New View: 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 View
Largest movements
- Receivables within one year +€99,513
up €99,513 (+1028.0%), from €9,680 to €109,193
of which Trade receivables: +€52,657
- Cash -€12,206
down €12,206 (-69.6%), from €17,531 to €5,325
mainly Receivables within one year (-€99,513) and Investment in fixed assets (net) (-€9,445)
- Tangible fixed assets +€7,660
up €7,660 (+211.2%), from €3,628 to €11,287
of which Plant, machinery and equipment: +€5,749
- Reserves +€70,566
up €70,566 (+427.0%), from €16,526 to €87,092
- Tax, wage and social debts +€26,641
up €26,641 (+261.4%), from €10,190 to €36,831
- Gross operating margin +€72,464
up €72,464 (+336.7%), from €21,520 to €93,983
- Taxes +€14,061
up €14,061 (+333.0%), from €4,222 to €18,283
- Financial charges +€2,120
up €2,120 (+661.7%), from €320 to €2,441
- Depreciation +€1,660
up €1,660 (+1330.8%), from €125 to €1,785
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 | €30,838 | €125,805 | +€94,967 | +308.0% |
| Fixed assets | 21/28 | €3,628 | €11,287 | +€7,660 | +211.2% |
| Tangible fixed assets | 22/27 | €3,628 | €11,287 | +€7,660 | +211.2% |
| Plant, machinery and equipment | 23 | €3,628 | €9,377 | +€5,749 | +158.5% |
| Furniture and vehicles | 24 | - | €1,911 | +€1,911 | |
| Current assets | 29/58 | €27,211 | €114,518 | +€87,307 | +320.9% |
| Amounts receivable within one year | 40/41 | €9,680 | €109,193 | +€99,513 | +1028.0% |
| Trade receivables | 40 | €9,680 | €62,337 | +€52,657 | +544.0% |
| Other amounts receivable | 41 | - | €46,856 | +€46,856 | |
| Cash at bank and in hand | 54/58 | €17,531 | €5,325 | -€12,206 | -69.6% |
| Total equity and liabilities | 10/49 | €30,838 | €125,805 | +€94,967 | +308.0% |
| Equity | 10/15 | €16,526 | €87,092 | +€70,566 | +427.0% |
| Reserves | 13 | €16,526 | €87,092 | +€70,566 | +427.0% |
| Distributable reserves | 133 | €16,526 | €87,092 | +€70,566 | +427.0% |
| Amounts payable | 17/49 | €14,312 | €38,713 | +€24,401 | +170.5% |
| Amounts payable within one year | 42/48 | €14,312 | €38,713 | +€24,401 | +170.5% |
| Trade debts | 44 | €2,947 | €1,883 | -€1,064 | -36.1% |
| Suppliers | 440/4 | €2,947 | €1,883 | -€1,064 | -36.1% |
| Taxes, remuneration and social security | 45 | €10,190 | €36,831 | +€26,641 | +261.4% |
| Taxes | 450/3 | €10,190 | €36,831 | +€26,641 | +261.4% |
| Other amounts payable | 47/48 | €1,175 | - | -€1,175 | |
| Remuneration, social security and pensions | 62 | €327 | - | -€327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125 | €1,785 | +€1,660 | +1330.8% |
| Other operating charges | 640/8 | - | €909 | +€909 | |
| Gross operating margin | 9900 | €21,520 | €93,983 | +€72,464 | +336.7% |
| Operating profit (loss) | 9901 | €21,068 | €91,289 | +€70,221 | +333.3% |
| Financial charges | 65/66B | €320 | €2,441 | +€2,120 | +661.7% |
| Recurring financial charges | 65 | €320 | €2,441 | +€2,120 | +661.7% |
| Profit (loss) for the period before taxes | 9903 | €20,748 | €88,849 | +€68,101 | +328.2% |
| Income taxes | 67/77 | €4,222 | €18,283 | +€14,061 | +333.0% |
| Profit (loss) for the period | 9904 | €16,526 | €70,566 | +€54,040 | +327.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,526 | €70,566 | +€54,040 | +327.0% |
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 11 October 2026 via checked.be.