OPINIONATION: 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.
OPINIONATION
Largest movements
- Receivables within one year +€42,284
up €42,284 (+335588.1%), from €13 to €42,297
of which Trade receivables: +€42,284
- Cash +€24,439
up €24,439 (+620.1%), from €3,941 to €28,380
mainly Net result for the year (+€147,564) and Trade debts (+€38,241)
- Profit (loss) carried forward +€147,564
up €147,564 (+77.5%), from -€190,402 to -€42,838
- Other debts -€122,275
down €122,275 (-15.3%), from €800,682 to €678,407
- Trade debts +€38,241
up €38,241 (+889.6%), from €4,299 to €42,540
- Financial income +€100,000
new in 2025: €100,000
- Gross operating margin +€74,612
up €74,612, from -€25,504 to €49,108
- Other operating charges +€844
up €844 (+217.9%), from €387 to €1,231
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 | €814,579 | €881,301 | +€66,723 | +8.2% |
| Fixed assets | 21/28 | €810,625 | €810,625 | = | 0.0% |
| Financial fixed assets | 28 | €810,625 | €810,625 | = | 0.0% |
| Current assets | 29/58 | €3,954 | €70,676 | +€66,723 | +1687.6% |
| Amounts receivable within one year | 40/41 | €13 | €42,297 | +€42,284 | +335588.1% |
| Trade receivables | 40 | - | €42,284 | +€42,284 | |
| Other amounts receivable | 41 | €13 | €13 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,941 | €28,380 | +€24,439 | +620.1% |
| Total equity and liabilities | 10/49 | €814,579 | €881,301 | +€66,723 | +8.2% |
| Equity | 10/15 | €9,598 | €157,162 | +€147,564 | +1537.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,402 | -€42,838 | +€147,564 | +77.5% |
| Amounts payable | 17/49 | €804,981 | €724,139 | -€80,842 | -10.0% |
| Amounts payable within one year | 42/48 | €804,981 | €723,889 | -€81,092 | -10.1% |
| Trade debts | 44 | €4,299 | €42,540 | +€38,241 | +889.6% |
| Suppliers | 440/4 | €4,299 | €42,540 | +€38,241 | +889.6% |
| Taxes, remuneration and social security | 45 | - | €2,943 | +€2,943 | |
| Taxes | 450/3 | - | €2,943 | +€2,943 | |
| Other amounts payable | 47/48 | €800,682 | €678,407 | -€122,275 | -15.3% |
| Accrued charges and deferred income | 492/3 | - | €250 | +€250 | |
| Other operating charges | 640/8 | €387 | €1,231 | +€844 | +217.9% |
| Gross operating margin | 9900 | -€25,504 | €49,108 | +€74,612 | |
| Operating profit (loss) | 9901 | -€25,892 | €47,877 | +€73,768 | |
| Financial income | 75/76B | - | €100,000 | +€100,000 | |
| Recurring financial income | 75 | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €406 | €313 | -€94 | -23.1% |
| Recurring financial charges | 65 | €406 | €313 | -€94 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | -€26,298 | €147,564 | +€173,862 | |
| Profit (loss) for the period | 9904 | -€26,298 | €147,564 | +€173,862 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,298 | €147,564 | +€173,862 |
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 9 October 2026 via checked.be.