Mask27: 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.
Mask27
Largest movements
- Current investments +€53,111
up €53,111 (+122.3%), from €43,418 to €96,529
- Tangible fixed assets -€10,818
down €10,818 (-29.0%), from €37,356 to €26,538
- Cash +€4,744
up €4,744 (+82.2%), from €5,770 to €10,514
mainly Net result for the year (+€37,939) and Depreciation (+€10,818)
- Reserves +€37,939
up €37,939 (+46.8%), from €81,000 to €118,939
- Tax, wage and social debts +€10,163
up €10,163 (+64.7%), from €15,698 to €25,861
- Gross operating margin -€27,498
down €27,498 (-31.8%), from €86,344 to €58,846
- Taxes -€5,535
down €5,535 (-35.3%), from €15,698 to €10,163
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 | €101,907 | €148,601 | +€46,694 | +45.8% |
| Fixed assets | 21/28 | €37,356 | €26,538 | -€10,818 | -29.0% |
| Tangible fixed assets | 22/27 | €37,356 | €26,538 | -€10,818 | -29.0% |
| Furniture and vehicles | 24 | €37,356 | €26,538 | -€10,818 | -29.0% |
| Current assets | 29/58 | €64,551 | €122,063 | +€57,512 | +89.1% |
| Amounts receivable within one year | 40/41 | €12,889 | €12,413 | -€476 | -3.7% |
| Trade receivables | 40 | €11,900 | €12,138 | +€238 | +2.0% |
| Other amounts receivable | 41 | €989 | €275 | -€714 | -72.2% |
| Current investments | 50/53 | €43,418 | €96,529 | +€53,111 | +122.3% |
| Cash at bank and in hand | 54/58 | €5,770 | €10,514 | +€4,744 | +82.2% |
| Deferred charges and accrued income | 490/1 | €2,474 | €2,607 | +€133 | +5.4% |
| Total equity and liabilities | 10/49 | €101,907 | €148,601 | +€46,694 | +45.8% |
| Equity | 10/15 | €84,677 | €122,616 | +€37,939 | +44.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,000 | €118,939 | +€37,939 | +46.8% |
| Distributable reserves | 133 | €81,000 | €118,939 | +€37,939 | +46.8% |
| Profit (loss) carried forward | 14 | €677 | €677 | = | 0.0% |
| Amounts payable | 17/49 | €17,230 | €25,985 | +€8,755 | +50.8% |
| Amounts payable within one year | 42/48 | €17,230 | €25,985 | +€8,755 | +50.8% |
| Financial debts | 43 | €142 | €50 | -€93 | -65.1% |
| Credit institutions | 430/8 | €142 | €50 | -€93 | -65.1% |
| Trade debts | 44 | €1,390 | €74 | -€1,316 | -94.7% |
| Suppliers | 440/4 | €1,390 | €74 | -€1,316 | -94.7% |
| Taxes, remuneration and social security | 45 | €15,698 | €25,861 | +€10,163 | +64.7% |
| Taxes | 450/3 | €15,698 | €25,861 | +€10,163 | +64.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,996 | €10,818 | +€822 | +8.2% |
| Other operating charges | 640/8 | €168 | €120 | -€48 | -28.6% |
| Gross operating margin | 9900 | €86,344 | €58,846 | -€27,498 | -31.8% |
| Operating profit (loss) | 9901 | €76,180 | €47,909 | -€28,272 | -37.1% |
| Financial income | 75/76B | €151 | €271 | +€120 | +79.3% |
| Recurring financial income | 75 | €151 | €271 | +€120 | +79.3% |
| Financial charges | 65/66B | €67 | €77 | +€10 | +14.6% |
| Recurring financial charges | 65 | €67 | €77 | +€10 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €76,264 | €48,102 | -€28,162 | -36.9% |
| Income taxes | 67/77 | €15,698 | €10,163 | -€5,535 | -35.3% |
| Profit (loss) for the period | 9904 | €60,566 | €37,939 | -€22,627 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,566 | €37,939 | -€22,627 | -37.4% |
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 10 October 2026 via checked.be.