OLIVIER ANDRÉ: 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.
OLIVIER ANDRÉ
Largest movements
- Receivables within one year +€26,764
up €26,764 (+161.7%), from €16,555 to €43,319
of which Trade receivables: +€30,008
- Cash -€13,661
down €13,661 (-87.3%), from €15,655 to €1,994
mainly Receivables within one year (-€26,764) and Contributions, distributions and other (-€20,000)
- Stocks and contracts +€3,500
new in 2025: €3,500
- Trade debts +€36,464
up €36,464 (+674.1%), from €5,409 to €41,873
- Reserves -€20,000
down €20,000 (-42.9%), from €46,668 to €26,668
- Profit (loss) carried forward -€17,848
down €17,848 (-77.4%), from -€23,070 to -€40,918
- Other debts +€12,606
new in 2025: €12,606
- Tax, wage and social debts +€5,329
up €5,329 (+544.0%), from €980 to €6,308
of which Remuneration and social security: +€2,779
- Other operating charges -€491
down €491 (-37.7%), from €1,302 to €811
- Gross operating margin +€472
up €472 (+3.0%), from -€15,759 to -€15,287
- Financial charges -€219
down €219 (-16.8%), from €1,306 to €1,086
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 | €32,987 | €49,536 | +€16,549 | +50.2% |
| Fixed assets | 21/28 | €43 | €43 | = | 0.0% |
| Financial fixed assets | 28 | €43 | €43 | = | 0.0% |
| Current assets | 29/58 | €32,943 | €49,493 | +€16,549 | +50.2% |
| Stocks and contracts in progress | 3 | - | €3,500 | +€3,500 | |
| Stocks | 30/36 | - | €3,500 | +€3,500 | |
| Amounts receivable within one year | 40/41 | €16,555 | €43,319 | +€26,764 | +161.7% |
| Trade receivables | 40 | €11,729 | €41,737 | +€30,008 | +255.8% |
| Other amounts receivable | 41 | €4,826 | €1,582 | -€3,244 | -67.2% |
| Cash at bank and in hand | 54/58 | €15,655 | €1,994 | -€13,661 | -87.3% |
| Deferred charges and accrued income | 490/1 | €734 | €680 | -€54 | -7.3% |
| Total equity and liabilities | 10/49 | €32,987 | €49,536 | +€16,549 | +50.2% |
| Equity | 10/15 | €26,598 | -€11,250 | -€37,848 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,668 | €26,668 | -€20,000 | -42.9% |
| Distributable reserves | 133 | €46,668 | €26,668 | -€20,000 | -42.9% |
| Profit (loss) carried forward | 14 | -€23,070 | -€40,918 | -€17,848 | -77.4% |
| Amounts payable | 17/49 | €6,388 | €60,786 | +€54,398 | +851.5% |
| Amounts payable within one year | 42/48 | €6,388 | €60,786 | +€54,398 | +851.5% |
| Trade debts | 44 | €5,409 | €41,873 | +€36,464 | +674.1% |
| Suppliers | 440/4 | €5,409 | €41,873 | +€36,464 | +674.1% |
| Taxes, remuneration and social security | 45 | €980 | €6,308 | +€5,329 | +544.0% |
| Taxes | 450/3 | €980 | €3,529 | +€2,550 | +260.3% |
| Remuneration and social security | 454/9 | - | €2,779 | +€2,779 | |
| Other amounts payable | 47/48 | - | €12,606 | +€12,606 | |
| Remuneration, social security and pensions | 62 | €228 | €279 | +€51 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38 | - | -€38 | |
| Other operating charges | 640/8 | €1,302 | €811 | -€491 | -37.7% |
| Gross operating margin | 9900 | -€15,759 | -€15,287 | +€472 | +3.0% |
| Operating profit (loss) | 9901 | -€17,327 | -€16,377 | +€950 | +5.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,306 | €1,086 | -€219 | -16.8% |
| Recurring financial charges | 65 | €1,306 | €1,086 | -€219 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,629 | -€17,463 | +€1,166 | +6.3% |
| Income taxes | 67/77 | €398 | €385 | -€13 | -3.3% |
| Profit (loss) for the period | 9904 | -€19,027 | -€17,848 | +€1,179 | +6.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,027 | -€17,848 | +€1,179 | +6.2% |
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.