PRINCIPAL IT: 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.
PRINCIPAL IT
Largest movements
- Cash +€47,116
up €47,116 (+28.2%), from €167,270 to €214,385
mainly Net result for the year (+€31,944) and Depreciation (+€14,818)
- Tangible fixed assets -€14,818
down €14,818 (-24.6%), from €60,141 to €45,323
- Receivables within one year -€4,235
down €4,235 (-22.7%), from €18,634 to €14,399
- Reserves +€31,944
up €31,944 (+15.3%), from €208,489 to €240,433
- Gross operating margin -€6,214
down €6,214 (-9.3%), from €66,768 to €60,554
- Taxes -€1,577
down €1,577 (-11.1%), from €14,274 to €12,697
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 | €246,045 | €274,107 | +€28,062 | +11.4% |
| Fixed assets | 21/28 | €60,141 | €45,323 | -€14,818 | -24.6% |
| Tangible fixed assets | 22/27 | €60,141 | €45,323 | -€14,818 | -24.6% |
| Furniture and vehicles | 24 | €60,141 | €45,323 | -€14,818 | -24.6% |
| Current assets | 29/58 | €185,904 | €228,784 | +€42,881 | +23.1% |
| Amounts receivable within one year | 40/41 | €18,634 | €14,399 | -€4,235 | -22.7% |
| Trade receivables | 40 | €18,634 | €14,399 | -€4,235 | -22.7% |
| Cash at bank and in hand | 54/58 | €167,270 | €214,385 | +€47,116 | +28.2% |
| Total equity and liabilities | 10/49 | €246,045 | €274,107 | +€28,062 | +11.4% |
| Equity | 10/15 | €227,089 | €259,033 | +€31,944 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,489 | €240,433 | +€31,944 | +15.3% |
| Distributable reserves | 133 | €208,489 | €240,433 | +€31,944 | +15.3% |
| Amounts payable | 17/49 | €18,956 | €15,074 | -€3,881 | -20.5% |
| Amounts payable within one year | 42/48 | €18,956 | €15,074 | -€3,881 | -20.5% |
| Trade debts | 44 | €386 | €214 | -€172 | -44.6% |
| Suppliers | 440/4 | €386 | €214 | -€172 | -44.6% |
| Taxes, remuneration and social security | 45 | €12,497 | €10,137 | -€2,361 | -18.9% |
| Taxes | 450/3 | €12,497 | €10,137 | -€2,361 | -18.9% |
| Other amounts payable | 47/48 | €6,073 | €4,724 | -€1,349 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,279 | €14,818 | +€540 | +3.8% |
| Other operating charges | 640/8 | €656 | €560 | -€97 | -14.7% |
| Gross operating margin | 9900 | €66,768 | €60,554 | -€6,214 | -9.3% |
| Operating profit (loss) | 9901 | €51,832 | €45,175 | -€6,657 | -12.8% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €551 | €535 | -€16 | -2.9% |
| Recurring financial charges | 65 | €551 | €535 | -€16 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €51,282 | €44,640 | -€6,641 | -13.0% |
| Income taxes | 67/77 | €14,274 | €12,697 | -€1,577 | -11.1% |
| Profit (loss) for the period | 9904 | €37,008 | €31,944 | -€5,064 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,008 | €31,944 | -€5,064 | -13.7% |
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.