Moment: 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.
Moment
Largest movements
- Cash -€24,363
down €24,363 (-69.2%), from €35,202 to €10,839
mainly Other debts (-€37,390) and Receivables within one year (-€15,899)
- Receivables within one year +€15,899
up €15,899 (+8.6%), from €185,551 to €201,450
of which Other amounts receivable: +€24,244
- Other debts -€37,390
down €37,390 (-94.2%), from €39,684 to €2,294
- Reserves +€21,759
up €21,759 (+13.3%), from €163,963 to €185,722
- Tax, wage and social debts +€6,699
up €6,699 (+98.2%), from €6,824 to €13,523
- Gross operating margin +€7,950
up €7,950 (+36.2%), from €21,953 to €29,903
- Taxes +€4,128
up €4,128 (+60.5%), from €6,819 to €10,947
- Financial income +€422
up €422 (+12.3%), from €3,430 to €3,852
- Depreciation -€301
down €301 (-58.6%), from €513 to €212
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 | €223,157 | €215,396 | -€7,761 | -3.5% |
| Fixed assets | 21/28 | €2,312 | €2,100 | -€212 | -9.2% |
| Tangible fixed assets | 22/27 | €212 | - | -€212 | |
| Furniture and vehicles | 24 | €212 | - | -€212 | |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €220,844 | €213,296 | -€7,548 | -3.4% |
| Amounts receivable within one year | 40/41 | €185,551 | €201,450 | +€15,899 | +8.6% |
| Trade receivables | 40 | €47,863 | €39,519 | -€8,345 | -17.4% |
| Other amounts receivable | 41 | €137,688 | €161,931 | +€24,244 | +17.6% |
| Cash at bank and in hand | 54/58 | €35,202 | €10,839 | -€24,363 | -69.2% |
| Deferred charges and accrued income | 490/1 | €91 | €1,007 | +€916 | +1,003% |
| Total equity and liabilities | 10/49 | €223,157 | €215,396 | -€7,761 | -3.5% |
| Equity | 10/15 | €176,363 | €198,122 | +€21,759 | +12.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €163,963 | €185,722 | +€21,759 | +13.3% |
| Distributable reserves | 133 | €163,963 | €185,722 | +€21,759 | +13.3% |
| Amounts payable | 17/49 | €46,794 | €17,274 | -€29,520 | -63.1% |
| Amounts payable within one year | 42/48 | €46,537 | €16,922 | -€29,615 | -63.6% |
| Trade debts | 44 | €28 | €1,105 | +€1,077 | +3,811% |
| Suppliers | 440/4 | €28 | €1,105 | +€1,077 | +3,811% |
| Taxes, remuneration and social security | 45 | €6,824 | €13,523 | +€6,699 | +98.2% |
| Taxes | 450/3 | €6,824 | €13,523 | +€6,699 | +98.2% |
| Other amounts payable | 47/48 | €39,684 | €2,294 | -€37,390 | -94.2% |
| Accrued charges and deferred income | 492/3 | €257 | €352 | +€95 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €212 | -€301 | -58.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €21,953 | €29,903 | +€7,950 | +36.2% |
| Operating profit (loss) | 9901 | €21,322 | €29,571 | +€8,249 | +38.7% |
| Financial income | 75/76B | €3,430 | €3,852 | +€422 | +12.3% |
| Recurring financial income | 75 | €3,430 | €3,852 | +€422 | +12.3% |
| Financial charges | 65/66B | €604 | €717 | +€113 | +18.7% |
| Recurring financial charges | 65 | €604 | €717 | +€113 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | €24,148 | €32,706 | +€8,558 | +35.4% |
| Income taxes | 67/77 | €6,819 | €10,947 | +€4,128 | +60.5% |
| Profit (loss) for the period | 9904 | €17,329 | €21,759 | +€4,430 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,329 | €21,759 | +€4,430 | +25.6% |
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 1 November 2026 via checked.be.