KATIE BAECK: 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.
KATIE BAECK
Largest movements
- Cash +€45,962
up €45,962 (+49.2%), from €93,459 to €139,422
mainly Net result for the year (+€45,108) and Receivables within one year (+€2,300)
- Receivables within one year -€2,300
down €2,300 (-8.5%), from €27,154 to €24,855
- Reserves +€45,108
up €45,108 (+42.0%), from €107,281 to €152,389
- Tax, wage and social debts -€2,985
down €2,985 (-29.5%), from €10,119 to €7,134
- Gross operating margin +€16,758
up €16,758 (+36.9%), from €45,458 to €62,216
- Taxes +€3,600
up €3,600 (+35.5%), from €10,143 to €13,742
- Other operating charges +€895
up €895 (+85.3%), from €1,048 to €1,943
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 | €121,547 | €164,476 | +€42,929 | +35.3% |
| Fixed assets | 21/28 | €744 | €200 | -€544 | -73.1% |
| Tangible fixed assets | 22/27 | €744 | €0 | -€744 | -100.0% |
| Furniture and vehicles | 24 | €744 | €0 | -€744 | -100.0% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €120,803 | €164,276 | +€43,473 | +36.0% |
| Amounts receivable within one year | 40/41 | €27,154 | €24,855 | -€2,300 | -8.5% |
| Trade receivables | 40 | €27,154 | €24,855 | -€2,300 | -8.5% |
| Cash at bank and in hand | 54/58 | €93,459 | €139,422 | +€45,962 | +49.2% |
| Deferred charges and accrued income | 490/1 | €190 | €0 | -€190 | -100% |
| Total equity and liabilities | 10/49 | €121,547 | €164,476 | +€42,929 | +35.3% |
| Equity | 10/15 | €110,281 | €155,389 | +€45,108 | +40.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €107,281 | €152,389 | +€45,108 | +42.0% |
| Distributable reserves | 133 | €107,281 | €152,389 | +€45,108 | +42.0% |
| Amounts payable | 17/49 | €11,267 | €9,088 | -€2,179 | -19.3% |
| Amounts payable within one year | 42/48 | €11,267 | €9,088 | -€2,179 | -19.3% |
| Trade debts | 44 | €1,147 | €1,135 | -€12 | -1.1% |
| Suppliers | 440/4 | €1,147 | €1,135 | -€12 | -1.1% |
| Taxes, remuneration and social security | 45 | €10,119 | €7,134 | -€2,985 | -29.5% |
| Taxes | 450/3 | €10,119 | €7,134 | -€2,985 | -29.5% |
| Other amounts payable | 47/48 | €0 | €818 | +€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,236 | €744 | -€492 | -39.8% |
| Other operating charges | 640/8 | €1,048 | €1,943 | +€895 | +85.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €45,458 | €62,216 | +€16,758 | +36.9% |
| Operating profit (loss) | 9901 | €43,174 | €59,529 | +€16,355 | +37.9% |
| Financial income | 75/76B | €5 | €10 | +€5 | +85.7% |
| Recurring financial income | 75 | €5 | €10 | +€5 | +85.7% |
| Financial charges | 65/66B | €949 | €689 | -€260 | -27.4% |
| Recurring financial charges | 65 | €949 | €689 | -€260 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €42,231 | €58,850 | +€16,619 | +39.4% |
| Income taxes | 67/77 | €10,143 | €13,742 | +€3,600 | +35.5% |
| Profit (loss) for the period | 9904 | €32,088 | €45,108 | +€13,020 | +40.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,088 | €45,108 | +€13,020 | +40.6% |
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 19 October 2026 via checked.be.