Negotium: 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.
Negotium
Largest movements
- Cash +€22,110
up €22,110 (+25.4%), from €87,150 to €109,260
- Receivables within one year +€7,887
up €7,887 (+1,139%), from €692 to €8,579
of which Trade receivables: +€8,400
- Reserves +€34,630
up €34,630 (+67.9%), from €50,986 to €85,616
of which Distributable reserves: +€34,630
- Other debts -€6,255
down €6,255 (-65.8%), from €9,501 to €3,246
- Tax, wage and social debts +€1,454
up €1,454 (+30.8%), from €4,716 to €6,170
of which Taxes: +€1,426
- Gross operating margin +€36,775
up €36,775 (+239%), from €15,381 to €52,156
- Taxes +€9,555
up €9,555 (+222%), from €4,308 to €13,863
- Financial charges +€2,239
up €2,239 (+22,618%), from €10 to €2,249
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,069 | €124,915 | +€29,846 | +31.4% |
| Fixed assets | 21/28 | €5,210 | €5,311 | +€101 | +1.9% |
| Tangible fixed assets | 22/27 | €5,210 | €5,311 | +€101 | +1.9% |
| Land and buildings | 22 | €5,111 | €4,144 | -€967 | -18.9% |
| Plant, machinery and equipment | 23 | €98 | €1,167 | +€1,069 | +1,088% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €89,860 | €119,604 | +€29,745 | +33.1% |
| Amounts receivable within one year | 40/41 | €692 | €8,579 | +€7,887 | +1,139% |
| Trade receivables | 40 | - | €8,400 | +€8,400 | |
| Other amounts receivable | 41 | €692 | €179 | -€513 | -74.2% |
| Cash at bank and in hand | 54/58 | €87,150 | €109,260 | +€22,110 | +25.4% |
| Deferred charges and accrued income | 490/1 | €2,018 | €1,765 | -€252 | -12.5% |
| Total equity and liabilities | 10/49 | €95,069 | €124,915 | +€29,846 | +31.4% |
| Equity | 10/15 | €78,254 | €112,884 | +€34,630 | +44.3% |
| Contributions | 10/11 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €50,986 | €85,616 | +€34,630 | +67.9% |
| Non-distributable reserves | 130/1 | €2,727 | €2,727 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,727 | €2,727 | = | 0.0% |
| Distributable reserves | 133 | €48,259 | €82,889 | +€34,630 | +71.8% |
| Amounts payable | 17/49 | €16,815 | €12,031 | -€4,784 | -28.5% |
| Amounts payable within one year | 42/48 | €16,165 | €11,381 | -€4,784 | -29.6% |
| Trade debts | 44 | €1,948 | €1,965 | +€17 | +0.9% |
| Suppliers | 440/4 | €1,948 | €1,965 | +€17 | +0.9% |
| Taxes, remuneration and social security | 45 | €4,716 | €6,170 | +€1,454 | +30.8% |
| Taxes | 450/3 | €894 | €2,320 | +€1,426 | +159% |
| Remuneration and social security | 454/9 | €3,822 | €3,851 | +€28 | +0.7% |
| Other amounts payable | 47/48 | €9,501 | €3,246 | -€6,255 | -65.8% |
| Accrued charges and deferred income | 492/3 | €650 | €650 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,114 | €1,080 | -€34 | -3.1% |
| Other operating charges | 640/8 | €155 | €340 | +€185 | +119% |
| Gross operating margin | 9900 | €15,381 | €52,156 | +€36,775 | +239% |
| Operating profit (loss) | 9901 | €14,112 | €50,737 | +€36,624 | +260% |
| Financial income | 75/76B | €13 | €5 | -€8 | -59.2% |
| Recurring financial income | 75 | €13 | €5 | -€8 | -59.2% |
| Financial charges | 65/66B | €10 | €2,249 | +€2,239 | +22,618% |
| Recurring financial charges | 65 | €10 | €2,249 | +€2,239 | +22,618% |
| Profit (loss) for the period before taxes | 9903 | €14,116 | €48,493 | +€34,377 | +244% |
| Income taxes | 67/77 | €4,308 | €13,863 | +€9,555 | +222% |
| Profit (loss) for the period | 9904 | €9,808 | €34,630 | +€24,822 | +253% |
| Profit (loss) for the period to be appropriated | 9905 | €9,808 | €34,630 | +€24,822 | +253% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.