pieces: 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.
pieces
Largest movements
- Cash +€44,169
up €44,169 (+144%), from €30,728 to €74,896
mainly Net result for the year (+€49,965) and Other debts (+€32,870)
- Tangible fixed assets -€14,458
down €14,458 (-21.0%), from €68,896 to €54,438
of which Furniture and vehicles: -€11,064
- Receivables within one year -€5,649
down €5,649 (-20.4%), from €27,728 to €22,078
of which Trade receivables: -€4,590
- Other debts +€32,870
up €32,870 (+57.2%), from €57,492 to €90,362
- Tax, wage and social debts -€5,762
down €5,762 (-53.5%), from €10,771 to €5,009
- Trade debts -€5,449
down €5,449 (-92.0%), from €5,920 to €471
- Accrued charges and deferred income +€2,670
new in 2025: €2,670
- Depreciation +€7,989
up €7,989 (+115%), from €6,949 to €14,938
- Gross operating margin -€5,558
down €5,558 (-6.1%), from €91,057 to €85,500
- Taxes -€3,940
down €3,940 (-18.5%), from €21,309 to €17,368
- Financial charges +€2,490
up €2,490 (+900%), from €277 to €2,766
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 | €128,855 | €153,149 | +€24,294 | +18.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €68,896 | €54,438 | -€14,458 | -21.0% |
| Tangible fixed assets | 22/27 | €68,896 | €54,438 | -€14,458 | -21.0% |
| Plant, machinery and equipment | 23 | €1,015 | €263 | -€753 | -74.1% |
| Furniture and vehicles | 24 | €54,918 | €43,854 | -€11,064 | -20.1% |
| Other tangible fixed assets | 26 | €12,963 | €10,322 | -€2,641 | -20.4% |
| Current assets | 29/58 | €59,960 | €98,711 | +€38,752 | +64.6% |
| Amounts receivable within one year | 40/41 | €27,728 | €22,078 | -€5,649 | -20.4% |
| Trade receivables | 40 | €26,037 | €21,447 | -€4,590 | -17.6% |
| Other amounts receivable | 41 | €1,691 | €632 | -€1,060 | -62.7% |
| Cash at bank and in hand | 54/58 | €30,728 | €74,896 | +€44,169 | +144% |
| Deferred charges and accrued income | 490/1 | €1,504 | €1,737 | +€233 | +15.5% |
| Total equity and liabilities | 10/49 | €128,855 | €153,149 | +€24,294 | +18.9% |
| Equity | 10/15 | €54,672 | €54,638 | -€35 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,072 | €36,038 | -€35 | -0.1% |
| Distributable reserves | 133 | €36,072 | €36,038 | -€35 | -0.1% |
| Amounts payable | 17/49 | €74,183 | €98,512 | +€24,329 | +32.8% |
| Amounts payable within one year | 42/48 | €74,183 | €95,842 | +€21,659 | +29.2% |
| Trade debts | 44 | €5,920 | €471 | -€5,449 | -92.0% |
| Suppliers | 440/4 | €5,920 | €471 | -€5,449 | -92.0% |
| Taxes, remuneration and social security | 45 | €10,771 | €5,009 | -€5,762 | -53.5% |
| Taxes | 450/3 | €10,771 | €5,009 | -€5,762 | -53.5% |
| Other amounts payable | 47/48 | €57,492 | €90,362 | +€32,870 | +57.2% |
| Accrued charges and deferred income | 492/3 | - | €2,670 | +€2,670 | |
| Non-recurring operating income | 76A | €826 | - | -€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,949 | €14,938 | +€7,989 | +115% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €91,057 | €85,500 | -€5,558 | -6.1% |
| Operating profit (loss) | 9901 | €83,658 | €70,097 | -€13,561 | -16.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €277 | €2,766 | +€2,490 | +900% |
| Recurring financial charges | 65 | €277 | €2,766 | +€2,490 | +900% |
| Profit (loss) for the period before taxes | 9903 | €83,381 | €67,334 | -€16,047 | -19.2% |
| Income taxes | 67/77 | €21,309 | €17,368 | -€3,940 | -18.5% |
| Profit (loss) for the period | 9904 | €62,072 | €49,965 | -€12,107 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,072 | €49,965 | -€12,107 | -19.5% |
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 19 October 2026 via checked.be.