NUMERICAL: 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.
NUMERICAL
Largest movements
- Cash -€28,129
down €28,129 (-26.9%), from €104,710 to €76,581
mainly Contributions, distributions and other (-€86,700) and Other debts (-€27,900)
- Deferred charges and accrued income +€1,531
up €1,531 (+277.6%), from €551 to €2,082
- Other debts -€27,900
down €27,900 (-24.3%), from €114,600 to €86,700
- Trade debts +€1,834
new in 2025: €1,834
- Gross operating margin +€10,685
up €10,685 (+10.6%), from €100,730 to €111,415
- Taxes +€2,756
up €2,756 (+13.3%), from €20,677 to €23,433
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 | €125,209 | €100,107 | -€25,102 | -20.0% |
| Fixed assets | 21/28 | €692 | €1,567 | +€875 | +126.5% |
| Tangible fixed assets | 22/27 | €692 | €1,567 | +€875 | +126.5% |
| Furniture and vehicles | 24 | €692 | €1,567 | +€875 | +126.5% |
| Current assets | 29/58 | €124,517 | €98,540 | -€25,977 | -20.9% |
| Amounts receivable within one year | 40/41 | €19,256 | €19,877 | +€621 | +3.2% |
| Trade receivables | 40 | €14,933 | €18,310 | +€3,377 | +22.6% |
| Other amounts receivable | 41 | €4,323 | €1,567 | -€2,756 | -63.7% |
| Cash at bank and in hand | 54/58 | €104,710 | €76,581 | -€28,129 | -26.9% |
| Deferred charges and accrued income | 490/1 | €551 | €2,082 | +€1,531 | +277.6% |
| Total equity and liabilities | 10/49 | €125,209 | €100,107 | -€25,102 | -20.0% |
| Equity | 10/15 | €2,769 | €2,520 | -€249 | -9.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €269 | €20 | -€249 | -92.7% |
| Amounts payable | 17/49 | €122,440 | €97,588 | -€24,853 | -20.3% |
| Amounts payable within one year | 42/48 | €122,440 | €97,588 | -€24,853 | -20.3% |
| Trade debts | 44 | - | €1,834 | +€1,834 | |
| Suppliers | 440/4 | - | €1,834 | +€1,834 | |
| Taxes, remuneration and social security | 45 | €7,840 | €9,053 | +€1,213 | +15.5% |
| Taxes | 450/3 | €7,840 | €9,053 | +€1,213 | +15.5% |
| Other amounts payable | 47/48 | €114,600 | €86,700 | -€27,900 | -24.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €640 | -€372 | -36.7% |
| Other operating charges | 640/8 | €727 | €751 | +€24 | +3.3% |
| Gross operating margin | 9900 | €100,730 | €111,415 | +€10,685 | +10.6% |
| Operating profit (loss) | 9901 | €98,991 | €110,023 | +€11,033 | +11.1% |
| Financial charges | 65/66B | €140 | €140 | -€0 | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €98,851 | €109,883 | +€11,033 | +11.2% |
| Income taxes | 67/77 | €20,677 | €23,433 | +€2,756 | +13.3% |
| Profit (loss) for the period | 9904 | €78,174 | €86,451 | +€8,277 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,174 | €86,451 | +€8,277 | +10.6% |
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 29 September 2026 via checked.be.