Por Que No: 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.
Por Que No
Largest movements
- Cash +€4,923
up €4,923 (+57.4%), from €8,576 to €13,498
mainly Net result for the year (+€4,267) and Depreciation (+€3,187)
- Tangible fixed assets -€3,187
down €3,187 (-47.2%), from €6,753 to €3,566
of which Furniture and vehicles: -€2,534
- Receivables within one year +€1,178
up €1,178 (+15.6%), from €7,570 to €8,749
of which Trade receivables: +€3,674
- Deferred charges and accrued income +€491
up €491 (+355%), from €138 to €629
- Reserves +€4,267
up €4,267 (+86.0%), from €4,962 to €9,228
- Other debts -€3,692
down €3,692 (-30.5%), from €12,121 to €8,429
- Tax, wage and social debts +€2,379
up €2,379, from €0 to €2,379
- Accrued charges and deferred income +€400
new in 2025: €400
- Gross operating margin -€10,299
down €10,299 (-46.6%), from €22,098 to €11,799
- Taxes -€2,072
down €2,072 (-40.5%), from €5,117 to €3,044
- Other operating charges +€407
up €407 (+52.4%), from €777 to €1,184
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 | €23,037 | €26,443 | +€3,405 | +14.8% |
| Fixed assets | 21/28 | €6,753 | €3,566 | -€3,187 | -47.2% |
| Tangible fixed assets | 22/27 | €6,753 | €3,566 | -€3,187 | -47.2% |
| Plant, machinery and equipment | 23 | €1,778 | €1,126 | -€653 | -36.7% |
| Furniture and vehicles | 24 | €4,975 | €2,441 | -€2,534 | -50.9% |
| Current assets | 29/58 | €16,284 | €22,876 | +€6,592 | +40.5% |
| Amounts receivable within one year | 40/41 | €7,570 | €8,749 | +€1,178 | +15.6% |
| Trade receivables | 40 | €5,075 | €8,749 | +€3,674 | +72.4% |
| Other amounts receivable | 41 | €2,495 | €0 | -€2,495 | -100% |
| Cash at bank and in hand | 54/58 | €8,576 | €13,498 | +€4,923 | +57.4% |
| Deferred charges and accrued income | 490/1 | €138 | €629 | +€491 | +355% |
| Total equity and liabilities | 10/49 | €23,037 | €26,443 | +€3,405 | +14.8% |
| Equity | 10/15 | €9,962 | €14,228 | +€4,267 | +42.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,962 | €9,228 | +€4,267 | +86.0% |
| Distributable reserves | 133 | €4,962 | €9,228 | +€4,267 | +86.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,076 | €12,214 | -€862 | -6.6% |
| Amounts payable within one year | 42/48 | €13,076 | €11,814 | -€1,261 | -9.6% |
| Trade debts | 44 | €955 | €1,006 | +€52 | +5.4% |
| Suppliers | 440/4 | €955 | €1,006 | +€52 | +5.4% |
| Taxes, remuneration and social security | 45 | €0 | €2,379 | +€2,379 | |
| Taxes | 450/3 | €0 | €2,379 | +€2,379 | |
| Other amounts payable | 47/48 | €12,121 | €8,429 | -€3,692 | -30.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,187 | €3,187 | = | 0.0% |
| Other operating charges | 640/8 | €777 | €1,184 | +€407 | +52.4% |
| Gross operating margin | 9900 | €22,098 | €11,799 | -€10,299 | -46.6% |
| Operating profit (loss) | 9901 | €18,134 | €7,428 | -€10,706 | -59.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €298 | €117 | -€181 | -60.8% |
| Recurring financial charges | 65 | €298 | €117 | -€181 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | €17,837 | €7,311 | -€10,526 | -59.0% |
| Income taxes | 67/77 | €5,117 | €3,044 | -€2,072 | -40.5% |
| Profit (loss) for the period | 9904 | €12,720 | €4,267 | -€8,453 | -66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,720 | €4,267 | -€8,453 | -66.5% |
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 1 November 2026 via checked.be.