ONBEWANDELD PAD: what changed
ONBEWANDELD PAD
Largest movements
- Cash +€12,642
up €12,642 (+34.7%), from €36,472 to €49,114
mainly Depreciation (+€5,767) and Net result for the year (+€4,050)
- Tangible fixed assets -€5,767
down €5,767 (-46.8%), from €12,313 to €6,546
- Reserves +€4,050
up €4,050 (+32.9%), from €12,323 to €16,372
- Other debts +€1,607
up €1,607 (+8.6%), from €18,616 to €20,223
- Tax, wage and social debts +€1,553
up €1,553 (+10.1%), from €15,402 to €16,955
of which Remuneration and social security: +€3,300
- Trade debts -€669
down €669 (-85.9%), from €779 to €110
- Gross operating margin -€8,683
down €8,683 (-37.1%), from €23,387 to €14,704
- Taxes -€1,854
down €1,854 (-58.9%), from €3,148 to €1,295
- Depreciation +€780
up €780 (+15.6%), from €4,987 to €5,767
- Other operating charges +€444
up €444 (+24.6%), from €1,808 to €2,252
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,119 | €55,660 | +€6,541 | +13.3% |
| Fixed assets | 21/28 | €12,313 | €6,546 | -€5,767 | -46.8% |
| Tangible fixed assets | 22/27 | €12,313 | €6,546 | -€5,767 | -46.8% |
| Furniture and vehicles | 24 | €12,313 | €6,546 | -€5,767 | -46.8% |
| Current assets | 29/58 | €36,806 | €49,114 | +€12,307 | +33.4% |
| Amounts receivable within one year | 40/41 | €334 | - | -€334 | |
| Trade receivables | 40 | €334 | - | -€334 | |
| Cash at bank and in hand | 54/58 | €36,472 | €49,114 | +€12,642 | +34.7% |
| Total equity and liabilities | 10/49 | €49,119 | €55,660 | +€6,541 | +13.3% |
| Equity | 10/15 | €14,323 | €18,372 | +€4,050 | +28.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,323 | €16,372 | +€4,050 | +32.9% |
| Distributable reserves | 133 | €12,323 | €16,372 | +€4,050 | +32.9% |
| Amounts payable | 17/49 | €34,797 | €37,288 | +€2,491 | +7.2% |
| Amounts payable within one year | 42/48 | €34,797 | €37,288 | +€2,491 | +7.2% |
| Trade debts | 44 | €779 | €110 | -€669 | -85.9% |
| Suppliers | 440/4 | €779 | €110 | -€669 | -85.9% |
| Taxes, remuneration and social security | 45 | €15,402 | €16,955 | +€1,553 | +10.1% |
| Taxes | 450/3 | €5,910 | €4,163 | -€1,747 | -29.6% |
| Remuneration and social security | 454/9 | €9,492 | €12,792 | +€3,300 | +34.8% |
| Other amounts payable | 47/48 | €18,616 | €20,223 | +€1,607 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,987 | €5,767 | +€780 | +15.6% |
| Other operating charges | 640/8 | €1,808 | €2,252 | +€444 | +24.6% |
| Gross operating margin | 9900 | €23,387 | €14,704 | -€8,683 | -37.1% |
| Operating profit (loss) | 9901 | €16,592 | €6,685 | -€9,907 | -59.7% |
| Financial income | 75/76B | €34 | - | -€34 | |
| Recurring financial income | 75 | €34 | - | -€34 | |
| Financial charges | 65/66B | €1,155 | €1,341 | +€186 | +16.1% |
| Recurring financial charges | 65 | €1,155 | €1,341 | +€186 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €15,471 | €5,344 | -€10,127 | -65.5% |
| Income taxes | 67/77 | €3,148 | €1,295 | -€1,854 | -58.9% |
| Profit (loss) for the period | 9904 | €12,323 | €4,050 | -€8,273 | -67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,323 | €4,050 | -€8,273 | -67.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.