Not Standing: 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.
Not Standing
Largest movements
- Receivables within one year -€88,344
down €88,344 (-50.1%), from €176,175 to €87,831
of which Trade receivables: -€95,128
- Cash +€58,805
up €58,805 (+26.1%), from €225,034 to €283,839
- Tangible fixed assets +€34,163
up €34,163 (+134.2%), from €25,448 to €59,611
of which Furniture and vehicles: +€33,722
- Contributions -€110,597
no longer reported in 2025 (was €110,597)
- Accrued charges and deferred income +€56,255
up €56,255, from €0 to €56,255
- Profit (loss) carried forward +€50,532
up €50,532 (+23.1%), from €218,995 to €269,527
- Debts after one year +€22,630
new in 2025: €22,630
- Debts within one year -€11,423
down €11,423 (-10.4%), from €110,338 to €98,915
of which Tax, wage and social debts: -€23,566
- Staff costs +€81,162
up €81,162 (+14.9%), from €545,878 to €627,040
- Taxes -€25,511
down €25,511 (-98.1%), from €26,001 to €490
- Gross operating margin -€16,891
down €16,891 (-2.6%), from €649,768 to €632,877
From the 2023 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.
Cash bridge derived
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,930 | €447,327 | +€7,397 | +1.7% |
| Fixed assets | 21/28 | €25,448 | €59,611 | +€34,163 | +134.2% |
| Tangible fixed assets | 22/27 | €25,448 | €59,611 | +€34,163 | +134.2% |
| Plant, machinery and equipment | 23 | €3,516 | €9,009 | +€5,493 | +156.2% |
| Furniture and vehicles | 24 | €4,763 | €38,485 | +€33,722 | +707.9% |
| Other tangible fixed assets | 26 | €17,169 | €12,117 | -€5,052 | -29.4% |
| Current assets | 29/58 | €414,482 | €387,716 | -€26,766 | -6.5% |
| Amounts receivable within one year | 40/41 | €176,175 | €87,831 | -€88,344 | -50.1% |
| Trade receivables | 40 | €133,737 | €38,609 | -€95,128 | -71.1% |
| Other amounts receivable | 41 | €42,437 | €49,222 | +€6,784 | +16.0% |
| Cash at bank and in hand | 54/58 | €225,034 | €283,839 | +€58,805 | +26.1% |
| Deferred charges and accrued income | 490/1 | €13,273 | €16,047 | +€2,774 | +20.9% |
| Total equity and liabilities | 10/49 | €439,930 | €447,327 | +€7,397 | +1.7% |
| Equity | 10/15 | €329,592 | €269,527 | -€60,065 | -18.2% |
| Contributions | 10/11 | €110,597 | - | -€110,597 | |
| Capital | 10 | €110,597 | - | -€110,597 | |
| Profit (loss) carried forward | 14 | €218,995 | €269,527 | +€50,532 | +23.1% |
| Amounts payable | 17/49 | €110,338 | €177,800 | +€67,462 | +61.1% |
| Amounts payable after more than one year | 17 | - | €22,630 | +€22,630 | |
| Financial debts | 170/4 | - | €22,630 | +€22,630 | |
| Amounts payable within one year | 42/48 | €110,338 | €98,915 | -€11,423 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,342 | +€8,342 | |
| Trade debts | 44 | €21,914 | €26,223 | +€4,309 | +19.7% |
| Suppliers | 440/4 | €21,914 | €26,223 | +€4,309 | +19.7% |
| Taxes, remuneration and social security | 45 | €84,080 | €60,514 | -€23,566 | -28.0% |
| Taxes | 450/3 | €26,573 | €809 | -€25,764 | -97.0% |
| Remuneration and social security | 454/9 | €57,507 | €59,705 | +€2,198 | +3.8% |
| Accrued charges and deferred income | 492/3 | €0 | €56,255 | +€56,255 | |
| Remuneration, social security and pensions | 62 | €545,878 | €627,040 | +€81,162 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,234 | €12,676 | +€6,442 | +103.3% |
| Other operating charges | 640/8 | €3,763 | €1,041 | -€2,722 | -72.3% |
| Gross operating margin | 9900 | €649,768 | €632,877 | -€16,891 | -2.6% |
| Operating profit (loss) | 9901 | €93,892 | -€7,880 | -€101,772 | |
| Financial income | 75/76B | €484 | €1,590 | +€1,106 | +228.4% |
| Recurring financial income | 75 | €484 | €1,590 | +€1,106 | +228.4% |
| Financial charges | 65/66B | €13,813 | €14,878 | +€1,064 | +7.7% |
| Recurring financial charges | 65 | €13,813 | €14,878 | +€1,064 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €80,563 | -€21,168 | -€101,731 | |
| Income taxes | 67/77 | €26,001 | €490 | -€25,511 | -98.1% |
| Profit (loss) for the period | 9904 | €54,562 | -€21,658 | -€76,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,562 | -€21,658 | -€76,220 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.