POSITIV: 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.
POSITIV
Largest movements
- Receivables within one year -€24,254
no longer reported in 2025 (was €24,254)
- Cash +€3,520
up €3,520 (+12.7%), from €27,751 to €31,271
mainly Net result for the year (+€48,721) and Receivables within one year (+€24,254)
- Deferred charges and accrued income +€1,819
up €1,819 (+233%), from €782 to €2,601
- Tax, wage and social debts -€13,344
down €13,344 (-91.1%), from €14,655 to €1,311
- Other debts +€12,628
new in 2025: €12,628
- Profit (loss) carried forward -€11,279
down €11,279 (-13.4%), from €84,095 to €72,816
- Current portion of long-term debt -€6,078
no longer reported in 2025 (was €6,078)
- Depreciation -€6,535
no longer reported in 2025 (was €6,535)
- Gross operating margin +€2,076
up €2,076 (+3.3%), from €63,248 to €65,324
- Taxes +€2,066
up €2,066 (+14.4%), from €14,336 to €16,402
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 | €105,712 | €86,797 | -€18,915 | -17.9% |
| Fixed assets | 21/28 | €52,925 | €52,925 | = | 0.0% |
| Tangible fixed assets | 22/27 | €52,925 | €52,925 | = | 0.0% |
| Land and buildings | 22 | €52,925 | €52,925 | = | 0.0% |
| Current assets | 29/58 | €52,787 | €33,872 | -€18,915 | -35.8% |
| Amounts receivable within one year | 40/41 | €24,254 | - | -€24,254 | |
| Other amounts receivable | 41 | €24,254 | - | -€24,254 | |
| Cash at bank and in hand | 54/58 | €27,751 | €31,271 | +€3,520 | +12.7% |
| Deferred charges and accrued income | 490/1 | €782 | €2,601 | +€1,819 | +233% |
| Total equity and liabilities | 10/49 | €105,712 | €86,797 | -€18,915 | -17.9% |
| Equity | 10/15 | €84,095 | €72,816 | -€11,279 | -13.4% |
| Profit (loss) carried forward | 14 | €84,095 | €72,816 | -€11,279 | -13.4% |
| Amounts payable | 17/49 | €21,617 | €13,981 | -€7,636 | -35.3% |
| Amounts payable within one year | 42/48 | €21,617 | €13,981 | -€7,636 | -35.3% |
| Current portion of amounts payable after more than one year | 42 | €6,078 | - | -€6,078 | |
| Trade debts | 44 | €883 | €42 | -€841 | -95.2% |
| Suppliers | 440/4 | €883 | €42 | -€841 | -95.2% |
| Taxes, remuneration and social security | 45 | €14,655 | €1,311 | -€13,344 | -91.1% |
| Taxes | 450/3 | €14,655 | €1,311 | -€13,344 | -91.1% |
| Other amounts payable | 47/48 | - | €12,628 | +€12,628 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,535 | - | -€6,535 | |
| Other operating charges | 640/8 | €395 | €409 | +€13 | +3.3% |
| Gross operating margin | 9900 | €63,248 | €65,324 | +€2,076 | +3.3% |
| Operating profit (loss) | 9901 | €56,318 | €64,916 | +€8,597 | +15.3% |
| Financial income | 75/76B | €638 | €305 | -€333 | -52.2% |
| Recurring financial income | 75 | €638 | €305 | -€333 | -52.2% |
| Financial charges | 65/66B | €708 | €98 | -€610 | -86.2% |
| Recurring financial charges | 65 | €708 | €98 | -€610 | -86.2% |
| Profit (loss) for the period before taxes | 9903 | €56,248 | €65,123 | +€8,875 | +15.8% |
| Income taxes | 67/77 | €14,336 | €16,402 | +€2,066 | +14.4% |
| Profit (loss) for the period | 9904 | €41,912 | €48,721 | +€6,809 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,912 | €48,721 | +€6,809 | +16.2% |
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 18 October 2026 via checked.be.