ON SPEAKING TERMS: 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.
ON SPEAKING TERMS
Largest movements
- Receivables within one year +€13,169
up €13,169 (+234%), from €5,619 to €18,788
of which Trade receivables: +€12,496
- Cash +€8,915
up €8,915 (+18.9%), from €47,075 to €55,990
mainly Net result for the year (+€25,622) and Tax, wage and social debts (+€3,871)
- Current investments +€7,186
new in 2025: €7,186
- Reserves +€25,622
up €25,622 (+80.5%), from €31,848 to €57,470
- Tax, wage and social debts +€3,871
up €3,871 (+16.8%), from €23,041 to €26,911
of which Taxes: +€3,858
- Accrued charges and deferred income -€1,746
no longer reported in 2025 (was €1,746)
- Other debts +€1,095
up €1,095 (+3,747%), from €29 to €1,124
- Gross operating margin -€8,566
down €8,566 (-17.7%), from €48,469 to €39,902
- Taxes -€1,737
down €1,737 (-13.6%), from €12,804 to €11,068
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 | €60,435 | €89,825 | +€29,390 | +48.6% |
| Fixed assets | 21/28 | €7,741 | €7,861 | +€120 | +1.6% |
| Intangible fixed assets | 21 | €193 | €0 | -€193 | -100% |
| Tangible fixed assets | 22/27 | €7,549 | €7,861 | +€313 | +4.1% |
| Furniture and vehicles | 24 | €7,549 | €5,793 | -€1,756 | -23.3% |
| Leasing and similar rights | 25 | - | €2,069 | +€2,069 | |
| Current assets | 29/58 | €52,694 | €81,964 | +€29,270 | +55.5% |
| Amounts receivable within one year | 40/41 | €5,619 | €18,788 | +€13,169 | +234% |
| Trade receivables | 40 | €4,060 | €16,556 | +€12,496 | +308% |
| Other amounts receivable | 41 | €1,559 | €2,232 | +€673 | +43.2% |
| Current investments | 50/53 | - | €7,186 | +€7,186 | |
| Cash at bank and in hand | 54/58 | €47,075 | €55,990 | +€8,915 | +18.9% |
| Total equity and liabilities | 10/49 | €60,435 | €89,825 | +€29,390 | +48.6% |
| Equity | 10/15 | €34,848 | €60,470 | +€25,622 | +73.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,848 | €57,470 | +€25,622 | +80.5% |
| Distributable reserves | 133 | €31,848 | €57,470 | +€25,622 | +80.5% |
| Amounts payable | 17/49 | €25,587 | €29,355 | +€3,768 | +14.7% |
| Amounts payable within one year | 42/48 | €23,840 | €29,355 | +€5,514 | +23.1% |
| Trade debts | 44 | €770 | €1,319 | +€549 | +71.3% |
| Suppliers | 440/4 | €770 | €1,319 | +€549 | +71.3% |
| Taxes, remuneration and social security | 45 | €23,041 | €26,911 | +€3,871 | +16.8% |
| Taxes | 450/3 | €20,767 | €24,624 | +€3,858 | +18.6% |
| Remuneration and social security | 454/9 | €2,274 | €2,287 | +€13 | +0.6% |
| Other amounts payable | 47/48 | €29 | €1,124 | +€1,095 | +3,747% |
| Accrued charges and deferred income | 492/3 | €1,746 | - | -€1,746 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,517 | €2,048 | -€468 | -18.6% |
| Other operating charges | 640/8 | €1,288 | €1,135 | -€153 | -11.8% |
| Gross operating margin | 9900 | €48,469 | €39,902 | -€8,566 | -17.7% |
| Operating profit (loss) | 9901 | €44,665 | €36,719 | -€7,945 | -17.8% |
| Financial income | 75/76B | €21 | €63 | +€42 | +197% |
| Recurring financial income | 75 | €21 | €63 | +€42 | +197% |
| Financial charges | 65/66B | €33 | €92 | +€59 | +178% |
| Recurring financial charges | 65 | €33 | €92 | +€59 | +178% |
| Profit (loss) for the period before taxes | 9903 | €44,653 | €36,690 | -€7,963 | -17.8% |
| Income taxes | 67/77 | €12,804 | €11,068 | -€1,737 | -13.6% |
| Profit (loss) for the period | 9904 | €31,848 | €25,622 | -€6,226 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,848 | €25,622 | -€6,226 | -19.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.