LOCATIONPERSPECTIVES: 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.
LOCATIONPERSPECTIVES
Largest movements
- Cash +€114,941
up €114,941 (+232.3%), from €49,470 to €164,411
mainly Net result for the year (+€100,477) and Other debts (+€84,841)
- Financial fixed assets +€5,253
up €5,253 (+48.4%), from €10,862 to €16,115
- Receivables within one year +€3,467
up €3,467 (+21.3%), from €16,276 to €19,743
of which Trade receivables: +€3,159
- Tangible fixed assets +€2,835
up €2,835 (+122.2%), from €2,320 to €5,155
of which Furniture and vehicles: +€2,835
- Deferred charges and accrued income -€2,541
down €2,541 (-39.7%), from €6,406 to €3,866
- Other debts +€84,841
up €84,841 (+258.5%), from €32,815 to €117,657
- Profit (loss) carried forward +€40,477
up €40,477 (+354.0%), from €11,433 to €51,910
- Short-term financial debts -€5,067
no longer reported in 2025 (was €5,067)
- Tax, wage and social debts +€4,116
up €4,116 (+39.6%), from €10,390 to €14,506
of which Remuneration and social security: +€14,201
- Gross operating margin +€174,619
up €174,619, from -€37,023 to €137,595
- Taxes +€24,036
up €24,036, from -€510 to €23,526
- Financial charges +€10,578
up €10,578 (+255.0%), from €4,149 to €14,727
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 | €85,335 | €209,290 | +€123,955 | +145.3% |
| Fixed assets | 21/28 | €13,182 | €21,270 | +€8,088 | +61.4% |
| Tangible fixed assets | 22/27 | €2,320 | €5,155 | +€2,835 | +122.2% |
| Plant, machinery and equipment | 23 | €579 | €579 | = | 0.0% |
| Furniture and vehicles | 24 | €1,741 | €4,576 | +€2,835 | +162.9% |
| Financial fixed assets | 28 | €10,862 | €16,115 | +€5,253 | +48.4% |
| Current assets | 29/58 | €72,153 | €188,020 | +€115,867 | +160.6% |
| Amounts receivable within one year | 40/41 | €16,276 | €19,743 | +€3,467 | +21.3% |
| Trade receivables | 40 | €4 | €3,163 | +€3,159 | +85377.0% |
| Other amounts receivable | 41 | €16,273 | €16,581 | +€308 | +1.9% |
| Cash at bank and in hand | 54/58 | €49,470 | €164,411 | +€114,941 | +232.3% |
| Deferred charges and accrued income | 490/1 | €6,406 | €3,866 | -€2,541 | -39.7% |
| Total equity and liabilities | 10/49 | €85,335 | €209,290 | +€123,955 | +145.3% |
| Equity | 10/15 | €36,433 | €76,910 | +€40,477 | +111.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,433 | €51,910 | +€40,477 | +354.0% |
| Amounts payable | 17/49 | €48,902 | €132,380 | +€83,478 | +170.7% |
| Amounts payable within one year | 42/48 | €48,882 | €132,380 | +€83,498 | +170.8% |
| Financial debts | 43 | €5,067 | - | -€5,067 | |
| Credit institutions | 430/8 | €5,067 | - | -€5,067 | |
| Trade debts | 44 | €609 | €218 | -€392 | -64.3% |
| Suppliers | 440/4 | €609 | €218 | -€392 | -64.3% |
| Taxes, remuneration and social security | 45 | €10,390 | €14,506 | +€4,116 | +39.6% |
| Taxes | 450/3 | €10,390 | €305 | -€10,085 | -97.1% |
| Remuneration and social security | 454/9 | - | €14,201 | +€14,201 | |
| Other amounts payable | 47/48 | €32,815 | €117,657 | +€84,841 | +258.5% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,465 | €941 | -€523 | -35.7% |
| Other operating charges | 640/8 | €2,105 | €1,218 | -€888 | -42.2% |
| Non-recurring operating charges | 66A | €101 | - | -€101 | |
| Gross operating margin | 9900 | -€37,023 | €137,595 | +€174,619 | |
| Operating profit (loss) | 9901 | -€40,695 | €135,436 | +€176,131 | |
| Financial income | 75/76B | €3,865 | €3,294 | -€571 | -14.8% |
| Recurring financial income | 75 | €3,865 | €3,294 | -€571 | -14.8% |
| Financial charges | 65/66B | €4,149 | €14,727 | +€10,578 | +255.0% |
| Recurring financial charges | 65 | €4,149 | €14,727 | +€10,578 | +255.0% |
| Profit (loss) for the period before taxes | 9903 | -€40,978 | €124,003 | +€164,982 | |
| Income taxes | 67/77 | -€510 | €23,526 | +€24,036 | |
| Profit (loss) for the period | 9904 | -€40,468 | €100,477 | +€140,945 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,468 | €100,477 | +€140,945 |
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 7 October 2026 via checked.be.