Let it fleet: 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.
Let it fleet
Largest movements
- Receivables within one year +€143,914
up €143,914 (+517%), from €27,831 to €171,745
of which Trade receivables: +€112,298
- Deferred charges and accrued income +€77,759
up €77,759 (+1,476%), from €5,268 to €83,027
- Intangible fixed assets +€49,420
up €49,420 (+56.8%), from €87,084 to €136,505
- Cash +€7,847
up €7,847 (+18.0%), from €43,505 to €51,352
mainly Trade debts (+€144,305) and Short-term financial debts (+€125,000)
- Trade debts +€144,305
up €144,305 (+277%), from €52,165 to €196,470
- Short-term financial debts +€125,000
new in 2025: €125,000
- Profit (loss) carried forward +€13,243
up €13,243 (+27.5%), from €48,126 to €61,369
- Debts after one year -€10,102
down €10,102 (-34.8%), from €29,056 to €18,953
- Tax, wage and social debts +€4,555
up €4,555 (+33.7%), from €13,512 to €18,067
- Gross operating margin -€22,194
down €22,194 (-30.2%), from €73,604 to €51,410
- Taxes -€5,969
down €5,969 (-55.9%), from €10,683 to €4,713
- Depreciation +€4,982
up €4,982 (+20.4%), from €24,393 to €29,375
- Financial charges +€1,086
up €1,086 (+40.0%), from €2,716 to €3,802
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.
Derived cash bridge
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 | €164,463 | €443,046 | +€278,582 | +169% |
| Fixed assets | 21/28 | €87,860 | €136,922 | +€49,063 | +55.8% |
| Intangible fixed assets | 21 | €87,084 | €136,505 | +€49,420 | +56.8% |
| Tangible fixed assets | 22/27 | €775 | €418 | -€358 | -46.2% |
| Furniture and vehicles | 24 | €775 | €418 | -€358 | -46.2% |
| Current assets | 29/58 | €76,604 | €306,124 | +€229,520 | +300% |
| Amounts receivable within one year | 40/41 | €27,831 | €171,745 | +€143,914 | +517% |
| Trade receivables | 40 | €24,272 | €136,570 | +€112,298 | +463% |
| Other amounts receivable | 41 | €3,559 | €35,175 | +€31,616 | +888% |
| Cash at bank and in hand | 54/58 | €43,505 | €51,352 | +€7,847 | +18.0% |
| Deferred charges and accrued income | 490/1 | €5,268 | €83,027 | +€77,759 | +1,476% |
| Total equity and liabilities | 10/49 | €164,463 | €443,046 | +€278,582 | +169% |
| Equity | 10/15 | €60,126 | €73,369 | +€13,243 | +22.0% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,126 | €61,369 | +€13,243 | +27.5% |
| Amounts payable | 17/49 | €104,337 | €369,677 | +€265,340 | +254% |
| Amounts payable after more than one year | 17 | €29,056 | €18,953 | -€10,102 | -34.8% |
| Financial debts | 170/4 | €29,056 | €18,953 | -€10,102 | -34.8% |
| Amounts payable within one year | 42/48 | €75,282 | €349,639 | +€274,358 | +364% |
| Current portion of amounts payable after more than one year | 42 | €9,605 | €10,102 | +€497 | +5.2% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €52,165 | €196,470 | +€144,305 | +277% |
| Suppliers | 440/4 | €52,165 | €196,470 | +€144,305 | +277% |
| Taxes, remuneration and social security | 45 | €13,512 | €18,067 | +€4,555 | +33.7% |
| Taxes | 450/3 | €13,512 | €18,067 | +€4,555 | +33.7% |
| Accrued charges and deferred income | 492/3 | - | €1,084 | +€1,084 | |
| Non-recurring operating income | 76A | €2,978 | €0 | -€2,978 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,393 | €29,375 | +€4,982 | +20.4% |
| Other operating charges | 640/8 | €857 | €291 | -€566 | -66.1% |
| Non-recurring operating charges | 66A | €3 | €0 | -€3 | -100% |
| Gross operating margin | 9900 | €73,604 | €51,410 | -€22,194 | -30.2% |
| Operating profit (loss) | 9901 | €48,351 | €21,744 | -€26,607 | -55.0% |
| Financial income | 75/76B | €36 | €14 | -€23 | -62.0% |
| Recurring financial income | 75 | €36 | €14 | -€23 | -62.0% |
| Financial charges | 65/66B | €2,716 | €3,802 | +€1,086 | +40.0% |
| Recurring financial charges | 65 | €2,716 | €3,802 | +€1,086 | +40.0% |
| Profit (loss) for the period before taxes | 9903 | €45,672 | €17,956 | -€27,716 | -60.7% |
| Income taxes | 67/77 | €10,683 | €4,713 | -€5,969 | -55.9% |
| Profit (loss) for the period | 9904 | €34,989 | €13,243 | -€21,746 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,989 | €13,243 | -€21,746 | -62.2% |
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 19 October 2026 via checked.be.