MAKE IT COUNT: 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.
MAKE IT COUNT
Largest movements
- Cash -€36,958
down €36,958 (-40.5%), from €91,339 to €54,382
mainly Contributions, distributions and other (-€36,564) and Receivables within one year (-€22,746)
- Receivables within one year +€22,746
up €22,746 (+1,718%), from €1,324 to €24,070
of which Trade receivables: +€20,794
- Tangible fixed assets +€3,594
up €3,594 (+42.0%), from €8,562 to €12,156
of which Furniture and vehicles: +€2,985
- Reserves -€19,418
down €19,418 (-22.0%), from €88,168 to €68,750
- Tax, wage and social debts +€5,926
up €5,926 (+170%), from €3,492 to €9,419
- Other debts +€1,645
up €1,645 (+3,584%), from €46 to €1,691
- Trade debts +€1,328
up €1,328 (+41.2%), from €3,221 to €4,549
- Gross operating margin -€17,320
down €17,320 (-35.3%), from €49,090 to €31,770
- Taxes -€4,646
down €4,646 (-31.4%), from €14,796 to €10,150
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 | €101,226 | €90,608 | -€10,618 | -10.5% |
| Fixed assets | 21/28 | €8,562 | €12,156 | +€3,594 | +42.0% |
| Tangible fixed assets | 22/27 | €8,562 | €12,156 | +€3,594 | +42.0% |
| Land and buildings | 22 | €4,340 | €4,340 | = | 0.0% |
| Plant, machinery and equipment | 23 | €791 | €1,400 | +€609 | +76.9% |
| Furniture and vehicles | 24 | €3,432 | €6,417 | +€2,985 | +87.0% |
| Current assets | 29/58 | €92,664 | €78,452 | -€14,212 | -15.3% |
| Amounts receivable within one year | 40/41 | €1,324 | €24,070 | +€22,746 | +1,718% |
| Trade receivables | 40 | €70 | €20,864 | +€20,794 | +29,621% |
| Other amounts receivable | 41 | €1,254 | €3,206 | +€1,952 | +156% |
| Cash at bank and in hand | 54/58 | €91,339 | €54,382 | -€36,958 | -40.5% |
| Total equity and liabilities | 10/49 | €101,226 | €90,608 | -€10,618 | -10.5% |
| Equity | 10/15 | €94,368 | €74,950 | -€19,418 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €88,168 | €68,750 | -€19,418 | -22.0% |
| Distributable reserves | 133 | €88,168 | €68,750 | -€19,418 | -22.0% |
| Amounts payable | 17/49 | €6,858 | €15,658 | +€8,800 | +128% |
| Amounts payable within one year | 42/48 | €6,759 | €15,658 | +€8,899 | +132% |
| Trade debts | 44 | €3,221 | €4,549 | +€1,328 | +41.2% |
| Suppliers | 440/4 | €3,221 | €4,549 | +€1,328 | +41.2% |
| Taxes, remuneration and social security | 45 | €3,492 | €9,419 | +€5,926 | +170% |
| Taxes | 450/3 | €3,492 | €9,419 | +€5,926 | +170% |
| Other amounts payable | 47/48 | €46 | €1,691 | +€1,645 | +3,584% |
| Accrued charges and deferred income | 492/3 | €99 | - | -€99 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,708 | €1,821 | +€113 | +6.6% |
| Other operating charges | 640/8 | €804 | €790 | -€14 | -1.8% |
| Non-recurring operating charges | 66A | €845 | €1,074 | +€229 | +27.1% |
| Gross operating margin | 9900 | €49,090 | €31,770 | -€17,320 | -35.3% |
| Operating profit (loss) | 9901 | €45,734 | €28,086 | -€17,648 | -38.6% |
| Financial income | 75/76B | €259 | €349 | +€90 | +34.9% |
| Recurring financial income | 75 | €259 | €349 | +€90 | +34.9% |
| Financial charges | 65/66B | €840 | €1,139 | +€300 | +35.7% |
| Recurring financial charges | 65 | €840 | €1,139 | +€300 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €45,153 | €27,296 | -€17,857 | -39.5% |
| Income taxes | 67/77 | €14,796 | €10,150 | -€4,646 | -31.4% |
| Profit (loss) for the period | 9904 | €30,357 | €17,146 | -€13,211 | -43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,357 | €17,146 | -€13,211 | -43.5% |
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 17 October 2026 via checked.be.