LOCAL WEB: 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.
LOCAL WEB
Largest movements
- Cash +€62,743
up €62,743 (+40.9%), from €153,265 to €216,009
mainly Net result for the year (+€180,904) and Receivables within one year (+€32,020)
- Receivables within one year -€32,020
down €32,020 (-46.0%), from €69,550 to €37,531
of which Trade receivables: -€24,925
- Deferred charges and accrued income -€2,931
down €2,931 (-74.6%), from €3,931 to €999
- Profit (loss) carried forward +€60,904
up €60,904 (+50.9%), from €119,630 to €180,534
- Tax, wage and social debts -€34,827
down €34,827 (-44.8%), from €77,664 to €42,837
of which Remuneration and social security: -€48,134
- Staff costs -€175,830
down €175,830, from €143,824 to -€32,005
- Taxes +€34,485
up €34,485 (+151%), from €22,905 to €57,390
- Gross operating margin -€25,415
down €25,415 (-10.6%), from €240,797 to €215,382
- Other operating charges +€4,868
up €4,868 (+795%), from €612 to €5,480
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 | €235,907 | €264,321 | +€28,414 | +12.0% |
| Fixed assets | 21/28 | €9,160 | €9,782 | +€622 | +6.8% |
| Tangible fixed assets | 22/27 | €5,415 | €6,037 | +€622 | +11.5% |
| Plant, machinery and equipment | 23 | €631 | €171 | -€459 | -72.8% |
| Furniture and vehicles | 24 | €4,784 | €5,866 | +€1,081 | +22.6% |
| Financial fixed assets | 28 | €3,745 | €3,745 | = | 0.0% |
| Current assets | 29/58 | €226,746 | €254,539 | +€27,792 | +12.3% |
| Amounts receivable within one year | 40/41 | €69,550 | €37,531 | -€32,020 | -46.0% |
| Trade receivables | 40 | €62,456 | €37,531 | -€24,925 | -39.9% |
| Other amounts receivable | 41 | €7,095 | - | -€7,095 | |
| Cash at bank and in hand | 54/58 | €153,265 | €216,009 | +€62,743 | +40.9% |
| Deferred charges and accrued income | 490/1 | €3,931 | €999 | -€2,931 | -74.6% |
| Total equity and liabilities | 10/49 | €235,907 | €264,321 | +€28,414 | +12.0% |
| Equity | 10/15 | €140,090 | €200,994 | +€60,904 | +43.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,630 | €180,534 | +€60,904 | +50.9% |
| Amounts payable | 17/49 | €95,817 | €63,327 | -€32,490 | -33.9% |
| Amounts payable after more than one year | 17 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 178/9 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,309 | €61,697 | -€32,612 | -34.6% |
| Trade debts | 44 | €16,542 | €17,995 | +€1,453 | +8.8% |
| Suppliers | 440/4 | €16,542 | €17,995 | +€1,453 | +8.8% |
| Taxes, remuneration and social security | 45 | €77,664 | €42,837 | -€34,827 | -44.8% |
| Taxes | 450/3 | €14,481 | €27,787 | +€13,307 | +91.9% |
| Remuneration and social security | 454/9 | €63,183 | €15,050 | -€48,134 | -76.2% |
| Other amounts payable | 47/48 | €103 | €865 | +€762 | +739% |
| Accrued charges and deferred income | 492/3 | €8 | €130 | +€122 | +1,533% |
| Remuneration, social security and pensions | 62 | €143,824 | -€32,005 | -€175,830 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,440 | €5,399 | -€41 | -0.8% |
| Other operating charges | 640/8 | €612 | €5,480 | +€4,868 | +795% |
| Gross operating margin | 9900 | €240,797 | €215,382 | -€25,415 | -10.6% |
| Operating profit (loss) | 9901 | €90,921 | €236,508 | +€145,587 | +160% |
| Financial income | 75/76B | €962 | €2,194 | +€1,231 | +128% |
| Recurring financial income | 75 | €962 | €2,194 | +€1,231 | +128% |
| Financial charges | 65/66B | €348 | €408 | +€59 | +17.0% |
| Recurring financial charges | 65 | €348 | €408 | +€59 | +17.0% |
| Profit (loss) for the period before taxes | 9903 | €91,534 | €238,294 | +€146,759 | +160% |
| Income taxes | 67/77 | €22,905 | €57,390 | +€34,485 | +151% |
| Profit (loss) for the period | 9904 | €68,629 | €180,904 | +€112,275 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €68,629 | €180,904 | +€112,275 | +164% |
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 14 October 2026 via checked.be.