Konu: 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.
Konu
Largest movements
- Cash +€202,788
up €202,788 (+246.1%), from €82,403 to €285,191
mainly Net result for the year (+€183,891) and Tax, wage and social debts (+€66,818)
- Receivables within one year +€27,702
up €27,702 (+95.7%), from €28,942 to €56,644
of which Trade receivables: +€17,556
- Tangible fixed assets +€5,817
up €5,817 (+1078.1%), from €540 to €6,357
of which Plant, machinery and equipment: +€3,128
- Reserves +€183,891
up €183,891 (+590.9%), from €31,123 to €215,013
- Tax, wage and social debts +€66,818
up €66,818 (+693.5%), from €9,635 to €76,453
of which Taxes: +€53,470
- Accrued charges and deferred income -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Trade debts +€10,536
up €10,536 (+27.6%), from €38,127 to €48,663
- Short-term financial debts +€5,062
new in 2025: €5,062
- Gross operating margin +€315,531
up €315,531 (+941.1%), from €33,529 to €349,059
- Staff costs +€94,017
up €94,017 (+1423.1%), from €6,606 to €100,623
- Taxes +€56,495
up €56,495 (+1051.5%), from €5,373 to €61,868
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 | €111,885 | €348,191 | +€236,306 | +211.2% |
| Fixed assets | 21/28 | €540 | €6,357 | +€5,817 | +1078.1% |
| Tangible fixed assets | 22/27 | €540 | €6,357 | +€5,817 | +1078.1% |
| Plant, machinery and equipment | 23 | - | €3,128 | +€3,128 | |
| Furniture and vehicles | 24 | €540 | €3,228 | +€2,689 | +498.4% |
| Current assets | 29/58 | €111,345 | €341,835 | +€230,489 | +207.0% |
| Amounts receivable within one year | 40/41 | €28,942 | €56,644 | +€27,702 | +95.7% |
| Trade receivables | 40 | €17,280 | €34,837 | +€17,556 | +101.6% |
| Other amounts receivable | 41 | €11,662 | €21,807 | +€10,145 | +87.0% |
| Cash at bank and in hand | 54/58 | €82,403 | €285,191 | +€202,788 | +246.1% |
| Total equity and liabilities | 10/49 | €111,885 | €348,191 | +€236,306 | +211.2% |
| Equity | 10/15 | €34,123 | €218,013 | +€183,891 | +538.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,123 | €215,013 | +€183,891 | +590.9% |
| Distributable reserves | 133 | €31,123 | €215,013 | +€183,891 | +590.9% |
| Amounts payable | 17/49 | €77,762 | €130,178 | +€52,416 | +67.4% |
| Amounts payable within one year | 42/48 | €47,762 | €130,178 | +€82,416 | +172.6% |
| Financial debts | 43 | - | €5,062 | +€5,062 | |
| Other loans | 439 | - | €5,062 | +€5,062 | |
| Trade debts | 44 | €38,127 | €48,663 | +€10,536 | +27.6% |
| Suppliers | 440/4 | €38,127 | €48,663 | +€10,536 | +27.6% |
| Taxes, remuneration and social security | 45 | €9,635 | €76,453 | +€66,818 | +693.5% |
| Taxes | 450/3 | €8,398 | €61,868 | +€53,470 | +636.7% |
| Remuneration and social security | 454/9 | €1,237 | €14,585 | +€13,348 | +1079.5% |
| Accrued charges and deferred income | 492/3 | €30,000 | €0 | -€30,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €6,606 | €100,623 | +€94,017 | +1423.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €559 | +€549 | +5544.2% |
| Other operating charges | 640/8 | €126 | €782 | +€656 | +520.4% |
| Gross operating margin | 9900 | €33,529 | €349,059 | +€315,531 | +941.1% |
| Operating profit (loss) | 9901 | €26,787 | €247,095 | +€220,308 | +822.5% |
| Financial charges | 65/66B | €877 | €1,336 | +€459 | +52.3% |
| Recurring financial charges | 65 | €877 | €1,336 | +€459 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €25,909 | €245,759 | +€219,849 | +848.5% |
| Income taxes | 67/77 | €5,373 | €61,868 | +€56,495 | +1051.5% |
| Profit (loss) for the period | 9904 | €20,537 | €183,891 | +€163,354 | +795.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,537 | €183,891 | +€163,354 | +795.4% |
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 7 October 2026 via checked.be.