MEMO'D: 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.
MEMO'D
Largest movements
- Receivables within one year +€7,239
up €7,239 (+25.5%), from €28,387 to €35,626
of which Trade receivables: +€9,130
- Stocks and contracts +€6,850
up €6,850 (+98.1%), from €6,980 to €13,830
- Cash +€4,097
up €4,097 (+16.2%), from €25,327 to €29,425
mainly Trade debts (+€10,341) and Net result for the year (+€7,249)
- Trade debts +€10,341
up €10,341 (+5,003%), from €207 to €10,548
- Profit (loss) carried forward +€7,249
up €7,249 (+31.1%), from €23,283 to €30,532
- Gross operating margin +€3,309
up €3,309 (+36.3%), from €9,126 to €12,435
- Purchases and services -€2,423
down €2,423 (-1.8%), from €138,367 to €135,944
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 | €63,169 | €80,707 | +€17,539 | +27.8% |
| Fixed assets | 21/28 | €2,474 | €1,826 | -€647 | -26.2% |
| Tangible fixed assets | 22/27 | €2,415 | €1,767 | -€647 | -26.8% |
| Furniture and vehicles | 24 | €2,415 | €1,767 | -€647 | -26.8% |
| Financial fixed assets | 28 | €59 | €59 | = | 0.0% |
| Current assets | 29/58 | €60,695 | €78,881 | +€18,186 | +30.0% |
| Stocks and contracts in progress | 3 | €6,980 | €13,830 | +€6,850 | +98.1% |
| Stocks | 30/36 | €6,980 | €13,830 | +€6,850 | +98.1% |
| Amounts receivable within one year | 40/41 | €28,387 | €35,626 | +€7,239 | +25.5% |
| Trade receivables | 40 | €20,295 | €29,425 | +€9,130 | +45.0% |
| Other amounts receivable | 41 | €8,092 | €6,201 | -€1,891 | -23.4% |
| Cash at bank and in hand | 54/58 | €25,327 | €29,425 | +€4,097 | +16.2% |
| Total equity and liabilities | 10/49 | €63,169 | €80,707 | +€17,539 | +27.8% |
| Equity | 10/15 | €43,743 | €50,992 | +€7,249 | +16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,283 | €30,532 | +€7,249 | +31.1% |
| Amounts payable | 17/49 | €19,426 | €29,716 | +€10,289 | +53.0% |
| Amounts payable within one year | 42/48 | €19,426 | €29,716 | +€10,289 | +53.0% |
| Trade debts | 44 | €207 | €10,548 | +€10,341 | +5,003% |
| Suppliers | 440/4 | €207 | €10,548 | +€10,341 | +5,003% |
| Taxes, remuneration and social security | 45 | €18,574 | €18,522 | -€52 | -0.3% |
| Taxes | 450/3 | €52 | - | -€52 | |
| Remuneration and social security | 454/9 | €18,522 | €18,522 | = | 0.0% |
| Other amounts payable | 47/48 | €646 | €646 | = | 0.0% |
| Turnover | 70 | €146,830 | €147,696 | +€866 | +0.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,367 | €135,944 | -€2,423 | -1.8% |
| Remuneration, social security and pensions | 62 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €647 | = | 0.0% |
| Other operating charges | 640/8 | €2,105 | €2,854 | +€749 | +35.6% |
| Gross operating margin | 9900 | €9,126 | €12,435 | +€3,309 | +36.3% |
| Operating profit (loss) | 9901 | €6,073 | €8,934 | +€2,861 | +47.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -93.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -93.9% |
| Financial charges | 65/66B | €45 | €190 | +€145 | +323% |
| Recurring financial charges | 65 | €45 | €190 | +€145 | +323% |
| Profit (loss) for the period before taxes | 9903 | €6,029 | €8,744 | +€2,715 | +45.0% |
| Income taxes | 67/77 | €2,687 | €1,495 | -€1,192 | -44.4% |
| Profit (loss) for the period | 9904 | €3,342 | €7,249 | +€3,907 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €3,342 | €7,249 | +€3,907 | +117% |
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 13 October 2026 via checked.be.