Kick-Start: 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.
Kick-Start
Largest movements
- Tangible fixed assets -€26,614
down €26,614 (-45.5%), from €58,501 to €31,887
of which Furniture and vehicles: -€24,811
- Cash +€17,524
up €17,524 (+758%), from €2,311 to €19,835
mainly Other debts (+€31,939) and Depreciation (+€26,613)
- Receivables within one year +€14,873
up €14,873 (+180%), from €8,273 to €23,146
- Other debts +€31,939
new in 2025: €31,939
- Profit (loss) carried forward -€17,325
no longer reported in 2025 (was €17,325)
- Debts after one year -€8,974
no longer reported in 2025 (was €8,974)
- Current portion of long-term debt -€8,692
down €8,692 (-49.2%), from €17,666 to €8,974
- Tax, wage and social debts +€6,787
up €6,787 (+208%), from €3,266 to €10,053
- Gross operating margin +€33,527
up €33,527 (+209%), from €16,058 to €49,585
- Taxes +€5,289
up €5,289 (+2,593%), from €204 to €5,493
- Depreciation +€4,505
up €4,505 (+20.4%), from €22,108 to €26,613
- Other operating charges -€792
down €792 (-37.5%), from €2,110 to €1,318
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 | €69,691 | €74,868 | +€5,177 | +7.4% |
| Fixed assets | 21/28 | €58,501 | €31,887 | -€26,614 | -45.5% |
| Tangible fixed assets | 22/27 | €58,501 | €31,887 | -€26,614 | -45.5% |
| Plant, machinery and equipment | 23 | €5,348 | €3,980 | -€1,368 | -25.6% |
| Furniture and vehicles | 24 | €50,250 | €25,439 | -€24,811 | -49.4% |
| Other tangible fixed assets | 26 | €2,903 | €2,468 | -€435 | -15.0% |
| Current assets | 29/58 | €11,190 | €42,981 | +€31,791 | +284% |
| Amounts receivable within one year | 40/41 | €8,273 | €23,146 | +€14,873 | +180% |
| Other amounts receivable | 41 | €8,273 | €23,146 | +€14,873 | +180% |
| Cash at bank and in hand | 54/58 | €2,311 | €19,835 | +€17,524 | +758% |
| Deferred charges and accrued income | 490/1 | €606 | - | -€606 | |
| Total equity and liabilities | 10/49 | €69,691 | €74,868 | +€5,177 | +7.4% |
| Equity | 10/15 | €37,785 | €20,460 | -€17,325 | -45.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,325 | - | -€17,325 | |
| Amounts payable | 17/49 | €31,906 | €54,408 | +€22,502 | +70.5% |
| Amounts payable after more than one year | 17 | €8,974 | - | -€8,974 | |
| Financial debts | 170/4 | €8,974 | - | -€8,974 | |
| Amounts payable within one year | 42/48 | €22,932 | €54,408 | +€31,476 | +137% |
| Current portion of amounts payable after more than one year | 42 | €17,666 | €8,974 | -€8,692 | -49.2% |
| Trade debts | 44 | €2,000 | €3,442 | +€1,442 | +72.1% |
| Suppliers | 440/4 | €2,000 | €3,442 | +€1,442 | +72.1% |
| Taxes, remuneration and social security | 45 | €3,266 | €10,053 | +€6,787 | +208% |
| Taxes | 450/3 | €3,266 | €10,053 | +€6,787 | +208% |
| Other amounts payable | 47/48 | - | €31,939 | +€31,939 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,108 | €26,613 | +€4,505 | +20.4% |
| Other operating charges | 640/8 | €2,110 | €1,318 | -€792 | -37.5% |
| Gross operating margin | 9900 | €16,058 | €49,585 | +€33,527 | +209% |
| Operating profit (loss) | 9901 | -€8,160 | €21,654 | +€29,814 | |
| Financial charges | 65/66B | €1,076 | €1,547 | +€471 | +43.8% |
| Recurring financial charges | 65 | €1,076 | €1,547 | +€471 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,236 | €20,107 | +€29,343 | |
| Income taxes | 67/77 | €204 | €5,493 | +€5,289 | +2,593% |
| Profit (loss) for the period | 9904 | -€9,440 | €14,614 | +€24,054 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,440 | €14,614 | +€24,054 |
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 13 October 2026 via checked.be.