OVERWATCH: 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.
OVERWATCH
Largest movements
- Cash +€21,711
up €21,711 (+62.5%), from €34,733 to €56,444
mainly Other debts (+€34,167) and Net result for the year (+€30,945)
- Receivables within one year +€8,020
up €8,020 (+109.5%), from €7,321 to €15,341
of which Trade receivables: +€6,885
- Tangible fixed assets -€4,600
down €4,600 (-36.7%), from €12,516 to €7,916
of which Furniture and vehicles: -€4,291
- Other debts +€34,167
up €34,167 (+2458.4%), from €1,390 to €35,557
- Profit (loss) carried forward -€4,055
down €4,055 (-14.2%), from €28,478 to €24,423
- Trade debts -€3,233
down €3,233 (-28.3%), from €11,437 to €8,204
- Short-term financial debts -€1,003
down €1,003 (-71.9%), from €1,394 to €391
- Gross operating margin +€22,958
up €22,958 (+91.7%), from €25,034 to €47,992
- Taxes +€4,657
up €4,657 (+108.8%), from €4,279 to €8,936
- Depreciation +€493
up €493 (+7.4%), from €6,679 to €7,172
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 | €55,518 | €80,607 | +€25,089 | +45.2% |
| Fixed assets | 21/28 | €12,516 | €7,916 | -€4,600 | -36.7% |
| Tangible fixed assets | 22/27 | €12,516 | €7,916 | -€4,600 | -36.7% |
| Furniture and vehicles | 24 | €9,517 | €5,226 | -€4,291 | -45.1% |
| Other tangible fixed assets | 26 | €2,999 | €2,691 | -€308 | -10.3% |
| Current assets | 29/58 | €43,002 | €72,691 | +€29,689 | +69.0% |
| Amounts receivable within one year | 40/41 | €7,321 | €15,341 | +€8,020 | +109.5% |
| Trade receivables | 40 | €7,321 | €14,207 | +€6,885 | +94.0% |
| Other amounts receivable | 41 | - | €1,134 | +€1,134 | |
| Cash at bank and in hand | 54/58 | €34,733 | €56,444 | +€21,711 | +62.5% |
| Deferred charges and accrued income | 490/1 | €947 | €906 | -€42 | -4.4% |
| Total equity and liabilities | 10/49 | €55,518 | €80,607 | +€25,089 | +45.2% |
| Equity | 10/15 | €31,478 | €27,423 | -€4,055 | -12.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,478 | €24,423 | -€4,055 | -14.2% |
| Amounts payable | 17/49 | €24,040 | €53,185 | +€29,145 | +121.2% |
| Amounts payable within one year | 42/48 | €24,040 | €53,185 | +€29,145 | +121.2% |
| Financial debts | 43 | €1,394 | €391 | -€1,003 | -71.9% |
| Other loans | 439 | €1,394 | €391 | -€1,003 | -71.9% |
| Trade debts | 44 | €11,437 | €8,204 | -€3,233 | -28.3% |
| Suppliers | 440/4 | €11,437 | €8,204 | -€3,233 | -28.3% |
| Taxes, remuneration and social security | 45 | €9,819 | €9,033 | -€786 | -8.0% |
| Taxes | 450/3 | €9,819 | €9,033 | -€786 | -8.0% |
| Other amounts payable | 47/48 | €1,390 | €35,557 | +€34,167 | +2458.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,679 | €7,172 | +€493 | +7.4% |
| Other operating charges | 640/8 | €686 | €1,112 | +€426 | +62.0% |
| Gross operating margin | 9900 | €25,034 | €47,992 | +€22,958 | +91.7% |
| Operating profit (loss) | 9901 | €17,669 | €39,709 | +€22,039 | +124.7% |
| Financial income | 75/76B | €155 | €263 | +€108 | +70.1% |
| Recurring financial income | 75 | €155 | €263 | +€108 | +70.1% |
| Financial charges | 65/66B | €260 | €91 | -€169 | -64.9% |
| Recurring financial charges | 65 | €260 | €91 | -€169 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €17,564 | €39,881 | +€22,317 | +127.1% |
| Income taxes | 67/77 | €4,279 | €8,936 | +€4,657 | +108.8% |
| Profit (loss) for the period | 9904 | €13,285 | €30,945 | +€17,660 | +132.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,285 | €30,945 | +€17,660 | +132.9% |
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.