@quico: 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.
@quico
Largest movements
- Cash +€35,051
up €35,051 (+184.1%), from €19,040 to €54,091
mainly Net result for the year (+€70,108) and Depreciation (+€17,525)
- Receivables within one year +€21,311
up €21,311 (+49.0%), from €43,458 to €64,770
of which Trade receivables: +€21,659
- Tangible fixed assets -€17,525
down €17,525 (-18.2%), from €96,174 to €78,649
of which Furniture and vehicles: -€15,540
- Receivables after one year +€5,000
up €5,000 (+6.9%), from €72,500 to €77,500
- Reserves +€70,108
up €70,108 (+728.0%), from €9,630 to €79,737
of which Distributable reserves: +€70,108
- Debts after one year -€20,967
down €20,967 (-35.4%), from €59,288 to €38,321
- Other debts -€5,801
down €5,801 (-46.2%), from €12,552 to €6,751
- Gross operating margin +€92,665
up €92,665 (+87.6%), from €105,834 to €198,499
- Taxes +€23,582
up €23,582 (+368.8%), from €6,394 to €29,976
- Staff costs +€6,059
up €6,059 (+8.7%), from €69,854 to €75,913
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 | €234,491 | €276,677 | +€42,186 | +18.0% |
| Fixed assets | 21/28 | €96,537 | €79,012 | -€17,525 | -18.2% |
| Tangible fixed assets | 22/27 | €96,174 | €78,649 | -€17,525 | -18.2% |
| Land and buildings | 22 | €33,107 | €32,024 | -€1,083 | -3.3% |
| Plant, machinery and equipment | 23 | €902 | €0 | -€902 | -100.0% |
| Furniture and vehicles | 24 | €62,165 | €46,625 | -€15,540 | -25.0% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €137,954 | €197,665 | +€59,711 | +43.3% |
| Amounts receivable after more than one year | 29 | €72,500 | €77,500 | +€5,000 | +6.9% |
| Other amounts receivable | 291 | €72,500 | €77,500 | +€5,000 | +6.9% |
| Amounts receivable within one year | 40/41 | €43,458 | €64,770 | +€21,311 | +49.0% |
| Trade receivables | 40 | €40,358 | €62,018 | +€21,659 | +53.7% |
| Other amounts receivable | 41 | €3,100 | €2,752 | -€348 | -11.2% |
| Cash at bank and in hand | 54/58 | €19,040 | €54,091 | +€35,051 | +184.1% |
| Deferred charges and accrued income | 490/1 | €2,955 | €1,303 | -€1,652 | -55.9% |
| Total equity and liabilities | 10/49 | €234,491 | €276,677 | +€42,186 | +18.0% |
| Equity | 10/15 | €101,860 | €171,968 | +€70,108 | +68.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €9,630 | €79,737 | +€70,108 | +728.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €9,630 | €79,737 | +€70,108 | +728.0% |
| Profit (loss) carried forward | 14 | €92,130 | €92,130 | = | 0.0% |
| Amounts payable | 17/49 | €132,631 | €104,709 | -€27,922 | -21.1% |
| Amounts payable after more than one year | 17 | €59,288 | €38,321 | -€20,967 | -35.4% |
| Financial debts | 170/4 | €59,288 | €38,321 | -€20,967 | -35.4% |
| Amounts payable within one year | 42/48 | €73,342 | €66,388 | -€6,955 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €7,767 | €8,153 | +€386 | +5.0% |
| Financial debts | 43 | €12,382 | €12,814 | +€432 | +3.5% |
| Credit institutions | 430/8 | €12,382 | €12,814 | +€432 | +3.5% |
| Trade debts | 44 | €12,546 | €13,010 | +€465 | +3.7% |
| Suppliers | 440/4 | €12,546 | €13,010 | +€465 | +3.7% |
| Taxes, remuneration and social security | 45 | €28,096 | €25,660 | -€2,436 | -8.7% |
| Taxes | 450/3 | €16,396 | €13,227 | -€3,169 | -19.3% |
| Remuneration and social security | 454/9 | €11,700 | €12,432 | +€733 | +6.3% |
| Other amounts payable | 47/48 | €12,552 | €6,751 | -€5,801 | -46.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €69,854 | €75,913 | +€6,059 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,607 | €17,525 | +€1,918 | +12.3% |
| Other operating charges | 640/8 | €547 | €1,351 | +€805 | +147.2% |
| Non-recurring operating charges | 66A | €843 | €299 | -€544 | -64.6% |
| Gross operating margin | 9900 | €105,834 | €198,499 | +€92,665 | +87.6% |
| Operating profit (loss) | 9901 | €18,984 | €103,412 | +€84,428 | +444.7% |
| Financial income | 75/76B | €5 | €131 | +€126 | +2681.1% |
| Recurring financial income | 75 | €5 | €131 | +€126 | +2681.1% |
| Financial charges | 65/66B | €3,362 | €3,458 | +€97 | +2.9% |
| Recurring financial charges | 65 | €3,362 | €3,458 | +€97 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €15,627 | €100,084 | +€84,457 | +540.5% |
| Income taxes | 67/77 | €6,394 | €29,976 | +€23,582 | +368.8% |
| Profit (loss) for the period | 9904 | €9,233 | €70,108 | +€60,875 | +659.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,233 | €70,108 | +€60,875 | +659.3% |
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 12 October 2026 via checked.be.