Q: 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.
Q
Largest movements
- Receivables within one year +€13,780
up €13,780 (+1,085%), from €1,270 to €15,050
of which Trade receivables: +€15,050
- Tangible fixed assets -€3,860
down €3,860 (-40.0%), from €9,660 to €5,801
of which Furniture and vehicles: -€4,260
- Cash +€3,309
up €3,309 (+33.6%), from €9,864 to €13,173
mainly Net result for the year (+€13,996) and Trade debts (+€6,334)
- Profit (loss) carried forward +€13,163
up €13,163 (+302%), from €4,354 to €17,518
- Trade debts +€6,334
up €6,334 (+8,446%), from €75 to €6,409
- Debts after one year -€4,909
no longer reported in 2025 (was €4,909)
- Tax, wage and social debts -€3,034
down €3,034 (-56.2%), from €5,400 to €2,365
of which Remuneration and social security: -€5,097
- Current portion of long-term debt +€1,647
up €1,647 (+50.5%), from €3,263 to €4,909
- Gross operating margin +€15,406
up €15,406 (+107%), from €14,377 to €29,782
- Staff costs +€3,991
new in 2025: €3,991
- Taxes +€1,830
up €1,830 (+55.7%), from €3,286 to €5,116
- Other operating charges +€596
up €596 (+108%), from €550 to €1,146
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 | €21,584 | €34,785 | +€13,201 | +61.2% |
| Fixed assets | 21/28 | €9,660 | €5,801 | -€3,860 | -40.0% |
| Tangible fixed assets | 22/27 | €9,660 | €5,801 | -€3,860 | -40.0% |
| Furniture and vehicles | 24 | €9,660 | €5,401 | -€4,260 | -44.1% |
| Assets under construction and advance payments | 27 | - | €400 | +€400 | |
| Current assets | 29/58 | €11,923 | €28,984 | +€17,060 | +143% |
| Amounts receivable within one year | 40/41 | €1,270 | €15,050 | +€13,780 | +1,085% |
| Trade receivables | 40 | - | €15,050 | +€15,050 | |
| Other amounts receivable | 41 | €1,270 | - | -€1,270 | |
| Cash at bank and in hand | 54/58 | €9,864 | €13,173 | +€3,309 | +33.6% |
| Deferred charges and accrued income | 490/1 | €789 | €760 | -€29 | -3.7% |
| Total equity and liabilities | 10/49 | €21,584 | €34,785 | +€13,201 | +61.2% |
| Equity | 10/15 | €7,354 | €20,518 | +€13,163 | +179% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,354 | €17,518 | +€13,163 | +302% |
| Amounts payable | 17/49 | €14,230 | €14,267 | +€37 | +0.3% |
| Amounts payable after more than one year | 17 | €4,909 | - | -€4,909 | |
| Financial debts | 170/4 | €4,909 | - | -€4,909 | |
| Amounts payable within one year | 42/48 | €9,320 | €14,267 | +€4,947 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €3,263 | €4,909 | +€1,647 | +50.5% |
| Trade debts | 44 | €75 | €6,409 | +€6,334 | +8,446% |
| Suppliers | 440/4 | €75 | €6,409 | +€6,334 | +8,446% |
| Taxes, remuneration and social security | 45 | €5,400 | €2,365 | -€3,034 | -56.2% |
| Taxes | 450/3 | €302 | €2,365 | +€2,063 | +682% |
| Remuneration and social security | 454/9 | €5,097 | - | -€5,097 | |
| Other amounts payable | 47/48 | €583 | €583 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €3,991 | +€3,991 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,830 | €4,830 | = | 0.0% |
| Other operating charges | 640/8 | €550 | €1,146 | +€596 | +108% |
| Gross operating margin | 9900 | €14,377 | €29,782 | +€15,406 | +107% |
| Operating profit (loss) | 9901 | €8,998 | €19,816 | +€10,818 | +120% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €525 | €718 | +€193 | +36.7% |
| Recurring financial charges | 65 | €525 | €718 | +€193 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | €8,473 | €19,112 | +€10,639 | +126% |
| Income taxes | 67/77 | €3,286 | €5,116 | +€1,830 | +55.7% |
| Profit (loss) for the period | 9904 | €5,187 | €13,996 | +€8,809 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €5,187 | €13,996 | +€8,809 | +170% |
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 17 October 2026 via checked.be.