NEXT STEP AND MORE: what changed
NEXT STEP AND MORE
Largest movements
- Cash +€17,564
up €17,564 (+16.0%), from €109,733 to €127,298
mainly Other debts (+€54,702) and Net result for the year (+€41,471)
- Receivables within one year +€5,013
up €5,013 (+62.6%), from €8,013 to €13,027
of which Trade receivables: +€4,214
- Other debts +€54,702
up €54,702 (+1,033%), from €5,298 to €60,000
- Reserves -€18,529
down €18,529 (-23.9%), from €77,510 to €58,982
- Tax, wage and social debts -€14,370
down €14,370 (-56.3%), from €25,511 to €11,141
- Gross operating margin +€12,717
up €12,717 (+29.9%), from €42,573 to €55,290
- Taxes +€828
up €828 (+7.5%), from €11,066 to €11,895
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,412 | €143,019 | +€22,607 | +18.8% |
| Fixed assets | 21/28 | €2,290 | €2,248 | -€42 | -1.8% |
| Intangible fixed assets | 21 | €800 | €400 | -€400 | -50.0% |
| Tangible fixed assets | 22/27 | €1,490 | €1,848 | +€358 | +24.0% |
| Furniture and vehicles | 24 | €1,490 | €1,848 | +€358 | +24.0% |
| Current assets | 29/58 | €118,122 | €140,771 | +€22,649 | +19.2% |
| Amounts receivable within one year | 40/41 | €8,013 | €13,027 | +€5,013 | +62.6% |
| Trade receivables | 40 | €7,856 | €12,070 | +€4,214 | +53.6% |
| Other amounts receivable | 41 | €158 | €956 | +€799 | +507% |
| Cash at bank and in hand | 54/58 | €109,733 | €127,298 | +€17,564 | +16.0% |
| Deferred charges and accrued income | 490/1 | €375 | €447 | +€72 | +19.1% |
| Total equity and liabilities | 10/49 | €120,412 | €143,019 | +€22,607 | +18.8% |
| Equity | 10/15 | €87,510 | €68,982 | -€18,529 | -21.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €77,510 | €58,982 | -€18,529 | -23.9% |
| Distributable reserves | 133 | €77,510 | €58,982 | -€18,529 | -23.9% |
| Amounts payable | 17/49 | €32,901 | €74,037 | +€41,136 | +125% |
| Amounts payable within one year | 42/48 | €32,901 | €74,037 | +€41,136 | +125% |
| Trade debts | 44 | €2,093 | €2,896 | +€803 | +38.4% |
| Suppliers | 440/4 | €2,093 | €2,896 | +€803 | +38.4% |
| Taxes, remuneration and social security | 45 | €25,511 | €11,141 | -€14,370 | -56.3% |
| Taxes | 450/3 | €25,511 | €11,141 | -€14,370 | -56.3% |
| Other amounts payable | 47/48 | €5,298 | €60,000 | +€54,702 | +1,033% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,108 | €1,243 | +€136 | +12.2% |
| Other operating charges | 640/8 | €512 | €525 | +€12 | +2.4% |
| Gross operating margin | 9900 | €42,573 | €55,290 | +€12,717 | +29.9% |
| Operating profit (loss) | 9901 | €40,953 | €53,522 | +€12,569 | +30.7% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €138 | €158 | +€20 | +14.6% |
| Recurring financial charges | 65 | €138 | €158 | +€20 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €40,815 | €53,366 | +€12,551 | +30.8% |
| Income taxes | 67/77 | €11,066 | €11,895 | +€828 | +7.5% |
| Profit (loss) for the period | 9904 | €29,749 | €41,471 | +€11,723 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,749 | €41,471 | +€11,723 | +39.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.