POSITIVE CHANGE: 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.
POSITIVE CHANGE
Largest movements
- Cash +€12,882
up €12,882 (+349%), from €3,690 to €16,572
mainly Net result for the year (+€13,669) and Depreciation (+€11,904)
- Tangible fixed assets -€11,904
down €11,904 (-31.1%), from €38,325 to €26,421
of which Furniture and vehicles: -€11,307
- Profit (loss) carried forward +€13,669
up €13,669 (+63.6%), from -€21,485 to -€7,816
- Debts after one year -€12,778
down €12,778 (-79.8%), from €16,008 to €3,230
- Other debts -€3,065
down €3,065 (-15.0%), from €20,495 to €17,430
- Tax, wage and social debts +€2,853
up €2,853 (+219%), from €1,303 to €4,156
- Gross operating margin +€4,663
up €4,663 (+21.0%), from €22,225 to €26,887
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 | €44,052 | €44,947 | +€895 | +2.0% |
| Fixed assets | 21/28 | €38,325 | €26,421 | -€11,904 | -31.1% |
| Tangible fixed assets | 22/27 | €38,325 | €26,421 | -€11,904 | -31.1% |
| Plant, machinery and equipment | 23 | €1,164 | €567 | -€597 | -51.3% |
| Furniture and vehicles | 24 | €37,161 | €25,854 | -€11,307 | -30.4% |
| Current assets | 29/58 | €5,727 | €18,527 | +€12,800 | +223% |
| Amounts receivable within one year | 40/41 | €259 | €419 | +€160 | +61.9% |
| Trade receivables | 40 | €259 | €419 | +€160 | +61.9% |
| Current investments | 50/53 | €618 | €318 | -€300 | -48.5% |
| Cash at bank and in hand | 54/58 | €3,690 | €16,572 | +€12,882 | +349% |
| Deferred charges and accrued income | 490/1 | €1,161 | €1,218 | +€57 | +4.9% |
| Total equity and liabilities | 10/49 | €44,052 | €44,947 | +€895 | +2.0% |
| Equity | 10/15 | -€6,461 | €7,208 | +€13,669 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,625 | €2,625 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,625 | €2,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,485 | -€7,816 | +€13,669 | +63.6% |
| Amounts payable | 17/49 | €50,513 | €37,739 | -€12,774 | -25.3% |
| Amounts payable after more than one year | 17 | €16,008 | €3,230 | -€12,778 | -79.8% |
| Financial debts | 170/4 | €16,008 | €3,230 | -€12,778 | -79.8% |
| Amounts payable within one year | 42/48 | €34,351 | €34,381 | +€30 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €12,553 | €12,778 | +€225 | +1.8% |
| Trade debts | 44 | - | €17 | +€17 | |
| Suppliers | 440/4 | - | €17 | +€17 | |
| Taxes, remuneration and social security | 45 | €1,303 | €4,156 | +€2,853 | +219% |
| Taxes | 450/3 | €1,303 | €4,156 | +€2,853 | +219% |
| Other amounts payable | 47/48 | €20,495 | €17,430 | -€3,065 | -15.0% |
| Accrued charges and deferred income | 492/3 | €154 | €128 | -€26 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,092 | €11,904 | -€188 | -1.6% |
| Other operating charges | 640/8 | €754 | €574 | -€181 | -23.9% |
| Gross operating margin | 9900 | €22,225 | €26,887 | +€4,663 | +21.0% |
| Operating profit (loss) | 9901 | €9,378 | €14,409 | +€5,031 | +53.6% |
| Financial income | 75/76B | €0 | €60 | +€60 | +599,900% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +599,900% |
| Financial charges | 65/66B | €856 | €643 | -€212 | -24.8% |
| Recurring financial charges | 65 | €856 | €643 | -€212 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €8,522 | €13,826 | +€5,303 | +62.2% |
| Income taxes | 67/77 | €207 | €157 | -€50 | -24.2% |
| Profit (loss) for the period | 9904 | €8,315 | €13,669 | +€5,353 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,315 | €13,669 | +€5,353 | +64.4% |
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 21 October 2026 via checked.be.