MANAGEMENT AUDIOPTIC: 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.
MANAGEMENT AUDIOPTIC
Largest movements
- Cash +€59,447
up €59,447 (+169.3%), from €35,123 to €94,570
mainly Net result for the year (+€191,375) and Other debts (+€78,349)
- Tangible fixed assets -€21,677
down €21,677 (-28.4%), from €76,424 to €54,747
of which Furniture and vehicles: -€21,677
- Receivables within one year +€19,957
up €19,957 (+28.0%), from €71,258 to €91,215
- Other debts +€78,349
up €78,349 (+28.0%), from €280,132 to €358,481
- Debts after one year -€18,217
down €18,217 (-88.5%), from €20,584 to €2,368
- Gross operating margin +€82,814
up €82,814 (+44.1%), from €187,739 to €270,554
- Staff costs -€68,333
down €68,333 (-77.4%), from €88,333 to €20,000
- Financial income -€22,176
down €22,176 (-100.0%), from €22,176 to €0
- Taxes +€16,038
up €16,038 (+80.2%), from €20,000 to €36,038
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 | €482,804 | €540,531 | +€57,727 | +12.0% |
| Fixed assets | 21/28 | €376,424 | €354,747 | -€21,677 | -5.8% |
| Tangible fixed assets | 22/27 | €76,424 | €54,747 | -€21,677 | -28.4% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €76,424 | €54,747 | -€21,677 | -28.4% |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €106,380 | €185,785 | +€79,404 | +74.6% |
| Amounts receivable within one year | 40/41 | €71,258 | €91,215 | +€19,957 | +28.0% |
| Other amounts receivable | 41 | €71,258 | €91,215 | +€19,957 | +28.0% |
| Cash at bank and in hand | 54/58 | €35,123 | €94,570 | +€59,447 | +169.3% |
| Total equity and liabilities | 10/49 | €482,804 | €540,531 | +€57,727 | +12.0% |
| Equity | 10/15 | €126,082 | €126,082 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,482 | €107,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €107,482 | €105,622 | -€1,860 | -1.7% |
| Amounts payable | 17/49 | €356,722 | €414,450 | +€57,727 | +16.2% |
| Amounts payable after more than one year | 17 | €20,584 | €2,368 | -€18,217 | -88.5% |
| Financial debts | 170/4 | €20,584 | €2,368 | -€18,217 | -88.5% |
| Amounts payable within one year | 42/48 | €336,138 | €412,082 | +€75,944 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €20,938 | €18,619 | -€2,319 | -11.1% |
| Trade debts | 44 | €5,716 | €6,276 | +€559 | +9.8% |
| Suppliers | 440/4 | €5,716 | €6,276 | +€559 | +9.8% |
| Taxes, remuneration and social security | 45 | €29,352 | €28,706 | -€645 | -2.2% |
| Taxes | 450/3 | €29,352 | €28,706 | -€645 | -2.2% |
| Other amounts payable | 47/48 | €280,132 | €358,481 | +€78,349 | +28.0% |
| Remuneration, social security and pensions | 62 | €88,333 | €20,000 | -€68,333 | -77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,677 | €21,677 | = | 0.0% |
| Other operating charges | 640/8 | €1,306 | €1,209 | -€98 | -7.5% |
| Gross operating margin | 9900 | €187,739 | €270,554 | +€82,814 | +44.1% |
| Operating profit (loss) | 9901 | €76,423 | €227,668 | +€151,245 | +197.9% |
| Financial income | 75/76B | €22,176 | €0 | -€22,176 | -100.0% |
| Recurring financial income | 75 | €22,176 | €0 | -€22,176 | -100.0% |
| Financial charges | 65/66B | €1,682 | €255 | -€1,427 | -84.8% |
| Recurring financial charges | 65 | €1,682 | €255 | -€1,427 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €96,917 | €227,413 | +€130,496 | +134.6% |
| Income taxes | 67/77 | €20,000 | €36,038 | +€16,038 | +80.2% |
| Profit (loss) for the period | 9904 | €76,917 | €191,375 | +€114,458 | +148.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,917 | €191,375 | +€114,458 | +148.8% |
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 7 October 2026 via checked.be.