NoFilter: 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.
NoFilter
Largest movements
- Receivables after one year +€19,076
new in 2025: €19,076
- Cash -€8,395
down €8,395 (-99.9%), from €8,405 to €10
mainly Receivables after one year (-€19,076) and Investment in fixed assets (net) (-€4,897)
- Receivables within one year -€1,515
down €1,515 (-2.9%), from €52,102 to €50,587
of which Trade receivables: -€11,178
- Debts after one year +€5,145
new in 2025: €5,145
- Profit (loss) carried forward +€3,325
up €3,325 (+5.9%), from €56,733 to €60,057
- Trade debts +€3,206
up €3,206 (+195%), from €1,647 to €4,853
- Tax, wage and social debts -€2,536
down €2,536 (-13.1%), from €19,418 to €16,882
- Accrued charges and deferred income +€922
new in 2025: €922
- Gross operating margin -€63,872
down €63,872 (-90.6%), from €70,531 to €6,659
- Taxes -€13,249
down €13,249 (-92.3%), from €14,353 to €1,104
- Depreciation +€2,688
up €2,688 (+205%), from €1,314 to €4,003
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 | €78,437 | €88,498 | +€10,061 | +12.8% |
| Fixed assets | 21/28 | €15,430 | €16,324 | +€895 | +5.8% |
| Tangible fixed assets | 22/27 | €15,430 | €16,074 | +€645 | +4.2% |
| Land and buildings | 22 | - | €2,492 | +€2,492 | |
| Plant, machinery and equipment | 23 | €15,430 | €13,583 | -€1,847 | -12.0% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €63,007 | €72,174 | +€9,166 | +14.5% |
| Amounts receivable after more than one year | 29 | - | €19,076 | +€19,076 | |
| Other amounts receivable | 291 | - | €19,076 | +€19,076 | |
| Amounts receivable within one year | 40/41 | €52,102 | €50,587 | -€1,515 | -2.9% |
| Trade receivables | 40 | €11,178 | - | -€11,178 | |
| Other amounts receivable | 41 | €40,925 | €50,587 | +€9,663 | +23.6% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,405 | €10 | -€8,395 | -99.9% |
| Total equity and liabilities | 10/49 | €78,437 | €88,498 | +€10,061 | +12.8% |
| Equity | 10/15 | €57,233 | €60,557 | +€3,325 | +5.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,733 | €60,057 | +€3,325 | +5.9% |
| Amounts payable | 17/49 | €21,205 | €27,941 | +€6,736 | +31.8% |
| Amounts payable after more than one year | 17 | - | €5,145 | +€5,145 | |
| Other amounts payable | 178/9 | - | €5,145 | +€5,145 | |
| Amounts payable within one year | 42/48 | €21,205 | €21,874 | +€670 | +3.2% |
| Trade debts | 44 | €1,647 | €4,853 | +€3,206 | +195% |
| Suppliers | 440/4 | €1,647 | €4,853 | +€3,206 | +195% |
| Taxes, remuneration and social security | 45 | €19,418 | €16,882 | -€2,536 | -13.1% |
| Taxes | 450/3 | €19,418 | €16,882 | -€2,536 | -13.1% |
| Other amounts payable | 47/48 | €140 | €140 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €922 | +€922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,314 | €4,003 | +€2,688 | +205% |
| Other operating charges | 640/8 | €558 | €526 | -€32 | -5.8% |
| Gross operating margin | 9900 | €70,531 | €6,659 | -€63,872 | -90.6% |
| Operating profit (loss) | 9901 | €68,658 | €2,130 | -€66,528 | -96.9% |
| Financial income | 75/76B | €2,470 | €2,543 | +€73 | +2.9% |
| Recurring financial income | 75 | €2,470 | €2,543 | +€73 | +2.9% |
| Financial charges | 65/66B | €43 | €245 | +€202 | +469% |
| Recurring financial charges | 65 | €43 | €245 | +€202 | +469% |
| Profit (loss) for the period before taxes | 9903 | €71,086 | €4,429 | -€66,657 | -93.8% |
| Income taxes | 67/77 | €14,353 | €1,104 | -€13,249 | -92.3% |
| Profit (loss) for the period | 9904 | €56,733 | €3,325 | -€53,408 | -94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,733 | €3,325 | -€53,408 | -94.1% |
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 15 October 2026 via checked.be.