MAKE YOUR POINT: what changed
Two fiscal 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 YOUR POINT
Largest movements
- Tangible fixed assets +€19,209
up €19,209 (+329.9%), from €5,822 to €25,031
- Cash -€16,625
down €16,625 (-35.2%), from €47,241 to €30,616
mainly Investment in fixed assets (net) (-€24,799) and Deferred charges and accrued income (-€609)
- Receivables within one year -€1,253
down €1,253 (-29.2%), from €4,285 to €3,033
of which Other amounts receivable: -€2,367
- Deferred charges and accrued income +€609
up €609 (+105.8%), from €576 to €1,185
- Reserves +€2,063
up €2,063 (+6.0%), from €34,335 to €36,398
of which Distributable reserves: +€2,063
- Gross operating margin -€3,357
down €3,357 (-25.2%), from €13,331 to €9,974
- Depreciation +€2,179
up €2,179 (+63.9%), from €3,412 to €5,590
- Taxes -€383
down €383 (-20.8%), from €1,846 to €1,462
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.
Cash bridge derived
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 | €57,925 | €59,865 | +€1,940 | +3.3% |
| Fixed assets | 21/28 | €5,822 | €25,031 | +€19,209 | +329.9% |
| Tangible fixed assets | 22/27 | €5,822 | €25,031 | +€19,209 | +329.9% |
| Furniture and vehicles | 24 | €5,822 | €25,031 | +€19,209 | +329.9% |
| Current assets | 29/58 | €52,103 | €34,834 | -€17,268 | -33.1% |
| Amounts receivable within one year | 40/41 | €4,285 | €3,033 | -€1,253 | -29.2% |
| Trade receivables | 40 | €113 | €1,227 | +€1,114 | +986.7% |
| Other amounts receivable | 41 | €4,173 | €1,805 | -€2,367 | -56.7% |
| Cash at bank and in hand | 54/58 | €47,241 | €30,616 | -€16,625 | -35.2% |
| Deferred charges and accrued income | 490/1 | €576 | €1,185 | +€609 | +105.8% |
| Total equity and liabilities | 10/49 | €57,925 | €59,865 | +€1,940 | +3.3% |
| Equity | 10/15 | €54,013 | €56,076 | +€2,063 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,335 | €36,398 | +€2,063 | +6.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €32,475 | €34,538 | +€2,063 | +6.4% |
| Profit (loss) carried forward | 14 | €13,478 | €13,478 | = | 0.0% |
| Amounts payable | 17/49 | €3,912 | €3,789 | -€123 | -3.1% |
| Amounts payable within one year | 42/48 | €3,912 | €3,789 | -€123 | -3.1% |
| Trade debts | 44 | - | €50 | +€50 | |
| Suppliers | 440/4 | - | €50 | +€50 | |
| Taxes, remuneration and social security | 45 | €3,912 | €3,738 | -€174 | -4.4% |
| Taxes | 450/3 | €3,912 | €3,738 | -€174 | -4.4% |
| Non-recurring operating income | 76A | - | €992 | +€992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,412 | €5,590 | +€2,179 | +63.9% |
| Other operating charges | 640/8 | €607 | €610 | +€4 | +0.6% |
| Non-recurring operating charges | 66A | €587 | - | -€587 | |
| Gross operating margin | 9900 | €13,331 | €9,974 | -€3,357 | -25.2% |
| Operating profit (loss) | 9901 | €8,726 | €3,774 | -€4,952 | -56.8% |
| Financial charges | 65/66B | €224 | €248 | +€24 | +10.7% |
| Recurring financial charges | 65 | €224 | €248 | +€24 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €8,502 | €3,526 | -€4,976 | -58.5% |
| Income taxes | 67/77 | €1,846 | €1,462 | -€383 | -20.8% |
| Profit (loss) for the period | 9904 | €6,656 | €2,063 | -€4,593 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,656 | €2,063 | -€4,593 | -69.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.