QUICK: 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.
QUICK
Largest movements
- Cash +€13,441
up €13,441 (+72.3%), from €18,588 to €32,029
mainly Net result for the year (+€16,488) and Accrued charges and deferred income (+€2,304)
- Reserves +€9,879
up €9,879 (+13.6%), from €72,697 to €82,576
of which Distributable reserves: +€9,879
- Accrued charges and deferred income +€2,304
up €2,304 (+173%), from €1,335 to €3,639
- Gross operating margin -€4,590
down €4,590 (-8.6%), from €53,326 to €48,736
- Staff costs -€3,160
down €3,160 (-13.6%), from €23,307 to €20,147
- Taxes -€1,216
down €1,216 (-12.8%), from €9,472 to €8,256
- Depreciation -€554
down €554 (-38.6%), from €1,434 to €880
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 | €105,026 | €117,038 | +€12,012 | +11.4% |
| Fixed assets | 21/28 | €75,654 | €74,774 | -€880 | -1.2% |
| Tangible fixed assets | 22/27 | €75,654 | €74,774 | -€880 | -1.2% |
| Land and buildings | 22 | €73,834 | €73,834 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,363 | €940 | -€423 | -31.0% |
| Furniture and vehicles | 24 | €457 | - | -€457 | |
| Current assets | 29/58 | €29,372 | €42,264 | +€12,893 | +43.9% |
| Amounts receivable within one year | 40/41 | €7,786 | €7,325 | -€460 | -5.9% |
| Trade receivables | 40 | €2,426 | €3,761 | +€1,335 | +55.0% |
| Other amounts receivable | 41 | €5,359 | €3,564 | -€1,795 | -33.5% |
| Cash at bank and in hand | 54/58 | €18,588 | €32,029 | +€13,441 | +72.3% |
| Deferred charges and accrued income | 490/1 | €2,998 | €2,910 | -€88 | -2.9% |
| Total equity and liabilities | 10/49 | €105,026 | €117,038 | +€12,012 | +11.4% |
| Equity | 10/15 | €91,297 | €101,176 | +€9,879 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,697 | €82,576 | +€9,879 | +13.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,837 | €80,716 | +€9,879 | +13.9% |
| Amounts payable | 17/49 | €13,729 | €15,862 | +€2,133 | +15.5% |
| Amounts payable within one year | 42/48 | €12,394 | €12,224 | -€171 | -1.4% |
| Trade debts | 44 | €3,987 | €3,101 | -€887 | -22.2% |
| Suppliers | 440/4 | €3,987 | €3,101 | -€887 | -22.2% |
| Taxes, remuneration and social security | 45 | €8,407 | €9,123 | +€716 | +8.5% |
| Taxes | 450/3 | €4,470 | €6,778 | +€2,307 | +51.6% |
| Remuneration and social security | 454/9 | €3,937 | €2,345 | -€1,592 | -40.4% |
| Accrued charges and deferred income | 492/3 | €1,335 | €3,639 | +€2,304 | +173% |
| Remuneration, social security and pensions | 62 | €23,307 | €20,147 | -€3,160 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,434 | €880 | -€554 | -38.6% |
| Other operating charges | 640/8 | €1,967 | €2,326 | +€359 | +18.2% |
| Gross operating margin | 9900 | €53,326 | €48,736 | -€4,590 | -8.6% |
| Operating profit (loss) | 9901 | €26,618 | €25,383 | -€1,235 | -4.6% |
| Financial income | 75/76B | €137 | €134 | -€3 | -2.2% |
| Recurring financial income | 75 | €137 | €134 | -€3 | -2.2% |
| Financial charges | 65/66B | €1,023 | €774 | -€250 | -24.4% |
| Recurring financial charges | 65 | €1,023 | €774 | -€250 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €25,732 | €24,743 | -€989 | -3.8% |
| Income taxes | 67/77 | €9,472 | €8,256 | -€1,216 | -12.8% |
| Profit (loss) for the period | 9904 | €16,261 | €16,488 | +€227 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,261 | €16,488 | +€227 | +1.4% |
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.