PRIVATE CFO: 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.
PRIVATE CFO
Largest movements
- Receivables within one year -€12,074
down €12,074 (-21.9%), from €55,063 to €42,989
of which Trade receivables: -€15,399
- Cash +€7,488
up €7,488 (+91.6%), from €8,175 to €15,663
mainly Receivables within one year (+€12,074) and Net result for the year (+€7,006)
- Trade debts -€15,695
down €15,695 (-99.6%), from €15,751 to €56
- Reserves +€6,086
up €6,086 (+14.0%), from €43,391 to €49,477
- Tax, wage and social debts +€4,103
up €4,103 (+25643.8%), from €16 to €4,119
- Profit (loss) carried forward +€920
no longer reported in 2025 (was -€920)
- Gross operating margin +€10,240
up €10,240, from -€635 to €9,605
- Taxes +€2,448
new in 2025: €2,448
- Other operating charges -€141
down €141 (-58.5%), from €241 to €100
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 | €63,238 | €58,652 | -€4,586 | -7.3% |
| Current assets | 29/58 | €63,238 | €58,652 | -€4,586 | -7.3% |
| Amounts receivable within one year | 40/41 | €55,063 | €42,989 | -€12,074 | -21.9% |
| Trade receivables | 40 | €18,122 | €2,723 | -€15,399 | -85.0% |
| Other amounts receivable | 41 | €36,941 | €40,266 | +€3,325 | +9.0% |
| Cash at bank and in hand | 54/58 | €8,175 | €15,663 | +€7,488 | +91.6% |
| Total equity and liabilities | 10/49 | €63,238 | €58,652 | -€4,586 | -7.3% |
| Equity | 10/15 | €47,471 | €54,477 | +€7,006 | +14.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €43,391 | €49,477 | +€6,086 | +14.0% |
| Distributable reserves | 133 | €43,391 | €49,477 | +€6,086 | +14.0% |
| Profit (loss) carried forward | 14 | -€920 | - | +€920 | |
| Amounts payable | 17/49 | €15,767 | €4,175 | -€11,592 | -73.5% |
| Amounts payable within one year | 42/48 | €15,767 | €4,175 | -€11,592 | -73.5% |
| Trade debts | 44 | €15,751 | €56 | -€15,695 | -99.6% |
| Suppliers | 440/4 | €15,751 | €56 | -€15,695 | -99.6% |
| Taxes, remuneration and social security | 45 | €16 | €4,119 | +€4,103 | +25643.8% |
| Taxes | 450/3 | €16 | €4,119 | +€4,103 | +25643.8% |
| Other operating charges | 640/8 | €241 | €100 | -€141 | -58.5% |
| Gross operating margin | 9900 | -€635 | €9,605 | +€10,240 | |
| Operating profit (loss) | 9901 | -€876 | €9,505 | +€10,381 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €44 | €61 | +€17 | +38.6% |
| Recurring financial charges | 65 | €44 | €61 | +€17 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | -€920 | €9,454 | +€10,374 | |
| Income taxes | 67/77 | - | €2,448 | +€2,448 | |
| Profit (loss) for the period | 9904 | -€920 | €7,006 | +€7,926 | |
| Profit (loss) for the period to be appropriated | 9905 | -€920 | €7,006 | +€7,926 |
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 12 October 2026 via checked.be.