Kontrapunkt: 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.
Kontrapunkt
Largest movements
- Receivables within one year +€219,401
up €219,401 (+52.8%), from €415,513 to €634,914
- Current investments +€161,158
up €161,158 (+31.9%), from €505,623 to €666,781
- Cash +€71,753
up €71,753 (+15.7%), from €457,074 to €528,826
mainly Net result for the year (+€617,699) and Other debts (+€139,775)
- Receivables after one year -€48,215
down €48,215 (-49.1%), from €98,215 to €50,000
- Reserves +€317,750
up €317,750 (+34.7%), from €915,000 to €1.2m
of which Distributable reserves: +€317,750
- Other debts +€139,775
up €139,775 (+27.4%), from €510,000 to €649,775
- Tax, wage and social debts -€45,209
down €45,209 (-44.7%), from €101,097 to €55,888
- Gross operating margin +€206,442
up €206,442 (+33.8%), from €610,255 to €816,697
- Taxes +€48,679
up €48,679 (+31.7%), from €153,514 to €202,192
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 | €1,548,714 | €1,958,704 | +€409,991 | +26.5% |
| Fixed assets | 21/28 | €61,778 | €65,335 | +€3,557 | +5.8% |
| Tangible fixed assets | 22/27 | €61,778 | €65,335 | +€3,557 | +5.8% |
| Plant, machinery and equipment | 23 | €3,948 | €5,999 | +€2,050 | +51.9% |
| Furniture and vehicles | 24 | €819 | €2,327 | +€1,507 | +183.9% |
| Other tangible fixed assets | 26 | €57,010 | €57,010 | = | 0.0% |
| Current assets | 29/58 | €1,486,936 | €1,893,369 | +€406,433 | +27.3% |
| Amounts receivable after more than one year | 29 | €98,215 | €50,000 | -€48,215 | -49.1% |
| Other amounts receivable | 291 | €98,215 | €50,000 | -€48,215 | -49.1% |
| Amounts receivable within one year | 40/41 | €415,513 | €634,914 | +€219,401 | +52.8% |
| Trade receivables | 40 | €415,513 | €634,914 | +€219,401 | +52.8% |
| Current investments | 50/53 | €505,623 | €666,781 | +€161,158 | +31.9% |
| Cash at bank and in hand | 54/58 | €457,074 | €528,826 | +€71,753 | +15.7% |
| Deferred charges and accrued income | 490/1 | €10,512 | €12,848 | +€2,336 | +22.2% |
| Total equity and liabilities | 10/49 | €1,548,714 | €1,958,704 | +€409,991 | +26.5% |
| Equity | 10/15 | €935,089 | €1,252,788 | +€317,699 | +34.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €915,000 | €1,232,750 | +€317,750 | +34.7% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €913,000 | €1,230,750 | +€317,750 | +34.8% |
| Profit (loss) carried forward | 14 | €89 | €38 | -€51 | -57.2% |
| Amounts payable | 17/49 | €613,625 | €705,917 | +€92,291 | +15.0% |
| Amounts payable within one year | 42/48 | €613,625 | €705,917 | +€92,291 | +15.0% |
| Trade debts | 44 | €2,528 | €254 | -€2,274 | -90.0% |
| Suppliers | 440/4 | €2,528 | €254 | -€2,274 | -90.0% |
| Taxes, remuneration and social security | 45 | €101,097 | €55,888 | -€45,209 | -44.7% |
| Taxes | 450/3 | €101,097 | €55,888 | -€45,209 | -44.7% |
| Other amounts payable | 47/48 | €510,000 | €649,775 | +€139,775 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €2,323 | +€1,671 | +256.4% |
| Other operating charges | 640/8 | €877 | €1,351 | +€474 | +54.0% |
| Non-recurring operating charges | 66A | - | €1,680 | +€1,680 | |
| Gross operating margin | 9900 | €610,255 | €816,697 | +€206,442 | +33.8% |
| Operating profit (loss) | 9901 | €608,726 | €811,344 | +€202,617 | +33.3% |
| Financial income | 75/76B | €9,772 | €8,671 | -€1,102 | -11.3% |
| Recurring financial income | 75 | €9,772 | €8,671 | -€1,102 | -11.3% |
| Financial charges | 65/66B | €95 | €123 | +€27 | +28.6% |
| Recurring financial charges | 65 | €95 | €123 | +€27 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €618,403 | €819,892 | +€201,489 | +32.6% |
| Income taxes | 67/77 | €153,514 | €202,192 | +€48,679 | +31.7% |
| Profit (loss) for the period | 9904 | €464,889 | €617,699 | +€152,810 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €464,889 | €617,699 | +€152,810 | +32.9% |
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.