KNOW HOW: 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.
What changed
KNOW HOW
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€30,890
2024 · €29,537+€1,352
Equity
€427,521
2024 · €396,631+€30,890
Cash
€24,661
2024 · €25,447-€786
Balance sheet total
€1.1m
2024 · €1.1m-€26,077
Largest movements
Assets
- Receivables after one year +€77,500
up €77,500 (+39.7%), from €195,000 to €272,500
- Receivables within one year -€64,540
down €64,540 (-75.8%), from €85,133 to €20,593
- Tangible fixed assets -€38,250
down €38,250 (-4.7%), from €819,000 to €780,750
Equity and liabilities
- Debts after one year -€55,405
down €55,405 (-9.3%), from €596,748 to €541,343
of which Financial debts: -€55,405
- Profit (loss) carried forward +€36,044
up €36,044 (+13.1%), from €274,917 to €310,961
Income statement
- Financial charges -€1,216
down €1,216 (-14.7%), from €8,250 to €7,035
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.
Result 2024
€29,537
Gross operating margin
-€340
Other operating charges
+€843
Financial income
-€210
Financial charges
+€1,216
Taxes
-€157
Result 2025
€30,890
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.
From operations
+€54,027
Investment
€0
Financing
-€54,813
Cash 2024
€25,447
From operations (derived)
+€54,027
Net result for the year
+€30,890
Depreciation
+€38,250
Receivables after one year
-€77,500
Receivables within one year
+€64,540
Provisions
-€2,654
Trade debts
-€4,146
Tax, wage and social debts
+€4,647
Financing
-€54,813
Debts after one year
-€55,405
Current portion of long-term debt
+€592
Cash 2025
€24,661
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,124,581 | €1,098,504 | -€26,077 | -2.3% |
| Fixed assets | 21/28 | €819,000 | €780,750 | -€38,250 | -4.7% |
| Tangible fixed assets | 22/27 | €819,000 | €780,750 | -€38,250 | -4.7% |
| Land and buildings | 22 | €819,000 | €780,750 | -€38,250 | -4.7% |
| Current assets | 29/58 | €305,581 | €317,754 | +€12,173 | +4.0% |
| Amounts receivable after more than one year | 29 | €195,000 | €272,500 | +€77,500 | +39.7% |
| Other amounts receivable | 291 | €195,000 | €272,500 | +€77,500 | +39.7% |
| Amounts receivable within one year | 40/41 | €85,133 | €20,593 | -€64,540 | -75.8% |
| Other amounts receivable | 41 | €85,133 | €20,593 | -€64,540 | -75.8% |
| Cash at bank and in hand | 54/58 | €25,447 | €24,661 | -€786 | -3.1% |
| Total equity and liabilities | 10/49 | €1,124,581 | €1,098,504 | -€26,077 | -2.3% |
| Equity | 10/15 | €396,631 | €427,521 | +€30,890 | +7.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €115,514 | €110,360 | -€5,155 | -4.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,654 | €108,500 | -€5,155 | -4.5% |
| Profit (loss) carried forward | 14 | €274,917 | €310,961 | +€36,044 | +13.1% |
| Provisions and deferred taxes | 16 | €45,121 | €42,467 | -€2,654 | -5.9% |
| Deferred taxes | 168 | €45,121 | €42,467 | -€2,654 | -5.9% |
| Amounts payable | 17/49 | €682,828 | €628,516 | -€54,312 | -8.0% |
| Amounts payable after more than one year | 17 | €596,748 | €541,343 | -€55,405 | -9.3% |
| Financial debts | 170/4 | €581,748 | €526,343 | -€55,405 | -9.5% |
| Other amounts payable | 178/9 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €86,080 | €87,173 | +€1,093 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €54,813 | €55,405 | +€592 | +1.1% |
| Trade debts | 44 | €9,456 | €5,310 | -€4,146 | -43.8% |
| Suppliers | 440/4 | €9,456 | €5,310 | -€4,146 | -43.8% |
| Taxes, remuneration and social security | 45 | €21,811 | €26,458 | +€4,647 | +21.3% |
| Taxes | 450/3 | €21,811 | €26,458 | +€4,647 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,250 | €38,250 | = | 0.0% |
| Other operating charges | 640/8 | €5,699 | €4,856 | -€843 | -14.8% |
| Gross operating margin | 9900 | €89,198 | €88,858 | -€340 | -0.4% |
| Operating profit (loss) | 9901 | €45,249 | €45,752 | +€503 | +1.1% |
| Financial income | 75/76B | €3,071 | €2,861 | -€210 | -6.8% |
| Recurring financial income | 75 | €3,071 | €2,861 | -€210 | -6.8% |
| Financial charges | 65/66B | €8,250 | €7,035 | -€1,216 | -14.7% |
| Recurring financial charges | 65 | €8,250 | €7,035 | -€1,216 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €40,069 | €41,578 | +€1,509 | +3.8% |
| Transfer from deferred taxes | 780 | €2,654 | €2,654 | = | 0.0% |
| Income taxes | 67/77 | €13,186 | €13,343 | +€157 | +1.2% |
| Profit (loss) for the period | 9904 | €29,537 | €30,890 | +€1,352 | +4.6% |
| Transfer from tax-exempt reserves | 789 | €5,155 | €5,155 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,692 | €36,044 | +€1,352 | +3.9% |
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 11 October 2026 via checked.be.