LABELPOSE: 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.
LABELPOSE
Largest movements
- Cash +€89,617
up €89,617 (+2054.9%), from €4,361 to €93,979
mainly Debts after one year (+€67,500) and Net result for the year (+€37,995)
- Receivables within one year +€66,633
up €66,633 (+490.3%), from €13,591 to €80,223
of which Trade receivables: +€43,778
- Debts after one year +€67,500
new in 2025: €67,500
- Other debts +€37,695
up €37,695 (+2888.5%), from €1,305 to €39,000
- Trade debts +€33,502
up €33,502 (+932.5%), from €3,593 to €37,095
- Tax, wage and social debts +€13,223
up €13,223 (+238.0%), from €5,556 to €18,779
- Current portion of long-term debt +€7,500
new in 2025: €7,500
- Gross operating margin +€49,666
up €49,666 (+425.2%), from €11,680 to €61,346
- Taxes +€13,211
up €13,211 (+454.8%), from €2,905 to €16,116
- Financial charges +€3,631
up €3,631 (+121.2%), from €2,996 to €6,627
- Other operating charges -€1,680
down €1,680 (-58.1%), from €2,890 to €1,211
- Write-downs +€1,365
no longer reported in 2025 (was -€1,365)
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 | €19,576 | €177,991 | +€158,415 | +809.2% |
| Fixed assets | 21/28 | €1,321 | €2,238 | +€917 | +69.4% |
| Tangible fixed assets | 22/27 | - | €917 | +€917 | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €917 | +€917 | |
| Financial fixed assets | 28 | €1,321 | €1,321 | = | 0.0% |
| Current assets | 29/58 | €18,255 | €175,753 | +€157,498 | +862.8% |
| Amounts receivable within one year | 40/41 | €13,591 | €80,223 | +€66,633 | +490.3% |
| Trade receivables | 40 | €3,895 | €47,674 | +€43,778 | +1123.9% |
| Other amounts receivable | 41 | €9,696 | €32,550 | +€22,854 | +235.7% |
| Cash at bank and in hand | 54/58 | €4,361 | €93,979 | +€89,617 | +2054.9% |
| Deferred charges and accrued income | 490/1 | €303 | €1,551 | +€1,248 | +411.8% |
| Total equity and liabilities | 10/49 | €19,576 | €177,991 | +€158,415 | +809.2% |
| Equity | 10/15 | €9,122 | €8,117 | -€1,005 | -11.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €0 | -€4,000 | -100.0% |
| Distributable reserves | 133 | €4,000 | €0 | -€4,000 | -100.0% |
| Profit (loss) carried forward | 14 | €122 | €3,117 | +€2,995 | +2451.2% |
| Amounts payable | 17/49 | €10,454 | €169,874 | +€159,420 | +1525.0% |
| Amounts payable after more than one year | 17 | - | €67,500 | +€67,500 | |
| Financial debts | 170/4 | - | €67,500 | +€67,500 | |
| Amounts payable within one year | 42/48 | €10,454 | €102,374 | +€91,920 | +879.3% |
| Current portion of amounts payable after more than one year | 42 | - | €7,500 | +€7,500 | |
| Trade debts | 44 | €3,593 | €37,095 | +€33,502 | +932.5% |
| Suppliers | 440/4 | €3,593 | €37,095 | +€33,502 | +932.5% |
| Taxes, remuneration and social security | 45 | €5,556 | €18,779 | +€13,223 | +238.0% |
| Taxes | 450/3 | €5,556 | €18,779 | +€13,223 | +238.0% |
| Other amounts payable | 47/48 | €1,305 | €39,000 | +€37,695 | +2888.5% |
| Remuneration, social security and pensions | 62 | €21 | - | -€21 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €327 | +€327 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,365 | - | +€1,365 | |
| Other operating charges | 640/8 | €2,890 | €1,211 | -€1,680 | -58.1% |
| Gross operating margin | 9900 | €11,680 | €61,346 | +€49,666 | +425.2% |
| Operating profit (loss) | 9901 | €10,134 | €59,808 | +€49,675 | +490.2% |
| Financial income | 75/76B | €303 | €929 | +€626 | +206.6% |
| Recurring financial income | 75 | €303 | €929 | +€626 | +206.6% |
| Financial charges | 65/66B | €2,996 | €6,627 | +€3,631 | +121.2% |
| Recurring financial charges | 65 | €2,996 | €6,627 | +€3,631 | +121.2% |
| Profit (loss) for the period before taxes | 9903 | €7,441 | €54,110 | +€46,670 | +627.2% |
| Income taxes | 67/77 | €2,905 | €16,116 | +€13,211 | +454.8% |
| Profit (loss) for the period | 9904 | €4,536 | €37,995 | +€33,458 | +737.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,536 | €37,995 | +€33,458 | +737.6% |
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.