Objctive: 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.
Objctive
Largest movements
- Cash +€32,711
up €32,711 (+41.2%), from €79,348 to €112,059
mainly Net result for the year (+€55,589) and Depreciation (+€763)
- Profit (loss) carried forward +€55,589
up €55,589 (+162%), from €34,388 to €89,977
- Tax, wage and social debts -€15,584
down €15,584 (-82.6%), from €18,878 to €3,294
- Other debts -€6,532
down €6,532 (-100%), from €6,532 to €0
- Gross operating margin +€19,643
up €19,643 (+38.8%), from €50,684 to €70,327
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 | €106,487 | €139,944 | +€33,457 | +31.4% |
| Fixed assets | 21/28 | €658 | €1,723 | +€1,066 | +162% |
| Tangible fixed assets | 22/27 | €658 | €1,723 | +€1,066 | +162% |
| Furniture and vehicles | 24 | €658 | €1,723 | +€1,066 | +162% |
| Current assets | 29/58 | €105,830 | €138,220 | +€32,391 | +30.6% |
| Amounts receivable within one year | 40/41 | €26,481 | €26,158 | -€323 | -1.2% |
| Trade receivables | 40 | €26,481 | €21,689 | -€4,793 | -18.1% |
| Other amounts receivable | 41 | - | €4,469 | +€4,469 | |
| Cash at bank and in hand | 54/58 | €79,348 | €112,059 | +€32,711 | +41.2% |
| Deferred charges and accrued income | 490/1 | - | €3 | +€3 | |
| Total equity and liabilities | 10/49 | €106,487 | €139,944 | +€33,457 | +31.4% |
| Equity | 10/15 | €80,488 | €136,077 | +€55,589 | +69.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €36,100 | €36,100 | = | 0.0% |
| Distributable reserves | 133 | €36,100 | €36,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,388 | €89,977 | +€55,589 | +162% |
| Amounts payable | 17/49 | €25,999 | €3,867 | -€22,133 | -85.1% |
| Amounts payable within one year | 42/48 | €25,999 | €3,867 | -€22,133 | -85.1% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €590 | €563 | -€27 | -4.5% |
| Suppliers | 440/4 | €590 | €563 | -€27 | -4.5% |
| Taxes, remuneration and social security | 45 | €18,878 | €3,294 | -€15,584 | -82.6% |
| Taxes | 450/3 | €18,878 | €3,294 | -€15,584 | -82.6% |
| Other amounts payable | 47/48 | €6,532 | €0 | -€6,532 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €763 | +€311 | +68.7% |
| Other operating charges | 640/8 | - | €141 | +€141 | |
| Gross operating margin | 9900 | €50,684 | €70,327 | +€19,643 | +38.8% |
| Operating profit (loss) | 9901 | €50,232 | €69,424 | +€19,192 | +38.2% |
| Financial income | 75/76B | €5 | €360 | +€356 | +7,597% |
| Recurring financial income | 75 | €5 | €360 | +€356 | +7,597% |
| Financial charges | 65/66B | €71 | €83 | +€12 | +17.7% |
| Recurring financial charges | 65 | €71 | €83 | +€12 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €50,166 | €69,701 | +€19,535 | +38.9% |
| Income taxes | 67/77 | €14,028 | €14,112 | +€84 | +0.6% |
| Profit (loss) for the period | 9904 | €36,138 | €55,589 | +€19,451 | +53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,138 | €55,589 | +€19,451 | +53.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.