M-Insights: 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.
M-Insights
Largest movements
- Cash +€39,582
up €39,582 (+63.5%), from €62,296 to €101,878
mainly Net result for the year (+€29,406) and Tax, wage and social debts (+€11,310)
- Current investments +€12,000
new in 2025: €12,000
- Receivables within one year -€6,521
down €6,521 (-30.6%), from €21,331 to €14,810
of which Trade receivables: -€6,510
- Reserves +€29,406
up €29,406 (+50.7%), from €57,989 to €87,395
- Tax, wage and social debts +€11,310
up €11,310 (+41.5%), from €27,260 to €38,571
of which Taxes: +€11,230
- Accrued charges and deferred income +€4,340
new in 2025: €4,340
- Gross operating margin -€39,373
down €39,373 (-46.7%), from €84,350 to €44,977
- Taxes -€10,836
down €10,836 (-47.9%), from €22,633 to €11,797
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 | €88,827 | €133,507 | +€44,680 | +50.3% |
| Fixed assets | 21/28 | €5,200 | €4,819 | -€381 | -7.3% |
| Tangible fixed assets | 22/27 | €5,200 | €4,819 | -€381 | -7.3% |
| Furniture and vehicles | 24 | €5,200 | €4,819 | -€381 | -7.3% |
| Current assets | 29/58 | €83,627 | €128,689 | +€45,061 | +53.9% |
| Amounts receivable within one year | 40/41 | €21,331 | €14,810 | -€6,521 | -30.6% |
| Trade receivables | 40 | €21,321 | €14,810 | -€6,510 | -30.5% |
| Other amounts receivable | 41 | €11 | - | -€11 | |
| Current investments | 50/53 | - | €12,000 | +€12,000 | |
| Cash at bank and in hand | 54/58 | €62,296 | €101,878 | +€39,582 | +63.5% |
| Total equity and liabilities | 10/49 | €88,827 | €133,507 | +€44,680 | +50.3% |
| Equity | 10/15 | €59,989 | €89,395 | +€29,406 | +49.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €57,989 | €87,395 | +€29,406 | +50.7% |
| Distributable reserves | 133 | €57,989 | €87,395 | +€29,406 | +50.7% |
| Amounts payable | 17/49 | €28,838 | €44,112 | +€15,274 | +53.0% |
| Amounts payable within one year | 42/48 | €28,838 | €39,773 | +€10,935 | +37.9% |
| Trade debts | 44 | €1,578 | €1,202 | -€376 | -23.8% |
| Suppliers | 440/4 | €1,578 | €1,202 | -€376 | -23.8% |
| Taxes, remuneration and social security | 45 | €27,260 | €38,571 | +€11,310 | +41.5% |
| Taxes | 450/3 | €27,180 | €38,411 | +€11,230 | +41.3% |
| Remuneration and social security | 454/9 | €80 | €160 | +€80 | +100% |
| Accrued charges and deferred income | 492/3 | - | €4,340 | +€4,340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289 | €1,859 | +€570 | +44.2% |
| Gross operating margin | 9900 | €84,350 | €44,977 | -€39,373 | -46.7% |
| Operating profit (loss) | 9901 | €83,061 | €43,118 | -€39,942 | -48.1% |
| Financial income | 75/76B | - | €348 | +€348 | |
| Recurring financial income | 75 | - | €348 | +€348 | |
| Financial charges | 65/66B | €2,438 | €2,263 | -€176 | -7.2% |
| Recurring financial charges | 65 | €2,438 | €2,263 | -€176 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €80,622 | €41,204 | -€39,419 | -48.9% |
| Income taxes | 67/77 | €22,633 | €11,797 | -€10,836 | -47.9% |
| Profit (loss) for the period | 9904 | €57,989 | €29,406 | -€28,583 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,989 | €29,406 | -€28,583 | -49.3% |
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.