N.D: 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.
N.D
Largest movements
- Receivables within one year +€33,577
up €33,577 (+87.2%), from €38,509 to €72,086
of which Other amounts receivable: +€20,814
- Tangible fixed assets -€13,935
down €13,935 (-79.8%), from €17,473 to €3,538
- Cash -€3,522
down €3,522 (-16.2%), from €21,784 to €18,262
mainly Receivables within one year (-€33,577) and Tax, wage and social debts (-€476)
- Trade debts +€14,066
up €14,066 (+467.6%), from €3,008 to €17,074
- Profit (loss) carried forward +€2,529
up €2,529 (+4.9%), from €52,059 to €54,588
- Gross operating margin -€42,062
down €42,062 (-45.8%), from €91,879 to €49,817
- Staff costs +€7,646
up €7,646 (+34.2%), from €22,364 to €30,010
- Financial income -€1,342
no longer reported in 2025 (was €1,342)
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 | €79,266 | €95,385 | +€16,119 | +20.3% |
| Fixed assets | 21/28 | €18,973 | €5,038 | -€13,935 | -73.4% |
| Tangible fixed assets | 22/27 | €17,473 | €3,538 | -€13,935 | -79.8% |
| Furniture and vehicles | 24 | €17,473 | €3,538 | -€13,935 | -79.8% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €60,293 | €90,347 | +€30,055 | +49.8% |
| Amounts receivable within one year | 40/41 | €38,509 | €72,086 | +€33,577 | +87.2% |
| Trade receivables | 40 | €4,040 | €16,803 | +€12,763 | +315.9% |
| Other amounts receivable | 41 | €34,469 | €55,283 | +€20,814 | +60.4% |
| Cash at bank and in hand | 54/58 | €21,784 | €18,262 | -€3,522 | -16.2% |
| Total equity and liabilities | 10/49 | €79,266 | €95,385 | +€16,119 | +20.3% |
| Equity | 10/15 | €70,659 | €73,188 | +€2,529 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,059 | €54,588 | +€2,529 | +4.9% |
| Amounts payable | 17/49 | €8,607 | €22,197 | +€13,590 | +157.9% |
| Amounts payable within one year | 42/48 | €8,607 | €22,197 | +€13,590 | +157.9% |
| Trade debts | 44 | €3,008 | €17,074 | +€14,066 | +467.6% |
| Suppliers | 440/4 | €3,008 | €17,074 | +€14,066 | +467.6% |
| Taxes, remuneration and social security | 45 | €5,599 | €5,123 | -€476 | -8.5% |
| Taxes | 450/3 | €1,408 | €3,461 | +€2,053 | +145.8% |
| Remuneration and social security | 454/9 | €4,191 | €1,662 | -€2,529 | -60.3% |
| Remuneration, social security and pensions | 62 | €22,364 | €30,010 | +€7,646 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,792 | €2,755 | -€37 | -1.3% |
| Other operating charges | 640/8 | €1,630 | €1,907 | +€276 | +17.0% |
| Non-recurring operating charges | 66A | €9,440 | €12,160 | +€2,721 | +28.8% |
| Gross operating margin | 9900 | €91,879 | €49,817 | -€42,062 | -45.8% |
| Operating profit (loss) | 9901 | €55,653 | €2,985 | -€52,668 | -94.6% |
| Financial income | 75/76B | €1,342 | - | -€1,342 | |
| Recurring financial income | 75 | €1,342 | - | -€1,342 | |
| Financial charges | 65/66B | €292 | €401 | +€109 | +37.4% |
| Recurring financial charges | 65 | €292 | €401 | +€109 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | €56,702 | €2,584 | -€54,119 | -95.4% |
| Income taxes | 67/77 | - | €55 | +€55 | |
| Profit (loss) for the period | 9904 | €56,702 | €2,529 | -€54,173 | -95.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,702 | €2,529 | -€54,173 | -95.5% |
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 5 October 2026 via checked.be.