Origin: 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.
Origin
Largest movements
- Cash +€20,588
up €20,588 (+60.1%), from €34,270 to €54,858
mainly Depreciation (+€16,646) and Net result for the year (+€9,265)
- Tangible fixed assets -€16,646
down €16,646 (-24.3%), from €68,598 to €51,953
of which Furniture and vehicles: -€13,600
- Receivables within one year +€3,823
up €3,823 (+1820.4%), from €210 to €4,033
- Deferred charges and accrued income -€3,822
down €3,822 (-95.4%), from €4,005 to €184
- Reserves +€9,265
up €9,265 (+43.5%), from €21,305 to €30,570
- Debts after one year -€5,978
down €5,978 (-31.4%), from €19,063 to €13,085
- Tax, wage and social debts +€2,606
up €2,606 (+31.1%), from €8,374 to €10,980
of which Taxes: +€2,606
- Other debts -€1,191
down €1,191 (-2.5%), from €48,361 to €47,170
- Gross operating margin -€6,052
down €6,052 (-16.8%), from €35,993 to €29,941
- Depreciation +€1,457
up €1,457 (+9.6%), from €15,189 to €16,646
- Taxes -€1,309
down €1,309 (-33.4%), from €3,914 to €2,606
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 | €107,084 | €111,027 | +€3,943 | +3.7% |
| Fixed assets | 21/28 | €68,598 | €51,953 | -€16,646 | -24.3% |
| Tangible fixed assets | 22/27 | €68,598 | €51,953 | -€16,646 | -24.3% |
| Plant, machinery and equipment | 23 | €7,893 | €5,425 | -€2,469 | -31.3% |
| Furniture and vehicles | 24 | €55,515 | €41,915 | -€13,600 | -24.5% |
| Other tangible fixed assets | 26 | €5,191 | €4,613 | -€577 | -11.1% |
| Current assets | 29/58 | €38,485 | €59,075 | +€20,589 | +53.5% |
| Amounts receivable within one year | 40/41 | €210 | €4,033 | +€3,823 | +1820.4% |
| Trade receivables | 40 | €210 | €4,033 | +€3,823 | +1820.4% |
| Cash at bank and in hand | 54/58 | €34,270 | €54,858 | +€20,588 | +60.1% |
| Deferred charges and accrued income | 490/1 | €4,005 | €184 | -€3,822 | -95.4% |
| Total equity and liabilities | 10/49 | €107,084 | €111,027 | +€3,943 | +3.7% |
| Equity | 10/15 | €24,305 | €33,570 | +€9,265 | +38.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,305 | €30,570 | +€9,265 | +43.5% |
| Distributable reserves | 133 | €21,305 | €30,570 | +€9,265 | +43.5% |
| Amounts payable | 17/49 | €82,779 | €77,458 | -€5,321 | -6.4% |
| Amounts payable after more than one year | 17 | €19,063 | €13,085 | -€5,978 | -31.4% |
| Financial debts | 170/4 | €19,063 | €13,085 | -€5,978 | -31.4% |
| Amounts payable within one year | 42/48 | €63,516 | €64,172 | +€656 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €5,790 | €5,978 | +€188 | +3.2% |
| Trade debts | 44 | €991 | €44 | -€947 | -95.5% |
| Suppliers | 440/4 | €991 | €44 | -€947 | -95.5% |
| Taxes, remuneration and social security | 45 | €8,374 | €10,980 | +€2,606 | +31.1% |
| Taxes | 450/3 | €6,874 | €9,480 | +€2,606 | +37.9% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €48,361 | €47,170 | -€1,191 | -2.5% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,189 | €16,646 | +€1,457 | +9.6% |
| Other operating charges | 640/8 | €799 | €743 | -€56 | -7.0% |
| Gross operating margin | 9900 | €35,993 | €29,941 | -€6,052 | -16.8% |
| Operating profit (loss) | 9901 | €20,006 | €12,553 | -€7,453 | -37.3% |
| Financial income | 75/76B | - | €111 | +€111 | |
| Recurring financial income | 75 | - | €111 | +€111 | |
| Financial charges | 65/66B | €1,088 | €794 | -€294 | -27.1% |
| Recurring financial charges | 65 | €1,088 | €794 | -€294 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | €18,918 | €11,870 | -€7,047 | -37.3% |
| Income taxes | 67/77 | €3,914 | €2,606 | -€1,309 | -33.4% |
| Profit (loss) for the period | 9904 | €15,003 | €9,265 | -€5,739 | -38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,003 | €9,265 | -€5,739 | -38.2% |
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 10 October 2026 via checked.be.