Positivity: 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.
Positivity
Largest movements
- Receivables within one year +€36,304
up €36,304 (+208.3%), from €17,429 to €53,734
of which Trade receivables: +€24,639
- Tangible fixed assets -€7,509
down €7,509 (-23.6%), from €31,800 to €24,291
- Cash +€3,219
up €3,219 (+108.2%), from €2,975 to €6,193
mainly Trade debts (+€32,475) and Depreciation (+€7,509)
- Trade debts +€32,475
up €32,475 (+2180.4%), from €1,489 to €33,964
- Profit (loss) carried forward -€7,213
down €7,213 (-35.3%), from €20,453 to €13,239
- Tax, wage and social debts +€6,539
up €6,539 (+52.6%), from €12,444 to €18,983
- Gross operating margin -€27,651
down €27,651 (-77.5%), from €35,674 to €8,023
- Taxes -€1,503
down €1,503 (-18.5%), from €8,112 to €6,609
- Depreciation +€1,444
up €1,444 (+23.8%), from €6,065 to €7,509
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 | €52,986 | €85,000 | +€32,014 | +60.4% |
| Fixed assets | 21/28 | €31,800 | €24,291 | -€7,509 | -23.6% |
| Tangible fixed assets | 22/27 | €31,800 | €24,291 | -€7,509 | -23.6% |
| Plant, machinery and equipment | 23 | €15,779 | €12,193 | -€3,586 | -22.7% |
| Furniture and vehicles | 24 | €6,660 | €3,783 | -€2,878 | -43.2% |
| Other tangible fixed assets | 26 | €9,360 | €8,315 | -€1,045 | -11.2% |
| Current assets | 29/58 | €21,186 | €60,709 | +€39,523 | +186.6% |
| Amounts receivable within one year | 40/41 | €17,429 | €53,734 | +€36,304 | +208.3% |
| Trade receivables | 40 | €16,907 | €41,546 | +€24,639 | +145.7% |
| Other amounts receivable | 41 | €522 | €12,188 | +€11,666 | +2233.2% |
| Cash at bank and in hand | 54/58 | €2,975 | €6,193 | +€3,219 | +108.2% |
| Deferred charges and accrued income | 490/1 | €782 | €782 | = | 0.0% |
| Total equity and liabilities | 10/49 | €52,986 | €85,000 | +€32,014 | +60.4% |
| Equity | 10/15 | €39,053 | €31,839 | -€7,213 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,453 | €13,239 | -€7,213 | -35.3% |
| Amounts payable | 17/49 | €13,933 | €53,161 | +€39,228 | +281.5% |
| Amounts payable within one year | 42/48 | €13,933 | €52,979 | +€39,045 | +280.2% |
| Trade debts | 44 | €1,489 | €33,964 | +€32,475 | +2180.4% |
| Suppliers | 440/4 | €1,489 | €33,964 | +€32,475 | +2180.4% |
| Taxes, remuneration and social security | 45 | €12,444 | €18,983 | +€6,539 | +52.6% |
| Taxes | 450/3 | €12,444 | €18,983 | +€6,539 | +52.6% |
| Other amounts payable | 47/48 | - | €32 | +€32 | |
| Accrued charges and deferred income | 492/3 | - | €182 | +€182 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,065 | €7,509 | +€1,444 | +23.8% |
| Other operating charges | 640/8 | €1,008 | €1,040 | +€31 | +3.1% |
| Gross operating margin | 9900 | €35,674 | €8,023 | -€27,651 | -77.5% |
| Operating profit (loss) | 9901 | €28,601 | -€526 | -€29,126 | |
| Financial income | 75/76B | €203 | - | -€203 | |
| Recurring financial income | 75 | €203 | - | -€203 | |
| Financial charges | 65/66B | €267 | €79 | -€188 | -70.5% |
| Recurring financial charges | 65 | €267 | €79 | -€188 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | €28,537 | -€605 | -€29,142 | |
| Income taxes | 67/77 | €8,112 | €6,609 | -€1,503 | -18.5% |
| Profit (loss) for the period | 9904 | €20,425 | -€7,213 | -€27,638 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,425 | -€7,213 | -€27,638 |
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 4 October 2026 via checked.be.