LOOK TWICE: 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.
LOOK TWICE
Largest movements
- Cash -€18,173
down €18,173 (-59.9%), from €30,317 to €12,144
mainly Other debts (-€38,250) and Receivables within one year (-€16,045)
- Receivables within one year +€16,045
up €16,045 (+88.2%), from €18,185 to €34,230
- Tangible fixed assets +€5,448
up €5,448 (+97.1%), from €5,609 to €11,057
of which Furniture and vehicles: +€6,833
- Other debts -€38,250
no longer reported in 2025 (was €38,250)
- Advances received +€16,639
up €16,639 (+188.3%), from €8,836 to €25,475
- Accrued charges and deferred income +€14,036
new in 2025: €14,036
- Reserves +€9,500
up €9,500 (+572.6%), from €1,659 to €11,159
of which Distributable reserves: +€9,500
- Tax, wage and social debts +€1,752
up €1,752 (+7.5%), from €23,252 to €25,004
of which Remuneration and social security: +€1,473
- Gross operating margin +€22,278
up €22,278 (+32.0%), from €69,602 to €91,880
- Staff costs +€16,986
up €16,986 (+30.8%), from €55,078 to €72,064
- Taxes +€1,632
up €1,632 (+39.4%), from €4,138 to €5,770
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 | €81,392 | €84,189 | +€2,797 | +3.4% |
| Fixed assets | 21/28 | €5,719 | €11,167 | +€5,448 | +95.3% |
| Tangible fixed assets | 22/27 | €5,609 | €11,057 | +€5,448 | +97.1% |
| Land and buildings | 22 | €3,247 | €2,356 | -€891 | -27.4% |
| Plant, machinery and equipment | 23 | €939 | €445 | -€494 | -52.6% |
| Furniture and vehicles | 24 | €1,423 | €8,256 | +€6,833 | +480.2% |
| Financial fixed assets | 28 | €110 | €110 | = | 0.0% |
| Current assets | 29/58 | €75,673 | €73,022 | -€2,651 | -3.5% |
| Amounts receivable after more than one year | 29 | €26,041 | €25,915 | -€126 | -0.5% |
| Other amounts receivable | 291 | €26,041 | €25,915 | -€126 | -0.5% |
| Amounts receivable within one year | 40/41 | €18,185 | €34,230 | +€16,045 | +88.2% |
| Trade receivables | 40 | €18,185 | €34,230 | +€16,045 | +88.2% |
| Cash at bank and in hand | 54/58 | €30,317 | €12,144 | -€18,173 | -59.9% |
| Deferred charges and accrued income | 490/1 | €1,130 | €733 | -€397 | -35.1% |
| Total equity and liabilities | 10/49 | €81,392 | €84,189 | +€2,797 | +3.4% |
| Equity | 10/15 | €4,524 | €14,059 | +€9,535 | +210.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €1,659 | €11,159 | +€9,500 | +572.6% |
| Non-distributable reserves | 130/1 | €1,659 | €1,659 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,659 | €1,659 | = | 0.0% |
| Distributable reserves | 133 | - | €9,500 | +€9,500 | |
| Profit (loss) carried forward | 14 | €1,865 | €1,900 | +€35 | +1.9% |
| Amounts payable | 17/49 | €76,868 | €70,130 | -€6,738 | -8.8% |
| Amounts payable within one year | 42/48 | €76,868 | €56,094 | -€20,774 | -27.0% |
| Trade debts | 44 | €6,530 | €5,615 | -€915 | -14.0% |
| Suppliers | 440/4 | €6,530 | €5,615 | -€915 | -14.0% |
| Advances received on contracts in progress | 46 | €8,836 | €25,475 | +€16,639 | +188.3% |
| Taxes, remuneration and social security | 45 | €23,252 | €25,004 | +€1,752 | +7.5% |
| Taxes | 450/3 | €15,786 | €16,065 | +€279 | +1.8% |
| Remuneration and social security | 454/9 | €7,466 | €8,939 | +€1,473 | +19.7% |
| Other amounts payable | 47/48 | €38,250 | - | -€38,250 | |
| Accrued charges and deferred income | 492/3 | - | €14,036 | +€14,036 | |
| Remuneration, social security and pensions | 62 | €55,078 | €72,064 | +€16,986 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,234 | €2,636 | +€402 | +18.0% |
| Other operating charges | 640/8 | €946 | €1,481 | +€535 | +56.6% |
| Gross operating margin | 9900 | €69,602 | €91,880 | +€22,278 | +32.0% |
| Operating profit (loss) | 9901 | €11,344 | €15,699 | +€4,355 | +38.4% |
| Financial income | 75/76B | €266 | €257 | -€9 | -3.4% |
| Recurring financial income | 75 | €266 | €257 | -€9 | -3.4% |
| Financial charges | 65/66B | €785 | €651 | -€134 | -17.1% |
| Recurring financial charges | 65 | €785 | €651 | -€134 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €10,825 | €15,305 | +€4,480 | +41.4% |
| Income taxes | 67/77 | €4,138 | €5,770 | +€1,632 | +39.4% |
| Profit (loss) for the period | 9904 | €6,687 | €9,535 | +€2,848 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,687 | €9,535 | +€2,848 | +42.6% |
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 10 October 2026 via checked.be.