ONDERTITELD: 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.
ONDERTITELD
Largest movements
- Cash +€6,081
new in 2025: €6,081
mainly Net result for the year (+€7,568) and Receivables within one year (+€1,829)
- Receivables within one year -€1,829
down €1,829 (-5.9%), from €31,135 to €29,306
of which Trade receivables: -€3,046
- Deferred charges and accrued income +€538
new in 2025: €538
- Profit (loss) carried forward +€8,262
up €8,262 (+50.0%), from -€16,514 to -€8,253
- Trade debts -€1,821
down €1,821 (-42.9%), from €4,244 to €2,423
- Short-term financial debts -€967
no longer reported in 2025 (was €967)
- Other debts -€429
no longer reported in 2025 (was €429)
- Gross operating margin -€4,258
down €4,258 (-28.8%), from €14,809 to €10,551
- Taxes -€696
down €696 (-84.6%), from €823 to €127
- Depreciation -€530
no longer reported in 2025 (was €530)
- Other operating charges -€328
down €328 (-10.7%), from €3,075 to €2,747
- Financial charges -€167
down €167 (-60.7%), from €274 to €108
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 | €31,135 | €35,925 | +€4,790 | +15.4% |
| Current assets | 29/58 | €31,135 | €35,925 | +€4,790 | +15.4% |
| Amounts receivable within one year | 40/41 | €31,135 | €29,306 | -€1,829 | -5.9% |
| Trade receivables | 40 | €15,735 | €12,689 | -€3,046 | -19.4% |
| Other amounts receivable | 41 | €15,400 | €16,617 | +€1,217 | +7.9% |
| Cash at bank and in hand | 54/58 | - | €6,081 | +€6,081 | |
| Deferred charges and accrued income | 490/1 | - | €538 | +€538 | |
| Total equity and liabilities | 10/49 | €31,135 | €35,925 | +€4,790 | +15.4% |
| Equity | 10/15 | €16,543 | €24,804 | +€8,262 | +49.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €26,860 | €26,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,514 | -€8,253 | +€8,262 | +50.0% |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €13,092 | €9,621 | -€3,472 | -26.5% |
| Amounts payable within one year | 42/48 | €13,092 | €9,621 | -€3,472 | -26.5% |
| Financial debts | 43 | €967 | - | -€967 | |
| Credit institutions | 430/8 | €967 | - | -€967 | |
| Trade debts | 44 | €4,244 | €2,423 | -€1,821 | -42.9% |
| Suppliers | 440/4 | €4,244 | €2,423 | -€1,821 | -42.9% |
| Taxes, remuneration and social security | 45 | €7,453 | €7,197 | -€255 | -3.4% |
| Taxes | 450/3 | €7,453 | €7,197 | -€255 | -3.4% |
| Other amounts payable | 47/48 | €429 | - | -€429 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €530 | - | -€530 | |
| Other operating charges | 640/8 | €3,075 | €2,747 | -€328 | -10.7% |
| Gross operating margin | 9900 | €14,809 | €10,551 | -€4,258 | -28.8% |
| Operating profit (loss) | 9901 | €11,204 | €7,803 | -€3,400 | -30.3% |
| Financial charges | 65/66B | €274 | €108 | -€167 | -60.7% |
| Recurring financial charges | 65 | €274 | €108 | -€167 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €10,929 | €7,695 | -€3,234 | -29.6% |
| Income taxes | 67/77 | €823 | €127 | -€696 | -84.6% |
| Profit (loss) for the period | 9904 | €10,106 | €7,568 | -€2,538 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,106 | €7,568 | -€2,538 | -25.1% |
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 28 October 2026 via checked.be.