PR-STYLE: 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.
PR-STYLE
Largest movements
- Deferred charges and accrued income +€20,227
new in 2025: €20,227
- Receivables within one year -€17,329
down €17,329 (-24.3%), from €71,227 to €53,898
of which Trade receivables: -€13,864
- Cash +€12,977
up €12,977 (+9.4%), from €138,172 to €151,149
mainly Receivables within one year (+€17,329) and Net result for the year (+€12,213)
- Reserves +€12,213
up €12,213 (+6.6%), from €184,959 to €197,172
- Trade debts +€9,000
up €9,000 (+161.3%), from €5,579 to €14,579
- Accrued charges and deferred income -€5,000
down €5,000 (-100.0%), from €5,000 to €0
- Tax, wage and social debts -€2,918
down €2,918 (-38.0%), from €7,686 to €4,768
of which Taxes: -€3,915
- Gross operating margin +€2,459
up €2,459 (+8.6%), from €28,495 to €30,954
- Taxes +€2,032
up €2,032 (+26.6%), from €7,629 to €9,661
- Financial charges -€1,579
down €1,579 (-33.3%), from €4,738 to €3,159
- Other operating charges -€385
down €385 (-18.3%), from €2,099 to €1,714
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 | €231,050 | €245,137 | +€14,088 | +6.1% |
| Fixed assets | 21/28 | €21,651 | €19,863 | -€1,788 | -8.3% |
| Tangible fixed assets | 22/27 | €21,651 | €19,863 | -€1,788 | -8.3% |
| Plant, machinery and equipment | 23 | €515 | €77 | -€438 | -85.1% |
| Furniture and vehicles | 24 | €1,375 | €3,079 | +€1,705 | +124.0% |
| Other tangible fixed assets | 26 | €19,761 | €16,707 | -€3,054 | -15.5% |
| Current assets | 29/58 | €209,399 | €225,274 | +€15,875 | +7.6% |
| Amounts receivable within one year | 40/41 | €71,227 | €53,898 | -€17,329 | -24.3% |
| Trade receivables | 40 | €61,595 | €47,731 | -€13,864 | -22.5% |
| Other amounts receivable | 41 | €9,632 | €6,167 | -€3,465 | -36.0% |
| Cash at bank and in hand | 54/58 | €138,172 | €151,149 | +€12,977 | +9.4% |
| Deferred charges and accrued income | 490/1 | - | €20,227 | +€20,227 | |
| Total equity and liabilities | 10/49 | €231,050 | €245,137 | +€14,088 | +6.1% |
| Equity | 10/15 | €209,959 | €222,172 | +€12,213 | +5.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €184,959 | €197,172 | +€12,213 | +6.6% |
| Distributable reserves | 133 | €184,959 | €197,172 | +€12,213 | +6.6% |
| Amounts payable | 17/49 | €21,091 | €22,966 | +€1,875 | +8.9% |
| Amounts payable within one year | 42/48 | €16,091 | €22,966 | +€6,875 | +42.7% |
| Trade debts | 44 | €5,579 | €14,579 | +€9,000 | +161.3% |
| Suppliers | 440/4 | €5,579 | €14,579 | +€9,000 | +161.3% |
| Taxes, remuneration and social security | 45 | €7,686 | €4,768 | -€2,918 | -38.0% |
| Taxes | 450/3 | €7,686 | €3,771 | -€3,915 | -50.9% |
| Remuneration and social security | 454/9 | - | €997 | +€997 | |
| Other amounts payable | 47/48 | €2,826 | €3,619 | +€793 | +28.1% |
| Accrued charges and deferred income | 492/3 | €5,000 | €0 | -€5,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,902 | €4,208 | +€306 | +7.8% |
| Other operating charges | 640/8 | €2,099 | €1,714 | -€385 | -18.3% |
| Gross operating margin | 9900 | €28,495 | €30,954 | +€2,459 | +8.6% |
| Operating profit (loss) | 9901 | €22,495 | €25,032 | +€2,538 | +11.3% |
| Financial income | 75/76B | €0 | €1 | +€0 | +121.7% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +121.7% |
| Financial charges | 65/66B | €4,738 | €3,159 | -€1,579 | -33.3% |
| Recurring financial charges | 65 | €4,738 | €3,159 | -€1,579 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €17,757 | €21,874 | +€4,117 | +23.2% |
| Income taxes | 67/77 | €7,629 | €9,661 | +€2,032 | +26.6% |
| Profit (loss) for the period | 9904 | €10,128 | €12,213 | +€2,085 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,128 | €12,213 | +€2,085 | +20.6% |
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 8 October 2026 via checked.be.