M31: 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.
M31
Largest movements
- Cash +€3,638
up €3,638 (+72.5%), from €5,016 to €8,654
mainly Net result for the year (+€2,762) and Tax, wage and social debts (+€670)
- Stocks and contracts -€444
down €444 (-100%), from €444 to €0
- Reserves +€2,700
new in 2025: €2,700
- Tax, wage and social debts +€670
up €670 (+497%), from €135 to €805
- Trade debts -€200
down €200 (-51.6%), from €387 to €188
- Gross operating margin +€5,460
up €5,460, from -€1,670 to €3,790
- Taxes +€395
up €395, from €0 to €395
- Other operating charges -€281
down €281 (-35.1%), from €800 to €520
- Financial charges +€52
up €52 (+85.6%), from €61 to €113
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 | €5,460 | €8,692 | +€3,232 | +59.2% |
| Current assets | 29/58 | €5,460 | €8,692 | +€3,232 | +59.2% |
| Stocks and contracts in progress | 3 | €444 | €0 | -€444 | -100% |
| Stocks | 30/36 | €444 | €0 | -€444 | -100% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,016 | €8,654 | +€3,638 | +72.5% |
| Deferred charges and accrued income | 490/1 | - | €38 | +€38 | |
| Total equity and liabilities | 10/49 | €5,460 | €8,692 | +€3,232 | +59.2% |
| Equity | 10/15 | €4,938 | €7,700 | +€2,762 | +55.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €2,700 | +€2,700 | |
| Distributable reserves | 133 | - | €2,700 | +€2,700 | |
| Profit (loss) carried forward | 14 | -€62 | €0 | +€62 | |
| Amounts payable | 17/49 | €522 | €992 | +€470 | +90.1% |
| Amounts payable within one year | 42/48 | €522 | €992 | +€470 | +90.1% |
| Trade debts | 44 | €387 | €188 | -€200 | -51.6% |
| Suppliers | 440/4 | €387 | €188 | -€200 | -51.6% |
| Taxes, remuneration and social security | 45 | €135 | €805 | +€670 | +497% |
| Taxes | 450/3 | €135 | €805 | +€670 | +497% |
| Other operating charges | 640/8 | €800 | €520 | -€281 | -35.1% |
| Gross operating margin | 9900 | -€1,670 | €3,790 | +€5,460 | |
| Operating profit (loss) | 9901 | -€2,470 | €3,270 | +€5,740 | |
| Financial charges | 65/66B | €61 | €113 | +€52 | +85.6% |
| Recurring financial charges | 65 | €61 | €113 | +€52 | +85.6% |
| Profit (loss) for the period before taxes | 9903 | -€2,531 | €3,157 | +€5,688 | |
| Income taxes | 67/77 | €0 | €395 | +€395 | |
| Profit (loss) for the period | 9904 | -€2,531 | €2,762 | +€5,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,531 | €2,762 | +€5,293 |
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.