NUMBERS MATTER: 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.
NUMBERS MATTER
Largest movements
- Cash +€95,119
up €95,119 (+1729.3%), from €5,501 to €100,620
mainly Net result for the year (+€41,492) and Tax, wage and social debts (+€16,380)
- Current investments -€14,508
down €14,508 (-41.3%), from €35,150 to €20,642
- Tangible fixed assets -€11,852
down €11,852 (-51.1%), from €23,205 to €11,352
- Receivables within one year -€2,921
down €2,921 (-14.2%), from €20,618 to €17,698
of which Trade receivables: -€2,850
- Reserves +€41,492
up €41,492 (+41.3%), from €100,406 to €141,898
- Tax, wage and social debts +€16,380
up €16,380 (+47.5%), from €34,508 to €50,889
- Other debts +€10,222
up €10,222 (+24.5%), from €41,778 to €52,000
- Gross operating margin -€11,555
down €11,555 (-14.5%), from €79,519 to €67,964
- Depreciation +€11,005
up €11,005 (+1298.8%), from €847 to €11,852
- Taxes -€5,281
down €5,281 (-26.4%), from €20,018 to €14,737
- Financial income +€4,092
up €4,092 (+277.3%), from €1,476 to €5,568
- Other operating charges +€1,294
up €1,294 (+230.7%), from €561 to €1,854
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 | €184,500 | €250,444 | +€65,945 | +35.7% |
| Fixed assets | 21/28 | €123,205 | €111,352 | -€11,852 | -9.6% |
| Tangible fixed assets | 22/27 | €23,205 | €11,352 | -€11,852 | -51.1% |
| Furniture and vehicles | 24 | €23,205 | €11,352 | -€11,852 | -51.1% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €61,295 | €139,092 | +€77,797 | +126.9% |
| Amounts receivable within one year | 40/41 | €20,618 | €17,698 | -€2,921 | -14.2% |
| Trade receivables | 40 | €20,490 | €17,639 | -€2,850 | -13.9% |
| Other amounts receivable | 41 | €129 | €58 | -€70 | -54.8% |
| Current investments | 50/53 | €35,150 | €20,642 | -€14,508 | -41.3% |
| Cash at bank and in hand | 54/58 | €5,501 | €100,620 | +€95,119 | +1729.3% |
| Deferred charges and accrued income | 490/1 | €26 | €133 | +€106 | +403.1% |
| Total equity and liabilities | 10/49 | €184,500 | €250,444 | +€65,945 | +35.7% |
| Equity | 10/15 | €105,406 | €146,898 | +€41,492 | +39.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,406 | €141,898 | +€41,492 | +41.3% |
| Distributable reserves | 133 | €100,406 | €141,898 | +€41,492 | +41.3% |
| Amounts payable | 17/49 | €79,094 | €103,546 | +€24,452 | +30.9% |
| Amounts payable within one year | 42/48 | €79,094 | €103,546 | +€24,452 | +30.9% |
| Trade debts | 44 | €2,808 | €658 | -€2,150 | -76.6% |
| Suppliers | 440/4 | €2,808 | €658 | -€2,150 | -76.6% |
| Taxes, remuneration and social security | 45 | €34,508 | €50,889 | +€16,380 | +47.5% |
| Taxes | 450/3 | €34,508 | €50,889 | +€16,380 | +47.5% |
| Other amounts payable | 47/48 | €41,778 | €52,000 | +€10,222 | +24.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €847 | €11,852 | +€11,005 | +1298.8% |
| Other operating charges | 640/8 | €561 | €1,854 | +€1,294 | +230.7% |
| Gross operating margin | 9900 | €79,519 | €67,964 | -€11,555 | -14.5% |
| Operating profit (loss) | 9901 | €78,111 | €54,257 | -€23,854 | -30.5% |
| Financial income | 75/76B | €1,476 | €5,568 | +€4,092 | +277.3% |
| Recurring financial income | 75 | €1,476 | €5,568 | +€4,092 | +277.3% |
| Financial charges | 65/66B | €2,860 | €3,596 | +€736 | +25.7% |
| Recurring financial charges | 65 | €2,860 | €3,596 | +€736 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €76,726 | €56,229 | -€20,498 | -26.7% |
| Income taxes | 67/77 | €20,018 | €14,737 | -€5,281 | -26.4% |
| Profit (loss) for the period | 9904 | €56,708 | €41,492 | -€15,216 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,708 | €41,492 | -€15,216 | -26.8% |
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 1 October 2026 via checked.be.