 44 | €3,457 | €11,558 | +€8,101 | +234% |
| Suppliers | 440/4 | €3,457 | €11,558 | +€8,101 | +234% |
| Taxes, remuneration and social security | 45 | €15,179 | €19,002 | +€3,823 | +25.2% |
| Taxes | 450/3 | €15,179 | €19,002 | +€3,823 | +25.2% |
| Other amounts payable | 47/48 | €3,262 | €2,636 | -€626 | -19.2% |
| Accrued charges and deferred income | 492/3 | - | €85 | +€85 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €346 | +€346 | |
| Other operating charges | 640/8 | - | €25 | +€25 | |
| Gross operating margin | 9900 | €59,500 | €46,171 | -€13,329 | -22.4% |
| Operating profit (loss) | 9901 | €59,500 | €45,800 | -€13,700 | -23.0% |
| Financial charges | 65/66B | €100 | €111 | +€11 | +11.1% |
| Recurring financial charges | 65 | €100 | €111 | +€11 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €59,400 | €45,689 | -€13,711 | -23.1% |
| Income taxes | 67/77 | €12,342 | €13,178 | +€836 | +6.8% |
| Profit (loss) for the period | 9904 | €47,058 | €32,510 | -€14,547 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €47,058 | €32,510 | -€14,547 | -30.9% |
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.