Literal: 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.
Literal
Largest movements
- Current investments +€90,037
new in 2025: €90,037
- Cash -€41,640
down €41,640 (-49.7%), from €83,752 to €42,112
mainly Current investments (-€90,037) and Tax, wage and social debts (-€4,063)
- Tangible fixed assets -€4,083
down €4,083 (-95.8%), from €4,262 to €179
- Receivables within one year -€3,600
down €3,600 (-15.2%), from €23,716 to €20,116
of which Trade receivables: -€4,066
- Reserves +€44,825
up €44,825 (+51.4%), from €87,199 to €132,024
- Tax, wage and social debts -€4,063
down €4,063 (-80.4%), from €5,053 to €990
- Gross operating margin -€1,131
down €1,131 (-1.7%), from €68,291 to €67,160
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 | €113,417 | €154,202 | +€40,785 | +36.0% |
| Fixed assets | 21/28 | €4,262 | €179 | -€4,083 | -95.8% |
| Tangible fixed assets | 22/27 | €4,262 | €179 | -€4,083 | -95.8% |
| Furniture and vehicles | 24 | €4,262 | €179 | -€4,083 | -95.8% |
| Current assets | 29/58 | €109,155 | €154,023 | +€44,869 | +41.1% |
| Amounts receivable within one year | 40/41 | €23,716 | €20,116 | -€3,600 | -15.2% |
| Trade receivables | 40 | €23,716 | €19,650 | -€4,066 | -17.1% |
| Other amounts receivable | 41 | €0 | €465 | +€465 | |
| Current investments | 50/53 | - | €90,037 | +€90,037 | |
| Cash at bank and in hand | 54/58 | €83,752 | €42,112 | -€41,640 | -49.7% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,759 | +€72 | +4.3% |
| Total equity and liabilities | 10/49 | €113,417 | €154,202 | +€40,785 | +36.0% |
| Equity | 10/15 | €89,699 | €134,524 | +€44,825 | +50.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €87,199 | €132,024 | +€44,825 | +51.4% |
| Distributable reserves | 133 | €87,199 | €132,024 | +€44,825 | +51.4% |
| Amounts payable | 17/49 | €23,718 | €19,678 | -€4,040 | -17.0% |
| Amounts payable within one year | 42/48 | €23,718 | €19,678 | -€4,040 | -17.0% |
| Trade debts | 44 | €1,165 | €1,188 | +€23 | +1.9% |
| Suppliers | 440/4 | €1,165 | €1,188 | +€23 | +1.9% |
| Taxes, remuneration and social security | 45 | €5,053 | €990 | -€4,063 | -80.4% |
| Taxes | 450/3 | €5,053 | €990 | -€4,063 | -80.4% |
| Other amounts payable | 47/48 | €17,500 | €17,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,083 | €4,083 | = | 0.0% |
| Other operating charges | 640/8 | €305 | €713 | +€408 | +133.6% |
| Gross operating margin | 9900 | €68,291 | €67,160 | -€1,131 | -1.7% |
| Operating profit (loss) | 9901 | €63,902 | €62,363 | -€1,539 | -2.4% |
| Financial income | 75/76B | - | €53 | +€53 | |
| Recurring financial income | 75 | - | €53 | +€53 | |
| Financial charges | 65/66B | €51 | €40 | -€11 | -20.9% |
| Recurring financial charges | 65 | €51 | €40 | -€11 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €63,851 | €62,376 | -€1,475 | -2.3% |
| Income taxes | 67/77 | €17,994 | €17,551 | -€444 | -2.5% |
| Profit (loss) for the period | 9904 | €45,857 | €44,825 | -€1,032 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,857 | €44,825 | -€1,032 | -2.3% |
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 9 October 2026 via checked.be.