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
- Cash +€21,399
up €21,399 (+108%), from €19,812 to €41,211
mainly Net result for the year (+€25,659) and Other debts (+€1,057)
- Reserves +€24,826
up €24,826 (+99.6%), from €24,924 to €49,750
- Tax, wage and social debts -€5,209
down €5,209 (-56.1%), from €9,284 to €4,075
- Other debts +€1,057
up €1,057 (+19.1%), from €5,524 to €6,581
No income-statement line moved by more than 1% of the activity.
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 | €41,895 | €63,024 | +€21,129 | +50.4% |
| Fixed assets | 21/28 | €822 | €489 | -€333 | -40.6% |
| Tangible fixed assets | 22/27 | €822 | €489 | -€333 | -40.6% |
| Plant, machinery and equipment | 23 | €822 | €489 | -€333 | -40.6% |
| Current assets | 29/58 | €41,073 | €62,536 | +€21,462 | +52.3% |
| Amounts receivable within one year | 40/41 | €20,700 | €20,763 | +€63 | +0.3% |
| Trade receivables | 40 | €17,348 | €14,109 | -€3,240 | -18.7% |
| Other amounts receivable | 41 | €3,352 | €6,655 | +€3,303 | +98.5% |
| Cash at bank and in hand | 54/58 | €19,812 | €41,211 | +€21,399 | +108% |
| Deferred charges and accrued income | 490/1 | €561 | €561 | = | 0.0% |
| Total equity and liabilities | 10/49 | €41,895 | €63,024 | +€21,129 | +50.4% |
| Equity | 10/15 | €25,924 | €50,750 | +€24,826 | +95.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €24,924 | €49,750 | +€24,826 | +99.6% |
| Distributable reserves | 133 | €24,924 | €49,750 | +€24,826 | +99.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €15,971 | €12,274 | -€3,697 | -23.1% |
| Amounts payable within one year | 42/48 | €15,971 | €12,274 | -€3,697 | -23.1% |
| Financial debts | 43 | - | €3 | +€3 | |
| Other loans | 439 | - | €3 | +€3 | |
| Trade debts | 44 | €1,164 | €1,615 | +€452 | +38.8% |
| Suppliers | 440/4 | €1,164 | €1,615 | +€452 | +38.8% |
| Taxes, remuneration and social security | 45 | €9,284 | €4,075 | -€5,209 | -56.1% |
| Taxes | 450/3 | €9,284 | €4,075 | -€5,209 | -56.1% |
| Other amounts payable | 47/48 | €5,524 | €6,581 | +€1,057 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €333 | +€155 | +87.2% |
| Other operating charges | 640/8 | €141 | €0 | -€141 | -100% |
| Gross operating margin | 9900 | €32,804 | €32,948 | +€144 | +0.4% |
| Operating profit (loss) | 9901 | €32,486 | €32,615 | +€129 | +0.4% |
| Financial charges | 65/66B | €54 | €56 | +€1 | +2.2% |
| Recurring financial charges | 65 | €54 | €56 | +€1 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €32,431 | €32,559 | +€128 | +0.4% |
| Income taxes | 67/77 | €6,648 | €6,900 | +€252 | +3.8% |
| Profit (loss) for the period | 9904 | €25,783 | €25,659 | -€124 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,783 | €25,659 | -€124 | -0.5% |
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 24 October 2026 via checked.be.