+ PLUS: 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.
+ PLUS
Largest movements
- Cash +€691,320
up €691,320 (+270.9%), from €255,156 to €946,477
mainly Net result for the year (+€484,259) and Accrued charges and deferred income (+€439,245)
- Deferred charges and accrued income +€126,549
new in 2025: €126,549
- Receivables within one year +€84,809
up €84,809 (+42.9%), from €197,761 to €282,570
of which Other amounts receivable: +€127,183
- Tangible fixed assets +€18,268
up €18,268 (+141.0%), from €12,953 to €31,221
of which Furniture and vehicles: +€14,828
- Profit (loss) carried forward +€484,259
up €484,259 (+416.0%), from €116,413 to €600,672
- Accrued charges and deferred income +€439,245
new in 2025: €439,245
- Tax, wage and social debts -€46,295
down €46,295 (-88.3%), from €52,452 to €6,156
of which Taxes: -€52,298
- Trade debts +€41,830
up €41,830 (+295.6%), from €14,149 to €55,979
- Gross operating margin +€403,604
up €403,604 (+101.4%), from €398,027 to €801,630
- Taxes +€81,417
up €81,417 (+68.7%), from €118,583 to €200,000
- Depreciation +€54,893
up €54,893 (+1079.0%), from €5,088 to €59,981
- Staff costs +€34,712
up €34,712 (+201.2%), from €17,250 to €51,962
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 | €473,429 | €1,391,707 | +€918,278 | +194.0% |
| Fixed assets | 21/28 | €20,512 | €36,111 | +€15,599 | +76.1% |
| Intangible fixed assets | 21 | €4,826 | €2,158 | -€2,669 | -55.3% |
| Tangible fixed assets | 22/27 | €12,953 | €31,221 | +€18,268 | +141.0% |
| Furniture and vehicles | 24 | €4,669 | €19,497 | +€14,828 | +317.6% |
| Other tangible fixed assets | 26 | €8,284 | €11,723 | +€3,440 | +41.5% |
| Financial fixed assets | 28 | €2,733 | €2,733 | = | 0.0% |
| Current assets | 29/58 | €452,918 | €1,355,596 | +€902,679 | +199.3% |
| Amounts receivable within one year | 40/41 | €197,761 | €282,570 | +€84,809 | +42.9% |
| Trade receivables | 40 | €124,357 | €81,983 | -€42,374 | -34.1% |
| Other amounts receivable | 41 | €73,405 | €200,587 | +€127,183 | +173.3% |
| Cash at bank and in hand | 54/58 | €255,156 | €946,477 | +€691,320 | +270.9% |
| Deferred charges and accrued income | 490/1 | - | €126,549 | +€126,549 | |
| Total equity and liabilities | 10/49 | €473,429 | €1,391,707 | +€918,278 | +194.0% |
| Equity | 10/15 | €406,068 | €890,326 | +€484,259 | +119.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €281,595 | €281,595 | = | 0.0% |
| Distributable reserves | 133 | €281,595 | €281,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,413 | €600,672 | +€484,259 | +416.0% |
| Amounts payable | 17/49 | €67,362 | €501,381 | +€434,019 | +644.3% |
| Amounts payable within one year | 42/48 | €67,362 | €62,135 | -€5,227 | -7.8% |
| Trade debts | 44 | €14,149 | €55,979 | +€41,830 | +295.6% |
| Suppliers | 440/4 | €14,149 | €55,979 | +€41,830 | +295.6% |
| Taxes, remuneration and social security | 45 | €52,452 | €6,156 | -€46,295 | -88.3% |
| Taxes | 450/3 | €52,298 | - | -€52,298 | |
| Remuneration and social security | 454/9 | €154 | €6,156 | +€6,003 | +3901.1% |
| Other amounts payable | 47/48 | €761 | - | -€761 | |
| Accrued charges and deferred income | 492/3 | - | €439,245 | +€439,245 | |
| Remuneration, social security and pensions | 62 | €17,250 | €51,962 | +€34,712 | +201.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,088 | €59,981 | +€54,893 | +1079.0% |
| Other operating charges | 640/8 | €622 | €5,401 | +€4,779 | +768.3% |
| Gross operating margin | 9900 | €398,027 | €801,630 | +€403,604 | +101.4% |
| Operating profit (loss) | 9901 | €375,067 | €684,287 | +€309,220 | +82.4% |
| Financial income | 75/76B | €1 | €1,413 | +€1,413 | +231565.6% |
| Recurring financial income | 75 | €1 | €1,413 | +€1,413 | +231565.6% |
| Financial charges | 65/66B | €1,265 | €1,441 | +€176 | +13.9% |
| Recurring financial charges | 65 | €1,265 | €1,441 | +€176 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €373,802 | €684,259 | +€310,457 | +83.1% |
| Income taxes | 67/77 | €118,583 | €200,000 | +€81,417 | +68.7% |
| Profit (loss) for the period | 9904 | €255,219 | €484,259 | +€229,040 | +89.7% |
| Profit (loss) for the period to be appropriated | 9905 | €255,219 | €484,259 | +€229,040 | +89.7% |
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 7 October 2026 via checked.be.