Let's C: 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.
Let's C
Largest movements
- Receivables within one year +€5,035
up €5,035 (+89.9%), from €5,602 to €10,637
of which Trade receivables: +€4,180
- Tangible fixed assets +€3,106
up €3,106 (+115.5%), from €2,690 to €5,796
of which Other tangible fixed assets: +€4,612
- Cash -€2,553
down €2,553 (-13.8%), from €18,546 to €15,993
mainly Contributions, distributions and other (-€32,284) and Receivables within one year (-€5,035)
- Intangible fixed assets -€1,650
down €1,650 (-25.9%), from €6,365 to €4,715
- Deferred charges and accrued income -€1,595
down €1,595 (-34.2%), from €4,666 to €3,072
- Other debts +€26,255
up €26,255 (+335.9%), from €7,817 to €34,071
- Profit (loss) carried forward -€17,833
no longer reported in 2025 (was €17,833)
- Trade debts -€3,431
down €3,431 (-85.3%), from €4,023 to €592
- Tax, wage and social debts -€2,632
down €2,632 (-42.7%), from €6,160 to €3,528
- Gross operating margin -€3,930
down €3,930 (-16.2%), from €24,228 to €20,298
- Financial charges -€686
down €686 (-28.1%), from €2,445 to €1,758
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 | €37,870 | €40,212 | +€2,343 | +6.2% |
| Fixed assets | 21/28 | €9,055 | €10,511 | +€1,456 | +16.1% |
| Intangible fixed assets | 21 | €6,365 | €4,715 | -€1,650 | -25.9% |
| Tangible fixed assets | 22/27 | €2,690 | €5,796 | +€3,106 | +115.5% |
| Furniture and vehicles | 24 | €2,690 | €1,184 | -€1,506 | -56.0% |
| Other tangible fixed assets | 26 | - | €4,612 | +€4,612 | |
| Current assets | 29/58 | €28,815 | €29,702 | +€887 | +3.1% |
| Amounts receivable within one year | 40/41 | €5,602 | €10,637 | +€5,035 | +89.9% |
| Trade receivables | 40 | €5,600 | €9,780 | +€4,180 | +74.7% |
| Other amounts receivable | 41 | €3 | €857 | +€855 | +33782.6% |
| Cash at bank and in hand | 54/58 | €18,546 | €15,993 | -€2,553 | -13.8% |
| Deferred charges and accrued income | 490/1 | €4,666 | €3,072 | -€1,595 | -34.2% |
| Total equity and liabilities | 10/49 | €37,870 | €40,212 | +€2,343 | +6.2% |
| Equity | 10/15 | €19,833 | €2,000 | -€17,833 | -89.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,833 | - | -€17,833 | |
| Amounts payable | 17/49 | €18,036 | €38,212 | +€20,176 | +111.9% |
| Amounts payable within one year | 42/48 | €18,014 | €38,206 | +€20,192 | +112.1% |
| Financial debts | 43 | €14 | €15 | +€1 | +5.0% |
| Credit institutions | 430/8 | €14 | €15 | +€1 | +5.0% |
| Trade debts | 44 | €4,023 | €592 | -€3,431 | -85.3% |
| Suppliers | 440/4 | €4,023 | €592 | -€3,431 | -85.3% |
| Taxes, remuneration and social security | 45 | €6,160 | €3,528 | -€2,632 | -42.7% |
| Taxes | 450/3 | €6,160 | €3,528 | -€2,632 | -42.7% |
| Other amounts payable | 47/48 | €7,817 | €34,071 | +€26,255 | +335.9% |
| Accrued charges and deferred income | 492/3 | €23 | €6 | -€16 | -72.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,405 | €3,544 | +€138 | +4.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €24,228 | €20,298 | -€3,930 | -16.2% |
| Operating profit (loss) | 9901 | €20,435 | €16,354 | -€4,081 | -20.0% |
| Financial charges | 65/66B | €2,445 | €1,758 | -€686 | -28.1% |
| Recurring financial charges | 65 | €2,445 | €1,758 | -€686 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €17,991 | €14,596 | -€3,395 | -18.9% |
| Income taxes | 67/77 | €157 | €145 | -€12 | -7.7% |
| Profit (loss) for the period | 9904 | €17,833 | €14,450 | -€3,383 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,833 | €14,450 | -€3,383 | -19.0% |
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 4 October 2026 via checked.be.