Ltext: 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.
Ltext
Largest movements
- Stocks and contracts +€7,607
up €7,607 (+81.7%), from €9,313 to €16,920
- Cash +€5,603
up €5,603 (+38.6%), from €14,524 to €20,128
mainly Net result for the year (+€8,130) and Trade debts (+€5,200)
- Receivables within one year -€1,008
down €1,008 (-63.5%), from €1,588 to €580
of which Trade receivables: -€1,202
- Deferred charges and accrued income +€688
up €688 (+110%), from €624 to €1,313
- Profit (loss) carried forward +€8,130
up €8,130 (+19.6%), from -€41,550 to -€33,420
- Trade debts +€5,200
up €5,200 (+359%), from €1,450 to €6,650
- Tax, wage and social debts -€515
down €515 (-24.1%), from €2,138 to €1,623
- Purchases and services -€91,349
no longer reported in 2025 (was €91,349)
- Turnover -€76,386
no longer reported in 2025 (was €76,386)
- Gross operating margin +€25,036
up €25,036, from -€14,963 to €10,073
- Financial charges +€1,120
up €1,120 (+698%), from €160 to €1,280
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 | €26,580 | €39,394 | +€12,814 | +48.2% |
| Fixed assets | 21/28 | €529 | €454 | -€76 | -14.3% |
| Tangible fixed assets | 22/27 | €166 | €91 | -€76 | -45.5% |
| Furniture and vehicles | 24 | €166 | €91 | -€76 | -45.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €26,050 | €38,940 | +€12,890 | +49.5% |
| Stocks and contracts in progress | 3 | €9,313 | €16,920 | +€7,607 | +81.7% |
| Stocks | 30/36 | €9,313 | €16,920 | +€7,607 | +81.7% |
| Amounts receivable within one year | 40/41 | €1,588 | €580 | -€1,008 | -63.5% |
| Trade receivables | 40 | €1,579 | €377 | -€1,202 | -76.1% |
| Other amounts receivable | 41 | €10 | €203 | +€194 | +1,980% |
| Cash at bank and in hand | 54/58 | €14,524 | €20,128 | +€5,603 | +38.6% |
| Deferred charges and accrued income | 490/1 | €624 | €1,313 | +€688 | +110% |
| Total equity and liabilities | 10/49 | €26,580 | €39,394 | +€12,814 | +48.2% |
| Equity | 10/15 | €22,950 | €31,080 | +€8,130 | +35.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,550 | -€33,420 | +€8,130 | +19.6% |
| Amounts payable | 17/49 | €3,629 | €8,314 | +€4,685 | +129% |
| Amounts payable within one year | 42/48 | €3,629 | €8,314 | +€4,685 | +129% |
| Trade debts | 44 | €1,450 | €6,650 | +€5,200 | +359% |
| Suppliers | 440/4 | €1,450 | €6,650 | +€5,200 | +359% |
| Taxes, remuneration and social security | 45 | €2,138 | €1,623 | -€515 | -24.1% |
| Taxes | 450/3 | €2,138 | €1,623 | -€515 | -24.1% |
| Other amounts payable | 47/48 | €41 | €41 | -€0 | -1.0% |
| Turnover | 70 | €76,386 | - | -€76,386 | |
| Goods, raw materials, services and sundry goods | 60/61 | €91,349 | - | -€91,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76 | €76 | = | 0.0% |
| Other operating charges | 640/8 | €686 | €697 | +€11 | +1.7% |
| Gross operating margin | 9900 | -€14,963 | €10,073 | +€25,036 | |
| Operating profit (loss) | 9901 | -€15,725 | €9,300 | +€25,025 | |
| Financial income | 75/76B | €33 | €110 | +€77 | +235% |
| Recurring financial income | 75 | €33 | €110 | +€77 | +235% |
| Financial charges | 65/66B | €160 | €1,280 | +€1,120 | +698% |
| Recurring financial charges | 65 | €160 | €1,280 | +€1,120 | +698% |
| Profit (loss) for the period before taxes | 9903 | -€15,852 | €8,130 | +€23,982 | |
| Profit (loss) for the period | 9904 | -€15,852 | €8,130 | +€23,982 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,852 | €8,130 | +€23,982 |
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 13 October 2026 via checked.be.