NO SHIT SHERLOCK: what changed
NO SHIT SHERLOCK
Largest movements
- Cash +€25,144
up €25,144 (+97.4%), from €25,817 to €50,961
mainly Net result for the year (+€12,846) and Tax, wage and social debts (+€10,062)
- Tangible fixed assets +€8,097
up €8,097 (+87.7%), from €9,230 to €17,326
of which Furniture and vehicles: +€4,300
- Deferred charges and accrued income -€7,743
no longer reported in 2025 (was €7,743)
- Receivables within one year -€5,761
down €5,761 (-23.1%), from €24,905 to €19,144
of which Trade receivables: -€5,017
- Reserves +€12,846
up €12,846 (+34.6%), from €37,137 to €49,983
- Tax, wage and social debts +€10,062
up €10,062 (+66.5%), from €15,137 to €25,198
- Debts after one year -€3,000
down €3,000 (-29.3%), from €10,250 to €7,250
- Gross operating margin -€24,290
down €24,290 (-48.9%), from €49,630 to €25,340
- Depreciation +€5,105
up €5,105 (+867%), from €589 to €5,694
- Taxes -€4,828
down €4,828 (-48.8%), from €9,889 to €5,061
- Financial charges -€566
down €566 (-33.2%), from €1,706 to €1,139
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 | €67,695 | €87,432 | +€19,737 | +29.2% |
| Fixed assets | 21/28 | €9,230 | €17,326 | +€8,097 | +87.7% |
| Tangible fixed assets | 22/27 | €9,230 | €17,326 | +€8,097 | +87.7% |
| Plant, machinery and equipment | 23 | €3,811 | €7,608 | +€3,796 | +99.6% |
| Furniture and vehicles | 24 | €5,419 | €9,719 | +€4,300 | +79.4% |
| Current assets | 29/58 | €58,465 | €70,105 | +€11,640 | +19.9% |
| Amounts receivable within one year | 40/41 | €24,905 | €19,144 | -€5,761 | -23.1% |
| Trade receivables | 40 | €14,143 | €9,126 | -€5,017 | -35.5% |
| Other amounts receivable | 41 | €10,762 | €10,018 | -€744 | -6.9% |
| Cash at bank and in hand | 54/58 | €25,817 | €50,961 | +€25,144 | +97.4% |
| Deferred charges and accrued income | 490/1 | €7,743 | - | -€7,743 | |
| Total equity and liabilities | 10/49 | €67,695 | €87,432 | +€19,737 | +29.2% |
| Equity | 10/15 | €39,137 | €51,983 | +€12,846 | +32.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €37,137 | €49,983 | +€12,846 | +34.6% |
| Distributable reserves | 133 | €37,137 | €49,983 | +€12,846 | +34.6% |
| Amounts payable | 17/49 | €28,558 | €35,448 | +€6,891 | +24.1% |
| Amounts payable after more than one year | 17 | €10,250 | €7,250 | -€3,000 | -29.3% |
| Financial debts | 170/4 | €10,250 | €7,250 | -€3,000 | -29.3% |
| Amounts payable within one year | 42/48 | €18,308 | €28,198 | +€9,891 | +54.0% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €116 | - | -€116 | |
| Suppliers | 440/4 | €116 | - | -€116 | |
| Advances received on contracts in progress | 46 | €55 | - | -€55 | |
| Taxes, remuneration and social security | 45 | €15,137 | €25,198 | +€10,062 | +66.5% |
| Taxes | 450/3 | €15,137 | €25,198 | +€10,062 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €589 | €5,694 | +€5,105 | +867% |
| Other operating charges | 640/8 | €318 | €655 | +€336 | +106% |
| Gross operating margin | 9900 | €49,630 | €25,340 | -€24,290 | -48.9% |
| Operating profit (loss) | 9901 | €48,722 | €18,992 | -€29,731 | -61.0% |
| Financial income | 75/76B | €10 | €55 | +€45 | +464% |
| Recurring financial income | 75 | €10 | €55 | +€45 | +464% |
| Financial charges | 65/66B | €1,706 | €1,139 | -€566 | -33.2% |
| Recurring financial charges | 65 | €1,706 | €1,139 | -€566 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €47,027 | €17,907 | -€29,120 | -61.9% |
| Income taxes | 67/77 | €9,889 | €5,061 | -€4,828 | -48.8% |
| Profit (loss) for the period | 9904 | €37,137 | €12,846 | -€24,291 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,137 | €12,846 | -€24,291 | -65.4% |
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 4 November 2026 via checked.be.