M-t.c.: 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-t.c.
Largest movements
- Cash +€2,179
up €2,179 (+50.5%), from €4,314 to €6,493
mainly Net result for the year (+€14,878) and Tax, wage and social debts (+€3,689)
- Tangible fixed assets +€1,516
up €1,516 (+541,382%), from €0 to €1,516
of which Furniture and vehicles: +€1,516
- Profit (loss) carried forward +€14,878
up €14,878 (+29.1%), from -€51,050 to -€36,172
- Other debts -€14,042
down €14,042 (-54.7%), from €25,677 to €11,635
- Tax, wage and social debts +€3,689
up €3,689 (+520%), from €709 to €4,399
of which Taxes: +€3,282
- Trade debts -€830
down €830 (-37.5%), from €2,214 to €1,383
- Gross operating margin +€26,039
up €26,039, from -€6,033 to €20,006
- Staff costs +€4,409
new in 2025: €4,409
- Other operating charges -€416
down €416 (-51.0%), from €816 to €400
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 | €5,703 | €9,398 | +€3,695 | +64.8% |
| Fixed assets | 21/28 | €800 | €2,316 | +€1,516 | +189% |
| Tangible fixed assets | 22/27 | €0 | €1,516 | +€1,516 | +541,382% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €1,516 | +€1,516 | +541,382% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €4,903 | €7,082 | +€2,179 | +44.5% |
| Amounts receivable within one year | 40/41 | €589 | €589 | = | 0.0% |
| Other amounts receivable | 41 | €589 | €589 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,314 | €6,493 | +€2,179 | +50.5% |
| Total equity and liabilities | 10/49 | €5,703 | €9,398 | +€3,695 | +64.8% |
| Equity | 10/15 | -€37,500 | -€22,622 | +€14,878 | +39.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,150 | €1,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,150 | €1,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,150 | €1,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,050 | -€36,172 | +€14,878 | +29.1% |
| Amounts payable | 17/49 | €43,203 | €32,020 | -€11,183 | -25.9% |
| Amounts payable after more than one year | 17 | €10,000 | €10,000 | = | 0.0% |
| Financial debts | 170/4 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,203 | €22,020 | -€11,183 | -33.7% |
| Trade debts | 44 | €2,214 | €1,383 | -€830 | -37.5% |
| Suppliers | 440/4 | €2,214 | €1,383 | -€830 | -37.5% |
| Advances received on contracts in progress | 46 | €4,602 | €4,602 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €709 | €4,399 | +€3,689 | +520% |
| Taxes | 450/3 | €709 | €3,991 | +€3,282 | +463% |
| Remuneration and social security | 454/9 | - | €408 | +€408 | |
| Other amounts payable | 47/48 | €25,677 | €11,635 | -€14,042 | -54.7% |
| Remuneration, social security and pensions | 62 | - | €4,409 | +€4,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43 | €145 | +€102 | +237% |
| Other operating charges | 640/8 | €816 | €400 | -€416 | -51.0% |
| Gross operating margin | 9900 | -€6,033 | €20,006 | +€26,039 | |
| Operating profit (loss) | 9901 | -€6,892 | €15,053 | +€21,944 | |
| Financial charges | 65/66B | €140 | €175 | +€35 | +24.6% |
| Recurring financial charges | 65 | €140 | €175 | +€35 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,032 | €14,878 | +€21,910 | |
| Profit (loss) for the period | 9904 | -€7,032 | €14,878 | +€21,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,032 | €14,878 | +€21,910 |
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 25 October 2026 via checked.be.