Knowledge to Insight: what changed
Two fiscal 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.
Knowledge to Insight
Largest movements
- Cash +€49,020
up €49,020 (+55.7%), from €87,999 to €137,020
mainly Other debts (+€78,796) and Net result for the year (+€76,695)
- Receivables within one year -€28,493
down €28,493 (-34.0%), from €83,843 to €55,350
of which Other amounts receivable: -€48,748
- Tangible fixed assets -€3,983
down €3,983 (-30.5%), from €13,064 to €9,082
of which Furniture and vehicles: -€2,522
- Reserves -€95,669
down €95,669 (-33.4%), from €286,624 to €190,955
- Other debts +€78,796
new in 2025: €78,796
- Tax, wage and social debts +€17,656
up €17,656 (+205.3%), from €8,601 to €26,257
- Trade debts +€15,881
up €15,881 (+391.1%), from €4,061 to €19,942
- Gross operating margin -€24,290
down €24,290 (-19.4%), from €125,341 to €101,051
- Taxes -€5,760
down €5,760 (-22.4%), from €25,694 to €19,934
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,406 | €318,951 | +€16,545 | +5.5% |
| Fixed assets | 21/28 | €13,064 | €9,082 | -€3,983 | -30.5% |
| Tangible fixed assets | 22/27 | €13,064 | €9,082 | -€3,983 | -30.5% |
| Plant, machinery and equipment | 23 | €5,638 | €4,177 | -€1,461 | -25.9% |
| Furniture and vehicles | 24 | €7,427 | €4,905 | -€2,522 | -34.0% |
| Current assets | 29/58 | €289,342 | €309,869 | +€20,527 | +7.1% |
| Amounts receivable after more than one year | 29 | €117,500 | €117,500 | = | 0.0% |
| Other amounts receivable | 291 | €117,500 | €117,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €83,843 | €55,350 | -€28,493 | -34.0% |
| Trade receivables | 40 | €15,028 | €35,284 | +€20,255 | +134.8% |
| Other amounts receivable | 41 | €68,815 | €20,066 | -€48,748 | -70.8% |
| Cash at bank and in hand | 54/58 | €87,999 | €137,020 | +€49,020 | +55.7% |
| Total equity and liabilities | 10/49 | €302,406 | €318,951 | +€16,545 | +5.5% |
| Equity | 10/15 | €289,624 | €193,955 | -€95,669 | -33.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €286,624 | €190,955 | -€95,669 | -33.4% |
| Distributable reserves | 133 | €286,624 | €190,955 | -€95,669 | -33.4% |
| Amounts payable | 17/49 | €12,782 | €124,996 | +€112,214 | +877.9% |
| Amounts payable within one year | 42/48 | €12,662 | €124,996 | +€112,334 | +887.2% |
| Trade debts | 44 | €4,061 | €19,942 | +€15,881 | +391.1% |
| Suppliers | 440/4 | €4,061 | €19,942 | +€15,881 | +391.1% |
| Taxes, remuneration and social security | 45 | €8,601 | €26,257 | +€17,656 | +205.3% |
| Taxes | 450/3 | €8,601 | €26,257 | +€17,656 | +205.3% |
| Other amounts payable | 47/48 | - | €78,796 | +€78,796 | |
| Accrued charges and deferred income | 492/3 | €120 | - | -€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,343 | €3,983 | +€640 | +19.1% |
| Other operating charges | 640/8 | €507 | €338 | -€170 | -33.4% |
| Gross operating margin | 9900 | €125,341 | €101,051 | -€24,290 | -19.4% |
| Operating profit (loss) | 9901 | €121,491 | €96,730 | -€24,760 | -20.4% |
| Financial charges | 65/66B | €128 | €101 | -€27 | -20.8% |
| Recurring financial charges | 65 | €128 | €101 | -€27 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €121,363 | €96,629 | -€24,733 | -20.4% |
| Income taxes | 67/77 | €25,694 | €19,934 | -€5,760 | -22.4% |
| Profit (loss) for the period | 9904 | €95,669 | €76,695 | -€18,974 | -19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €95,669 | €76,695 | -€18,974 | -19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.