MANAGEMENT ESSENTIALS: 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.
MANAGEMENT ESSENTIALS
Largest movements
- Tangible fixed assets +€1,491
up €1,491 (+3.7%), from €40,733 to €42,224
of which Other tangible fixed assets: +€3,011
- Reserves +€11,145
up €11,145 (+37.8%), from €29,510 to €40,655
- Other debts -€9,963
down €9,963 (-25.1%), from €39,749 to €29,786
- Gross operating margin +€2,901
up €2,901 (+16.6%), from €17,476 to €20,377
- Taxes +€1,251
up €1,251 (+44.8%), from €2,790 to €4,041
- Depreciation +€934
up €934 (+26.1%), from €3,576 to €4,509
- Other operating charges +€589
up €589 (+905.7%), from €65 to €654
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 | €72,456 | €73,595 | +€1,139 | +1.6% |
| Fixed assets | 21/28 | €40,733 | €42,224 | +€1,491 | +3.7% |
| Tangible fixed assets | 22/27 | €40,733 | €42,224 | +€1,491 | +3.7% |
| Furniture and vehicles | 24 | €6,509 | €4,989 | -€1,520 | -23.4% |
| Other tangible fixed assets | 26 | €34,224 | €37,235 | +€3,011 | +8.8% |
| Current assets | 29/58 | €31,723 | €31,371 | -€352 | -1.1% |
| Amounts receivable within one year | 40/41 | €1,528 | €1,367 | -€161 | -10.5% |
| Trade receivables | 40 | €0 | €908 | +€908 | |
| Other amounts receivable | 41 | €1,528 | €459 | -€1,069 | -69.9% |
| Cash at bank and in hand | 54/58 | €30,196 | €30,005 | -€191 | -0.6% |
| Total equity and liabilities | 10/49 | €72,456 | €73,595 | +€1,139 | +1.6% |
| Equity | 10/15 | €32,010 | €43,155 | +€11,145 | +34.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,510 | €40,655 | +€11,145 | +37.8% |
| Distributable reserves | 133 | €29,510 | €40,655 | +€11,145 | +37.8% |
| Amounts payable | 17/49 | €40,446 | €30,440 | -€10,006 | -24.7% |
| Amounts payable within one year | 42/48 | €40,446 | €30,440 | -€10,006 | -24.7% |
| Trade debts | 44 | €406 | €484 | +€78 | +19.3% |
| Suppliers | 440/4 | €406 | €484 | +€78 | +19.3% |
| Taxes, remuneration and social security | 45 | €291 | €169 | -€122 | -41.9% |
| Taxes | 450/3 | €291 | €169 | -€122 | -41.9% |
| Other amounts payable | 47/48 | €39,749 | €29,786 | -€9,963 | -25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,576 | €4,509 | +€934 | +26.1% |
| Other operating charges | 640/8 | €65 | €654 | +€589 | +905.7% |
| Gross operating margin | 9900 | €17,476 | €20,377 | +€2,901 | +16.6% |
| Operating profit (loss) | 9901 | €13,835 | €15,214 | +€1,378 | +10.0% |
| Financial income | 75/76B | €0 | €17 | +€17 | |
| Recurring financial income | 75 | €0 | €17 | +€17 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €13,792 | €15,185 | +€1,394 | +10.1% |
| Income taxes | 67/77 | €2,790 | €4,041 | +€1,251 | +44.8% |
| Profit (loss) for the period | 9904 | €11,002 | €11,145 | +€143 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,002 | €11,145 | +€143 | +1.3% |
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 12 October 2026 via checked.be.