Line De hert: 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.
Line De hert
Largest movements
- Cash +€36,990
up €36,990 (+25.4%), from €145,587 to €182,577
mainly Other debts (+€93,116) and Investment in fixed assets (net) (+€22,046)
- Tangible fixed assets -€25,446
down €25,446 (-94.0%), from €27,079 to €1,633
of which Furniture and vehicles: -€25,054
- Deferred charges and accrued income +€10,186
up €10,186 (+4,740%), from €215 to €10,401
- Receivables within one year -€9,545
down €9,545 (-64.2%), from €14,873 to €5,328
of which Trade receivables: -€8,519
- Other debts +€93,116
up €93,116 (+815%), from €11,431 to €104,546
- Profit (loss) carried forward -€80,619
down €80,619 (-47.7%), from €169,019 to €88,400
- Gross operating margin -€45,979
down €45,979 (-50.1%), from €91,805 to €45,826
- Taxes -€16,116
down €16,116 (-79.9%), from €20,172 to €4,056
- Depreciation -€8,953
down €8,953 (-72.5%), from €12,353 to €3,399
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 | €187,754 | €199,939 | +€12,185 | +6.5% |
| Fixed assets | 21/28 | €27,079 | €1,633 | -€25,446 | -94.0% |
| Tangible fixed assets | 22/27 | €27,079 | €1,633 | -€25,446 | -94.0% |
| Plant, machinery and equipment | 23 | €691 | €299 | -€392 | -56.8% |
| Furniture and vehicles | 24 | €26,388 | €1,335 | -€25,054 | -94.9% |
| Current assets | 29/58 | €160,674 | €198,306 | +€37,631 | +23.4% |
| Amounts receivable within one year | 40/41 | €14,873 | €5,328 | -€9,545 | -64.2% |
| Trade receivables | 40 | €10,903 | €2,384 | -€8,519 | -78.1% |
| Other amounts receivable | 41 | €3,970 | €2,944 | -€1,026 | -25.8% |
| Cash at bank and in hand | 54/58 | €145,587 | €182,577 | +€36,990 | +25.4% |
| Deferred charges and accrued income | 490/1 | €215 | €10,401 | +€10,186 | +4,740% |
| Total equity and liabilities | 10/49 | €187,754 | €199,939 | +€12,185 | +6.5% |
| Equity | 10/15 | €170,019 | €89,400 | -€80,619 | -47.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,019 | €88,400 | -€80,619 | -47.7% |
| Amounts payable | 17/49 | €17,735 | €110,539 | +€92,804 | +523% |
| Amounts payable within one year | 42/48 | €17,735 | €110,539 | +€92,804 | +523% |
| Trade debts | 44 | €1,160 | €849 | -€312 | -26.9% |
| Suppliers | 440/4 | €1,160 | €849 | -€312 | -26.9% |
| Taxes, remuneration and social security | 45 | €5,144 | €5,144 | = | 0.0% |
| Taxes | 450/3 | €5,144 | €5,144 | = | 0.0% |
| Other amounts payable | 47/48 | €11,431 | €104,546 | +€93,116 | +815% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,353 | €3,399 | -€8,953 | -72.5% |
| Other operating charges | 640/8 | €949 | €570 | -€379 | -39.9% |
| Non-recurring operating charges | 66A | - | €18,296 | +€18,296 | |
| Gross operating margin | 9900 | €91,805 | €45,826 | -€45,979 | -50.1% |
| Operating profit (loss) | 9901 | €78,503 | €23,560 | -€54,943 | -70.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €140 | €122 | -€17 | -12.2% |
| Recurring financial charges | 65 | €140 | €122 | -€17 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €78,364 | €23,438 | -€54,926 | -70.1% |
| Income taxes | 67/77 | €20,172 | €4,056 | -€16,116 | -79.9% |
| Profit (loss) for the period | 9904 | €58,191 | €19,381 | -€38,810 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,191 | €19,381 | -€38,810 | -66.7% |
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 25 October 2026 via checked.be.