Online Focus: what changed
Two fiscal 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.
Online Focus
Largest movements
- Receivables within one year +€111,975
up €111,975 (+1276.0%), from €8,776 to €120,751
of which Trade receivables: +€107,848
- Tangible fixed assets +€23,156
up €23,156 (+25.1%), from €92,198 to €115,353
of which Furniture and vehicles: +€24,833
- Cash -€6,967
down €6,967 (-43.5%), from €16,018 to €9,052
mainly Receivables within one year (-€111,975) and Investment in fixed assets (net) (-€34,591)
- Reserves +€78,502
up €78,502 (+118.4%), from €66,279 to €144,782
- Profit (loss) carried forward +€32,766
up €32,766, from -€32,766 to €0
- Tax, wage and social debts +€24,578
up €24,578 (+151.0%), from €16,281 to €40,858
of which Taxes: +€21,537
- Debts after one year -€7,992
down €7,992 (-14.1%), from €56,753 to €48,761
- Other debts -€3,842
down €3,842 (-26.6%), from €14,467 to €10,625
- Gross operating margin +€83,753
up €83,753 (+259.2%), from €32,316 to €116,069
- Financial income +€39,240
up €39,240 (+3923950.0%), from €1 to €39,241
- Taxes +€27,715
up €27,715 (+13212.7%), from €210 to €27,925
- Other operating charges -€12,626
down €12,626 (-98.4%), from €12,828 to €202
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.
Cash bridge derived
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 | €138,172 | €265,252 | +€127,080 | +92.0% |
| Fixed assets | 21/28 | €92,273 | €115,428 | +€23,156 | +25.1% |
| Tangible fixed assets | 22/27 | €92,198 | €115,353 | +€23,156 | +25.1% |
| Plant, machinery and equipment | 23 | €82,887 | €81,210 | -€1,677 | -2.0% |
| Furniture and vehicles | 24 | €9,310 | €34,143 | +€24,833 | +266.7% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €45,899 | €149,824 | +€103,924 | +226.4% |
| Amounts receivable within one year | 40/41 | €8,776 | €120,751 | +€111,975 | +1276.0% |
| Trade receivables | 40 | €7,882 | €115,730 | +€107,848 | +1368.2% |
| Other amounts receivable | 41 | €893 | €5,021 | +€4,127 | +462.0% |
| Current investments | 50/53 | €18,928 | €18,168 | -€760 | -4.0% |
| Cash at bank and in hand | 54/58 | €16,018 | €9,052 | -€6,967 | -43.5% |
| Deferred charges and accrued income | 490/1 | €2,177 | €1,854 | -€324 | -14.9% |
| Total equity and liabilities | 10/49 | €138,172 | €265,252 | +€127,080 | +92.0% |
| Equity | 10/15 | €39,713 | €150,982 | +€111,269 | +280.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,279 | €144,782 | +€78,502 | +118.4% |
| Distributable reserves | 133 | €66,279 | €144,782 | +€78,502 | +118.4% |
| Profit (loss) carried forward | 14 | -€32,766 | €0 | +€32,766 | |
| Amounts payable | 17/49 | €98,459 | €114,270 | +€15,811 | +16.1% |
| Amounts payable after more than one year | 17 | €56,753 | €48,761 | -€7,992 | -14.1% |
| Financial debts | 170/4 | €56,753 | €48,761 | -€7,992 | -14.1% |
| Amounts payable within one year | 42/48 | €41,706 | €64,504 | +€22,798 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | €8,661 | €7,992 | -€669 | -7.7% |
| Financial debts | 43 | €88 | €1,747 | +€1,659 | +1884.6% |
| Credit institutions | 430/8 | €88 | €1,747 | +€1,659 | +1884.6% |
| Trade debts | 44 | €2,209 | €3,282 | +€1,072 | +48.5% |
| Suppliers | 440/4 | €2,209 | €3,282 | +€1,072 | +48.5% |
| Taxes, remuneration and social security | 45 | €16,281 | €40,858 | +€24,578 | +151.0% |
| Taxes | 450/3 | €15,441 | €36,978 | +€21,537 | +139.5% |
| Remuneration and social security | 454/9 | €840 | €3,881 | +€3,041 | +362.0% |
| Other amounts payable | 47/48 | €14,467 | €10,625 | -€3,842 | -26.6% |
| Accrued charges and deferred income | 492/3 | - | €1,006 | +€1,006 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,813 | €11,435 | -€378 | -3.2% |
| Other operating charges | 640/8 | €12,828 | €202 | -€12,626 | -98.4% |
| Gross operating margin | 9900 | €32,316 | €116,069 | +€83,753 | +259.2% |
| Operating profit (loss) | 9901 | €7,675 | €104,432 | +€96,757 | +1260.7% |
| Financial income | 75/76B | €1 | €39,241 | +€39,240 | +3923950.0% |
| Recurring financial income | 75 | €1 | €39,241 | +€39,240 | +3923950.0% |
| Financial charges | 65/66B | €3,771 | €4,479 | +€708 | +18.8% |
| Recurring financial charges | 65 | €3,771 | €4,479 | +€708 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €3,905 | €139,194 | +€135,289 | +3464.9% |
| Income taxes | 67/77 | €210 | €27,925 | +€27,715 | +13212.7% |
| Profit (loss) for the period | 9904 | €3,695 | €111,269 | +€107,574 | +2911.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,695 | €111,269 | +€107,574 | +2911.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.