Lens: 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.
Lens
Largest movements
- Tangible fixed assets +€9,491
up €9,491 (+174.4%), from €5,443 to €14,934
of which Other tangible fixed assets: +€10,725
- Current investments -€8,285
down €8,285 (-13.8%), from €60,093 to €51,808
- Intangible fixed assets +€5,154
up €5,154, from €0 to €5,154
- Deferred charges and accrued income -€3,451
down €3,451 (-42.2%), from €8,169 to €4,718
- Reserves +€9,974
up €9,974 (+32.6%), from €30,552 to €40,526
of which Distributable reserves: +€9,475
- Trade debts -€9,798
down €9,798 (-31.5%), from €31,084 to €21,286
- Tax, wage and social debts +€2,395
up €2,395 (+18.9%), from €12,676 to €15,071
- Gross operating margin -€22,198
down €22,198 (-51.5%), from €43,091 to €20,893
- Taxes -€8,808
down €8,808 (-63.6%), from €13,844 to €5,037
- Depreciation -€1,366
down €1,366 (-18.8%), from €7,268 to €5,902
- Other operating charges +€573
up €573 (+69.0%), from €831 to €1,404
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 | €226,649 | €229,149 | +€2,500 | +1.1% |
| Fixed assets | 21/28 | €10,728 | €24,028 | +€13,300 | +124.0% |
| Intangible fixed assets | 21 | €0 | €5,154 | +€5,154 | |
| Tangible fixed assets | 22/27 | €5,443 | €14,934 | +€9,491 | +174.4% |
| Plant, machinery and equipment | 23 | €746 | €497 | -€249 | -33.3% |
| Furniture and vehicles | 24 | €2,691 | €1,706 | -€985 | -36.6% |
| Other tangible fixed assets | 26 | €2,006 | €12,731 | +€10,725 | +534.7% |
| Financial fixed assets | 28 | €5,285 | €3,940 | -€1,345 | -25.4% |
| Current assets | 29/58 | €215,921 | €205,121 | -€10,800 | -5.0% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,144 | €88,416 | +€1,272 | +1.5% |
| Trade receivables | 40 | €64,592 | €54,822 | -€9,771 | -15.1% |
| Other amounts receivable | 41 | €22,552 | €33,595 | +€11,043 | +49.0% |
| Current investments | 50/53 | €60,093 | €51,808 | -€8,285 | -13.8% |
| Cash at bank and in hand | 54/58 | €5,516 | €5,179 | -€337 | -6.1% |
| Deferred charges and accrued income | 490/1 | €8,169 | €4,718 | -€3,451 | -42.2% |
| Total equity and liabilities | 10/49 | €226,649 | €229,149 | +€2,500 | +1.1% |
| Equity | 10/15 | €182,552 | €192,526 | +€9,974 | +5.5% |
| Contributions | 10/11 | €152,000 | €152,000 | = | 0.0% |
| Capital | 10 | €152,000 | €152,000 | = | 0.0% |
| Issued capital | 100 | €152,000 | €152,000 | = | 0.0% |
| Reserves | 13 | €30,552 | €40,526 | +€9,974 | +32.6% |
| Non-distributable reserves | 130/1 | €1,528 | €2,026 | +€499 | +32.6% |
| Legal reserve | 130 | €1,528 | €2,026 | +€499 | +32.6% |
| Distributable reserves | 133 | €29,024 | €38,499 | +€9,475 | +32.6% |
| Amounts payable | 17/49 | €44,097 | €36,623 | -€7,474 | -16.9% |
| Amounts payable within one year | 42/48 | €44,097 | €36,623 | -€7,474 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €338 | €229 | -€109 | -32.3% |
| Credit institutions | 430/8 | €338 | €229 | -€109 | -32.3% |
| Trade debts | 44 | €31,084 | €21,286 | -€9,798 | -31.5% |
| Suppliers | 440/4 | €31,084 | €21,286 | -€9,798 | -31.5% |
| Taxes, remuneration and social security | 45 | €12,676 | €15,071 | +€2,395 | +18.9% |
| Taxes | 450/3 | €12,676 | €15,071 | +€2,395 | +18.9% |
| Other amounts payable | 47/48 | €0 | €38 | +€38 | |
| Non-recurring operating income | 76A | - | €12,955 | +€12,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,268 | €5,902 | -€1,366 | -18.8% |
| Other operating charges | 640/8 | €831 | €1,404 | +€573 | +69.0% |
| Gross operating margin | 9900 | €43,091 | €20,893 | -€22,198 | -51.5% |
| Operating profit (loss) | 9901 | €34,993 | €13,588 | -€21,405 | -61.2% |
| Financial income | 75/76B | €2,086 | €2,103 | +€17 | +0.8% |
| Recurring financial income | 75 | €2,086 | €2,103 | +€17 | +0.8% |
| Financial charges | 65/66B | €272 | €680 | +€409 | +150.6% |
| Recurring financial charges | 65 | €272 | €680 | +€409 | +150.6% |
| Profit (loss) for the period before taxes | 9903 | €36,807 | €15,011 | -€21,796 | -59.2% |
| Income taxes | 67/77 | €13,844 | €5,037 | -€8,808 | -63.6% |
| Profit (loss) for the period | 9904 | €22,962 | €9,974 | -€12,989 | -56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,962 | €9,974 | -€12,989 | -56.6% |
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.