Markup: 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.
Markup
Largest movements
- Cash +€7,898
up €7,898 (+70.7%), from €11,167 to €19,065
mainly Other debts (+€78,580) and Net result for the year (+€12,702)
- Tangible fixed assets -€7,103
down €7,103 (-11.1%), from €64,170 to €57,067
of which Land and buildings: -€7,242
- Receivables within one year -€3,806
down €3,806 (-23.7%), from €16,033 to €12,227
of which Trade receivables: -€5,542
- Other debts +€78,580
up €78,580 (+9316.3%), from €843 to €79,423
- Profit (loss) carried forward -€76,986
down €76,986 (-100.0%), from €76,986 to €0
- Tax, wage and social debts -€4,201
down €4,201 (-30.7%), from €13,687 to €9,486
of which Taxes: -€4,270
- Trade debts -€1,037
down €1,037 (-34.9%), from €2,969 to €1,933
- Gross operating margin -€6,669
down €6,669 (-19.3%), from €34,581 to €27,912
- Depreciation +€1,035
up €1,035 (+14.3%), from €7,250 to €8,285
- Taxes -€825
down €825 (-13.4%), from €6,169 to €5,344
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 | €99,624 | €95,930 | -€3,694 | -3.7% |
| Fixed assets | 21/28 | €64,170 | €57,067 | -€7,103 | -11.1% |
| Tangible fixed assets | 22/27 | €64,170 | €57,067 | -€7,103 | -11.1% |
| Land and buildings | 22 | €60,047 | €52,805 | -€7,242 | -12.1% |
| Furniture and vehicles | 24 | €4,123 | €4,262 | +€139 | +3.4% |
| Current assets | 29/58 | €35,454 | €38,863 | +€3,409 | +9.6% |
| Amounts receivable within one year | 40/41 | €16,033 | €12,227 | -€3,806 | -23.7% |
| Trade receivables | 40 | €16,021 | €10,480 | -€5,542 | -34.6% |
| Other amounts receivable | 41 | €11 | €1,748 | +€1,736 | +15255.9% |
| Cash at bank and in hand | 54/58 | €11,167 | €19,065 | +€7,898 | +70.7% |
| Deferred charges and accrued income | 490/1 | €8,254 | €7,571 | -€683 | -8.3% |
| Total equity and liabilities | 10/49 | €99,624 | €95,930 | -€3,694 | -3.7% |
| Equity | 10/15 | €81,986 | €5,000 | -€76,986 | -93.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,986 | €0 | -€76,986 | -100.0% |
| Amounts payable | 17/49 | €17,638 | €90,930 | +€73,292 | +415.5% |
| Amounts payable within one year | 42/48 | €17,638 | €90,930 | +€73,292 | +415.5% |
| Financial debts | 43 | €139 | €89 | -€50 | -35.8% |
| Credit institutions | 430/8 | €139 | €89 | -€50 | -35.8% |
| Trade debts | 44 | €2,969 | €1,933 | -€1,037 | -34.9% |
| Suppliers | 440/4 | €2,969 | €1,933 | -€1,037 | -34.9% |
| Taxes, remuneration and social security | 45 | €13,687 | €9,486 | -€4,201 | -30.7% |
| Taxes | 450/3 | €11,186 | €6,917 | -€4,270 | -38.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,569 | +€69 | +2.7% |
| Other amounts payable | 47/48 | €843 | €79,423 | +€78,580 | +9316.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,250 | €8,285 | +€1,035 | +14.3% |
| Other operating charges | 640/8 | €1,434 | €1,492 | +€58 | +4.0% |
| Gross operating margin | 9900 | €34,581 | €27,912 | -€6,669 | -19.3% |
| Operating profit (loss) | 9901 | €25,897 | €18,135 | -€7,762 | -30.0% |
| Financial income | 75/76B | €92 | €0 | -€92 | -100.0% |
| Recurring financial income | 75 | €92 | €0 | -€92 | -100.0% |
| Financial charges | 65/66B | €115 | €89 | -€26 | -22.4% |
| Recurring financial charges | 65 | €115 | €89 | -€26 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €25,875 | €18,046 | -€7,829 | -30.3% |
| Income taxes | 67/77 | €6,169 | €5,344 | -€825 | -13.4% |
| Profit (loss) for the period | 9904 | €19,707 | €12,702 | -€7,005 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,707 | €12,702 | -€7,005 | -35.5% |
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 30 September 2026 via checked.be.