NEXT QUESTION: 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.
NEXT QUESTION
Largest movements
- Receivables within one year -€14,797
down €14,797 (-88.2%), from €16,782 to €1,985
of which Trade receivables: -€14,795
- Financial fixed assets +€10,800
up €10,800 (+106.9%), from €10,100 to €20,900
- Cash +€4,944
up €4,944 (+46.5%), from €10,633 to €15,577
mainly Receivables within one year (+€14,797) and Advances received (+€5,000)
- Advances received +€5,000
new in 2025: €5,000
- Debts after one year -€4,948
down €4,948 (-33.0%), from €15,000 to €10,052
- Other debts -€4,226
down €4,226 (-30.7%), from €13,775 to €9,549
- Profit (loss) carried forward +€3,714
up €3,714 (+38.2%), from €9,717 to €13,432
- Current portion of long-term debt +€2,865
new in 2025: €2,865
- Financial income +€6,242
up €6,242 (+104381.3%), from €6 to €6,248
of which Non-recurring financial income: +€6,242
- Taxes +€2,515
up €2,515 (+298.1%), from €844 to €3,359
- Gross operating margin +€1,583
up €1,583 (+34.9%), from €4,539 to €6,122
- Other operating charges -€363
down €363 (-30.0%), from €1,210 to €848
- Depreciation +€325
up €325 (+9.2%), from €3,540 to €3,865
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 | €48,212 | €48,906 | +€694 | +1.4% |
| Formation expenses | 20 | €543 | €356 | -€187 | -34.5% |
| Fixed assets | 21/28 | €18,198 | €28,894 | +€10,696 | +58.8% |
| Tangible fixed assets | 22/27 | €8,098 | €7,994 | -€104 | -1.3% |
| Furniture and vehicles | 24 | €8,098 | €6,077 | -€2,021 | -25.0% |
| Other tangible fixed assets | 26 | - | €1,917 | +€1,917 | |
| Financial fixed assets | 28 | €10,100 | €20,900 | +€10,800 | +106.9% |
| Current assets | 29/58 | €29,471 | €19,656 | -€9,815 | -33.3% |
| Amounts receivable within one year | 40/41 | €16,782 | €1,985 | -€14,797 | -88.2% |
| Trade receivables | 40 | €16,780 | €1,985 | -€14,795 | -88.2% |
| Other amounts receivable | 41 | €2 | - | -€2 | |
| Cash at bank and in hand | 54/58 | €10,633 | €15,577 | +€4,944 | +46.5% |
| Deferred charges and accrued income | 490/1 | €2,056 | €2,094 | +€38 | +1.9% |
| Total equity and liabilities | 10/49 | €48,212 | €48,906 | +€694 | +1.4% |
| Equity | 10/15 | €10,217 | €13,932 | +€3,714 | +36.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,717 | €13,432 | +€3,714 | +38.2% |
| Amounts payable | 17/49 | €37,994 | €34,974 | -€3,020 | -7.9% |
| Amounts payable after more than one year | 17 | €15,000 | €10,052 | -€4,948 | -33.0% |
| Financial debts | 170/4 | €15,000 | €10,052 | -€4,948 | -33.0% |
| Amounts payable within one year | 42/48 | €22,994 | €24,922 | +€1,928 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,865 | +€2,865 | |
| Trade debts | 44 | €1,573 | €475 | -€1,098 | -69.8% |
| Suppliers | 440/4 | €1,573 | €475 | -€1,098 | -69.8% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €7,646 | €7,033 | -€614 | -8.0% |
| Taxes | 450/3 | €7,646 | €7,033 | -€614 | -8.0% |
| Other amounts payable | 47/48 | €13,775 | €9,549 | -€4,226 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,540 | €3,865 | +€325 | +9.2% |
| Other operating charges | 640/8 | €1,210 | €848 | -€363 | -30.0% |
| Gross operating margin | 9900 | €4,539 | €6,122 | +€1,583 | +34.9% |
| Operating profit (loss) | 9901 | -€211 | €1,409 | +€1,621 | |
| Financial income | 75/76B | €6 | €6,248 | +€6,242 | +104381.3% |
| Recurring financial income | 75 | €6 | €6 | -€0 | -0.7% |
| Non-recurring financial income | 76B | - | €6,242 | +€6,242 | |
| Financial charges | 65/66B | €368 | €584 | +€216 | +58.6% |
| Recurring financial charges | 65 | €368 | €584 | +€216 | +58.6% |
| Profit (loss) for the period before taxes | 9903 | -€573 | €7,073 | +€7,647 | |
| Income taxes | 67/77 | €844 | €3,359 | +€2,515 | +298.1% |
| Profit (loss) for the period | 9904 | -€1,417 | €3,714 | +€5,132 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,417 | €3,714 | +€5,132 |
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 4 October 2026 via checked.be.