ONE MILLION DOLLARS: 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.
ONE MILLION DOLLARS
Largest movements
- Cash -€9,803
down €9,803 (-6.3%), from €155,115 to €145,312
mainly Other debts (-€100,001) and Investment in fixed assets (net) (-€9,599)
- Tangible fixed assets +€7,925
new in 2025: €7,925
- Receivables within one year -€2,887
down €2,887 (-2.5%), from €116,765 to €113,878
of which Trade receivables: -€4,956
- Other debts -€100,001
down €100,001 (-38.5%), from €259,871 to €159,870
- Profit (loss) carried forward +€82,953
up €82,953 (+24.6%), from -€337,121 to -€254,168
- Tax, wage and social debts +€12,371
new in 2025: €12,371
- Gross operating margin +€24,184
up €24,184 (+39.7%), from €60,960 to €85,144
- Depreciation +€1,674
new in 2025: €1,674
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 | €284,327 | €279,563 | -€4,764 | -1.7% |
| Fixed assets | 21/28 | €200 | €8,125 | +€7,925 | +3,963% |
| Tangible fixed assets | 22/27 | - | €7,925 | +€7,925 | |
| Furniture and vehicles | 24 | - | €7,925 | +€7,925 | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €284,127 | €271,438 | -€12,689 | -4.5% |
| Amounts receivable within one year | 40/41 | €116,765 | €113,878 | -€2,887 | -2.5% |
| Trade receivables | 40 | €116,159 | €111,203 | -€4,956 | -4.3% |
| Other amounts receivable | 41 | €606 | €2,675 | +€2,069 | +341% |
| Current investments | 50/53 | €12,247 | €12,248 | +€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €155,115 | €145,312 | -€9,803 | -6.3% |
| Total equity and liabilities | 10/49 | €284,327 | €279,563 | -€4,764 | -1.7% |
| Equity | 10/15 | -€315,121 | -€232,168 | +€82,953 | +26.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€337,121 | -€254,168 | +€82,953 | +24.6% |
| Amounts payable | 17/49 | €599,448 | €511,731 | -€87,717 | -14.6% |
| Amounts payable within one year | 42/48 | €599,448 | €511,247 | -€88,201 | -14.7% |
| Financial debts | 43 | €64 | - | -€64 | |
| Credit institutions | 430/8 | €64 | - | -€64 | |
| Trade debts | 44 | €339,513 | €339,006 | -€507 | -0.1% |
| Suppliers | 440/4 | €339,513 | €339,006 | -€507 | -0.1% |
| Taxes, remuneration and social security | 45 | - | €12,371 | +€12,371 | |
| Taxes | 450/3 | - | €12,371 | +€12,371 | |
| Other amounts payable | 47/48 | €259,871 | €159,870 | -€100,001 | -38.5% |
| Accrued charges and deferred income | 492/3 | - | €484 | +€484 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,674 | +€1,674 | |
| Gross operating margin | 9900 | €60,960 | €85,144 | +€24,184 | +39.7% |
| Operating profit (loss) | 9901 | €60,960 | €83,470 | +€22,510 | +36.9% |
| Financial income | 75/76B | €22 | - | -€22 | |
| Recurring financial income | 75 | €22 | - | -€22 | |
| Financial charges | 65/66B | €863 | €239 | -€624 | -72.3% |
| Recurring financial charges | 65 | €863 | €239 | -€624 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €60,119 | €83,231 | +€23,112 | +38.4% |
| Income taxes | 67/77 | €982 | €278 | -€704 | -71.7% |
| Profit (loss) for the period | 9904 | €59,137 | €82,953 | +€23,816 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,137 | €82,953 | +€23,816 | +40.3% |
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 27 October 2026 via checked.be.