On Target!: 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 Target!
Largest movements
- Receivables within one year +€1,829
up €1,829 (+5.6%), from €32,600 to €34,429
of which Trade receivables: +€1,406
- Deferred charges and accrued income +€1,203
new in 2025: €1,203
- Other debts +€10,000
new in 2025: €10,000
- Tax, wage and social debts -€8,108
down €8,108 (-28.4%), from €28,559 to €20,451
- Gross operating margin -€20,621
down €20,621 (-48.9%), from €42,165 to €21,544
- Taxes -€3,268
down €3,268 (-40.4%), from €8,098 to €4,830
- Depreciation +€2,111
up €2,111 (+95.9%), from €2,202 to €4,313
- Financial charges +€776
up €776 (+69.9%), from €1,112 to €1,888
- Financial income +€499
up €499 (+79.2%), from €630 to €1,128
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 | €104,782 | €108,266 | +€3,484 | +3.3% |
| Fixed assets | 21/28 | €22,117 | €21,612 | -€505 | -2.3% |
| Tangible fixed assets | 22/27 | €22,117 | €21,612 | -€505 | -2.3% |
| Plant, machinery and equipment | 23 | €1,607 | €2,992 | +€1,385 | +86.2% |
| Furniture and vehicles | 24 | - | €600 | +€600 | |
| Other tangible fixed assets | 26 | €20,510 | €18,020 | -€2,490 | -12.1% |
| Current assets | 29/58 | €82,665 | €86,655 | +€3,990 | +4.8% |
| Amounts receivable within one year | 40/41 | €32,600 | €34,429 | +€1,829 | +5.6% |
| Trade receivables | 40 | €12,570 | €13,976 | +€1,406 | +11.2% |
| Other amounts receivable | 41 | €20,031 | €20,453 | +€423 | +2.1% |
| Cash at bank and in hand | 54/58 | €50,065 | €51,023 | +€958 | +1.9% |
| Deferred charges and accrued income | 490/1 | - | €1,203 | +€1,203 | |
| Total equity and liabilities | 10/49 | €104,782 | €108,266 | +€3,484 | +3.3% |
| Equity | 10/15 | €74,513 | €75,400 | +€886 | +1.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,013 | €72,900 | +€886 | +1.2% |
| Amounts payable | 17/49 | €30,269 | €32,867 | +€2,598 | +8.6% |
| Amounts payable within one year | 42/48 | €30,269 | €32,867 | +€2,598 | +8.6% |
| Trade debts | 44 | €1,710 | €2,416 | +€706 | +41.3% |
| Suppliers | 440/4 | €1,710 | €2,416 | +€706 | +41.3% |
| Taxes, remuneration and social security | 45 | €28,559 | €20,451 | -€8,108 | -28.4% |
| Taxes | 450/3 | €28,559 | €20,451 | -€8,108 | -28.4% |
| Other amounts payable | 47/48 | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,202 | €4,313 | +€2,111 | +95.9% |
| Other operating charges | 640/8 | €312 | €756 | +€444 | +143% |
| Gross operating margin | 9900 | €42,165 | €21,544 | -€20,621 | -48.9% |
| Operating profit (loss) | 9901 | €39,652 | €16,476 | -€23,176 | -58.4% |
| Financial income | 75/76B | €630 | €1,128 | +€499 | +79.2% |
| Recurring financial income | 75 | €630 | €1,128 | +€499 | +79.2% |
| Financial charges | 65/66B | €1,112 | €1,888 | +€776 | +69.9% |
| Recurring financial charges | 65 | €1,112 | €1,888 | +€776 | +69.9% |
| Profit (loss) for the period before taxes | 9903 | €39,170 | €15,716 | -€23,454 | -59.9% |
| Income taxes | 67/77 | €8,098 | €4,830 | -€3,268 | -40.4% |
| Profit (loss) for the period | 9904 | €31,072 | €10,886 | -€20,186 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,072 | €10,886 | -€20,186 | -65.0% |
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 15 October 2026 via checked.be.