Loodrecht: 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.
Loodrecht
Largest movements
- Cash +€29,254
up €29,254 (+56.3%), from €51,974 to €81,228
mainly Net result for the year (+€33,650) and Tax, wage and social debts (+€5,727)
- Tangible fixed assets +€8,933
new in 2025: €8,933
of which Other tangible fixed assets: +€6,883
- Receivables after one year -€1,295
down €1,295 (-9.9%), from €13,069 to €11,773
- Reserves +€31,984
up €31,984 (+66.5%), from €48,085 to €80,069
- Tax, wage and social debts +€5,727
up €5,727 (+53.6%), from €10,691 to €16,418
- Trade debts -€1,327
down €1,327 (-53.5%), from €2,478 to €1,151
- Gross operating margin -€21,059
down €21,059 (-32.4%), from €65,028 to €43,969
- Taxes -€4,450
down €4,450 (-31.7%), from €14,040 to €9,590
- Other operating charges -€730
down €730 (-57.3%), from €1,274 to €544
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 | €65,043 | €101,934 | +€36,892 | +56.7% |
| Fixed assets | 21/28 | - | €8,933 | +€8,933 | |
| Tangible fixed assets | 22/27 | - | €8,933 | +€8,933 | |
| Furniture and vehicles | 24 | - | €2,050 | +€2,050 | |
| Other tangible fixed assets | 26 | - | €6,883 | +€6,883 | |
| Current assets | 29/58 | €65,043 | €93,001 | +€27,959 | +43.0% |
| Amounts receivable after more than one year | 29 | €13,069 | €11,773 | -€1,295 | -9.9% |
| Trade receivables | 290 | €13,069 | €11,773 | -€1,295 | -9.9% |
| Cash at bank and in hand | 54/58 | €51,974 | €81,228 | +€29,254 | +56.3% |
| Total equity and liabilities | 10/49 | €65,043 | €101,934 | +€36,892 | +56.7% |
| Equity | 10/15 | €49,085 | €81,069 | +€31,984 | +65.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,085 | €80,069 | +€31,984 | +66.5% |
| Distributable reserves | 133 | €48,085 | €80,069 | +€31,984 | +66.5% |
| Amounts payable | 17/49 | €15,958 | €20,866 | +€4,908 | +30.8% |
| Amounts payable within one year | 42/48 | €15,958 | €20,866 | +€4,908 | +30.8% |
| Trade debts | 44 | €2,478 | €1,151 | -€1,327 | -53.5% |
| Suppliers | 440/4 | €2,478 | €1,151 | -€1,327 | -53.5% |
| Taxes, remuneration and social security | 45 | €10,691 | €16,418 | +€5,727 | +53.6% |
| Taxes | 450/3 | €10,691 | €16,418 | +€5,727 | +53.6% |
| Other amounts payable | 47/48 | €2,789 | €3,297 | +€507 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €387 | +€387 | |
| Other operating charges | 640/8 | €1,274 | €544 | -€730 | -57.3% |
| Gross operating margin | 9900 | €65,028 | €43,969 | -€21,059 | -32.4% |
| Operating profit (loss) | 9901 | €63,754 | €43,037 | -€20,716 | -32.5% |
| Financial income | 75/76B | €161 | €387 | +€226 | +140% |
| Recurring financial income | 75 | €161 | €387 | +€226 | +140% |
| Financial charges | 65/66B | €72 | €185 | +€112 | +155% |
| Recurring financial charges | 65 | €72 | €185 | +€112 | +155% |
| Profit (loss) for the period before taxes | 9903 | €63,843 | €43,240 | -€20,602 | -32.3% |
| Income taxes | 67/77 | €14,040 | €9,590 | -€4,450 | -31.7% |
| Profit (loss) for the period | 9904 | €49,803 | €33,650 | -€16,153 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,803 | €33,650 | -€16,153 | -32.4% |
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 19 October 2026 via checked.be.