M-Y 14: 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-Y 14
Largest movements
- Tangible fixed assets +€7,102
up €7,102 (+609%), from €1,167 to €8,269
- Cash +€3,304
up €3,304 (+64.8%), from €5,102 to €8,406
mainly Advances received (+€16,799) and Net result for the year (+€4,671)
- Receivables within one year -€2,957
down €2,957 (-41.3%), from €7,156 to €4,199
of which Trade receivables: -€6,459
- Advances received +€16,799
new in 2025: €16,799
- Trade debts -€10,174
no longer reported in 2025 (was €10,174)
- Profit (loss) carried forward +€4,671
up €4,671, from -€596 to €4,075
- Other debts -€3,847
no longer reported in 2025 (was €3,847)
- Turnover +€53,170
up €53,170 (+109%), from €48,907 to €102,077
- Purchases and services +€50,647
up €50,647 (+112%), from €45,167 to €95,814
- Gross operating margin +€2,524
up €2,524 (+67.5%), from €3,740 to €6,263
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 | €13,425 | €20,873 | +€7,449 | +55.5% |
| Fixed assets | 21/28 | €1,167 | €8,269 | +€7,102 | +609% |
| Tangible fixed assets | 22/27 | €1,167 | €8,269 | +€7,102 | +609% |
| Furniture and vehicles | 24 | €1,167 | €8,269 | +€7,102 | +609% |
| Current assets | 29/58 | €12,258 | €12,605 | +€347 | +2.8% |
| Amounts receivable within one year | 40/41 | €7,156 | €4,199 | -€2,957 | -41.3% |
| Trade receivables | 40 | €6,459 | - | -€6,459 | |
| Other amounts receivable | 41 | €696 | €4,199 | +€3,503 | +503% |
| Cash at bank and in hand | 54/58 | €5,102 | €8,406 | +€3,304 | +64.8% |
| Total equity and liabilities | 10/49 | €13,425 | €20,873 | +€7,449 | +55.5% |
| Equity | 10/15 | -€596 | €4,075 | +€4,671 | |
| Profit (loss) carried forward | 14 | -€596 | €4,075 | +€4,671 | |
| Amounts payable | 17/49 | €14,020 | €16,799 | +€2,778 | +19.8% |
| Amounts payable within one year | 42/48 | €14,020 | €16,799 | +€2,778 | +19.8% |
| Trade debts | 44 | €10,174 | - | -€10,174 | |
| Suppliers | 440/4 | €10,174 | - | -€10,174 | |
| Advances received on contracts in progress | 46 | - | €16,799 | +€16,799 | |
| Other amounts payable | 47/48 | €3,847 | - | -€3,847 | |
| Turnover | 70 | €48,907 | €102,077 | +€53,170 | +109% |
| Goods, raw materials, services and sundry goods | 60/61 | €45,167 | €95,814 | +€50,647 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €933 | €1,163 | +€230 | +24.6% |
| Other operating charges | 640/8 | €441 | €277 | -€165 | -37.3% |
| Gross operating margin | 9900 | €3,740 | €6,263 | +€2,524 | +67.5% |
| Operating profit (loss) | 9901 | €2,365 | €4,824 | +€2,459 | +104% |
| Financial charges | 65/66B | €141 | €153 | +€13 | +9.1% |
| Recurring financial charges | 65 | €141 | €153 | +€13 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €2,225 | €4,671 | +€2,446 | +110% |
| Income taxes | 67/77 | €896 | - | -€896 | |
| Profit (loss) for the period | 9904 | €1,329 | €4,671 | +€3,341 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €1,329 | €4,671 | +€3,341 | +251% |
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 24 October 2026 via checked.be.