L&A: 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.
L&A
Largest movements
- Tangible fixed assets +€13,793
up €13,793 (+233.0%), from €5,921 to €19,713
of which Furniture and vehicles: +€14,697
- Cash -€13,595
down €13,595 (-26.0%), from €52,269 to €38,675
mainly Investment in fixed assets (net) (-€21,050) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€6,061
up €6,061 (+56.8%), from €10,679 to €16,739
of which Trade receivables: +€15,675
- Deferred charges and accrued income -€2,003
down €2,003 (-29.5%), from €6,791 to €4,787
- Reserves -€15,109
down €15,109 (-40.3%), from €37,488 to €22,379
- Debts after one year +€9,238
new in 2025: €9,238
- Current portion of long-term debt +€6,649
new in 2025: €6,649
- Tax, wage and social debts +€2,927
up €2,927 (+139.5%), from €2,099 to €5,025
- Gross operating margin +€15,882
up €15,882 (+211.5%), from €7,510 to €23,391
- Depreciation +€4,241
up €4,241 (+140.7%), from €3,015 to €7,257
- Taxes +€2,141
up €2,141 (+363.8%), from €588 to €2,729
- Financial charges -€2,052
down €2,052 (-64.0%), from €3,208 to €1,155
- Financial income -€518
down €518 (-100.0%), from €518 to €0
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 | €75,659 | €79,915 | +€4,256 | +5.6% |
| Fixed assets | 21/28 | €5,921 | €19,713 | +€13,793 | +233.0% |
| Tangible fixed assets | 22/27 | €5,921 | €19,713 | +€13,793 | +233.0% |
| Furniture and vehicles | 24 | €3,692 | €18,389 | +€14,697 | +398.0% |
| Other tangible fixed assets | 26 | €2,228 | €1,325 | -€904 | -40.6% |
| Current assets | 29/58 | €69,738 | €60,201 | -€9,537 | -13.7% |
| Amounts receivable within one year | 40/41 | €10,679 | €16,739 | +€6,061 | +56.8% |
| Trade receivables | 40 | €0 | €15,675 | +€15,675 | |
| Other amounts receivable | 41 | €10,679 | €1,064 | -€9,614 | -90.0% |
| Cash at bank and in hand | 54/58 | €52,269 | €38,675 | -€13,595 | -26.0% |
| Deferred charges and accrued income | 490/1 | €6,791 | €4,787 | -€2,003 | -29.5% |
| Total equity and liabilities | 10/49 | €75,659 | €79,915 | +€4,256 | +5.6% |
| Equity | 10/15 | €53,714 | €38,604 | -€15,109 | -28.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €37,488 | €22,379 | -€15,109 | -40.3% |
| Distributable reserves | 133 | €37,488 | €22,379 | -€15,109 | -40.3% |
| Profit (loss) carried forward | 14 | €10,025 | €10,025 | = | 0.0% |
| Amounts payable | 17/49 | €21,945 | €41,310 | +€19,365 | +88.2% |
| Amounts payable after more than one year | 17 | - | €9,238 | +€9,238 | |
| Financial debts | 170/4 | - | €9,238 | +€9,238 | |
| Amounts payable within one year | 42/48 | €21,945 | €32,072 | +€10,127 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,649 | +€6,649 | |
| Trade debts | 44 | €837 | €1,440 | +€603 | +72.1% |
| Suppliers | 440/4 | €837 | €1,440 | +€603 | +72.1% |
| Taxes, remuneration and social security | 45 | €2,099 | €5,025 | +€2,927 | +139.5% |
| Taxes | 450/3 | €2,099 | €5,025 | +€2,927 | +139.5% |
| Other amounts payable | 47/48 | €19,010 | €18,958 | -€52 | -0.3% |
| Remuneration, social security and pensions | 62 | €6,301 | €6,207 | -€94 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,015 | €7,257 | +€4,241 | +140.7% |
| Other operating charges | 640/8 | €1,052 | €1,153 | +€101 | +9.6% |
| Gross operating margin | 9900 | €7,510 | €23,391 | +€15,882 | +211.5% |
| Operating profit (loss) | 9901 | -€2,859 | €8,775 | +€11,634 | |
| Financial income | 75/76B | €518 | €0 | -€518 | -100.0% |
| Recurring financial income | 75 | €518 | €0 | -€518 | -100.0% |
| Financial charges | 65/66B | €3,208 | €1,155 | -€2,052 | -64.0% |
| Recurring financial charges | 65 | €3,208 | €1,155 | -€2,052 | -64.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,549 | €7,620 | +€13,168 | |
| Income taxes | 67/77 | €588 | €2,729 | +€2,141 | +363.8% |
| Profit (loss) for the period | 9904 | -€6,137 | €4,891 | +€11,028 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,137 | €4,891 | +€11,028 |
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.