LEGALITY: 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.
LEGALITY
Largest movements
- Cash +€82,037
up €82,037 (+118.0%), from €69,509 to €151,546
mainly Net result for the year (+€76,152) and Tax, wage and social debts (+€7,978)
- Receivables within one year +€3,148
up €3,148 (+15.1%), from €20,810 to €23,958
of which Trade receivables: +€3,249
- Tangible fixed assets -€1,930
down €1,930 (-48.0%), from €4,020 to €2,091
- Reserves +€76,152
up €76,152 (+140.3%), from €54,272 to €130,424
- Tax, wage and social debts +€7,978
up €7,978 (+25.0%), from €31,876 to €39,854
of which Taxes: +€7,714
- Gross operating margin +€27,422
up €27,422 (+37.5%), from €73,041 to €100,462
- Taxes +€5,993
up €5,993 (+38.2%), from €15,687 to €21,680
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 | €94,340 | €178,148 | +€83,809 | +88.8% |
| Fixed assets | 21/28 | €4,020 | €2,091 | -€1,930 | -48.0% |
| Tangible fixed assets | 22/27 | €4,020 | €2,091 | -€1,930 | -48.0% |
| Furniture and vehicles | 24 | €4,020 | €2,091 | -€1,930 | -48.0% |
| Current assets | 29/58 | €90,319 | €176,058 | +€85,739 | +94.9% |
| Amounts receivable within one year | 40/41 | €20,810 | €23,958 | +€3,148 | +15.1% |
| Trade receivables | 40 | €20,709 | €23,958 | +€3,249 | +15.7% |
| Other amounts receivable | 41 | €101 | €0 | -€101 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,509 | €151,546 | +€82,037 | +118.0% |
| Deferred charges and accrued income | 490/1 | - | €553 | +€553 | |
| Total equity and liabilities | 10/49 | €94,340 | €178,148 | +€83,809 | +88.8% |
| Equity | 10/15 | €57,272 | €133,424 | +€76,152 | +133.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €54,272 | €130,424 | +€76,152 | +140.3% |
| Distributable reserves | 133 | €54,272 | €130,424 | +€76,152 | +140.3% |
| Amounts payable | 17/49 | €37,068 | €44,725 | +€7,657 | +20.7% |
| Amounts payable within one year | 42/48 | €36,468 | €44,494 | +€8,026 | +22.0% |
| Trade debts | 44 | €1,224 | €1,374 | +€150 | +12.2% |
| Suppliers | 440/4 | €1,224 | €1,374 | +€150 | +12.2% |
| Taxes, remuneration and social security | 45 | €31,876 | €39,854 | +€7,978 | +25.0% |
| Taxes | 450/3 | €29,394 | €37,108 | +€7,714 | +26.2% |
| Remuneration and social security | 454/9 | €2,482 | €2,746 | +€264 | +10.7% |
| Other amounts payable | 47/48 | €3,368 | €3,266 | -€102 | -3.0% |
| Accrued charges and deferred income | 492/3 | €600 | €230 | -€369 | -61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €1,930 | +€161 | +9.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €73,041 | €100,462 | +€27,422 | +37.5% |
| Operating profit (loss) | 9901 | €70,884 | €98,133 | +€27,249 | +38.4% |
| Financial charges | 65/66B | €926 | €301 | -€625 | -67.5% |
| Recurring financial charges | 65 | €926 | €301 | -€625 | -67.5% |
| Profit (loss) for the period before taxes | 9903 | €69,959 | €97,832 | +€27,873 | +39.8% |
| Income taxes | 67/77 | €15,687 | €21,680 | +€5,993 | +38.2% |
| Profit (loss) for the period | 9904 | €54,272 | €76,152 | +€21,880 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,272 | €76,152 | +€21,880 | +40.3% |
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 11 October 2026 via checked.be.