Policy Lab: 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.
Policy Lab
Largest movements
- Cash +€86,260
up €86,260 (+268%), from €32,239 to €118,498
mainly Net result for the year (+€58,686) and Trade debts (+€14,706)
- Tangible fixed assets -€7,173
down €7,173 (-49.0%), from €14,629 to €7,456
- Receivables within one year -€4,641
down €4,641 (-24.5%), from €18,982 to €14,340
of which Trade receivables: -€4,674
- Profit (loss) carried forward +€58,686
up €58,686 (+105%), from €56,041 to €114,727
- Trade debts +€14,706
up €14,706 (+632%), from €2,328 to €17,034
- Tax, wage and social debts +€1,819
up €1,819 (+33.2%), from €5,480 to €7,300
- Taxes -€2,141
down €2,141 (-11.9%), from €18,000 to €15,859
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 | €65,849 | €141,697 | +€75,848 | +115% |
| Fixed assets | 21/28 | €14,629 | €7,456 | -€7,173 | -49.0% |
| Tangible fixed assets | 22/27 | €14,629 | €7,456 | -€7,173 | -49.0% |
| Furniture and vehicles | 24 | €14,629 | €7,456 | -€7,173 | -49.0% |
| Current assets | 29/58 | €51,220 | €134,241 | +€83,021 | +162% |
| Amounts receivable within one year | 40/41 | €18,982 | €14,340 | -€4,641 | -24.5% |
| Trade receivables | 40 | €18,763 | €14,089 | -€4,674 | -24.9% |
| Other amounts receivable | 41 | €219 | €252 | +€33 | +15.0% |
| Cash at bank and in hand | 54/58 | €32,239 | €118,498 | +€86,260 | +268% |
| Deferred charges and accrued income | 490/1 | - | €1,402 | +€1,402 | |
| Total equity and liabilities | 10/49 | €65,849 | €141,697 | +€75,848 | +115% |
| Equity | 10/15 | €58,041 | €116,727 | +€58,686 | +101% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,041 | €114,727 | +€58,686 | +105% |
| Amounts payable | 17/49 | €7,808 | €24,970 | +€17,162 | +220% |
| Amounts payable within one year | 42/48 | €7,808 | €24,370 | +€16,562 | +212% |
| Trade debts | 44 | €2,328 | €17,034 | +€14,706 | +632% |
| Suppliers | 440/4 | €2,328 | €17,034 | +€14,706 | +632% |
| Taxes, remuneration and social security | 45 | €5,480 | €7,300 | +€1,819 | +33.2% |
| Taxes | 450/3 | €5,480 | €7,300 | +€1,819 | +33.2% |
| Other amounts payable | 47/48 | - | €36 | +€36 | |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,464 | €7,173 | -€291 | -3.9% |
| Other operating charges | 640/8 | €396 | €295 | -€101 | -25.5% |
| Non-recurring operating charges | 66A | €63 | €359 | +€296 | +469% |
| Gross operating margin | 9900 | €82,033 | €82,582 | +€549 | +0.7% |
| Operating profit (loss) | 9901 | €74,110 | €74,755 | +€645 | +0.9% |
| Financial income | 75/76B | €1 | €1 | +€0 | +1.0% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +1.0% |
| Financial charges | 65/66B | €70 | €211 | +€141 | +203% |
| Recurring financial charges | 65 | €70 | €211 | +€141 | +203% |
| Profit (loss) for the period before taxes | 9903 | €74,041 | €74,545 | +€504 | +0.7% |
| Income taxes | 67/77 | €18,000 | €15,859 | -€2,141 | -11.9% |
| Profit (loss) for the period | 9904 | €56,041 | €58,686 | +€2,645 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €56,041 | €58,686 | +€2,645 | +4.7% |
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 17 October 2026 via checked.be.