Out-ofthe-box: 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.
Out-ofthe-box
Largest movements
- Deferred charges and accrued income +€39,945
up €39,945 (+3,976%), from €1,005 to €40,950
- Cash -€10,639
no longer reported in 2025 (was €10,639)
mainly Deferred charges and accrued income (-€39,945) and Debts after one year (-€5,831)
- Tangible fixed assets -€10,378
down €10,378 (-24.2%), from €42,798 to €32,421
of which Furniture and vehicles: -€9,680
- Reserves +€14,958
up €14,958 (+59.1%), from €25,317 to €40,275
- Debts after one year -€5,831
down €5,831 (-47.1%), from €12,384 to €6,553
- Trade debts +€4,069
up €4,069 (+896%), from €454 to €4,523
- Tax, wage and social debts +€3,337
up €3,337 (+42.3%), from €7,895 to €11,232
of which Remuneration and social security: +€1,891
- Other debts +€2,193
up €2,193 (+124%), from €1,764 to €3,957
- Gross operating margin -€3,784
down €3,784 (-10.2%), from €37,088 to €33,304
- Depreciation +€715
up €715 (+7.4%), from €9,663 to €10,378
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 | €54,442 | €73,371 | +€18,928 | +34.8% |
| Fixed assets | 21/28 | €42,798 | €32,421 | -€10,378 | -24.2% |
| Tangible fixed assets | 22/27 | €42,798 | €32,421 | -€10,378 | -24.2% |
| Plant, machinery and equipment | 23 | €2,972 | €2,561 | -€412 | -13.8% |
| Furniture and vehicles | 24 | €39,540 | €29,860 | -€9,680 | -24.5% |
| Other tangible fixed assets | 26 | €286 | - | -€286 | |
| Current assets | 29/58 | €11,644 | €40,950 | +€29,306 | +252% |
| Cash at bank and in hand | 54/58 | €10,639 | - | -€10,639 | |
| Deferred charges and accrued income | 490/1 | €1,005 | €40,950 | +€39,945 | +3,976% |
| Total equity and liabilities | 10/49 | €54,442 | €73,371 | +€18,928 | +34.8% |
| Equity | 10/15 | €26,317 | €41,275 | +€14,958 | +56.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,317 | €40,275 | +€14,958 | +59.1% |
| Distributable reserves | 133 | €25,317 | €40,275 | +€14,958 | +59.1% |
| Amounts payable | 17/49 | €28,125 | €32,096 | +€3,971 | +14.1% |
| Amounts payable after more than one year | 17 | €12,384 | €6,553 | -€5,831 | -47.1% |
| Financial debts | 170/4 | €12,384 | €6,553 | -€5,831 | -47.1% |
| Amounts payable within one year | 42/48 | €15,741 | €25,543 | +€9,801 | +62.3% |
| Current portion of amounts payable after more than one year | 42 | €5,628 | €5,831 | +€202 | +3.6% |
| Trade debts | 44 | €454 | €4,523 | +€4,069 | +896% |
| Suppliers | 440/4 | €454 | €4,523 | +€4,069 | +896% |
| Taxes, remuneration and social security | 45 | €7,895 | €11,232 | +€3,337 | +42.3% |
| Taxes | 450/3 | €7,895 | €9,342 | +€1,447 | +18.3% |
| Remuneration and social security | 454/9 | - | €1,891 | +€1,891 | |
| Other amounts payable | 47/48 | €1,764 | €3,957 | +€2,193 | +124% |
| Non-recurring operating income | 76A | €19,158 | - | -€19,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,663 | €10,378 | +€715 | +7.4% |
| Other operating charges | 640/8 | €879 | €768 | -€110 | -12.6% |
| Gross operating margin | 9900 | €37,088 | €33,304 | -€3,784 | -10.2% |
| Operating profit (loss) | 9901 | €26,546 | €22,158 | -€4,388 | -16.5% |
| Financial income | 75/76B | €47 | €0 | -€47 | -99.7% |
| Recurring financial income | 75 | €47 | €0 | -€47 | -99.7% |
| Financial charges | 65/66B | €1,110 | €1,009 | -€101 | -9.1% |
| Recurring financial charges | 65 | €1,110 | €1,009 | -€101 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €25,483 | €21,149 | -€4,334 | -17.0% |
| Income taxes | 67/77 | €5,921 | €6,191 | +€270 | +4.6% |
| Profit (loss) for the period | 9904 | €19,562 | €14,958 | -€4,604 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,562 | €14,958 | -€4,604 | -23.5% |
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.