Push and Pull: what changed
Two fiscal 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.
Push and Pull
Largest movements
- Deferred charges and accrued income -€42,888
down €42,888 (-100.0%), from €42,888 to €0
- Receivables within one year +€17,650
up €17,650 (+649.2%), from €2,719 to €20,369
of which Trade receivables: +€17,247
- Cash +€10,142
up €10,142 (+69.5%), from €14,603 to €24,745
mainly Deferred charges and accrued income (+€42,888) and Net result for the year (+€40,867)
- Tangible fixed assets -€9,026
down €9,026 (-4.0%), from €226,000 to €216,974
- Other debts -€74,009
down €74,009 (-32.4%), from €228,356 to €154,348
- Reserves +€40,867
up €40,867 (+113.4%), from €36,024 to €76,891
- Tax, wage and social debts +€14,310
up €14,310 (+105.7%), from €13,537 to €27,848
- Trade debts -€5,290
down €5,290 (-72.6%), from €7,292 to €2,002
- Gross operating margin +€17,012
up €17,012 (+26.7%), from €63,759 to €80,772
- Depreciation +€10,611
up €10,611 (+75.8%), from €14,000 to €24,611
- Taxes +€1,117
up €1,117 (+8.4%), from €13,365 to €14,482
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 | €286,210 | €262,088 | -€24,122 | -8.4% |
| Fixed assets | 21/28 | €226,000 | €216,974 | -€9,026 | -4.0% |
| Tangible fixed assets | 22/27 | €226,000 | €216,974 | -€9,026 | -4.0% |
| Furniture and vehicles | 24 | €226,000 | €216,974 | -€9,026 | -4.0% |
| Current assets | 29/58 | €60,210 | €45,114 | -€15,096 | -25.1% |
| Amounts receivable within one year | 40/41 | €2,719 | €20,369 | +€17,650 | +649.2% |
| Trade receivables | 40 | €1,233 | €18,480 | +€17,247 | +1398.7% |
| Other amounts receivable | 41 | €1,486 | €1,889 | +€403 | +27.2% |
| Cash at bank and in hand | 54/58 | €14,603 | €24,745 | +€10,142 | +69.5% |
| Deferred charges and accrued income | 490/1 | €42,888 | €0 | -€42,888 | -100.0% |
| Total equity and liabilities | 10/49 | €286,210 | €262,088 | -€24,122 | -8.4% |
| Equity | 10/15 | €37,024 | €77,891 | +€40,867 | +110.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,024 | €76,891 | +€40,867 | +113.4% |
| Distributable reserves | 133 | €36,024 | €76,891 | +€40,867 | +113.4% |
| Amounts payable | 17/49 | €249,186 | €184,197 | -€64,989 | -26.1% |
| Amounts payable within one year | 42/48 | €249,186 | €184,197 | -€64,989 | -26.1% |
| Trade debts | 44 | €7,292 | €2,002 | -€5,290 | -72.6% |
| Suppliers | 440/4 | €7,292 | €2,002 | -€5,290 | -72.6% |
| Taxes, remuneration and social security | 45 | €13,537 | €27,848 | +€14,310 | +105.7% |
| Taxes | 450/3 | €13,537 | €27,848 | +€14,310 | +105.7% |
| Other amounts payable | 47/48 | €228,356 | €154,348 | -€74,009 | -32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,000 | €24,611 | +€10,611 | +75.8% |
| Other operating charges | 640/8 | €239 | €746 | +€507 | +212.0% |
| Gross operating margin | 9900 | €63,759 | €80,772 | +€17,012 | +26.7% |
| Operating profit (loss) | 9901 | €49,520 | €55,415 | +€5,895 | +11.9% |
| Financial charges | 65/66B | €131 | €66 | -€64 | -49.3% |
| Recurring financial charges | 65 | €131 | €66 | -€64 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €49,389 | €55,349 | +€5,960 | +12.1% |
| Income taxes | 67/77 | €13,365 | €14,482 | +€1,117 | +8.4% |
| Profit (loss) for the period | 9904 | €36,024 | €40,867 | +€4,842 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,024 | €40,867 | +€4,842 | +13.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.