POSITION META: 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.
POSITION META
Largest movements
- Cash +€119,957
up €119,957 (+164.4%), from €72,988 to €192,946
mainly Advances received (+€70,000) and Receivables within one year (+€54,057)
- Receivables within one year -€54,057
down €54,057 (-87.3%), from €61,932 to €7,874
of which Other amounts receivable: -€31,886
- Deferred charges and accrued income -€21,024
down €21,024 (-46.9%), from €44,785 to €23,760
- Tangible fixed assets +€6,803
up €6,803 (+391.3%), from €1,739 to €8,541
of which Furniture and vehicles: +€5,053
- Advances received +€70,000
new in 2025: €70,000
- Debts after one year -€32,646
down €32,646 (-27.5%), from €118,851 to €86,205
of which Other amounts payable: -€118,851
- Tax, wage and social debts +€15,066
up €15,066 (+509.7%), from €2,956 to €18,022
of which Taxes: +€13,621
- Trade debts -€8,951
down €8,951 (-46.9%), from €19,093 to €10,143
- Current portion of long-term debt +€5,663
up €5,663 (+21.0%), from €26,983 to €32,646
- Gross operating margin +€19,909
up €19,909 (+177.5%), from €11,214 to €31,123
- Staff costs +€16,331
new in 2025: €16,331
- Financial charges +€1,664
up €1,664 (+29.8%), from €5,591 to €7,255
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 | €182,169 | €233,848 | +€51,679 | +28.4% |
| Fixed assets | 21/28 | €2,465 | €9,267 | +€6,803 | +276.0% |
| Tangible fixed assets | 22/27 | €1,739 | €8,541 | +€6,803 | +391.3% |
| Furniture and vehicles | 24 | €1,739 | €6,791 | +€5,053 | +290.6% |
| Other tangible fixed assets | 26 | - | €1,750 | +€1,750 | |
| Financial fixed assets | 28 | €726 | €726 | = | 0.0% |
| Current assets | 29/58 | €179,705 | €224,581 | +€44,876 | +25.0% |
| Amounts receivable within one year | 40/41 | €61,932 | €7,874 | -€54,057 | -87.3% |
| Trade receivables | 40 | €30,046 | €7,874 | -€22,171 | -73.8% |
| Other amounts receivable | 41 | €31,886 | - | -€31,886 | |
| Cash at bank and in hand | 54/58 | €72,988 | €192,946 | +€119,957 | +164.4% |
| Deferred charges and accrued income | 490/1 | €44,785 | €23,760 | -€21,024 | -46.9% |
| Total equity and liabilities | 10/49 | €182,169 | €233,848 | +€51,679 | +28.4% |
| Equity | 10/15 | €9,512 | €12,298 | +€2,787 | +29.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,512 | €7,298 | +€2,787 | +61.8% |
| Amounts payable | 17/49 | €172,658 | €221,550 | +€48,892 | +28.3% |
| Amounts payable after more than one year | 17 | €118,851 | €86,205 | -€32,646 | -27.5% |
| Financial debts | 170/4 | - | €86,205 | +€86,205 | |
| Other amounts payable | 178/9 | €118,851 | - | -€118,851 | |
| Amounts payable within one year | 42/48 | €49,032 | €130,811 | +€81,779 | +166.8% |
| Current portion of amounts payable after more than one year | 42 | €26,983 | €32,646 | +€5,663 | +21.0% |
| Trade debts | 44 | €19,093 | €10,143 | -€8,951 | -46.9% |
| Suppliers | 440/4 | €19,093 | €10,143 | -€8,951 | -46.9% |
| Advances received on contracts in progress | 46 | - | €70,000 | +€70,000 | |
| Taxes, remuneration and social security | 45 | €2,956 | €18,022 | +€15,066 | +509.7% |
| Taxes | 450/3 | €2,956 | €16,577 | +€13,621 | +460.8% |
| Remuneration and social security | 454/9 | - | €1,445 | +€1,445 | |
| Accrued charges and deferred income | 492/3 | €4,775 | €4,534 | -€241 | -5.1% |
| Non-recurring operating income | 76A | €9,775 | - | -€9,775 | |
| Remuneration, social security and pensions | 62 | - | €16,331 | +€16,331 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,579 | €1,853 | +€274 | +17.4% |
| Other operating charges | 640/8 | €914 | €839 | -€75 | -8.2% |
| Gross operating margin | 9900 | €11,214 | €31,123 | +€19,909 | +177.5% |
| Operating profit (loss) | 9901 | €8,721 | €12,100 | +€3,379 | +38.7% |
| Financial income | 75/76B | €38 | €226 | +€187 | +486.6% |
| Recurring financial income | 75 | €38 | €226 | +€187 | +486.6% |
| Financial charges | 65/66B | €5,591 | €7,255 | +€1,664 | +29.8% |
| Recurring financial charges | 65 | €5,591 | €7,255 | +€1,664 | +29.8% |
| Profit (loss) for the period before taxes | 9903 | €3,169 | €5,071 | +€1,902 | +60.0% |
| Income taxes | 67/77 | €2,042 | €2,284 | +€242 | +11.8% |
| Profit (loss) for the period | 9904 | €1,127 | €2,787 | +€1,660 | +147.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,127 | €2,787 | +€1,660 | +147.3% |
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 6 October 2026 via checked.be.