LAST POINT: 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.
LAST POINT
Largest movements
- Tangible fixed assets +€18,131
up €18,131 (+2832.3%), from €640 to €18,772
of which Furniture and vehicles: +€18,362
- Receivables within one year +€10,824
up €10,824 (+83.4%), from €12,978 to €23,802
of which Trade receivables: +€11,050
- Cash -€7,315
down €7,315 (-72.6%), from €10,079 to €2,764
mainly Investment in fixed assets (net) (-€21,208) and Receivables within one year (-€10,824)
- Deferred charges and accrued income +€1,343
up €1,343 (+34.0%), from €3,947 to €5,290
- Debts after one year +€11,019
new in 2025: €11,019
- Current portion of long-term debt +€4,059
new in 2025: €4,059
- Reserves +€3,362
up €3,362 (+10.0%), from €33,477 to €36,839
- Trade debts +€2,660
up €2,660 (+819.7%), from €325 to €2,985
- Tax, wage and social debts +€1,883
up €1,883 (+68.4%), from €2,752 to €4,635
of which Taxes: +€1,383
- Depreciation +€2,546
up €2,546 (+480.0%), from €530 to €3,076
- Financial charges +€740
up €740 (+1242.7%), from €60 to €799
- Gross operating margin +€665
up €665 (+7.6%), from €8,701 to €9,366
- Other operating charges -€555
down €555 (-24.1%), from €2,302 to €1,747
- Financial income -€205
down €205 (-76.0%), from €269 to €65
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 | €38,554 | €61,537 | +€22,983 | +59.6% |
| Fixed assets | 21/28 | €640 | €18,772 | +€18,131 | +2832.3% |
| Tangible fixed assets | 22/27 | €640 | €18,772 | +€18,131 | +2832.3% |
| Land and buildings | 22 | €394 | €296 | -€99 | -25.0% |
| Plant, machinery and equipment | 23 | €132 | €0 | -€132 | -100.0% |
| Furniture and vehicles | 24 | €0 | €18,362 | +€18,362 | |
| Other tangible fixed assets | 26 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €37,913 | €42,765 | +€4,852 | +12.8% |
| Stocks and contracts in progress | 3 | €10,910 | €10,910 | = | 0.0% |
| Stocks | 30/36 | €10,910 | €10,910 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,978 | €23,802 | +€10,824 | +83.4% |
| Trade receivables | 40 | €11,786 | €22,836 | +€11,050 | +93.8% |
| Other amounts receivable | 41 | €1,191 | €965 | -€226 | -19.0% |
| Cash at bank and in hand | 54/58 | €10,079 | €2,764 | -€7,315 | -72.6% |
| Deferred charges and accrued income | 490/1 | €3,947 | €5,290 | +€1,343 | +34.0% |
| Total equity and liabilities | 10/49 | €38,554 | €61,537 | +€22,983 | +59.6% |
| Equity | 10/15 | €35,477 | €38,839 | +€3,362 | +9.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €33,477 | €36,839 | +€3,362 | +10.0% |
| Distributable reserves | 133 | €33,477 | €36,839 | +€3,362 | +10.0% |
| Amounts payable | 17/49 | €3,076 | €22,698 | +€19,621 | +637.8% |
| Amounts payable after more than one year | 17 | - | €11,019 | +€11,019 | |
| Financial debts | 170/4 | - | €11,019 | +€11,019 | |
| Amounts payable within one year | 42/48 | €3,076 | €11,678 | +€8,602 | +279.6% |
| Current portion of amounts payable after more than one year | 42 | - | €4,059 | +€4,059 | |
| Trade debts | 44 | €325 | €2,985 | +€2,660 | +819.7% |
| Suppliers | 440/4 | €325 | €2,985 | +€2,660 | +819.7% |
| Taxes, remuneration and social security | 45 | €2,752 | €4,635 | +€1,883 | +68.4% |
| Taxes | 450/3 | €2,752 | €4,135 | +€1,383 | +50.3% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Non-recurring operating income | 76A | - | €11,405 | +€11,405 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | €3,076 | +€2,546 | +480.0% |
| Other operating charges | 640/8 | €2,302 | €1,747 | -€555 | -24.1% |
| Gross operating margin | 9900 | €8,701 | €9,366 | +€665 | +7.6% |
| Operating profit (loss) | 9901 | €5,869 | €4,543 | -€1,326 | -22.6% |
| Financial income | 75/76B | €269 | €65 | -€205 | -76.0% |
| Recurring financial income | 75 | €269 | €65 | -€205 | -76.0% |
| Financial charges | 65/66B | €60 | €799 | +€740 | +1242.7% |
| Recurring financial charges | 65 | €60 | €799 | +€740 | +1242.7% |
| Profit (loss) for the period before taxes | 9903 | €6,079 | €3,808 | -€2,270 | -37.3% |
| Income taxes | 67/77 | €321 | €446 | +€126 | +39.2% |
| Profit (loss) for the period | 9904 | €5,758 | €3,362 | -€2,396 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,758 | €3,362 | -€2,396 | -41.6% |
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 1 October 2026 via checked.be.