P&L EXPERTISE: 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.
P&L EXPERTISE
Largest movements
- Cash +€64,502
up €64,502 (+817%), from €7,896 to €72,398
mainly Receivables within one year (+€54,906) and Other debts (+€52,920)
- Financial fixed assets +€60,000
up €60,000 (+35.8%), from €167,500 to €227,500
- Receivables within one year -€54,906
down €54,906 (-84.0%), from €65,373 to €10,467
of which Trade receivables: -€54,874
- Other debts +€52,920
up €52,920 (+2,228%), from €2,375 to €55,295
- Profit (loss) carried forward +€36,667
up €36,667 (+31.8%), from €115,250 to €151,917
- Debts after one year -€17,319
down €17,319 (-29.5%), from €58,661 to €41,342
- Tax, wage and social debts -€10,916
down €10,916 (-26.3%), from €41,484 to €30,568
of which Taxes: -€9,416
- Trade debts +€8,628
up €8,628 (+151%), from €5,697 to €14,325
- Gross operating margin -€15,950
down €15,950 (-24.6%), from €64,727 to €48,777
- Taxes -€8,328
down €8,328 (-51.2%), from €16,249 to €7,922
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 | €242,169 | €312,765 | +€70,596 | +29.2% |
| Fixed assets | 21/28 | €167,500 | €227,500 | +€60,000 | +35.8% |
| Financial fixed assets | 28 | €167,500 | €227,500 | +€60,000 | +35.8% |
| Current assets | 29/58 | €74,669 | €85,265 | +€10,596 | +14.2% |
| Amounts receivable within one year | 40/41 | €65,373 | €10,467 | -€54,906 | -84.0% |
| Trade receivables | 40 | €65,340 | €10,467 | -€54,874 | -84.0% |
| Other amounts receivable | 41 | €33 | €1 | -€33 | -97.8% |
| Cash at bank and in hand | 54/58 | €7,896 | €72,398 | +€64,502 | +817% |
| Deferred charges and accrued income | 490/1 | €1,400 | €2,400 | +€1,000 | +71.4% |
| Total equity and liabilities | 10/49 | €242,169 | €312,765 | +€70,596 | +29.2% |
| Equity | 10/15 | €117,250 | €153,917 | +€36,667 | +31.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,250 | €151,917 | +€36,667 | +31.8% |
| Amounts payable | 17/49 | €124,920 | €158,849 | +€33,929 | +27.2% |
| Amounts payable after more than one year | 17 | €58,661 | €41,342 | -€17,319 | -29.5% |
| Financial debts | 170/4 | €58,661 | €41,342 | -€17,319 | -29.5% |
| Amounts payable within one year | 42/48 | €66,259 | €117,507 | +€51,248 | +77.3% |
| Current portion of amounts payable after more than one year | 42 | €16,703 | €17,319 | +€616 | +3.7% |
| Trade debts | 44 | €5,697 | €14,325 | +€8,628 | +151% |
| Suppliers | 440/4 | €5,697 | €14,325 | +€8,628 | +151% |
| Taxes, remuneration and social security | 45 | €41,484 | €30,568 | -€10,916 | -26.3% |
| Taxes | 450/3 | €39,984 | €30,568 | -€9,416 | -23.5% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100% |
| Other amounts payable | 47/48 | €2,375 | €55,295 | +€52,920 | +2,228% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €64,727 | €48,777 | -€15,950 | -24.6% |
| Operating profit (loss) | 9901 | €64,340 | €48,378 | -€15,962 | -24.8% |
| Financial charges | 65/66B | €2,707 | €2,956 | +€249 | +9.2% |
| Recurring financial charges | 65 | €2,707 | €2,956 | +€249 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €61,633 | €45,422 | -€16,211 | -26.3% |
| Income taxes | 67/77 | €16,249 | €7,922 | -€8,328 | -51.2% |
| Profit (loss) for the period | 9904 | €45,384 | €37,500 | -€7,884 | -17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,384 | €37,500 | -€7,884 | -17.4% |
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 26 October 2026 via checked.be.