P42: 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.
P42
Largest movements
- Cash +€39,139
up €39,139 (+478.4%), from €8,181 to €47,320
mainly Net result for the year (+€53,954) and Other debts (+€49,352)
- Receivables within one year +€20,036
up €20,036 (+62.6%), from €32,004 to €52,040
of which Trade receivables: +€12,079
- Deferred charges and accrued income -€1,903
down €1,903 (-14.1%), from €13,544 to €11,641
- Other debts +€49,352
up €49,352 (+193.9%), from €25,457 to €74,808
- Short-term financial debts +€22,000
new in 2025: €22,000
- Reserves -€18,941
down €18,941 (-100.0%), from €18,941 to €0
- Tax, wage and social debts +€8,452
up €8,452 (+84.2%), from €10,041 to €18,493
of which Taxes: +€8,452
- Trade debts -€3,028
down €3,028 (-59.2%), from €5,111 to €2,083
- Gross operating margin +€68,815
up €68,815 (+879.8%), from €7,821 to €76,636
- Taxes +€13,954
up €13,954 (+3058.5%), from €456 to €14,410
- Financial charges -€787
down €787 (-20.9%), from €3,769 to €2,982
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 | €64,998 | €122,520 | +€57,523 | +88.5% |
| Fixed assets | 21/28 | €11,269 | €11,520 | +€251 | +2.2% |
| Tangible fixed assets | 22/27 | €11,269 | €11,520 | +€251 | +2.2% |
| Land and buildings | 22 | €5,223 | €4,556 | -€666 | -12.8% |
| Plant, machinery and equipment | 23 | €4,371 | €2,542 | -€1,829 | -41.8% |
| Furniture and vehicles | 24 | €1,675 | €4,421 | +€2,746 | +163.9% |
| Current assets | 29/58 | €53,729 | €111,001 | +€57,272 | +106.6% |
| Amounts receivable within one year | 40/41 | €32,004 | €52,040 | +€20,036 | +62.6% |
| Trade receivables | 40 | €27,427 | €39,506 | +€12,079 | +44.0% |
| Other amounts receivable | 41 | €4,577 | €12,534 | +€7,957 | +173.8% |
| Cash at bank and in hand | 54/58 | €8,181 | €47,320 | +€39,139 | +478.4% |
| Deferred charges and accrued income | 490/1 | €13,544 | €11,641 | -€1,903 | -14.1% |
| Total equity and liabilities | 10/49 | €64,998 | €122,520 | +€57,523 | +88.5% |
| Equity | 10/15 | €23,941 | €5,000 | -€18,941 | -79.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,941 | €0 | -€18,941 | -100.0% |
| Distributable reserves | 133 | €18,941 | €0 | -€18,941 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €41,057 | €117,520 | +€76,464 | +186.2% |
| Amounts payable within one year | 42/48 | €40,609 | €117,384 | +€76,776 | +189.1% |
| Financial debts | 43 | - | €22,000 | +€22,000 | |
| Credit institutions | 430/8 | - | €22,000 | +€22,000 | |
| Trade debts | 44 | €5,111 | €2,083 | -€3,028 | -59.2% |
| Suppliers | 440/4 | €5,111 | €2,083 | -€3,028 | -59.2% |
| Taxes, remuneration and social security | 45 | €10,041 | €18,493 | +€8,452 | +84.2% |
| Taxes | 450/3 | €10,041 | €18,493 | +€8,452 | +84.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,457 | €74,808 | +€49,352 | +193.9% |
| Accrued charges and deferred income | 492/3 | €448 | €136 | -€312 | -69.6% |
| Non-recurring operating income | 76A | - | €15,736 | +€15,736 | |
| Remuneration, social security and pensions | 62 | €388 | €388 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,578 | €3,249 | +€672 | +26.1% |
| Other operating charges | 640/8 | €991 | €1,654 | +€663 | +66.9% |
| Non-recurring operating charges | 66A | €8,247 | €0 | -€8,247 | -100.0% |
| Gross operating margin | 9900 | €7,821 | €76,636 | +€68,815 | +879.8% |
| Operating profit (loss) | 9901 | -€4,383 | €71,345 | +€75,728 | |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,769 | €2,982 | -€787 | -20.9% |
| Recurring financial charges | 65 | €3,769 | €2,982 | -€787 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,151 | €68,364 | +€76,515 | |
| Income taxes | 67/77 | €456 | €14,410 | +€13,954 | +3058.5% |
| Profit (loss) for the period | 9904 | -€8,608 | €53,954 | +€62,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,608 | €53,954 | +€62,561 |
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 11 October 2026 via checked.be.