Nothing: 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.
Nothing
Largest movements
- Current investments +€90,180
new in 2025: €90,180
- Cash -€45,430
down €45,430 (-34.9%), from €130,211 to €84,781
mainly Current investments (-€90,180) and Tax, wage and social debts (-€1,009)
- Tangible fixed assets -€10,934
down €10,934 (-84.4%), from €12,960 to €2,026
of which Furniture and vehicles: -€8,812
- Reserves +€34,711
up €34,711 (+25.5%), from €136,197 to €170,909
- Gross operating margin +€6,035
up €6,035 (+10.8%), from €55,824 to €61,859
- Taxes +€2,506
up €2,506 (+20.0%), from €12,524 to €15,030
- Financial income -€801
no longer reported in 2025 (was €801)
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 | €154,221 | €188,946 | +€34,725 | +22.5% |
| Fixed assets | 21/28 | €12,960 | €2,026 | -€10,934 | -84.4% |
| Tangible fixed assets | 22/27 | €12,960 | €2,026 | -€10,934 | -84.4% |
| Plant, machinery and equipment | 23 | €4,148 | €2,026 | -€2,122 | -51.2% |
| Furniture and vehicles | 24 | €8,812 | - | -€8,812 | |
| Current assets | 29/58 | €141,261 | €186,921 | +€45,660 | +32.3% |
| Amounts receivable within one year | 40/41 | €8,897 | €9,496 | +€599 | +6.7% |
| Trade receivables | 40 | €1,897 | €2,496 | +€599 | +31.6% |
| Other amounts receivable | 41 | €7,000 | €7,000 | = | 0.0% |
| Current investments | 50/53 | - | €90,180 | +€90,180 | |
| Cash at bank and in hand | 54/58 | €130,211 | €84,781 | -€45,430 | -34.9% |
| Deferred charges and accrued income | 490/1 | €2,153 | €2,463 | +€310 | +14.4% |
| Total equity and liabilities | 10/49 | €154,221 | €188,946 | +€34,725 | +22.5% |
| Equity | 10/15 | €136,297 | €171,009 | +€34,711 | +25.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €136,197 | €170,909 | +€34,711 | +25.5% |
| Distributable reserves | 133 | €136,197 | €170,909 | +€34,711 | +25.5% |
| Amounts payable | 17/49 | €17,924 | €17,938 | +€14 | +0.1% |
| Amounts payable within one year | 42/48 | €16,674 | €16,688 | +€14 | +0.1% |
| Trade debts | 44 | €2,341 | €3,244 | +€902 | +38.5% |
| Suppliers | 440/4 | €2,341 | €3,244 | +€902 | +38.5% |
| Taxes, remuneration and social security | 45 | €13,826 | €12,816 | -€1,009 | -7.3% |
| Taxes | 450/3 | €8,936 | €9,928 | +€992 | +11.1% |
| Remuneration and social security | 454/9 | €4,890 | €2,888 | -€2,001 | -40.9% |
| Other amounts payable | 47/48 | €507 | €628 | +€121 | +23.8% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,250 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,421 | €10,934 | +€514 | +4.9% |
| Other operating charges | 640/8 | €558 | €1,107 | +€548 | +98.2% |
| Gross operating margin | 9900 | €55,824 | €61,859 | +€6,035 | +10.8% |
| Operating profit (loss) | 9901 | €44,845 | €49,817 | +€4,972 | +11.1% |
| Financial income | 75/76B | €801 | - | -€801 | |
| Recurring financial income | 75 | €801 | - | -€801 | |
| Financial charges | 65/66B | €76 | €76 | -€0 | -0.6% |
| Recurring financial charges | 65 | €76 | €76 | -€0 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €45,570 | €49,742 | +€4,172 | +9.2% |
| Income taxes | 67/77 | €12,524 | €15,030 | +€2,506 | +20.0% |
| Profit (loss) for the period | 9904 | €33,046 | €34,711 | +€1,665 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,046 | €34,711 | +€1,665 | +5.0% |
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 22 October 2026 via checked.be.