Purpose First: 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.
Purpose First
Largest movements
- Cash +€72,930
up €72,930 (+22.6%), from €322,866 to €395,795
mainly Net result for the year (+€124,007) and Trade debts (+€1,595)
- Receivables within one year +€22,258
up €22,258 (+33.3%), from €66,941 to €89,199
of which Trade receivables: +€21,192
- Stocks and contracts +€6,600
up €6,600 (+48.9%), from €13,507 to €20,107
- Reserves +€124,007
up €124,007 (+36.4%), from €340,653 to €464,660
- Tax, wage and social debts -€22,862
down €22,862 (-39.9%), from €57,317 to €34,454
- Gross operating margin -€66,243
down €66,243 (-28.9%), from €229,401 to €163,159
- Taxes -€14,996
down €14,996 (-28.4%), from €52,806 to €37,811
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 | €403,313 | €505,533 | +€102,219 | +25.3% |
| Fixed assets | 21/28 | - | €250 | +€250 | |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €403,313 | €505,283 | +€101,969 | +25.3% |
| Stocks and contracts in progress | 3 | €13,507 | €20,107 | +€6,600 | +48.9% |
| Stocks | 30/36 | €13,507 | €20,107 | +€6,600 | +48.9% |
| Amounts receivable within one year | 40/41 | €66,941 | €89,199 | +€22,258 | +33.3% |
| Trade receivables | 40 | €66,941 | €88,133 | +€21,192 | +31.7% |
| Other amounts receivable | 41 | €0 | €1,066 | +€1,066 | |
| Cash at bank and in hand | 54/58 | €322,866 | €395,795 | +€72,930 | +22.6% |
| Deferred charges and accrued income | 490/1 | €0 | €181 | +€181 | |
| Total equity and liabilities | 10/49 | €403,313 | €505,533 | +€102,219 | +25.3% |
| Equity | 10/15 | €343,653 | €467,660 | +€124,007 | +36.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €340,653 | €464,660 | +€124,007 | +36.4% |
| Distributable reserves | 133 | €340,653 | €464,660 | +€124,007 | +36.4% |
| Amounts payable | 17/49 | €59,660 | €37,873 | -€21,788 | -36.5% |
| Amounts payable within one year | 42/48 | €59,660 | €37,873 | -€21,788 | -36.5% |
| Trade debts | 44 | €1,823 | €3,418 | +€1,595 | +87.5% |
| Suppliers | 440/4 | €1,823 | €3,418 | +€1,595 | +87.5% |
| Taxes, remuneration and social security | 45 | €57,317 | €34,454 | -€22,862 | -39.9% |
| Taxes | 450/3 | €57,317 | €34,454 | -€22,862 | -39.9% |
| Other amounts payable | 47/48 | €521 | €0 | -€521 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | - | €1,043 | +€1,043 | |
| Gross operating margin | 9900 | €229,401 | €163,159 | -€66,243 | -28.9% |
| Operating profit (loss) | 9901 | €229,401 | €162,116 | -€67,286 | -29.3% |
| Financial income | 75/76B | €3 | €1 | -€2 | -64.1% |
| Recurring financial income | 75 | €3 | €1 | -€2 | -64.1% |
| Financial charges | 65/66B | €281 | €299 | +€18 | +6.5% |
| Recurring financial charges | 65 | €281 | €299 | +€18 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €229,124 | €161,818 | -€67,306 | -29.4% |
| Income taxes | 67/77 | €52,806 | €37,811 | -€14,996 | -28.4% |
| Profit (loss) for the period | 9904 | €176,317 | €124,007 | -€52,310 | -29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €176,317 | €124,007 | -€52,310 | -29.7% |
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 15 October 2026 via checked.be.