Lot: 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.
Lot
Largest movements
- Cash +€71,967
up €71,967 (+22.1%), from €326,376 to €398,342
mainly Net result for the year (+€73,584) and Receivables within one year (+€16,238)
- Receivables within one year -€16,238
down €16,238 (-29.4%), from €55,240 to €39,002
of which Trade receivables: -€16,520
- Reserves +€72,751
up €72,751 (+20.6%), from €352,783 to €425,534
of which Distributable reserves: +€72,751
- Tax, wage and social debts -€16,510
down €16,510 (-63.6%), from €25,967 to €9,457
of which Taxes: -€13,547
- Gross operating margin +€7,158
up €7,158 (+7.4%), from €96,768 to €103,926
- Taxes -€3,405
down €3,405 (-10.9%), from €31,123 to €27,718
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 | €388,270 | €445,535 | +€57,265 | +14.7% |
| Fixed assets | 21/28 | €6,654 | €8,190 | +€1,536 | +23.1% |
| Tangible fixed assets | 22/27 | €6,654 | €8,190 | +€1,536 | +23.1% |
| Plant, machinery and equipment | 23 | €6,654 | €5,190 | -€1,464 | -22.0% |
| Other tangible fixed assets | 26 | - | €3,000 | +€3,000 | |
| Current assets | 29/58 | €381,616 | €437,345 | +€55,729 | +14.6% |
| Amounts receivable within one year | 40/41 | €55,240 | €39,002 | -€16,238 | -29.4% |
| Trade receivables | 40 | €55,240 | €38,720 | -€16,520 | -29.9% |
| Other amounts receivable | 41 | - | €282 | +€282 | |
| Cash at bank and in hand | 54/58 | €326,376 | €398,342 | +€71,967 | +22.1% |
| Total equity and liabilities | 10/49 | €388,270 | €445,535 | +€57,265 | +14.7% |
| Equity | 10/15 | €356,783 | €429,534 | +€72,751 | +20.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €352,783 | €425,534 | +€72,751 | +20.6% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €352,383 | €425,134 | +€72,751 | +20.6% |
| Amounts payable | 17/49 | €31,486 | €16,000 | -€15,486 | -49.2% |
| Amounts payable within one year | 42/48 | €31,186 | €15,700 | -€15,486 | -49.7% |
| Trade debts | 44 | €1,620 | €581 | -€1,039 | -64.1% |
| Suppliers | 440/4 | €1,620 | €581 | -€1,039 | -64.1% |
| Taxes, remuneration and social security | 45 | €25,967 | €9,457 | -€16,510 | -63.6% |
| Taxes | 450/3 | €20,005 | €6,458 | -€13,547 | -67.7% |
| Remuneration and social security | 454/9 | €5,962 | €2,999 | -€2,963 | -49.7% |
| Other amounts payable | 47/48 | €3,599 | €5,662 | +€2,063 | +57.3% |
| Accrued charges and deferred income | 492/3 | €300 | €300 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €449 | €541 | +€92 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €666 | €1,464 | +€798 | +120% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €96,768 | €103,926 | +€7,158 | +7.4% |
| Operating profit (loss) | 9901 | €95,147 | €101,402 | +€6,255 | +6.6% |
| Financial charges | 65/66B | €122 | €100 | -€21 | -17.5% |
| Recurring financial charges | 65 | €122 | €100 | -€21 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €95,026 | €101,302 | +€6,276 | +6.6% |
| Income taxes | 67/77 | €31,123 | €27,718 | -€3,405 | -10.9% |
| Profit (loss) for the period | 9904 | €63,903 | €73,584 | +€9,681 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,903 | €73,584 | +€9,681 | +15.1% |
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 20 October 2026 via checked.be.