Palabras: what changed
Two fiscal 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.
Palabras
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€59,522
up €59,522 (+84.0%), from €70,887 to €130,409
mainly Current investments (+€100,000) and Net result for the year (+€32,661)
- Tangible fixed assets +€34,061
up €34,061 (+449.6%), from €7,575 to €41,636
of which Furniture and vehicles: +€34,892
- Receivables within one year -€6,189
down €6,189 (-23.7%), from €26,164 to €19,975
- Other debts +€15,539
up €15,539 (+160.7%), from €9,672 to €25,211
- Reserves -€12,777
down €12,777 (-9.7%), from €131,477 to €118,701
of which Distributable reserves: -€12,777
- Trade debts -€11,235
down €11,235 (-36.6%), from €30,680 to €19,444
- Tax, wage and social debts -€4,372
down €4,372 (-29.3%), from €14,898 to €10,526
- Gross operating margin -€4,347
down €4,347 (-8.2%), from €53,247 to €48,899
- Taxes -€1,268
down €1,268 (-8.4%), from €15,055 to €13,787
- Depreciation +€721
up €721 (+48.6%), from €1,485 to €2,206
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 | €205,393 | €192,431 | -€12,962 | -6.3% |
| Fixed assets | 21/28 | €7,575 | €41,636 | +€34,061 | +449.6% |
| Tangible fixed assets | 22/27 | €7,575 | €41,636 | +€34,061 | +449.6% |
| Plant, machinery and equipment | 23 | €2,630 | €2,710 | +€79 | +3.0% |
| Furniture and vehicles | 24 | €658 | €35,550 | +€34,892 | +5301.1% |
| Other tangible fixed assets | 26 | €4,287 | €3,377 | -€910 | -21.2% |
| Current assets | 29/58 | €197,818 | €150,795 | -€47,023 | -23.8% |
| Amounts receivable within one year | 40/41 | €26,164 | €19,975 | -€6,189 | -23.7% |
| Trade receivables | 40 | €26,164 | €19,975 | -€6,189 | -23.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €70,887 | €130,409 | +€59,522 | +84.0% |
| Deferred charges and accrued income | 490/1 | €768 | €411 | -€356 | -46.4% |
| Total equity and liabilities | 10/49 | €205,393 | €192,431 | -€12,962 | -6.3% |
| Equity | 10/15 | €150,027 | €137,251 | -€12,777 | -8.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €131,477 | €118,701 | -€12,777 | -9.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €129,622 | €116,846 | -€12,777 | -9.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,366 | €55,181 | -€185 | -0.3% |
| Amounts payable within one year | 42/48 | €55,250 | €55,181 | -€69 | -0.1% |
| Trade debts | 44 | €30,680 | €19,444 | -€11,235 | -36.6% |
| Suppliers | 440/4 | €30,680 | €19,444 | -€11,235 | -36.6% |
| Taxes, remuneration and social security | 45 | €14,898 | €10,526 | -€4,372 | -29.3% |
| Taxes | 450/3 | €14,898 | €10,526 | -€4,372 | -29.3% |
| Other amounts payable | 47/48 | €9,672 | €25,211 | +€15,539 | +160.7% |
| Accrued charges and deferred income | 492/3 | €116 | €0 | -€116 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,485 | €2,206 | +€721 | +48.6% |
| Other operating charges | 640/8 | €451 | €900 | +€449 | +99.6% |
| Gross operating margin | 9900 | €53,247 | €48,899 | -€4,347 | -8.2% |
| Operating profit (loss) | 9901 | €51,310 | €45,793 | -€5,518 | -10.8% |
| Financial income | 75/76B | €962 | €812 | -€150 | -15.6% |
| Recurring financial income | 75 | €962 | €812 | -€150 | -15.6% |
| Financial charges | 65/66B | €98 | €157 | +€60 | +61.3% |
| Recurring financial charges | 65 | €98 | €157 | +€60 | +61.3% |
| Profit (loss) for the period before taxes | 9903 | €52,175 | €46,447 | -€5,727 | -11.0% |
| Income taxes | 67/77 | €15,055 | €13,787 | -€1,268 | -8.4% |
| Profit (loss) for the period | 9904 | €37,120 | €32,661 | -€4,459 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,120 | €32,661 | -€4,459 | -12.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.