move things forward: 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.
move things forward
Largest movements
- Cash +€145,126
up €145,126 (+334.2%), from €43,426 to €188,552
mainly Net result for the year (+€91,620) and Other debts (+€90,882)
- Current investments -€51,000
down €51,000 (-35.2%), from €145,000 to €94,000
- Tangible fixed assets -€10,068
down €10,068 (-4.8%), from €209,283 to €199,215
- Receivables within one year +€5,719
up €5,719 (+27.6%), from €20,742 to €26,461
of which Other amounts receivable: +€5,719
- Other debts +€90,882
up €90,882 (+331.1%), from €27,452 to €118,334
- Debts after one year -€15,385
down €15,385 (-11.1%), from €138,912 to €123,527
of which Financial debts: -€15,445
- Tax, wage and social debts +€13,552
up €13,552 (+59.9%), from €22,611 to €36,162
- Taxes -€11,336
down €11,336 (-34.0%), from €33,350 to €22,015
- Gross operating margin -€5,867
down €5,867 (-4.3%), from €136,135 to €130,268
- Financial income +€4,410
up €4,410 (+871.5%), from €506 to €4,916
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 | €421,090 | €510,903 | +€89,814 | +21.3% |
| Fixed assets | 21/28 | €209,283 | €199,215 | -€10,068 | -4.8% |
| Tangible fixed assets | 22/27 | €209,283 | €199,215 | -€10,068 | -4.8% |
| Land and buildings | 22 | €198,039 | €193,069 | -€4,970 | -2.5% |
| Furniture and vehicles | 24 | €9,716 | €5,515 | -€4,201 | -43.2% |
| Other tangible fixed assets | 26 | €1,528 | €631 | -€897 | -58.7% |
| Current assets | 29/58 | €211,806 | €311,688 | +€99,881 | +47.2% |
| Amounts receivable within one year | 40/41 | €20,742 | €26,461 | +€5,719 | +27.6% |
| Trade receivables | 40 | €20,742 | €20,742 | = | 0.0% |
| Other amounts receivable | 41 | - | €5,719 | +€5,719 | |
| Current investments | 50/53 | €145,000 | €94,000 | -€51,000 | -35.2% |
| Cash at bank and in hand | 54/58 | €43,426 | €188,552 | +€145,126 | +334.2% |
| Deferred charges and accrued income | 490/1 | €2,638 | €2,675 | +€37 | +1.4% |
| Total equity and liabilities | 10/49 | €421,090 | €510,903 | +€89,814 | +21.3% |
| Equity | 10/15 | €216,300 | €216,230 | -€70 | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €211,230 | €211,230 | = | 0.0% |
| Distributable reserves | 133 | €211,230 | €211,230 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70 | - | -€70 | |
| Amounts payable | 17/49 | €204,790 | €294,673 | +€89,884 | +43.9% |
| Amounts payable after more than one year | 17 | €138,912 | €123,527 | -€15,385 | -11.1% |
| Financial debts | 170/4 | €137,412 | €121,967 | -€15,445 | -11.2% |
| Other amounts payable | 178/9 | €1,500 | €1,560 | +€60 | +4.0% |
| Amounts payable within one year | 42/48 | €65,877 | €171,146 | +€105,269 | +159.8% |
| Current portion of amounts payable after more than one year | 42 | €14,844 | €15,445 | +€602 | +4.1% |
| Trade debts | 44 | €971 | €1,205 | +€234 | +24.0% |
| Suppliers | 440/4 | €971 | €1,205 | +€234 | +24.0% |
| Taxes, remuneration and social security | 45 | €22,611 | €36,162 | +€13,552 | +59.9% |
| Taxes | 450/3 | €22,611 | €36,162 | +€13,552 | +59.9% |
| Other amounts payable | 47/48 | €27,452 | €118,334 | +€90,882 | +331.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,401 | €10,996 | +€595 | +5.7% |
| Other operating charges | 640/8 | €1,061 | €1,878 | +€817 | +77.0% |
| Gross operating margin | 9900 | €136,135 | €130,268 | -€5,867 | -4.3% |
| Operating profit (loss) | 9901 | €124,673 | €117,394 | -€7,279 | -5.8% |
| Financial income | 75/76B | €506 | €4,916 | +€4,410 | +871.5% |
| Recurring financial income | 75 | €506 | €4,916 | +€4,410 | +871.5% |
| Financial charges | 65/66B | €8,456 | €8,675 | +€220 | +2.6% |
| Recurring financial charges | 65 | €8,456 | €8,675 | +€220 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €116,724 | €113,635 | -€3,089 | -2.6% |
| Income taxes | 67/77 | €33,350 | €22,015 | -€11,336 | -34.0% |
| Profit (loss) for the period | 9904 | €83,373 | €91,620 | +€8,247 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,373 | €91,620 | +€8,247 | +9.9% |
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 28 September 2026 via checked.be.