N2: 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.
N2
Largest movements
- Cash +€12,366
up €12,366 (+111%), from €11,148 to €23,514
mainly Net result for the year (+€12,956) and Tax, wage and social debts (+€4,251)
- Receivables within one year +€2,201
up €2,201 (+47.5%), from €4,635 to €6,836
of which Trade receivables: +€2,796
- Tangible fixed assets +€714
up €714 (+143%), from €498 to €1,212
of which Furniture and vehicles: +€1,001
- Reserves +€10,000
up €10,000 (+4,000%), from €250 to €10,250
of which Distributable reserves: +€10,000
- Tax, wage and social debts +€4,251
up €4,251 (+97.2%), from €4,376 to €8,628
of which Taxes: +€3,333
- Profit (loss) carried forward +€2,956
up €2,956, from -€1,530 to €1,426
- Other debts -€1,965
down €1,965 (-22.4%), from €8,769 to €6,805
- Trade debts +€469
up €469 (+28.5%), from €1,643 to €2,112
- Taxes +€6,500
up €6,500 (+1,287%), from €505 to €7,005
- Gross operating margin +€5,556
up €5,556 (+36.7%), from €15,141 to €20,697
- Staff costs -€2,867
down €2,867 (-100%), from €2,867 to €0
- Financial charges -€2,046
down €2,046 (-94.9%), from €2,157 to €111
- Other operating charges -€662
down €662 (-73.4%), from €901 to €240
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 | €16,282 | €31,720 | +€15,438 | +94.8% |
| Fixed assets | 21/28 | €498 | €1,212 | +€714 | +143% |
| Tangible fixed assets | 22/27 | €498 | €1,212 | +€714 | +143% |
| Furniture and vehicles | 24 | €84 | €1,085 | +€1,001 | +1,187% |
| Other tangible fixed assets | 26 | €414 | €127 | -€287 | -69.4% |
| Current assets | 29/58 | €15,783 | €30,508 | +€14,725 | +93.3% |
| Amounts receivable within one year | 40/41 | €4,635 | €6,836 | +€2,201 | +47.5% |
| Trade receivables | 40 | €4,040 | €6,836 | +€2,796 | +69.2% |
| Other amounts receivable | 41 | €595 | €0 | -€595 | -100% |
| Cash at bank and in hand | 54/58 | €11,148 | €23,514 | +€12,366 | +111% |
| Deferred charges and accrued income | 490/1 | €0 | €157 | +€157 | |
| Total equity and liabilities | 10/49 | €16,282 | €31,720 | +€15,438 | +94.8% |
| Equity | 10/15 | €1,220 | €14,176 | +€12,956 | +1,062% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €10,250 | +€10,000 | +4,000% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Distributable reserves | 133 | - | €10,000 | +€10,000 | |
| Profit (loss) carried forward | 14 | -€1,530 | €1,426 | +€2,956 | |
| Amounts payable | 17/49 | €15,062 | €17,544 | +€2,482 | +16.5% |
| Amounts payable within one year | 42/48 | €14,789 | €17,544 | +€2,755 | +18.6% |
| Trade debts | 44 | €1,643 | €2,112 | +€469 | +28.5% |
| Suppliers | 440/4 | €1,643 | €2,112 | +€469 | +28.5% |
| Taxes, remuneration and social security | 45 | €4,376 | €8,628 | +€4,251 | +97.2% |
| Taxes | 450/3 | €3,173 | €6,506 | +€3,333 | +105% |
| Remuneration and social security | 454/9 | €1,203 | €2,121 | +€918 | +76.3% |
| Other amounts payable | 47/48 | €8,769 | €6,805 | -€1,965 | -22.4% |
| Accrued charges and deferred income | 492/3 | €273 | €0 | -€273 | -100% |
| Remuneration, social security and pensions | 62 | €2,867 | €0 | -€2,867 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €969 | €385 | -€584 | -60.3% |
| Other operating charges | 640/8 | €901 | €240 | -€662 | -73.4% |
| Gross operating margin | 9900 | €15,141 | €20,697 | +€5,556 | +36.7% |
| Operating profit (loss) | 9901 | €10,403 | €20,072 | +€9,669 | +92.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,157 | €111 | -€2,046 | -94.9% |
| Recurring financial charges | 65 | €2,157 | €111 | -€2,046 | -94.9% |
| Profit (loss) for the period before taxes | 9903 | €8,246 | €19,961 | +€11,715 | +142% |
| Income taxes | 67/77 | €505 | €7,005 | +€6,500 | +1,287% |
| Profit (loss) for the period | 9904 | €7,741 | €12,956 | +€5,215 | +67.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,741 | €12,956 | +€5,215 | +67.4% |
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 18 October 2026 via checked.be.