MY SAY: 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.
MY SAY
Largest movements
- Cash +€29,276
up €29,276 (+168%), from €17,464 to €46,740
mainly Other debts (+€28,828) and Net result for the year (+€20,725)
- Receivables within one year -€7,845
down €7,845 (-79.5%), from €9,873 to €2,027
of which Other amounts receivable: -€8,531
- Stocks and contracts -€4,699
down €4,699 (-70.1%), from €6,699 to €2,000
- Tangible fixed assets +€690
up €690 (+72.3%), from €954 to €1,644
of which Furniture and vehicles: +€1,233
- Other debts +€28,828
up €28,828 (+3,005%), from €959 to €29,787
- Trade debts -€22,803
down €22,803 (-74.5%), from €30,615 to €7,811
- Profit (loss) carried forward +€20,725
up €20,725 (+78.2%), from -€26,512 to -€5,787
- Tax, wage and social debts -€8,890
down €8,890 (-81.6%), from €10,891 to €2,000
of which Remuneration and social security: -€9,158
- Provisions -€621
down €621 (-100%), from €621 to €0
- Turnover -€226,086
no longer reported in 2025 (was €226,086)
- Purchases and services -€181,883
no longer reported in 2025 (was €181,883)
- Gross operating margin +€25,508
up €25,508 (+49.9%), from €51,078 to €76,585
- Staff costs +€3,616
up €3,616 (+7.8%), from €46,649 to €50,266
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 | €35,174 | €52,412 | +€17,238 | +49.0% |
| Fixed assets | 21/28 | €954 | €1,644 | +€690 | +72.3% |
| Tangible fixed assets | 22/27 | €954 | €1,644 | +€690 | +72.3% |
| Plant, machinery and equipment | 23 | €954 | €411 | -€543 | -56.9% |
| Furniture and vehicles | 24 | - | €1,233 | +€1,233 | |
| Current assets | 29/58 | €34,220 | €50,768 | +€16,548 | +48.4% |
| Stocks and contracts in progress | 3 | €6,699 | €2,000 | -€4,699 | -70.1% |
| Stocks | 30/36 | €6,699 | €2,000 | -€4,699 | -70.1% |
| Amounts receivable within one year | 40/41 | €9,873 | €2,027 | -€7,845 | -79.5% |
| Trade receivables | 40 | €1,141 | €1,826 | +€685 | +60.0% |
| Other amounts receivable | 41 | €8,731 | €201 | -€8,531 | -97.7% |
| Cash at bank and in hand | 54/58 | €17,464 | €46,740 | +€29,276 | +168% |
| Deferred charges and accrued income | 490/1 | €184 | €0 | -€184 | -100% |
| Total equity and liabilities | 10/49 | €35,174 | €52,412 | +€17,238 | +49.0% |
| Equity | 10/15 | -€7,912 | €12,813 | +€20,725 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,512 | -€5,787 | +€20,725 | +78.2% |
| Provisions and deferred taxes | 16 | €621 | €0 | -€621 | -100% |
| Provisions for liabilities and charges | 160/5 | €621 | €0 | -€621 | -100% |
| Other liabilities and charges | 164/5 | €621 | €0 | -€621 | -100% |
| Amounts payable | 17/49 | €42,465 | €39,599 | -€2,865 | -6.7% |
| Amounts payable within one year | 42/48 | €42,465 | €39,599 | -€2,865 | -6.7% |
| Trade debts | 44 | €30,615 | €7,811 | -€22,803 | -74.5% |
| Suppliers | 440/4 | €30,615 | €7,811 | -€22,803 | -74.5% |
| Taxes, remuneration and social security | 45 | €10,891 | €2,000 | -€8,890 | -81.6% |
| Taxes | 450/3 | €1,101 | €1,369 | +€268 | +24.3% |
| Remuneration and social security | 454/9 | €9,790 | €632 | -€9,158 | -93.5% |
| Other amounts payable | 47/48 | €959 | €29,787 | +€28,828 | +3,005% |
| Turnover | 70 | €226,086 | - | -€226,086 | |
| Non-recurring operating income | 76A | €6,874 | €621 | -€6,253 | -91.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €181,883 | - | -€181,883 | |
| Remuneration, social security and pensions | 62 | €46,649 | €50,266 | +€3,616 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €655 | +€112 | +20.6% |
| Other operating charges | 640/8 | €2,535 | €2,100 | -€434 | -17.1% |
| Gross operating margin | 9900 | €51,078 | €76,585 | +€25,508 | +49.9% |
| Operating profit (loss) | 9901 | €1,351 | €23,564 | +€22,213 | +1,644% |
| Financial income | 75/76B | €516 | €109 | -€407 | -78.9% |
| Recurring financial income | 75 | €516 | €109 | -€407 | -78.9% |
| Financial charges | 65/66B | €2,824 | €2,807 | -€17 | -0.6% |
| Recurring financial charges | 65 | €2,824 | €2,807 | -€17 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€957 | €20,866 | +€21,823 | |
| Income taxes | 67/77 | €50 | €141 | +€91 | +181% |
| Profit (loss) for the period | 9904 | -€1,008 | €20,725 | +€21,732 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,008 | €20,725 | +€21,732 |
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 22 October 2026 via checked.be.