PSEUDOCODES: 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.
PSEUDOCODES
Largest movements
- Cash +€23,654
up €23,654 (+45.3%), from €52,218 to €75,872
mainly Net result for the year (+€31,598) and Other debts (+€908)
- Reserves +€31,598
up €31,598 (+66.8%), from €47,318 to €78,916
- Tax, wage and social debts -€8,185
down €8,185 (-79.5%), from €10,291 to €2,106
- Other debts +€908
up €908 (+36.3%), from €2,503 to €3,411
- Gross operating margin +€6,751
up €6,751 (+18.0%), from €37,533 to €44,284
- Taxes +€1,815
up €1,815 (+17.6%), from €10,291 to €12,106
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 | €63,963 | €87,433 | +€23,470 | +36.7% |
| Fixed assets | 21/28 | €108 | €108 | = | 0.0% |
| Financial fixed assets | 28 | €108 | €108 | = | 0.0% |
| Current assets | 29/58 | €63,855 | €87,325 | +€23,470 | +36.8% |
| Amounts receivable within one year | 40/41 | €11,133 | €10,944 | -€189 | -1.7% |
| Trade receivables | 40 | €10,218 | €10,000 | -€218 | -2.1% |
| Other amounts receivable | 41 | €915 | €944 | +€29 | +3.2% |
| Cash at bank and in hand | 54/58 | €52,218 | €75,872 | +€23,654 | +45.3% |
| Deferred charges and accrued income | 490/1 | €504 | €509 | +€5 | +1.0% |
| Total equity and liabilities | 10/49 | €63,963 | €87,433 | +€23,470 | +36.7% |
| Equity | 10/15 | €50,318 | €81,916 | +€31,598 | +62.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,318 | €78,916 | +€31,598 | +66.8% |
| Distributable reserves | 133 | €47,318 | €78,916 | +€31,598 | +66.8% |
| Amounts payable | 17/49 | €13,645 | €5,517 | -€8,128 | -59.6% |
| Amounts payable within one year | 42/48 | €13,645 | €5,517 | -€8,128 | -59.6% |
| Trade debts | 44 | €851 | - | -€851 | |
| Suppliers | 440/4 | €851 | - | -€851 | |
| Taxes, remuneration and social security | 45 | €10,291 | €2,106 | -€8,185 | -79.5% |
| Taxes | 450/3 | €10,291 | €2,106 | -€8,185 | -79.5% |
| Other amounts payable | 47/48 | €2,503 | €3,411 | +€908 | +36.3% |
| Other operating charges | 640/8 | €387 | €444 | +€57 | +14.7% |
| Gross operating margin | 9900 | €37,533 | €44,284 | +€6,751 | +18.0% |
| Operating profit (loss) | 9901 | €37,146 | €43,840 | +€6,694 | +18.0% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €117 | €136 | +€19 | +16.2% |
| Recurring financial charges | 65 | €117 | €136 | +€19 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €37,043 | €43,704 | +€6,661 | +18.0% |
| Income taxes | 67/77 | €10,291 | €12,106 | +€1,815 | +17.6% |
| Profit (loss) for the period | 9904 | €26,752 | €31,598 | +€4,846 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €26,752 | €31,598 | +€4,846 | +18.1% |
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.