MATRIX: 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.
MATRIX
Largest movements
- Cash +€34,044
up €34,044 (+33.0%), from €103,053 to €137,096
mainly Other debts (+€148,690) and Net result for the year (+€54,090)
- Tangible fixed assets +€5,590
up €5,590 (+1007.2%), from €555 to €6,145
of which Furniture and vehicles: +€6,025
- Receivables within one year +€3,222
up €3,222 (+11.4%), from €28,371 to €31,593
- Other debts +€148,690
up €148,690 (+7682.6%), from €1,935 to €150,626
- Profit (loss) carried forward -€94,898
down €94,898 (-100.0%), from €94,898 to €0
- Tax, wage and social debts -€11,575
down €11,575 (-35.0%), from €33,046 to €21,472
- Gross operating margin +€12,130
up €12,130 (+19.5%), from €62,200 to €74,330
- Taxes +€1,752
up €1,752 (+14.0%), from €12,548 to €14,300
- Depreciation +€1,125
up €1,125 (+258.9%), from €435 to €1,560
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 | €133,685 | €177,781 | +€44,096 | +33.0% |
| Fixed assets | 21/28 | €555 | €6,145 | +€5,590 | +1007.2% |
| Tangible fixed assets | 22/27 | €555 | €6,145 | +€5,590 | +1007.2% |
| Plant, machinery and equipment | 23 | €555 | €120 | -€435 | -78.3% |
| Furniture and vehicles | 24 | - | €6,025 | +€6,025 | |
| Current assets | 29/58 | €133,130 | €171,636 | +€38,505 | +28.9% |
| Amounts receivable within one year | 40/41 | €28,371 | €31,593 | +€3,222 | +11.4% |
| Trade receivables | 40 | €28,371 | €31,593 | +€3,222 | +11.4% |
| Cash at bank and in hand | 54/58 | €103,053 | €137,096 | +€34,044 | +33.0% |
| Deferred charges and accrued income | 490/1 | €1,707 | €2,946 | +€1,239 | +72.6% |
| Total equity and liabilities | 10/49 | €133,685 | €177,781 | +€44,096 | +33.0% |
| Equity | 10/15 | €97,898 | €3,000 | -€94,898 | -96.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,898 | €0 | -€94,898 | -100.0% |
| Amounts payable | 17/49 | €35,787 | €174,781 | +€138,994 | +388.4% |
| Amounts payable within one year | 42/48 | €35,787 | €173,118 | +€137,330 | +383.7% |
| Trade debts | 44 | €805 | €1,020 | +€215 | +26.7% |
| Suppliers | 440/4 | €805 | €1,020 | +€215 | +26.7% |
| Taxes, remuneration and social security | 45 | €33,046 | €21,472 | -€11,575 | -35.0% |
| Taxes | 450/3 | €33,046 | €21,472 | -€11,575 | -35.0% |
| Other amounts payable | 47/48 | €1,935 | €150,626 | +€148,690 | +7682.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,663 | +€1,663 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €435 | €1,560 | +€1,125 | +258.9% |
| Other operating charges | 640/8 | €400 | €892 | +€492 | +123.2% |
| Gross operating margin | 9900 | €62,200 | €74,330 | +€12,130 | +19.5% |
| Operating profit (loss) | 9901 | €61,366 | €71,878 | +€10,512 | +17.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,812 | €3,489 | -€323 | -8.5% |
| Recurring financial charges | 65 | €3,812 | €3,489 | -€323 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €57,554 | €68,390 | +€10,836 | +18.8% |
| Income taxes | 67/77 | €12,548 | €14,300 | +€1,752 | +14.0% |
| Profit (loss) for the period | 9904 | €45,006 | €54,090 | +€9,084 | +20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,006 | €54,090 | +€9,084 | +20.2% |
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.