No Drama: 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.
No Drama
Largest movements
- Receivables within one year +€34,955
up €34,955 (+126%), from €27,807 to €62,762
of which Trade receivables: +€33,360
- Cash +€6,922
up €6,922 (+375%), from €1,848 to €8,770
mainly Trade debts (+€28,659) and Net result for the year (+€7,994)
- Trade debts +€28,659
up €28,659 (+442%), from €6,477 to €35,136
- Current portion of long-term debt -€8,562
down €8,562 (-67.1%), from €12,768 to €4,206
- Reserves +€7,994
up €7,994 (+259%), from €3,085 to €11,078
- Tax, wage and social debts +€7,788
up €7,788 (+660%), from €1,180 to €8,969
- Other debts +€7,578
up €7,578 (+5,647%), from €134 to €7,713
- Gross operating margin +€6,332
up €6,332 (+101%), from €6,263 to €12,595
- Taxes +€1,337
up €1,337 (+113%), from €1,180 to €2,518
- Financial charges +€467
up €467 (+95.4%), from €489 to €956
- Depreciation -€366
down €366 (-46.7%), from €784 to €418
- Staff costs -€320
no longer reported in 2025 (was €320)
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 | €54,406 | €97,863 | +€43,457 | +79.9% |
| Fixed assets | 21/28 | €24,751 | €25,586 | +€835 | +3.4% |
| Tangible fixed assets | 22/27 | €24,751 | €25,586 | +€835 | +3.4% |
| Plant, machinery and equipment | 23 | - | €3,598 | +€3,598 | |
| Furniture and vehicles | 24 | €24,751 | €21,988 | -€2,764 | -11.2% |
| Current assets | 29/58 | €29,655 | €72,277 | +€42,622 | +144% |
| Amounts receivable within one year | 40/41 | €27,807 | €62,762 | +€34,955 | +126% |
| Trade receivables | 40 | €5,654 | €39,014 | +€33,360 | +590% |
| Other amounts receivable | 41 | €22,153 | €23,748 | +€1,595 | +7.2% |
| Cash at bank and in hand | 54/58 | €1,848 | €8,770 | +€6,922 | +375% |
| Deferred charges and accrued income | 490/1 | - | €745 | +€745 | |
| Total equity and liabilities | 10/49 | €54,406 | €97,863 | +€43,457 | +79.9% |
| Equity | 10/15 | €21,685 | €29,678 | +€7,994 | +36.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,085 | €11,078 | +€7,994 | +259% |
| Distributable reserves | 133 | €3,085 | €11,078 | +€7,994 | +259% |
| Amounts payable | 17/49 | €32,722 | €68,185 | +€35,463 | +108% |
| Amounts payable after more than one year | 17 | €12,161 | €12,161 | = | 0.0% |
| Financial debts | 170/4 | €12,161 | €12,161 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,560 | €56,024 | +€35,463 | +172% |
| Current portion of amounts payable after more than one year | 42 | €12,768 | €4,206 | -€8,562 | -67.1% |
| Trade debts | 44 | €6,477 | €35,136 | +€28,659 | +442% |
| Suppliers | 440/4 | €6,477 | €35,136 | +€28,659 | +442% |
| Taxes, remuneration and social security | 45 | €1,180 | €8,969 | +€7,788 | +660% |
| Taxes | 450/3 | €1,180 | €8,969 | +€7,788 | +660% |
| Other amounts payable | 47/48 | €134 | €7,713 | +€7,578 | +5,647% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €5,496 | +€5,496 | |
| Remuneration, social security and pensions | 62 | €320 | - | -€320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784 | €418 | -€366 | -46.7% |
| Other operating charges | 640/8 | €965 | €709 | -€256 | -26.5% |
| Gross operating margin | 9900 | €6,263 | €12,595 | +€6,332 | +101% |
| Operating profit (loss) | 9901 | €4,194 | €11,468 | +€7,273 | +173% |
| Financial income | 75/76B | €124 | €0 | -€124 | -100.0% |
| Recurring financial income | 75 | €124 | €0 | -€124 | -100.0% |
| Financial charges | 65/66B | €489 | €956 | +€467 | +95.4% |
| Recurring financial charges | 65 | €489 | €956 | +€467 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | €3,829 | €10,511 | +€6,683 | +175% |
| Income taxes | 67/77 | €1,180 | €2,518 | +€1,337 | +113% |
| Profit (loss) for the period | 9904 | €2,649 | €7,994 | +€5,345 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €2,649 | €7,994 | +€5,345 | +202% |
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 23 October 2026 via checked.be.