Notify: what changed
Two fiscal 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.
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Largest movements
- Cash +€17,943
up €17,943 (+60.0%), from €29,885 to €47,828
mainly Net result for the year (+€49,402) and Depreciation (+€15,518)
- Intangible fixed assets -€14,221
down €14,221 (-67.8%), from €20,960 to €6,739
- Receivables within one year +€3,741
up €3,741 (+12.4%), from €30,214 to €33,955
of which Trade receivables: +€3,724
- Tangible fixed assets +€1,330
up €1,330 (+70.2%), from €1,895 to €3,225
- Profit (loss) carried forward +€49,402
up €49,402 (+38.0%), from -€129,948 to -€80,546
- Other debts -€37,942
down €37,942 (-60.8%), from €62,456 to €24,514
- Investment grants -€4,028
down €4,028 (-100.0%), from €4,028 to €0
- Trade debts +€3,550
up €3,550 (+122.0%), from €2,910 to €6,459
- Tax, wage and social debts -€1,260
down €1,260 (-13.8%), from €9,138 to €7,878
of which Taxes: -€3,260
- Depreciation -€41,806
down €41,806 (-72.9%), from €57,324 to €15,518
- Financial income -€19,183
down €19,183 (-82.6%), from €23,232 to €4,050
- Gross operating margin +€11,591
up €11,591 (+23.2%), from €50,029 to €61,620
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.
Cash bridge derived
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 | €83,509 | €93,230 | +€9,722 | +11.6% |
| Fixed assets | 21/28 | €22,855 | €9,964 | -€12,891 | -56.4% |
| Intangible fixed assets | 21 | €20,960 | €6,739 | -€14,221 | -67.8% |
| Tangible fixed assets | 22/27 | €1,895 | €3,225 | +€1,330 | +70.2% |
| Plant, machinery and equipment | 23 | €1,895 | €3,225 | +€1,330 | +70.2% |
| Current assets | 29/58 | €60,654 | €83,266 | +€22,612 | +37.3% |
| Amounts receivable within one year | 40/41 | €30,214 | €33,955 | +€3,741 | +12.4% |
| Trade receivables | 40 | €30,214 | €33,938 | +€3,724 | +12.3% |
| Other amounts receivable | 41 | €0 | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €29,885 | €47,828 | +€17,943 | +60.0% |
| Deferred charges and accrued income | 490/1 | €555 | €1,484 | +€929 | +167.2% |
| Total equity and liabilities | 10/49 | €83,509 | €93,230 | +€9,722 | +11.6% |
| Equity | 10/15 | -€107,321 | -€61,946 | +€45,374 | +42.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€129,948 | -€80,546 | +€49,402 | +38.0% |
| Investment grants | 15 | €4,028 | €0 | -€4,028 | -100.0% |
| Amounts payable | 17/49 | €190,829 | €155,177 | -€35,653 | -18.7% |
| Amounts payable after more than one year | 17 | €116,325 | €116,325 | = | 0.0% |
| Financial debts | 170/4 | €116,325 | €116,325 | = | 0.0% |
| Amounts payable within one year | 42/48 | €74,504 | €38,851 | -€35,653 | -47.9% |
| Trade debts | 44 | €2,910 | €6,459 | +€3,550 | +122.0% |
| Suppliers | 440/4 | €2,910 | €6,459 | +€3,550 | +122.0% |
| Taxes, remuneration and social security | 45 | €9,138 | €7,878 | -€1,260 | -13.8% |
| Taxes | 450/3 | €9,138 | €5,878 | -€3,260 | -35.7% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €62,456 | €24,514 | -€37,942 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,324 | €15,518 | -€41,806 | -72.9% |
| Other operating charges | 640/8 | €546 | €400 | -€147 | -26.8% |
| Gross operating margin | 9900 | €50,029 | €61,620 | +€11,591 | +23.2% |
| Operating profit (loss) | 9901 | -€7,841 | €45,703 | +€53,544 | |
| Financial income | 75/76B | €23,232 | €4,050 | -€19,183 | -82.6% |
| Recurring financial income | 75 | €23,232 | €4,050 | -€19,183 | -82.6% |
| Financial charges | 65/66B | €77 | €205 | +€128 | +165.6% |
| Recurring financial charges | 65 | €77 | €205 | +€128 | +165.6% |
| Profit (loss) for the period before taxes | 9903 | €15,314 | €49,548 | +€34,234 | +223.5% |
| Income taxes | 67/77 | €78 | €146 | +€68 | +86.5% |
| Profit (loss) for the period | 9904 | €15,236 | €49,402 | +€34,166 | +224.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,236 | €49,402 | +€34,166 | +224.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.