Picture the scene: 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.
Picture the scene
Largest movements
- Receivables within one year +€16,063
up €16,063 (+63.8%), from €25,181 to €41,244
of which Trade receivables: +€8,935
- Tangible fixed assets -€13,655
down €13,655 (-16.9%), from €80,742 to €67,087
of which Furniture and vehicles: -€10,404
- Cash +€2,663
up €2,663 (+4.5%), from €58,912 to €61,575
mainly Net result for the year (+€28,721) and Depreciation (+€17,050)
- Reserves +€28,721
up €28,721 (+46.8%), from €61,321 to €90,042
- Profit (loss) carried forward -€15,000
down €15,000 (-50.2%), from €29,861 to €14,861
- Tax, wage and social debts -€14,243
down €14,243 (-60.5%), from €23,529 to €9,286
of which Taxes: -€13,891
- Other debts +€10,712
up €10,712 (+992%), from €1,080 to €11,792
- Debts after one year -€4,306
down €4,306 (-10.7%), from €40,222 to €35,916
- Gross operating margin -€16,643
down €16,643 (-16.1%), from €103,283 to €86,639
- Staff costs -€11,215
down €11,215 (-30.7%), from €36,496 to €25,281
- Depreciation +€7,686
up €7,686 (+82.1%), from €9,364 to €17,050
- Financial charges +€4,602
up €4,602 (+715%), from €644 to €5,245
- Taxes -€2,203
down €2,203 (-19.5%), from €11,311 to €9,109
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 | €166,908 | €171,640 | +€4,732 | +2.8% |
| Fixed assets | 21/28 | €80,782 | €67,127 | -€13,655 | -16.9% |
| Tangible fixed assets | 22/27 | €80,742 | €67,087 | -€13,655 | -16.9% |
| Land and buildings | 22 | €28,800 | €27,200 | -€1,600 | -5.6% |
| Plant, machinery and equipment | 23 | €4,374 | €3,422 | -€951 | -21.7% |
| Furniture and vehicles | 24 | €41,760 | €31,356 | -€10,404 | -24.9% |
| Other tangible fixed assets | 26 | €5,809 | €5,109 | -€700 | -12.1% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €86,126 | €104,513 | +€18,387 | +21.3% |
| Amounts receivable within one year | 40/41 | €25,181 | €41,244 | +€16,063 | +63.8% |
| Trade receivables | 40 | €25,181 | €34,116 | +€8,935 | +35.5% |
| Other amounts receivable | 41 | - | €7,128 | +€7,128 | |
| Cash at bank and in hand | 54/58 | €58,912 | €61,575 | +€2,663 | +4.5% |
| Deferred charges and accrued income | 490/1 | €2,033 | €1,693 | -€340 | -16.7% |
| Total equity and liabilities | 10/49 | €166,908 | €171,640 | +€4,732 | +2.8% |
| Equity | 10/15 | €93,042 | €106,763 | +€13,721 | +14.7% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €61,321 | €90,042 | +€28,721 | +46.8% |
| Distributable reserves | 133 | €61,321 | €90,042 | +€28,721 | +46.8% |
| Profit (loss) carried forward | 14 | €29,861 | €14,861 | -€15,000 | -50.2% |
| Amounts payable | 17/49 | €73,866 | €64,877 | -€8,989 | -12.2% |
| Amounts payable after more than one year | 17 | €40,222 | €35,916 | -€4,306 | -10.7% |
| Financial debts | 170/4 | €40,222 | €35,916 | -€4,306 | -10.7% |
| Amounts payable within one year | 42/48 | €33,644 | €28,961 | -€4,683 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €8,581 | €7,847 | -€734 | -8.6% |
| Trade debts | 44 | €454 | €36 | -€419 | -92.2% |
| Suppliers | 440/4 | €454 | €36 | -€419 | -92.2% |
| Taxes, remuneration and social security | 45 | €23,529 | €9,286 | -€14,243 | -60.5% |
| Taxes | 450/3 | €20,031 | €6,139 | -€13,891 | -69.3% |
| Remuneration and social security | 454/9 | €3,499 | €3,147 | -€352 | -10.1% |
| Other amounts payable | 47/48 | €1,080 | €11,792 | +€10,712 | +992% |
| Remuneration, social security and pensions | 62 | €36,496 | €25,281 | -€11,215 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,364 | €17,050 | +€7,686 | +82.1% |
| Other operating charges | 640/8 | €1,083 | €1,235 | +€152 | +14.0% |
| Gross operating margin | 9900 | €103,283 | €86,639 | -€16,643 | -16.1% |
| Operating profit (loss) | 9901 | €56,340 | €43,073 | -€13,266 | -23.5% |
| Financial income | 75/76B | €5 | €1 | -€4 | -76.6% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -76.6% |
| Financial charges | 65/66B | €644 | €5,245 | +€4,602 | +715% |
| Recurring financial charges | 65 | €644 | €5,245 | +€4,602 | +715% |
| Profit (loss) for the period before taxes | 9903 | €55,701 | €37,829 | -€17,872 | -32.1% |
| Income taxes | 67/77 | €11,311 | €9,109 | -€2,203 | -19.5% |
| Profit (loss) for the period | 9904 | €44,389 | €28,721 | -€15,669 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,389 | €28,721 | -€15,669 | -35.3% |
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 1 November 2026 via checked.be.