PROLOGY: 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.
PROLOGY
Largest movements
- Tangible fixed assets +€50,472
up €50,472 (+1050.7%), from €4,804 to €55,276
of which Furniture and vehicles: +€49,231
- Cash -€25,277
down €25,277 (-30.5%), from €82,793 to €57,516
mainly Investment in fixed assets (net) (-€54,122) and Receivables within one year (-€12,311)
- Receivables within one year +€12,311
up €12,311 (+61.3%), from €20,098 to €32,410
of which Trade receivables: +€11,052
- Deferred charges and accrued income +€1,962
up €1,962 (+117.3%), from €1,674 to €3,636
- Debts after one year +€28,714
new in 2025: €28,714
- Current portion of long-term debt +€6,735
new in 2025: €6,735
- Other debts -€6,283
down €6,283 (-66.2%), from €9,489 to €3,206
- Profit (loss) carried forward +€6,177
up €6,177 (+47.0%), from -€13,140 to -€6,962
- Trade debts +€4,903
up €4,903 (+317.8%), from €1,543 to €6,445
- Gross operating margin +€16,014
up €16,014, from -€13,705 to €2,310
- Financial income +€10,056
up €10,056 (+12338.5%), from €82 to €10,137
of which Non-recurring financial income: +€9,689
- Other operating charges +€1,225
up €1,225 (+199.3%), from €615 to €1,840
- Depreciation +€968
up €968 (+36.1%), from €2,682 to €3,650
- Financial charges +€347
up €347 (+267.5%), from €130 to €476
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 | €109,369 | €148,837 | +€39,469 | +36.1% |
| Fixed assets | 21/28 | €4,804 | €55,276 | +€50,472 | +1050.7% |
| Tangible fixed assets | 22/27 | €4,804 | €55,276 | +€50,472 | +1050.7% |
| Plant, machinery and equipment | 23 | €3,397 | €2,919 | -€478 | -14.1% |
| Furniture and vehicles | 24 | €1,407 | €50,638 | +€49,231 | +3499.6% |
| Other tangible fixed assets | 26 | - | €1,720 | +€1,720 | |
| Current assets | 29/58 | €104,565 | €93,562 | -€11,003 | -10.5% |
| Amounts receivable within one year | 40/41 | €20,098 | €32,410 | +€12,311 | +61.3% |
| Trade receivables | 40 | €20,098 | €31,150 | +€11,052 | +55.0% |
| Other amounts receivable | 41 | - | €1,260 | +€1,260 | |
| Cash at bank and in hand | 54/58 | €82,793 | €57,516 | -€25,277 | -30.5% |
| Deferred charges and accrued income | 490/1 | €1,674 | €3,636 | +€1,962 | +117.3% |
| Total equity and liabilities | 10/49 | €109,369 | €148,837 | +€39,469 | +36.1% |
| Equity | 10/15 | €94,960 | €101,138 | +€6,177 | +6.5% |
| Contributions | 10/11 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €88,500 | €88,500 | = | 0.0% |
| Distributable reserves | 133 | €88,500 | €88,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,140 | -€6,962 | +€6,177 | +47.0% |
| Amounts payable | 17/49 | €14,408 | €47,700 | +€33,291 | +231.1% |
| Amounts payable after more than one year | 17 | - | €28,714 | +€28,714 | |
| Financial debts | 170/4 | - | €28,714 | +€28,714 | |
| Amounts payable within one year | 42/48 | €14,408 | €18,894 | +€4,485 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | - | €6,735 | +€6,735 | |
| Trade debts | 44 | €1,543 | €6,445 | +€4,903 | +317.8% |
| Suppliers | 440/4 | €1,543 | €6,445 | +€4,903 | +317.8% |
| Taxes, remuneration and social security | 45 | €3,377 | €2,507 | -€869 | -25.7% |
| Taxes | 450/3 | €3,377 | €2,507 | -€869 | -25.7% |
| Other amounts payable | 47/48 | €9,489 | €3,206 | -€6,283 | -66.2% |
| Accrued charges and deferred income | 492/3 | - | €92 | +€92 | |
| Non-recurring operating income | 76A | - | €9,332 | +€9,332 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,682 | €3,650 | +€968 | +36.1% |
| Other operating charges | 640/8 | €615 | €1,840 | +€1,225 | +199.3% |
| Non-recurring operating charges | 66A | €179 | - | -€179 | |
| Gross operating margin | 9900 | -€13,705 | €2,310 | +€16,014 | |
| Operating profit (loss) | 9901 | -€17,181 | -€3,180 | +€14,001 | +81.5% |
| Financial income | 75/76B | €82 | €10,137 | +€10,056 | +12338.5% |
| Recurring financial income | 75 | €82 | €448 | +€367 | +449.8% |
| Non-recurring financial income | 76B | - | €9,689 | +€9,689 | |
| Financial charges | 65/66B | €130 | €476 | +€347 | +267.5% |
| Recurring financial charges | 65 | €130 | €476 | +€347 | +267.5% |
| Profit (loss) for the period before taxes | 9903 | -€17,229 | €6,481 | +€23,710 | |
| Income taxes | 67/77 | €412 | €304 | -€108 | -26.2% |
| Profit (loss) for the period | 9904 | -€17,641 | €6,177 | +€23,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,641 | €6,177 | +€23,818 |
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 11 October 2026 via checked.be.