MULTIPLE HATS: 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.
MULTIPLE HATS
Largest movements
- Receivables within one year +€7,067
up €7,067 (+309.1%), from €2,286 to €9,353
of which Trade receivables: +€7,067
- Cash -€3,913
down €3,913 (-15.4%), from €25,371 to €21,458
mainly Receivables within one year (-€7,067) and Other debts (-€2,421)
- Tangible fixed assets -€483
down €483 (-100.0%), from €483 to €0
- Other debts -€2,421
down €2,421 (-16.5%), from €14,651 to €12,230
- Tax, wage and social debts +€2,223
up €2,223 (+904.3%), from €246 to €2,469
- Trade debts +€1,546
up €1,546 (+152.0%), from €1,017 to €2,563
- Profit (loss) carried forward +€1,178
up €1,178 (+11.4%), from €10,290 to €11,468
- Gross operating margin +€597
up €597 (+29.0%), from €2,054 to €2,650
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 | €28,716 | €31,242 | +€2,526 | +8.8% |
| Fixed assets | 21/28 | €483 | €0 | -€483 | -100.0% |
| Tangible fixed assets | 22/27 | €483 | €0 | -€483 | -100.0% |
| Furniture and vehicles | 24 | €483 | €0 | -€483 | -100.0% |
| Current assets | 29/58 | €28,233 | €31,242 | +€3,009 | +10.7% |
| Amounts receivable within one year | 40/41 | €2,286 | €9,353 | +€7,067 | +309.1% |
| Trade receivables | 40 | €2,286 | €9,353 | +€7,067 | +309.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €25,371 | €21,458 | -€3,913 | -15.4% |
| Deferred charges and accrued income | 490/1 | €576 | €431 | -€145 | -25.1% |
| Total equity and liabilities | 10/49 | €28,716 | €31,242 | +€2,526 | +8.8% |
| Equity | 10/15 | €12,790 | €13,968 | +€1,178 | +9.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,290 | €11,468 | +€1,178 | +11.4% |
| Amounts payable | 17/49 | €15,926 | €17,274 | +€1,348 | +8.5% |
| Amounts payable within one year | 42/48 | €15,926 | €17,274 | +€1,348 | +8.5% |
| Financial debts | 43 | €12 | €12 | = | 0.0% |
| Other loans | 439 | €12 | €12 | = | 0.0% |
| Trade debts | 44 | €1,017 | €2,563 | +€1,546 | +152.0% |
| Suppliers | 440/4 | €1,017 | €2,563 | +€1,546 | +152.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €246 | €2,469 | +€2,223 | +904.3% |
| Taxes | 450/3 | €246 | €2,469 | +€2,223 | +904.3% |
| Other amounts payable | 47/48 | €14,651 | €12,230 | -€2,421 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €487 | €483 | -€4 | -0.8% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €2,054 | €2,650 | +€597 | +29.0% |
| Operating profit (loss) | 9901 | €1,039 | €1,624 | +€585 | +56.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €455 | €445 | -€9 | -2.1% |
| Recurring financial charges | 65 | €455 | €445 | -€9 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €585 | €1,178 | +€594 | +101.5% |
| Profit (loss) for the period | 9904 | €585 | €1,178 | +€594 | +101.5% |
| Profit (loss) for the period to be appropriated | 9905 | €585 | €1,178 | +€594 | +101.5% |
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 10 October 2026 via checked.be.