POWER UP: 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.
POWER UP
Largest movements
- Receivables within one year +€21,423
up €21,423 (+137%), from €15,616 to €37,039
of which Trade receivables: +€22,610
- Tangible fixed assets -€20,175
down €20,175 (-10.5%), from €192,004 to €171,829
of which Furniture and vehicles: -€20,673
- Cash +€10,757
up €10,757 (+11.3%), from €95,043 to €105,800
mainly Net result for the year (+€106,686) and Depreciation (+€47,640)
- Deferred charges and accrued income +€8,406
up €8,406 (+120%), from €7,022 to €15,428
- Other debts -€64,543
down €64,543 (-92.3%), from €69,908 to €5,365
- Reserves +€61,686
up €61,686 (+32.0%), from €193,048 to €254,733
of which Distributable reserves: +€61,686
- Trade debts +€23,267
up €23,267 (+115%), from €20,248 to €43,515
- Gross operating margin +€54,965
up €54,965 (+41.6%), from €132,229 to €187,194
- Taxes +€20,165
up €20,165 (+155%), from €12,975 to €33,139
- Depreciation +€14,654
up €14,654 (+44.4%), from €32,987 to €47,640
- Other operating charges -€3,058
no longer reported in 2025 (was €3,058)
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 | €351,491 | €371,901 | +€20,410 | +5.8% |
| Fixed assets | 21/28 | €221,719 | €201,543 | -€20,175 | -9.1% |
| Tangible fixed assets | 22/27 | €192,004 | €171,829 | -€20,175 | -10.5% |
| Plant, machinery and equipment | 23 | €37,041 | €37,539 | +€498 | +1.3% |
| Furniture and vehicles | 24 | €154,964 | €134,290 | -€20,673 | -13.3% |
| Financial fixed assets | 28 | €29,715 | €29,715 | = | 0.0% |
| Current assets | 29/58 | €129,772 | €170,357 | +€40,586 | +31.3% |
| Stocks and contracts in progress | 3 | €12,091 | €12,091 | = | 0.0% |
| Stocks | 30/36 | €12,091 | €12,091 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,616 | €37,039 | +€21,423 | +137% |
| Trade receivables | 40 | €387 | €22,997 | +€22,610 | +5,839% |
| Other amounts receivable | 41 | €15,228 | €14,042 | -€1,187 | -7.8% |
| Cash at bank and in hand | 54/58 | €95,043 | €105,800 | +€10,757 | +11.3% |
| Deferred charges and accrued income | 490/1 | €7,022 | €15,428 | +€8,406 | +120% |
| Total equity and liabilities | 10/49 | €351,491 | €371,901 | +€20,410 | +5.8% |
| Equity | 10/15 | €261,335 | €323,021 | +€61,686 | +23.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €193,048 | €254,733 | +€61,686 | +32.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €191,188 | €252,873 | +€61,686 | +32.3% |
| Profit (loss) carried forward | 14 | €62,088 | €62,088 | = | 0.0% |
| Amounts payable | 17/49 | €90,155 | €48,880 | -€41,276 | -45.8% |
| Amounts payable within one year | 42/48 | €90,155 | €48,880 | -€41,276 | -45.8% |
| Trade debts | 44 | €20,248 | €43,515 | +€23,267 | +115% |
| Suppliers | 440/4 | €20,248 | €43,515 | +€23,267 | +115% |
| Other amounts payable | 47/48 | €69,908 | €5,365 | -€64,543 | -92.3% |
| Non-recurring operating income | 76A | €1,138 | - | -€1,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,987 | €47,640 | +€14,654 | +44.4% |
| Other operating charges | 640/8 | €3,058 | - | -€3,058 | |
| Gross operating margin | 9900 | €132,229 | €187,194 | +€54,965 | +41.6% |
| Operating profit (loss) | 9901 | €96,184 | €139,554 | +€43,369 | +45.1% |
| Financial income | 75/76B | €252 | €350 | +€98 | +38.9% |
| Recurring financial income | 75 | €252 | €350 | +€98 | +38.9% |
| Financial charges | 65/66B | €21 | €78 | +€57 | +269% |
| Recurring financial charges | 65 | €21 | €78 | +€57 | +269% |
| Profit (loss) for the period before taxes | 9903 | €96,415 | €139,825 | +€43,410 | +45.0% |
| Income taxes | 67/77 | €12,975 | €33,139 | +€20,165 | +155% |
| Profit (loss) for the period | 9904 | €83,440 | €106,686 | +€23,245 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €83,440 | €106,686 | +€23,245 | +27.9% |
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 15 October 2026 via checked.be.