PREMIERE IMPRESSION: 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.
PREMIERE IMPRESSION
Largest movements
- Cash +€74,750
up €74,750 (+120%), from €62,245 to €136,995
mainly Receivables within one year (+€38,418) and Net result for the year (+€14,290)
- Receivables within one year -€38,418
down €38,418 (-36.9%), from €104,131 to €65,713
of which Trade receivables: -€42,647
- Tangible fixed assets +€12,879
up €12,879 (+278%), from €4,627 to €17,506
of which Plant, machinery and equipment: +€10,255
- Profit (loss) carried forward +€14,290
up €14,290 (+710%), from €2,013 to €16,302
- Other debts +€12,623
up €12,623 (+11.3%), from €111,648 to €124,271
- Trade debts +€6,956
up €6,956 (+21.3%), from €32,657 to €39,613
- Debts after one year +€6,222
new in 2025: €6,222
- Current portion of long-term debt +€4,667
new in 2025: €4,667
- Gross operating margin +€8,694
up €8,694 (+47.9%), from €18,167 to €26,861
- Depreciation +€1,323
up €1,323 (+28.4%), from €4,658 to €5,981
- Other operating charges +€872
up €872 (+165%), from €527 to €1,399
- Financial charges -€810
down €810 (-41.4%), from €1,955 to €1,145
- Financial income +€408
up €408 (+151%), from €271 to €680
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 | €171,703 | €220,213 | +€48,510 | +28.3% |
| Fixed assets | 21/28 | €4,627 | €17,506 | +€12,879 | +278% |
| Tangible fixed assets | 22/27 | €4,627 | €17,506 | +€12,879 | +278% |
| Plant, machinery and equipment | 23 | €1,379 | €11,633 | +€10,255 | +744% |
| Furniture and vehicles | 24 | €3,248 | €5,872 | +€2,624 | +80.8% |
| Current assets | 29/58 | €167,076 | €202,708 | +€35,631 | +21.3% |
| Amounts receivable within one year | 40/41 | €104,131 | €65,713 | -€38,418 | -36.9% |
| Trade receivables | 40 | €90,973 | €48,326 | -€42,647 | -46.9% |
| Other amounts receivable | 41 | €13,159 | €17,387 | +€4,229 | +32.1% |
| Cash at bank and in hand | 54/58 | €62,245 | €136,995 | +€74,750 | +120% |
| Deferred charges and accrued income | 490/1 | €700 | - | -€700 | |
| Total equity and liabilities | 10/49 | €171,703 | €220,213 | +€48,510 | +28.3% |
| Equity | 10/15 | €24,430 | €38,720 | +€14,290 | +58.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,418 | €2,418 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €418 | €418 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,013 | €16,302 | +€14,290 | +710% |
| Amounts payable | 17/49 | €147,273 | €181,493 | +€34,220 | +23.2% |
| Amounts payable after more than one year | 17 | - | €6,222 | +€6,222 | |
| Financial debts | 170/4 | - | €6,222 | +€6,222 | |
| Amounts payable within one year | 42/48 | €147,273 | €175,271 | +€27,998 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,667 | +€4,667 | |
| Trade debts | 44 | €32,657 | €39,613 | +€6,956 | +21.3% |
| Suppliers | 440/4 | €32,657 | €39,613 | +€6,956 | +21.3% |
| Taxes, remuneration and social security | 45 | €2,968 | €6,720 | +€3,752 | +126% |
| Taxes | 450/3 | €2,968 | €6,720 | +€3,752 | +126% |
| Other amounts payable | 47/48 | €111,648 | €124,271 | +€12,623 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,658 | €5,981 | +€1,323 | +28.4% |
| Other operating charges | 640/8 | €527 | €1,399 | +€872 | +165% |
| Gross operating margin | 9900 | €18,167 | €26,861 | +€8,694 | +47.9% |
| Operating profit (loss) | 9901 | €12,981 | €19,481 | +€6,500 | +50.1% |
| Financial income | 75/76B | €271 | €680 | +€408 | +151% |
| Recurring financial income | 75 | €271 | €680 | +€408 | +151% |
| Financial charges | 65/66B | €1,955 | €1,145 | -€810 | -41.4% |
| Recurring financial charges | 65 | €1,955 | €1,145 | -€810 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €11,297 | €19,015 | +€7,718 | +68.3% |
| Income taxes | 67/77 | €4,863 | €4,726 | -€138 | -2.8% |
| Profit (loss) for the period | 9904 | €6,434 | €14,290 | +€7,856 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €6,434 | €14,290 | +€7,856 | +122% |
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 13 October 2026 via checked.be.