NB: 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.
NB
Largest movements
- Current investments -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Cash +€36,244
up €36,244 (+131.7%), from €27,510 to €63,754
mainly Current investments (+€120,000) and Net result for the year (+€94,157)
- Tangible fixed assets -€17,745
down €17,745 (-30.5%), from €58,109 to €40,364
of which Furniture and vehicles: -€14,825
- Intangible fixed assets -€10,000
down €10,000 (-80.0%), from €12,493 to €2,493
- Receivables within one year -€6,349
down €6,349 (-38.3%), from €16,570 to €10,221
of which Trade receivables: -€3,416
- Other debts -€106,690
down €106,690 (-50.2%), from €212,732 to €106,042
- Tax, wage and social debts -€8,424
down €8,424 (-46.1%), from €18,259 to €9,835
- Gross operating margin +€22,297
up €22,297 (+16.8%), from €132,353 to €154,650
- Taxes +€12,701
up €12,701 (+63.3%), from €20,063 to €32,764
- Financial charges -€3,100
down €3,100 (-95.5%), from €3,245 to €145
- Depreciation +€2,820
up €2,820 (+11.3%), from €24,925 to €27,745
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 | €236,972 | €119,496 | -€117,477 | -49.6% |
| Fixed assets | 21/28 | €70,602 | €42,857 | -€27,745 | -39.3% |
| Intangible fixed assets | 21 | €12,493 | €2,493 | -€10,000 | -80.0% |
| Tangible fixed assets | 22/27 | €58,109 | €40,364 | -€17,745 | -30.5% |
| Land and buildings | 22 | €12,794 | €10,299 | -€2,495 | -19.5% |
| Plant, machinery and equipment | 23 | €1,242 | €817 | -€425 | -34.2% |
| Furniture and vehicles | 24 | €44,072 | €29,247 | -€14,825 | -33.6% |
| Current assets | 29/58 | €166,370 | €76,639 | -€89,731 | -53.9% |
| Amounts receivable within one year | 40/41 | €16,570 | €10,221 | -€6,349 | -38.3% |
| Trade receivables | 40 | €13,637 | €10,221 | -€3,416 | -25.1% |
| Other amounts receivable | 41 | €2,933 | €0 | -€2,933 | -100.0% |
| Current investments | 50/53 | €120,000 | €0 | -€120,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €27,510 | €63,754 | +€36,244 | +131.7% |
| Deferred charges and accrued income | 490/1 | €2,290 | €2,663 | +€373 | +16.3% |
| Total equity and liabilities | 10/49 | €236,972 | €119,496 | -€117,477 | -49.6% |
| Equity | 10/15 | €3,683 | €2,800 | -€883 | -24.0% |
| Contributions | 10/11 | €2,800 | €2,800 | = | 0.0% |
| Reserves | 13 | €883 | €0 | -€883 | -100.0% |
| Tax-exempt reserves | 132 | €883 | €0 | -€883 | -100.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €233,290 | €116,696 | -€116,594 | -50.0% |
| Amounts payable within one year | 42/48 | €231,394 | €116,696 | -€114,698 | -49.6% |
| Trade debts | 44 | €403 | €818 | +€416 | +103.3% |
| Suppliers | 440/4 | €403 | €818 | +€416 | +103.3% |
| Taxes, remuneration and social security | 45 | €18,259 | €9,835 | -€8,424 | -46.1% |
| Taxes | 450/3 | €18,259 | €9,835 | -€8,424 | -46.1% |
| Other amounts payable | 47/48 | €212,732 | €106,042 | -€106,690 | -50.2% |
| Accrued charges and deferred income | 492/3 | €1,896 | €0 | -€1,896 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,925 | €27,745 | +€2,820 | +11.3% |
| Other operating charges | 640/8 | €1,232 | €1,202 | -€30 | -2.5% |
| Gross operating margin | 9900 | €132,353 | €154,650 | +€22,297 | +16.8% |
| Operating profit (loss) | 9901 | €106,196 | €125,703 | +€19,507 | +18.4% |
| Financial income | 75/76B | €679 | €1,362 | +€683 | +100.6% |
| Recurring financial income | 75 | €679 | €1,362 | +€683 | +100.6% |
| Financial charges | 65/66B | €3,245 | €145 | -€3,100 | -95.5% |
| Recurring financial charges | 65 | €3,245 | €145 | -€3,100 | -95.5% |
| Profit (loss) for the period before taxes | 9903 | €103,630 | €126,921 | +€23,291 | +22.5% |
| Income taxes | 67/77 | €20,063 | €32,764 | +€12,701 | +63.3% |
| Profit (loss) for the period | 9904 | €83,567 | €94,157 | +€10,590 | +12.7% |
| Transfer from tax-exempt reserves | 789 | - | €883 | +€883 | |
| Transfer to tax-exempt reserves | 689 | €425 | €0 | -€425 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,142 | €95,039 | +€11,897 | +14.3% |
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 7 October 2026 via checked.be.