ONE STEP AHEAD: 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 STEP AHEAD
Largest movements
- Stocks and contracts +€239,553
new in 2025: €239,553
- Receivables within one year -€28,591
down €28,591 (-53.8%), from €53,153 to €24,563
- Cash +€15,064
up €15,064 (+210%), from €7,173 to €22,237
mainly Debts after one year (+€202,500) and Other debts (+€55,321)
- Debts after one year +€202,500
new in 2025: €202,500
- Other debts +€55,321
up €55,321 (+19,021%), from €291 to €55,612
- Trade debts -€25,043
down €25,043 (-49.2%), from €50,882 to €25,839
- Tax, wage and social debts -€7,952
down €7,952 (-79.8%), from €9,967 to €2,015
- Gross operating margin +€23,296
up €23,296, from -€11,748 to €11,548
- Financial charges +€2,412
up €2,412 (+573%), from €421 to €2,833
- Other operating charges -€1,169
down €1,169 (-57.3%), from €2,041 to €872
- Depreciation +€667
up €667 (+15.0%), from €4,433 to €5,100
- Taxes +€585
up €585 (+3,020%), from €19 to €605
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 | €78,973 | €305,947 | +€226,974 | +287% |
| Fixed assets | 21/28 | €15,869 | €18,428 | +€2,559 | +16.1% |
| Tangible fixed assets | 22/27 | €15,869 | €18,428 | +€2,559 | +16.1% |
| Furniture and vehicles | 24 | €15,869 | €18,428 | +€2,559 | +16.1% |
| Current assets | 29/58 | €63,105 | €287,519 | +€224,414 | +356% |
| Stocks and contracts in progress | 3 | - | €239,553 | +€239,553 | |
| Stocks | 30/36 | - | €239,553 | +€239,553 | |
| Amounts receivable within one year | 40/41 | €53,153 | €24,563 | -€28,591 | -53.8% |
| Trade receivables | 40 | €53,153 | €24,563 | -€28,591 | -53.8% |
| Cash at bank and in hand | 54/58 | €7,173 | €22,237 | +€15,064 | +210% |
| Deferred charges and accrued income | 490/1 | €2,778 | €1,166 | -€1,612 | -58.0% |
| Total equity and liabilities | 10/49 | €78,973 | €305,947 | +€226,974 | +287% |
| Equity | 10/15 | €17,834 | €19,981 | +€2,147 | +12.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,834 | €15,981 | +€2,147 | +15.5% |
| Amounts payable | 17/49 | €61,139 | €285,966 | +€224,826 | +368% |
| Amounts payable after more than one year | 17 | - | €202,500 | +€202,500 | |
| Financial debts | 170/4 | - | €202,500 | +€202,500 | |
| Amounts payable within one year | 42/48 | €61,139 | €83,466 | +€22,326 | +36.5% |
| Trade debts | 44 | €50,882 | €25,839 | -€25,043 | -49.2% |
| Suppliers | 440/4 | €50,882 | €25,839 | -€25,043 | -49.2% |
| Taxes, remuneration and social security | 45 | €9,967 | €2,015 | -€7,952 | -79.8% |
| Taxes | 450/3 | €9,967 | €2,015 | -€7,952 | -79.8% |
| Other amounts payable | 47/48 | €291 | €55,612 | +€55,321 | +19,021% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,433 | €5,100 | +€667 | +15.0% |
| Other operating charges | 640/8 | €2,041 | €872 | -€1,169 | -57.3% |
| Gross operating margin | 9900 | -€11,748 | €11,548 | +€23,296 | |
| Operating profit (loss) | 9901 | -€18,223 | €5,575 | +€23,798 | |
| Financial income | 75/76B | €57 | €9 | -€48 | -84.1% |
| Recurring financial income | 75 | €57 | €9 | -€48 | -84.1% |
| Financial charges | 65/66B | €421 | €2,833 | +€2,412 | +573% |
| Recurring financial charges | 65 | €421 | €2,833 | +€2,412 | +573% |
| Profit (loss) for the period before taxes | 9903 | -€18,587 | €2,752 | +€21,339 | |
| Income taxes | 67/77 | €19 | €605 | +€585 | +3,020% |
| Profit (loss) for the period | 9904 | -€18,606 | €2,147 | +€20,753 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,606 | €2,147 | +€20,753 |
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 16 October 2026 via checked.be.