LET IT GROW: 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 GROW
Largest movements
- Cash +€56,457
up €56,457 (+275%), from €20,537 to €76,993
mainly Net result for the year (+€53,163) and Receivables within one year (+€22,914)
- Receivables within one year -€22,914
down €22,914 (-75.7%), from €30,259 to €7,346
of which Other amounts receivable: -€18,313
- Stocks and contracts -€4,525
down €4,525 (-13.8%), from €32,785 to €28,260
- Profit (loss) carried forward +€53,162
up €53,162 (+96.8%), from -€54,939 to -€1,777
- Debts after one year -€20,000
down €20,000 (-32.4%), from €61,667 to €41,667
- Advances received -€4,730
down €4,730 (-100%), from €4,730 to €0
- Trade debts +€2,183
up €2,183 (+34.7%), from €6,292 to €8,475
- Tax, wage and social debts -€1,994
down €1,994 (-27.6%), from €7,225 to €5,231
- Gross operating margin +€88,587
up €88,587, from -€28,780 to €59,808
- Taxes +€1,668
new in 2025: €1,668
- Financial charges -€1,229
down €1,229 (-25.4%), from €4,831 to €3,602
- Depreciation +€937
up €937 (+176%), from €532 to €1,469
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 | €87,928 | €117,019 | +€29,091 | +33.1% |
| Fixed assets | 21/28 | €4,347 | €4,421 | +€74 | +1.7% |
| Tangible fixed assets | 22/27 | €3,847 | €3,221 | -€626 | -16.3% |
| Plant, machinery and equipment | 23 | €3,847 | €3,221 | -€626 | -16.3% |
| Financial fixed assets | 28 | €500 | €1,200 | +€700 | +140% |
| Current assets | 29/58 | €83,581 | €112,598 | +€29,017 | +34.7% |
| Stocks and contracts in progress | 3 | €32,785 | €28,260 | -€4,525 | -13.8% |
| Stocks | 30/36 | €32,785 | €28,260 | -€4,525 | -13.8% |
| Amounts receivable within one year | 40/41 | €30,259 | €7,346 | -€22,914 | -75.7% |
| Trade receivables | 40 | €7,166 | €2,565 | -€4,601 | -64.2% |
| Other amounts receivable | 41 | €23,094 | €4,780 | -€18,313 | -79.3% |
| Cash at bank and in hand | 54/58 | €20,537 | €76,993 | +€56,457 | +275% |
| Total equity and liabilities | 10/49 | €87,928 | €117,019 | +€29,091 | +33.1% |
| Equity | 10/15 | -€44,539 | €8,623 | +€53,162 | |
| Contributions | 10/11 | €10,400 | €10,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,939 | -€1,777 | +€53,162 | +96.8% |
| Amounts payable | 17/49 | €132,467 | €108,396 | -€24,071 | -18.2% |
| Amounts payable after more than one year | 17 | €61,667 | €41,667 | -€20,000 | -32.4% |
| Financial debts | 170/4 | €61,667 | €41,667 | -€20,000 | -32.4% |
| Amounts payable within one year | 42/48 | €70,800 | €66,729 | -€4,071 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €6,292 | €8,475 | +€2,183 | +34.7% |
| Suppliers | 440/4 | €6,292 | €8,475 | +€2,183 | +34.7% |
| Advances received on contracts in progress | 46 | €4,730 | €0 | -€4,730 | -100% |
| Taxes, remuneration and social security | 45 | €7,225 | €5,231 | -€1,994 | -27.6% |
| Taxes | 450/3 | €7,225 | €5,231 | -€1,994 | -27.6% |
| Other amounts payable | 47/48 | €32,553 | €33,023 | +€470 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €532 | €1,469 | +€937 | +176% |
| Other operating charges | 640/8 | €96 | - | -€96 | |
| Gross operating margin | 9900 | -€28,780 | €59,808 | +€88,587 | |
| Operating profit (loss) | 9901 | -€29,408 | €58,338 | +€87,746 | |
| Financial income | 75/76B | €277 | €95 | -€182 | -65.6% |
| Recurring financial income | 75 | €277 | €95 | -€182 | -65.6% |
| Financial charges | 65/66B | €4,831 | €3,602 | -€1,229 | -25.4% |
| Recurring financial charges | 65 | €4,831 | €3,602 | -€1,229 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | -€33,962 | €54,831 | +€88,794 | |
| Income taxes | 67/77 | - | €1,668 | +€1,668 | |
| Profit (loss) for the period | 9904 | -€33,962 | €53,163 | +€87,125 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,962 | €53,163 | +€87,125 |
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 18 October 2026 via checked.be.