Mélissa CORNEZ: 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.
Mélissa CORNEZ
Largest movements
- Cash +€27,987
up €27,987 (+375%), from €7,466 to €35,453
mainly Net result for the year (+€32,093) and Depreciation (+€7,554)
- Receivables within one year +€13,752
up €13,752 (+137%), from €10,022 to €23,774
of which Trade receivables: +€11,903
- Tangible fixed assets -€6,841
down €6,841 (-33.0%), from €20,742 to €13,901
- Reserves +€32,093
up €32,093 (+781%), from €4,110 to €36,203
- Tax, wage and social debts +€7,389
up €7,389 (+74.2%), from €9,957 to €17,347
of which Taxes: +€10,989
- Trade debts -€4,784
down €4,784 (-21.1%), from €22,623 to €17,838
- Gross operating margin +€46,399
up €46,399 (+577%), from €8,042 to €54,441
- Taxes +€11,652
up €11,652 (+714%), from €1,633 to €13,285
- Depreciation +€6,296
up €6,296 (+500%), from €1,258 to €7,554
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.
Derived cash bridge
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 | €39,690 | €74,388 | +€34,698 | +87.4% |
| Fixed assets | 21/28 | €20,742 | €13,901 | -€6,841 | -33.0% |
| Tangible fixed assets | 22/27 | €20,742 | €13,901 | -€6,841 | -33.0% |
| Furniture and vehicles | 24 | €20,742 | €13,901 | -€6,841 | -33.0% |
| Current assets | 29/58 | €18,949 | €60,488 | +€41,539 | +219% |
| Amounts receivable within one year | 40/41 | €10,022 | €23,774 | +€13,752 | +137% |
| Trade receivables | 40 | €2,773 | €14,676 | +€11,903 | +429% |
| Other amounts receivable | 41 | €7,249 | €9,098 | +€1,849 | +25.5% |
| Cash at bank and in hand | 54/58 | €7,466 | €35,453 | +€27,987 | +375% |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,261 | -€200 | -13.7% |
| Total equity and liabilities | 10/49 | €39,690 | €74,388 | +€34,698 | +87.4% |
| Equity | 10/15 | €7,110 | €39,203 | +€32,093 | +451% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €4,110 | €36,203 | +€32,093 | +781% |
| Distributable reserves | 133 | €4,110 | €36,203 | +€32,093 | +781% |
| Amounts payable | 17/49 | €32,580 | €35,185 | +€2,605 | +8.0% |
| Amounts payable within one year | 42/48 | €32,580 | €35,185 | +€2,605 | +8.0% |
| Trade debts | 44 | €22,623 | €17,838 | -€4,784 | -21.1% |
| Suppliers | 440/4 | €22,623 | €17,838 | -€4,784 | -21.1% |
| Taxes, remuneration and social security | 45 | €9,957 | €17,347 | +€7,389 | +74.2% |
| Taxes | 450/3 | €6,358 | €17,347 | +€10,989 | +173% |
| Remuneration and social security | 454/9 | €3,600 | - | -€3,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,258 | €7,554 | +€6,296 | +500% |
| Other operating charges | 640/8 | €978 | €1,344 | +€366 | +37.5% |
| Gross operating margin | 9900 | €8,042 | €54,441 | +€46,399 | +577% |
| Operating profit (loss) | 9901 | €5,806 | €45,543 | +€39,736 | +684% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €63 | €165 | +€102 | +161% |
| Recurring financial charges | 65 | €63 | €165 | +€102 | +161% |
| Profit (loss) for the period before taxes | 9903 | €5,743 | €45,378 | +€39,634 | +690% |
| Income taxes | 67/77 | €1,633 | €13,285 | +€11,652 | +714% |
| Profit (loss) for the period | 9904 | €4,110 | €32,093 | +€27,982 | +681% |
| Profit (loss) for the period to be appropriated | 9905 | €4,110 | €32,093 | +€27,982 | +681% |
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 21 October 2026 via checked.be.