NEXT STEP: 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.
NEXT STEP
Largest movements
- Cash +€13,775
up €13,775 (+155%), from €8,889 to €22,664
mainly Net result for the year (+€12,855) and Depreciation (+€4,200)
- Tangible fixed assets -€2,744
down €2,744 (-17.7%), from €15,537 to €12,793
of which Furniture and vehicles: -€3,600
- Receivables within one year +€2,156
up €2,156 (+74.9%), from €2,880 to €5,036
- Profit (loss) carried forward +€12,855
up €12,855 (+191%), from €6,743 to €19,598
- Tax, wage and social debts -€1,791
down €1,791 (-16.9%), from €10,630 to €8,838
of which Remuneration and social security: -€3,500
- Advances received +€1,573
new in 2025: €1,573
- Trade debts +€715
new in 2025: €715
- Gross operating margin +€17,472
up €17,472 (+418%), from €4,180 to €21,652
- Taxes +€3,557
up €3,557 (+753%), from €472 to €4,029
- Depreciation +€368
up €368 (+9.6%), from €3,832 to €4,200
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 | €27,656 | €41,112 | +€13,456 | +48.7% |
| Fixed assets | 21/28 | €15,537 | €12,793 | -€2,744 | -17.7% |
| Tangible fixed assets | 22/27 | €15,537 | €12,793 | -€2,744 | -17.7% |
| Furniture and vehicles | 24 | €10,810 | €7,210 | -€3,600 | -33.3% |
| Other tangible fixed assets | 26 | €4,727 | €5,583 | +€856 | +18.1% |
| Current assets | 29/58 | €12,119 | €28,319 | +€16,200 | +134% |
| Amounts receivable within one year | 40/41 | €2,880 | €5,036 | +€2,156 | +74.9% |
| Trade receivables | 40 | €2,880 | €5,036 | +€2,156 | +74.9% |
| Cash at bank and in hand | 54/58 | €8,889 | €22,664 | +€13,775 | +155% |
| Deferred charges and accrued income | 490/1 | €350 | €619 | +€269 | +76.8% |
| Total equity and liabilities | 10/49 | €27,656 | €41,112 | +€13,456 | +48.7% |
| Equity | 10/15 | €9,243 | €22,098 | +€12,855 | +139% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,743 | €19,598 | +€12,855 | +191% |
| Amounts payable | 17/49 | €18,413 | €19,014 | +€601 | +3.3% |
| Amounts payable within one year | 42/48 | €18,413 | €19,014 | +€601 | +3.3% |
| Trade debts | 44 | - | €715 | +€715 | |
| Suppliers | 440/4 | - | €715 | +€715 | |
| Advances received on contracts in progress | 46 | - | €1,573 | +€1,573 | |
| Taxes, remuneration and social security | 45 | €10,630 | €8,838 | -€1,791 | -16.9% |
| Taxes | 450/3 | €5,366 | €7,075 | +€1,709 | +31.8% |
| Remuneration and social security | 454/9 | €5,263 | €1,763 | -€3,500 | -66.5% |
| Other amounts payable | 47/48 | €7,783 | €7,887 | +€104 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,832 | €4,200 | +€368 | +9.6% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,180 | €21,652 | +€17,472 | +418% |
| Operating profit (loss) | 9901 | -€39 | €17,052 | +€17,091 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €153 | €168 | +€15 | +9.8% |
| Recurring financial charges | 65 | €153 | €168 | +€15 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€192 | €16,884 | +€17,076 | |
| Income taxes | 67/77 | €472 | €4,029 | +€3,557 | +753% |
| Profit (loss) for the period | 9904 | -€664 | €12,855 | +€13,519 | |
| Profit (loss) for the period to be appropriated | 9905 | -€664 | €12,855 | +€13,519 |
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 22 October 2026 via checked.be.