POINT INVISIBLE: 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.
POINT INVISIBLE
Largest movements
- Cash +€26,249
up €26,249 (+23.8%), from €110,387 to €136,636
mainly Net result for the year (+€17,971) and Tax, wage and social debts (+€5,907)
- Receivables within one year -€4,431
down €4,431 (-41.1%), from €10,778 to €6,347
of which Trade receivables: -€6,972
- Tangible fixed assets +€2,465
up €2,465 (+136.9%), from €1,800 to €4,265
of which Other tangible fixed assets: +€2,894
- Reserves +€17,971
up €17,971 (+18.5%), from €96,936 to €114,907
- Tax, wage and social debts +€5,907
up €5,907 (+682.3%), from €866 to €6,773
- Accrued charges and deferred income +€4,000
new in 2025: €4,000
- Other debts -€3,514
no longer reported in 2025 (was €3,514)
- Staff costs -€43,588
down €43,588 (-99.2%), from €43,928 to €340
- Gross operating margin -€20,488
down €20,488 (-43.3%), from €47,277 to €26,788
- Taxes +€6,408
up €6,408 (+2261.0%), from €283 to €6,692
- Depreciation +€739
up €739 (+343.7%), from €215 to €953
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 | €124,318 | €148,349 | +€24,031 | +19.3% |
| Fixed assets | 21/28 | €1,929 | €4,394 | +€2,465 | +127.7% |
| Tangible fixed assets | 22/27 | €1,800 | €4,265 | +€2,465 | +136.9% |
| Plant, machinery and equipment | 23 | €1,800 | €1,370 | -€430 | -23.9% |
| Other tangible fixed assets | 26 | - | €2,894 | +€2,894 | |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €122,389 | €143,954 | +€21,566 | +17.6% |
| Stocks and contracts in progress | 3 | €586 | €438 | -€148 | -25.2% |
| Stocks | 30/36 | €586 | €438 | -€148 | -25.2% |
| Amounts receivable within one year | 40/41 | €10,778 | €6,347 | -€4,431 | -41.1% |
| Trade receivables | 40 | €9,336 | €2,364 | -€6,972 | -74.7% |
| Other amounts receivable | 41 | €1,442 | €3,983 | +€2,541 | +176.2% |
| Cash at bank and in hand | 54/58 | €110,387 | €136,636 | +€26,249 | +23.8% |
| Deferred charges and accrued income | 490/1 | €637 | €533 | -€104 | -16.3% |
| Total equity and liabilities | 10/49 | €124,318 | €148,349 | +€24,031 | +19.3% |
| Equity | 10/15 | €117,396 | €135,367 | +€17,971 | +15.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Share premium | 1100/10 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €96,936 | €114,907 | +€17,971 | +18.5% |
| Distributable reserves | 133 | €96,936 | €114,907 | +€17,971 | +18.5% |
| Amounts payable | 17/49 | €6,922 | €12,982 | +€6,060 | +87.5% |
| Amounts payable within one year | 42/48 | €6,922 | €8,982 | +€2,060 | +29.8% |
| Trade debts | 44 | €2,543 | €2,209 | -€334 | -13.1% |
| Suppliers | 440/4 | €2,543 | €2,209 | -€334 | -13.1% |
| Taxes, remuneration and social security | 45 | €866 | €6,773 | +€5,907 | +682.3% |
| Taxes | 450/3 | €866 | €6,773 | +€5,907 | +682.3% |
| Other amounts payable | 47/48 | €3,514 | - | -€3,514 | |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Non-recurring operating income | 76A | €5,113 | €981 | -€4,132 | -80.8% |
| Remuneration, social security and pensions | 62 | €43,928 | €340 | -€43,588 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €215 | €953 | +€739 | +343.7% |
| Other operating charges | 640/8 | €600 | €621 | +€21 | +3.5% |
| Gross operating margin | 9900 | €47,277 | €26,788 | -€20,488 | -43.3% |
| Operating profit (loss) | 9901 | €2,534 | €24,873 | +€22,340 | +881.8% |
| Financial charges | 65/66B | €176 | €211 | +€35 | +19.8% |
| Recurring financial charges | 65 | €176 | €211 | +€35 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €2,357 | €24,662 | +€22,305 | +946.2% |
| Income taxes | 67/77 | €283 | €6,692 | +€6,408 | +2261.0% |
| Profit (loss) for the period | 9904 | €2,074 | €17,971 | +€15,897 | +766.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,074 | €17,971 | +€15,897 | +766.5% |
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.