KEY EVOLUTION: 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.
KEY EVOLUTION
Largest movements
- Receivables within one year +€19,132
up €19,132 (+68.1%), from €28,094 to €47,226
of which Other amounts receivable: +€18,285
- Receivables after one year -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Profit (loss) carried forward +€14,442
up €14,442 (+109%), from €13,277 to €27,719
- Tax, wage and social debts +€3,993
up €3,993 (+44.5%), from €8,970 to €12,962
- Trade debts -€3,129
down €3,129 (-28.4%), from €11,003 to €7,874
- Short-term financial debts -€1,173
down €1,173 (-95.2%), from €1,232 to €59
- Gross operating margin +€16,116
up €16,116 (+435%), from €3,702 to €19,819
- Taxes +€3,898
up €3,898 (+599%), from €651 to €4,549
- Financial charges +€1,039
up €1,039 (+57.9%), from €1,795 to €2,834
- Financial income +€710
up €710 (+54.8%), from €1,296 to €2,006
- Depreciation -€566
down €566 (-100%), from €566 to €0
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 | €48,094 | €62,226 | +€14,132 | +29.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €48,094 | €62,226 | +€14,132 | +29.4% |
| Amounts receivable after more than one year | 29 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Other amounts receivable | 291 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €28,094 | €47,226 | +€19,132 | +68.1% |
| Trade receivables | 40 | €6,776 | €7,623 | +€847 | +12.5% |
| Other amounts receivable | 41 | €21,318 | €39,603 | +€18,285 | +85.8% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €48,094 | €62,226 | +€14,132 | +29.4% |
| Equity | 10/15 | €26,889 | €41,331 | +€14,442 | +53.7% |
| Contributions | 10/11 | €12,513 | €12,513 | = | 0.0% |
| Reserves | 13 | €1,100 | €1,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,100 | €1,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,100 | €1,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,277 | €27,719 | +€14,442 | +109% |
| Amounts payable | 17/49 | €21,205 | €20,895 | -€310 | -1.5% |
| Amounts payable within one year | 42/48 | €21,205 | €20,895 | -€310 | -1.5% |
| Financial debts | 43 | €1,232 | €59 | -€1,173 | -95.2% |
| Credit institutions | 430/8 | €1,232 | €59 | -€1,173 | -95.2% |
| Trade debts | 44 | €11,003 | €7,874 | -€3,129 | -28.4% |
| Suppliers | 440/4 | €11,003 | €7,874 | -€3,129 | -28.4% |
| Taxes, remuneration and social security | 45 | €8,970 | €12,962 | +€3,993 | +44.5% |
| Taxes | 450/3 | €8,970 | €12,962 | +€3,993 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €0 | -€566 | -100% |
| Other operating charges | 640/8 | €188 | €0 | -€188 | -100% |
| Gross operating margin | 9900 | €3,702 | €19,819 | +€16,116 | +435% |
| Operating profit (loss) | 9901 | €2,949 | €19,819 | +€16,870 | +572% |
| Financial income | 75/76B | €1,296 | €2,006 | +€710 | +54.8% |
| Recurring financial income | 75 | €1,296 | €2,006 | +€710 | +54.8% |
| Financial charges | 65/66B | €1,795 | €2,834 | +€1,039 | +57.9% |
| Recurring financial charges | 65 | €1,795 | €2,834 | +€1,039 | +57.9% |
| Profit (loss) for the period before taxes | 9903 | €2,450 | €18,991 | +€16,541 | +675% |
| Income taxes | 67/77 | €651 | €4,549 | +€3,898 | +599% |
| Profit (loss) for the period | 9904 | €1,799 | €14,442 | +€12,643 | +703% |
| Profit (loss) for the period to be appropriated | 9905 | €1,799 | €14,442 | +€12,643 | +703% |
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.