LIVE LINE: 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.
LIVE LINE
Largest movements
- Cash +€89,894
up €89,894 (+22.5%), from €399,476 to €489,370
mainly Net result for the year (+€57,753) and Receivables within one year (+€39,887)
- Receivables within one year -€39,887
down €39,887 (-65.3%), from €61,123 to €21,236
of which Trade receivables: -€31,324
- Tangible fixed assets -€13,916
down €13,916 (-7.9%), from €176,472 to €162,556
of which Furniture and vehicles: -€13,620
- Reserves +€57,753
up €57,753 (+24.2%), from €238,296 to €296,048
of which Distributable reserves: +€57,753
- Tax, wage and social debts +€32,325
new in 2025: €32,325
- Other debts -€29,433
down €29,433 (-40.9%), from €72,030 to €42,597
- Accrued charges and deferred income -€17,736
down €17,736 (-57.0%), from €31,102 to €13,366
- Trade debts -€6,816
down €6,816 (-41.7%), from €16,360 to €9,544
- Gross operating margin -€6,919
down €6,919 (-5.1%), from €135,666 to €128,747
- Depreciation +€5,567
up €5,567 (+23.2%), from €23,990 to €29,557
- Taxes -€4,064
down €4,064 (-12.3%), from €33,161 to €29,097
- Financial charges +€3,608
up €3,608 (+204%), from €1,770 to €5,378
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 | €637,107 | €673,198 | +€36,091 | +5.7% |
| Fixed assets | 21/28 | €176,508 | €162,592 | -€13,916 | -7.9% |
| Tangible fixed assets | 22/27 | €176,472 | €162,556 | -€13,916 | -7.9% |
| Land and buildings | 22 | €94,200 | €94,200 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,028 | €732 | -€296 | -28.8% |
| Furniture and vehicles | 24 | €81,244 | €67,624 | -€13,620 | -16.8% |
| Financial fixed assets | 28 | €36 | €36 | = | 0.0% |
| Current assets | 29/58 | €460,599 | €510,606 | +€50,007 | +10.9% |
| Amounts receivable within one year | 40/41 | €61,123 | €21,236 | -€39,887 | -65.3% |
| Trade receivables | 40 | €52,561 | €21,236 | -€31,324 | -59.6% |
| Other amounts receivable | 41 | €8,563 | - | -€8,563 | |
| Cash at bank and in hand | 54/58 | €399,476 | €489,370 | +€89,894 | +22.5% |
| Total equity and liabilities | 10/49 | €637,107 | €673,198 | +€36,091 | +5.7% |
| Equity | 10/15 | €517,615 | €575,367 | +€57,753 | +11.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €238,296 | €296,048 | +€57,753 | +24.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €236,436 | €294,189 | +€57,753 | +24.4% |
| Profit (loss) carried forward | 14 | €266,919 | €266,919 | = | 0.0% |
| Amounts payable | 17/49 | €119,492 | €97,831 | -€21,662 | -18.1% |
| Amounts payable within one year | 42/48 | €88,390 | €84,465 | -€3,925 | -4.4% |
| Trade debts | 44 | €16,360 | €9,544 | -€6,816 | -41.7% |
| Suppliers | 440/4 | €16,360 | €9,544 | -€6,816 | -41.7% |
| Taxes, remuneration and social security | 45 | - | €32,325 | +€32,325 | |
| Taxes | 450/3 | - | €32,325 | +€32,325 | |
| Other amounts payable | 47/48 | €72,030 | €42,597 | -€29,433 | -40.9% |
| Accrued charges and deferred income | 492/3 | €31,102 | €13,366 | -€17,736 | -57.0% |
| Remuneration, social security and pensions | 62 | €27 | - | -€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,990 | €29,557 | +€5,567 | +23.2% |
| Other operating charges | 640/8 | €7,389 | €6,964 | -€425 | -5.8% |
| Gross operating margin | 9900 | €135,666 | €128,747 | -€6,919 | -5.1% |
| Operating profit (loss) | 9901 | €104,261 | €92,227 | -€12,034 | -11.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,770 | €5,378 | +€3,608 | +204% |
| Recurring financial charges | 65 | €1,770 | €5,378 | +€3,608 | +204% |
| Profit (loss) for the period before taxes | 9903 | €102,491 | €86,849 | -€15,642 | -15.3% |
| Income taxes | 67/77 | €33,161 | €29,097 | -€4,064 | -12.3% |
| Profit (loss) for the period | 9904 | €69,330 | €57,753 | -€11,577 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €69,330 | €57,753 | -€11,577 | -16.7% |
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 17 October 2026 via checked.be.