Marts: 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.
Marts
Largest movements
- Cash +€26,013
up €26,013 (+80.9%), from €32,146 to €58,159
mainly Other debts (+€65,545) and Net result for the year (+€27,966)
- Receivables within one year -€2,670
down €2,670 (-15.3%), from €17,444 to €14,774
of which Trade receivables: -€4,074
- Deferred charges and accrued income +€2,242
up €2,242 (+1210.4%), from €185 to €2,427
- Other debts +€65,545
up €65,545 (+4056.9%), from €1,616 to €67,160
- Reserves -€36,153
no longer reported in 2025 (was €36,153)
- Tax, wage and social debts -€3,794
down €3,794 (-56.8%), from €6,685 to €2,891
- Gross operating margin +€1,302
up €1,302 (+3.7%), from €35,249 to €36,551
- Other operating charges -€922
down €922 (-84.4%), from €1,092 to €170
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 | €49,775 | €75,360 | +€25,585 | +51.4% |
| Current assets | 29/58 | €49,775 | €75,360 | +€25,585 | +51.4% |
| Amounts receivable within one year | 40/41 | €17,444 | €14,774 | -€2,670 | -15.3% |
| Trade receivables | 40 | €17,444 | €13,371 | -€4,074 | -23.4% |
| Other amounts receivable | 41 | - | €1,404 | +€1,404 | |
| Cash at bank and in hand | 54/58 | €32,146 | €58,159 | +€26,013 | +80.9% |
| Deferred charges and accrued income | 490/1 | €185 | €2,427 | +€2,242 | +1210.4% |
| Total equity and liabilities | 10/49 | €49,775 | €75,360 | +€25,585 | +51.4% |
| Equity | 10/15 | €41,153 | €5,000 | -€36,153 | -87.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €36,153 | - | -€36,153 | |
| Distributable reserves | 133 | €36,153 | - | -€36,153 | |
| Amounts payable | 17/49 | €8,622 | €70,360 | +€61,738 | +716.0% |
| Amounts payable within one year | 42/48 | €8,556 | €70,293 | +€61,736 | +721.5% |
| Trade debts | 44 | €256 | €242 | -€14 | -5.5% |
| Suppliers | 440/4 | €256 | €242 | -€14 | -5.5% |
| Taxes, remuneration and social security | 45 | €6,685 | €2,891 | -€3,794 | -56.8% |
| Taxes | 450/3 | €6,685 | €2,891 | -€3,794 | -56.8% |
| Other amounts payable | 47/48 | €1,616 | €67,160 | +€65,545 | +4056.9% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Other operating charges | 640/8 | €1,092 | €170 | -€922 | -84.4% |
| Gross operating margin | 9900 | €35,249 | €36,551 | +€1,302 | +3.7% |
| Operating profit (loss) | 9901 | €34,157 | €36,380 | +€2,223 | +6.5% |
| Financial income | 75/76B | €65 | - | -€65 | |
| Recurring financial income | 75 | €65 | - | -€65 | |
| Financial charges | 65/66B | €155 | €140 | -€14 | -9.2% |
| Recurring financial charges | 65 | €155 | €140 | -€14 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €34,068 | €36,240 | +€2,172 | +6.4% |
| Income taxes | 67/77 | €8,330 | €8,274 | -€56 | -0.7% |
| Profit (loss) for the period | 9904 | €25,737 | €27,966 | +€2,229 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,737 | €27,966 | +€2,229 | +8.7% |
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.