MEANWHILE: 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.
MEANWHILE
Largest movements
- Cash +€7,988
up €7,988 (+171.5%), from €4,658 to €12,646
mainly Net result for the year (+€16,419) and Depreciation (+€6,962)
- Receivables within one year +€4,817
up €4,817 (+13.5%), from €35,581 to €40,398
of which Other amounts receivable: +€40,067
- Tangible fixed assets -€3,704
down €3,704 (-19.9%), from €18,627 to €14,923
- Deferred charges and accrued income +€1,592
up €1,592 (+445.1%), from €358 to €1,950
- Profit (loss) carried forward +€16,419
up €16,419 (+41.2%), from €39,825 to €56,244
- Tax, wage and social debts -€7,198
down €7,198 (-60.1%), from €11,980 to €4,783
- Other debts +€1,601
up €1,601 (+33.0%), from €4,860 to €6,461
- Gross operating margin -€8,618
down €8,618 (-23.2%), from €37,208 to €28,591
- Depreciation +€4,270
up €4,270 (+158.6%), from €2,692 to €6,962
- Taxes -€2,115
down €2,115 (-30.1%), from €7,022 to €4,907
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 | €60,769 | €71,023 | +€10,254 | +16.9% |
| Formation expenses | 20 | €81 | - | -€81 | |
| Fixed assets | 21/28 | €20,092 | €16,029 | -€4,062 | -20.2% |
| Intangible fixed assets | 21 | €1,465 | €1,106 | -€359 | -24.5% |
| Tangible fixed assets | 22/27 | €18,627 | €14,923 | -€3,704 | -19.9% |
| Furniture and vehicles | 24 | €18,627 | €14,923 | -€3,704 | -19.9% |
| Current assets | 29/58 | €40,597 | €54,993 | +€14,397 | +35.5% |
| Amounts receivable within one year | 40/41 | €35,581 | €40,398 | +€4,817 | +13.5% |
| Trade receivables | 40 | €35,555 | €305 | -€35,250 | -99.1% |
| Other amounts receivable | 41 | €26 | €40,093 | +€40,067 | +154339.9% |
| Cash at bank and in hand | 54/58 | €4,658 | €12,646 | +€7,988 | +171.5% |
| Deferred charges and accrued income | 490/1 | €358 | €1,950 | +€1,592 | +445.1% |
| Total equity and liabilities | 10/49 | €60,769 | €71,023 | +€10,254 | +16.9% |
| Equity | 10/15 | €42,825 | €59,244 | +€16,419 | +38.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,825 | €56,244 | +€16,419 | +41.2% |
| Amounts payable | 17/49 | €17,944 | €11,779 | -€6,165 | -34.4% |
| Amounts payable within one year | 42/48 | €17,944 | €11,779 | -€6,165 | -34.4% |
| Trade debts | 44 | €1,104 | €535 | -€569 | -51.5% |
| Suppliers | 440/4 | €1,104 | €535 | -€569 | -51.5% |
| Taxes, remuneration and social security | 45 | €11,980 | €4,783 | -€7,198 | -60.1% |
| Taxes | 450/3 | €11,980 | €4,783 | -€7,198 | -60.1% |
| Other amounts payable | 47/48 | €4,860 | €6,461 | +€1,601 | +33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,692 | €6,962 | +€4,270 | +158.6% |
| Other operating charges | 640/8 | €293 | €66 | -€227 | -77.5% |
| Gross operating margin | 9900 | €37,208 | €28,591 | -€8,618 | -23.2% |
| Operating profit (loss) | 9901 | €34,224 | €21,563 | -€12,661 | -37.0% |
| Financial income | 75/76B | €7 | €15 | +€8 | +126.7% |
| Recurring financial income | 75 | €7 | €15 | +€8 | +126.7% |
| Financial charges | 65/66B | €105 | €252 | +€146 | +139.1% |
| Recurring financial charges | 65 | €105 | €252 | +€146 | +139.1% |
| Profit (loss) for the period before taxes | 9903 | €34,125 | €21,326 | -€12,799 | -37.5% |
| Income taxes | 67/77 | €7,022 | €4,907 | -€2,115 | -30.1% |
| Profit (loss) for the period | 9904 | €27,103 | €16,419 | -€10,684 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,103 | €16,419 | -€10,684 | -39.4% |
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 4 October 2026 via checked.be.