MOVING SMART: 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.
MOVING SMART
Largest movements
- Cash -€92,919
down €92,919 (-41.6%), from €223,531 to €130,613
mainly Contributions, distributions and other (-€575,000) and Advances received (-€96,468)
- Receivables within one year -€69,946
down €69,946 (-26.3%), from €265,609 to €195,662
of which Other amounts receivable: -€59,736
- Receivables after one year -€33,000
down €33,000 (-16.8%), from €197,000 to €164,000
- Intangible fixed assets +€18,787
new in 2025: €18,787
- Other debts +€100,000
up €100,000 (+50.0%), from €200,020 to €300,020
- Advances received -€96,468
down €96,468 (-21.9%), from €439,506 to €343,038
- Short-term financial debts -€89,826
down €89,826 (-99.9%), from €89,872 to €46
- Reserves -€63,875
down €63,875 (-19.5%), from €327,177 to €263,302
- Tax, wage and social debts -€43,507
down €43,507 (-42.4%), from €102,493 to €58,986
of which Taxes: -€43,906
- Gross operating margin +€124,724
up €124,724 (+14.7%), from €850,669 to €975,394
- Staff costs +€56,226
up €56,226 (+21.0%), from €267,781 to €324,007
- Taxes +€13,775
up €13,775 (+9.6%), from €142,984 to €156,760
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 | €1,215,154 | €1,035,770 | -€179,384 | -14.8% |
| Fixed assets | 21/28 | €9,565 | €26,709 | +€17,144 | +179% |
| Intangible fixed assets | 21 | - | €18,787 | +€18,787 | |
| Tangible fixed assets | 22/27 | €5,065 | €3,422 | -€1,643 | -32.4% |
| Furniture and vehicles | 24 | €5,065 | €3,422 | -€1,643 | -32.4% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €1,205,589 | €1,009,061 | -€196,529 | -16.3% |
| Amounts receivable after more than one year | 29 | €197,000 | €164,000 | -€33,000 | -16.8% |
| Other amounts receivable | 291 | €197,000 | €164,000 | -€33,000 | -16.8% |
| Amounts receivable within one year | 40/41 | €265,609 | €195,662 | -€69,946 | -26.3% |
| Trade receivables | 40 | €172,609 | €162,398 | -€10,210 | -5.9% |
| Other amounts receivable | 41 | €93,000 | €33,264 | -€59,736 | -64.2% |
| Current investments | 50/53 | €489,939 | €489,939 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €223,531 | €130,613 | -€92,919 | -41.6% |
| Deferred charges and accrued income | 490/1 | €29,510 | €28,847 | -€663 | -2.2% |
| Total equity and liabilities | 10/49 | €1,215,154 | €1,035,770 | -€179,384 | -14.8% |
| Equity | 10/15 | €345,777 | €281,902 | -€63,875 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €327,177 | €263,302 | -€63,875 | -19.5% |
| Distributable reserves | 133 | €327,177 | €263,302 | -€63,875 | -19.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €869,377 | €753,868 | -€115,509 | -13.3% |
| Amounts payable within one year | 42/48 | €869,377 | €753,868 | -€115,509 | -13.3% |
| Financial debts | 43 | €89,872 | €46 | -€89,826 | -99.9% |
| Credit institutions | 430/8 | €89,872 | €46 | -€89,826 | -99.9% |
| Trade debts | 44 | €37,485 | €51,777 | +€14,292 | +38.1% |
| Suppliers | 440/4 | €37,485 | €51,777 | +€14,292 | +38.1% |
| Advances received on contracts in progress | 46 | €439,506 | €343,038 | -€96,468 | -21.9% |
| Taxes, remuneration and social security | 45 | €102,493 | €58,986 | -€43,507 | -42.4% |
| Taxes | 450/3 | €66,459 | €22,553 | -€43,906 | -66.1% |
| Remuneration and social security | 454/9 | €36,033 | €36,433 | +€400 | +1.1% |
| Other amounts payable | 47/48 | €200,020 | €300,020 | +€100,000 | +50.0% |
| Remuneration, social security and pensions | 62 | €267,781 | €324,007 | +€56,226 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,806 | €4,228 | +€2,421 | +134% |
| Other operating charges | 640/8 | €1,255 | €998 | -€256 | -20.4% |
| Gross operating margin | 9900 | €850,669 | €975,394 | +€124,724 | +14.7% |
| Operating profit (loss) | 9901 | €579,827 | €646,160 | +€66,333 | +11.4% |
| Financial income | 75/76B | €20,324 | €29,566 | +€9,241 | +45.5% |
| Recurring financial income | 75 | €20,324 | €29,566 | +€9,241 | +45.5% |
| Financial charges | 65/66B | €11,456 | €7,842 | -€3,615 | -31.6% |
| Recurring financial charges | 65 | €11,456 | €7,842 | -€3,615 | -31.6% |
| Profit (loss) for the period before taxes | 9903 | €588,695 | €667,884 | +€79,189 | +13.5% |
| Income taxes | 67/77 | €142,984 | €156,760 | +€13,775 | +9.6% |
| Profit (loss) for the period | 9904 | €445,711 | €511,125 | +€65,414 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €445,711 | €511,125 | +€65,414 | +14.7% |
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 15 October 2026 via checked.be.