NoWordsNeeded: 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.
NoWordsNeeded
Largest movements
- Cash +€50,027
up €50,027 (+89.4%), from €55,968 to €105,996
mainly Net result for the year (+€38,137) and Tax, wage and social debts (+€19,357)
- Receivables within one year +€6,094
up €6,094 (+37.2%), from €16,376 to €22,470
of which Trade receivables: +€3,454
- Reserves +€38,137
up €38,137 (+87.7%), from €43,471 to €81,608
- Tax, wage and social debts +€19,357
up €19,357 (+85.1%), from €22,749 to €42,106
of which Taxes: +€19,410
- Trade debts -€1,599
down €1,599 (-76.9%), from €2,078 to €480
- Gross operating margin -€4,154
down €4,154 (-6.9%), from €60,459 to €56,304
- Taxes +€1,468
up €1,468 (+9.0%), from €16,330 to €17,797
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 | €73,299 | €129,194 | +€55,895 | +76.3% |
| Fixed assets | 21/28 | €954 | €728 | -€226 | -23.7% |
| Tangible fixed assets | 22/27 | €954 | €728 | -€226 | -23.7% |
| Furniture and vehicles | 24 | €954 | €728 | -€226 | -23.7% |
| Current assets | 29/58 | €72,345 | €128,466 | +€56,121 | +77.6% |
| Amounts receivable within one year | 40/41 | €16,376 | €22,470 | +€6,094 | +37.2% |
| Trade receivables | 40 | €10,450 | €13,904 | +€3,454 | +33.0% |
| Other amounts receivable | 41 | €5,926 | €8,566 | +€2,640 | +44.6% |
| Cash at bank and in hand | 54/58 | €55,968 | €105,996 | +€50,027 | +89.4% |
| Total equity and liabilities | 10/49 | €73,299 | €129,194 | +€55,895 | +76.3% |
| Equity | 10/15 | €48,471 | €86,608 | +€38,137 | +78.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,471 | €81,608 | +€38,137 | +87.7% |
| Distributable reserves | 133 | €43,471 | €81,608 | +€38,137 | +87.7% |
| Amounts payable | 17/49 | €24,827 | €42,586 | +€17,758 | +71.5% |
| Amounts payable within one year | 42/48 | €24,827 | €42,586 | +€17,758 | +71.5% |
| Trade debts | 44 | €2,078 | €480 | -€1,599 | -76.9% |
| Suppliers | 440/4 | €2,078 | €480 | -€1,599 | -76.9% |
| Taxes, remuneration and social security | 45 | €22,749 | €42,106 | +€19,357 | +85.1% |
| Taxes | 450/3 | €20,535 | €39,945 | +€19,410 | +94.5% |
| Remuneration and social security | 454/9 | €2,215 | €2,161 | -€53 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €226 | +€50 | +28.4% |
| Other operating charges | 640/8 | €558 | €465 | -€92 | -16.6% |
| Gross operating margin | 9900 | €60,459 | €56,304 | -€4,154 | -6.9% |
| Operating profit (loss) | 9901 | €59,725 | €55,613 | -€4,112 | -6.9% |
| Financial income | 75/76B | €180 | €383 | +€203 | +113.0% |
| Recurring financial income | 75 | €180 | €383 | +€203 | +113.0% |
| Financial charges | 65/66B | €104 | €62 | -€42 | -40.5% |
| Recurring financial charges | 65 | €104 | €62 | -€42 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €59,801 | €55,934 | -€3,866 | -6.5% |
| Income taxes | 67/77 | €16,330 | €17,797 | +€1,468 | +9.0% |
| Profit (loss) for the period | 9904 | €43,471 | €38,137 | -€5,334 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €43,471 | €38,137 | -€5,334 | -12.3% |
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 3 October 2026 via checked.be.