NEW LEVEL: 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.
NEW LEVEL
Largest movements
- Receivables within one year -€14,686
down €14,686 (-28.3%), from €51,853 to €37,167
of which Other amounts receivable: -€38,277
- Cash +€5,337
up €5,337 (+37.6%), from €14,176 to €19,513
mainly Tax, wage and social debts (+€29,071) and Net result for the year (+€28,908)
- Profit (loss) carried forward -€46,092
down €46,092 (-83.6%), from €55,141 to €9,049
- Tax, wage and social debts +€29,071
up €29,071 (+248%), from €11,730 to €40,801
of which Taxes: +€26,648
- Other debts +€12,359
new in 2025: €12,359
- Debts after one year -€9,175
down €9,175 (-35.0%), from €26,180 to €17,006
- Accrued charges and deferred income +€6,298
up €6,298, from €0 to €6,298
- Gross operating margin +€26,442
up €26,442 (+97.7%), from €27,071 to €53,512
- Taxes +€6,991
up €6,991 (+145%), from €4,829 to €11,820
- Depreciation +€1,327
up €1,327 (+13.2%), from €10,050 to €11,377
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 | €105,923 | €96,687 | -€9,237 | -8.7% |
| Fixed assets | 21/28 | €37,743 | €37,737 | -€7 | 0.0% |
| Tangible fixed assets | 22/27 | €37,743 | €37,737 | -€7 | 0.0% |
| Furniture and vehicles | 24 | €37,743 | €33,282 | -€4,462 | -11.8% |
| Other tangible fixed assets | 26 | - | €4,455 | +€4,455 | |
| Current assets | 29/58 | €68,180 | €58,950 | -€9,230 | -13.5% |
| Amounts receivable within one year | 40/41 | €51,853 | €37,167 | -€14,686 | -28.3% |
| Trade receivables | 40 | €13,570 | €37,160 | +€23,590 | +174% |
| Other amounts receivable | 41 | €38,283 | €6 | -€38,277 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,176 | €19,513 | +€5,337 | +37.6% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,270 | +€119 | +5.6% |
| Total equity and liabilities | 10/49 | €105,923 | €96,687 | -€9,237 | -8.7% |
| Equity | 10/15 | €57,141 | €11,049 | -€46,092 | -80.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,141 | €9,049 | -€46,092 | -83.6% |
| Amounts payable | 17/49 | €48,783 | €85,638 | +€36,855 | +75.6% |
| Amounts payable after more than one year | 17 | €26,180 | €17,006 | -€9,175 | -35.0% |
| Financial debts | 170/4 | €26,180 | €17,006 | -€9,175 | -35.0% |
| Amounts payable within one year | 42/48 | €22,602 | €62,335 | +€39,732 | +176% |
| Current portion of amounts payable after more than one year | 42 | €8,800 | €9,175 | +€375 | +4.3% |
| Trade debts | 44 | €2,073 | €0 | -€2,073 | -100% |
| Suppliers | 440/4 | €2,073 | €0 | -€2,073 | -100% |
| Taxes, remuneration and social security | 45 | €11,730 | €40,801 | +€29,071 | +248% |
| Taxes | 450/3 | €11,730 | €38,378 | +€26,648 | +227% |
| Remuneration and social security | 454/9 | €0 | €2,423 | +€2,423 | |
| Other amounts payable | 47/48 | - | €12,359 | +€12,359 | |
| Accrued charges and deferred income | 492/3 | €0 | €6,298 | +€6,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,050 | €11,377 | +€1,327 | +13.2% |
| Other operating charges | 640/8 | €1,041 | €957 | -€84 | -8.0% |
| Gross operating margin | 9900 | €27,071 | €53,512 | +€26,442 | +97.7% |
| Operating profit (loss) | 9901 | €15,980 | €41,178 | +€25,198 | +158% |
| Financial income | 75/76B | €2,184 | €2,172 | -€12 | -0.6% |
| Recurring financial income | 75 | €2,184 | €2,172 | -€12 | -0.6% |
| Financial charges | 65/66B | €2,947 | €2,623 | -€324 | -11.0% |
| Recurring financial charges | 65 | €2,947 | €2,623 | -€324 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €15,217 | €40,727 | +€25,510 | +168% |
| Income taxes | 67/77 | €4,829 | €11,820 | +€6,991 | +145% |
| Profit (loss) for the period | 9904 | €10,389 | €28,908 | +€18,519 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €10,389 | €28,908 | +€18,519 | +178% |
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 15 October 2026 via checked.be.