LEAD UP: 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.
LEAD UP
Largest movements
- Cash +€44,797
up €44,797 (+264.4%), from €16,944 to €61,741
mainly Trade debts (+€29,066) and Depreciation (+€11,957)
- Tangible fixed assets -€17,961
down €17,961 (-54.6%), from €32,903 to €14,942
- Receivables within one year +€6,480
up €6,480 (+106.8%), from €6,068 to €12,548
of which Trade receivables: +€4,922
- Trade debts +€29,066
up €29,066 (+218.4%), from €13,310 to €42,375
- Profit (loss) carried forward +€2,984
up €2,984 (+19.7%), from €15,182 to €18,165
- Tax, wage and social debts +€1,494
up €1,494 (+27.3%), from €5,478 to €6,972
of which Taxes: +€1,249
- Purchases and services +€105,044
up €105,044 (+108.6%), from €96,712 to €201,756
- Staff costs +€9,831
up €9,831 (+134.0%), from €7,340 to €17,171
- Taxes -€2,449
down €2,449 (-66.0%), from €3,712 to €1,263
- Depreciation -€2,258
down €2,258 (-15.9%), from €14,216 to €11,957
- Other operating charges -€2,220
down €2,220 (-65.5%), from €3,389 to €1,170
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 | €56,314 | €89,630 | +€33,316 | +59.2% |
| Fixed assets | 21/28 | €33,302 | €15,341 | -€17,961 | -53.9% |
| Tangible fixed assets | 22/27 | €32,903 | €14,942 | -€17,961 | -54.6% |
| Furniture and vehicles | 24 | €32,903 | €14,942 | -€17,961 | -54.6% |
| Financial fixed assets | 28 | €399 | €399 | = | 0.0% |
| Current assets | 29/58 | €23,012 | €74,289 | +€51,277 | +222.8% |
| Amounts receivable within one year | 40/41 | €6,068 | €12,548 | +€6,480 | +106.8% |
| Trade receivables | 40 | €6,068 | €10,990 | +€4,922 | +81.1% |
| Other amounts receivable | 41 | - | €1,558 | +€1,558 | |
| Cash at bank and in hand | 54/58 | €16,944 | €61,741 | +€44,797 | +264.4% |
| Total equity and liabilities | 10/49 | €56,314 | €89,630 | +€33,316 | +59.2% |
| Equity | 10/15 | €35,642 | €38,625 | +€2,984 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,182 | €18,165 | +€2,984 | +19.7% |
| Amounts payable | 17/49 | €20,672 | €51,005 | +€30,332 | +146.7% |
| Amounts payable within one year | 42/48 | €20,672 | €51,005 | +€30,332 | +146.7% |
| Trade debts | 44 | €13,310 | €42,375 | +€29,066 | +218.4% |
| Suppliers | 440/4 | €13,310 | €42,375 | +€29,066 | +218.4% |
| Taxes, remuneration and social security | 45 | €5,478 | €6,972 | +€1,494 | +27.3% |
| Taxes | 450/3 | €3,726 | €4,975 | +€1,249 | +33.5% |
| Remuneration and social security | 454/9 | €1,752 | €1,997 | +€245 | +14.0% |
| Other amounts payable | 47/48 | €1,885 | €1,657 | -€228 | -12.1% |
| Non-recurring operating income | 76A | - | €19,777 | +€19,777 | |
| Goods, raw materials, services and sundry goods | 60/61 | €96,712 | €201,756 | +€105,044 | +108.6% |
| Remuneration, social security and pensions | 62 | €7,340 | €17,171 | +€9,831 | +134.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,216 | €11,957 | -€2,258 | -15.9% |
| Other operating charges | 640/8 | €3,389 | €1,170 | -€2,220 | -65.5% |
| Non-recurring operating charges | 66A | €743 | €4,701 | +€3,958 | +533.0% |
| Gross operating margin | 9900 | €40,689 | €38,701 | -€1,988 | -4.9% |
| Operating profit (loss) | 9901 | €15,002 | €3,702 | -€11,300 | -75.3% |
| Financial income | 75/76B | - | €716 | +€716 | |
| Recurring financial income | 75 | - | €716 | +€716 | |
| Non-recurring financial income | 76B | - | €716 | +€716 | |
| Financial charges | 65/66B | €153 | €171 | +€18 | +11.6% |
| Recurring financial charges | 65 | €153 | €171 | +€18 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €14,848 | €4,247 | -€10,602 | -71.4% |
| Income taxes | 67/77 | €3,712 | €1,263 | -€2,449 | -66.0% |
| Profit (loss) for the period | 9904 | €11,136 | €2,984 | -€8,153 | -73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,136 | €2,984 | -€8,153 | -73.2% |
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 10 October 2026 via checked.be.