R: 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.
R
Largest movements
- Receivables within one year +€7,635
up €7,635 (+159.8%), from €4,777 to €12,412
of which Trade receivables: +€6,366
- Cash +€6,642
up €6,642 (+32.0%), from €20,767 to €27,409
mainly Net result for the year (+€12,219) and Trade debts (+€5,797)
- Tangible fixed assets +€2,278
up €2,278 (+26.9%), from €8,483 to €10,761
of which Furniture and vehicles: +€2,463
- Deferred charges and accrued income +€630
up €630 (+88.7%), from €710 to €1,339
- Profit (loss) carried forward +€12,219
up €12,219, from -€10,574 to €1,644
- Trade debts +€5,797
up €5,797 (+337.6%), from €1,717 to €7,514
- Other debts -€814
down €814 (-3.8%), from €21,647 to €20,833
- Staff costs -€17,706
no longer reported in 2025 (was €17,706)
- Gross operating margin -€5,850
down €5,850 (-21.7%), from €27,003 to €21,153
- Taxes +€3,813
up €3,813 (+1884.7%), from €202 to €4,015
- Financial charges +€641
up €641 (+220.0%), from €292 to €933
- Other operating charges +€402
up €402 (+33.7%), from €1,191 to €1,593
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 | €34,736 | €51,922 | +€17,185 | +49.5% |
| Fixed assets | 21/28 | €8,483 | €10,761 | +€2,278 | +26.9% |
| Tangible fixed assets | 22/27 | €8,483 | €10,761 | +€2,278 | +26.9% |
| Plant, machinery and equipment | 23 | €8,483 | €8,298 | -€185 | -2.2% |
| Furniture and vehicles | 24 | - | €2,463 | +€2,463 | |
| Current assets | 29/58 | €26,254 | €41,161 | +€14,907 | +56.8% |
| Amounts receivable within one year | 40/41 | €4,777 | €12,412 | +€7,635 | +159.8% |
| Trade receivables | 40 | €4,479 | €10,846 | +€6,366 | +142.1% |
| Other amounts receivable | 41 | €298 | €1,567 | +€1,269 | +426.3% |
| Cash at bank and in hand | 54/58 | €20,767 | €27,409 | +€6,642 | +32.0% |
| Deferred charges and accrued income | 490/1 | €710 | €1,339 | +€630 | +88.7% |
| Total equity and liabilities | 10/49 | €34,736 | €51,922 | +€17,185 | +49.5% |
| Equity | 10/15 | €8,066 | €20,285 | +€12,219 | +151.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €48 | €48 | = | 0.0% |
| Distributable reserves | 133 | €48 | €48 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,574 | €1,644 | +€12,219 | |
| Amounts payable | 17/49 | €26,670 | €31,637 | +€4,967 | +18.6% |
| Amounts payable within one year | 42/48 | €26,670 | €31,637 | +€4,967 | +18.6% |
| Trade debts | 44 | €1,717 | €7,514 | +€5,797 | +337.6% |
| Suppliers | 440/4 | €1,717 | €7,514 | +€5,797 | +337.6% |
| Taxes, remuneration and social security | 45 | €3,306 | €3,290 | -€16 | -0.5% |
| Taxes | 450/3 | €3,306 | €3,290 | -€16 | -0.5% |
| Other amounts payable | 47/48 | €21,647 | €20,833 | -€814 | -3.8% |
| Remuneration, social security and pensions | 62 | €17,706 | - | -€17,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,212 | €2,399 | +€187 | +8.4% |
| Other operating charges | 640/8 | €1,191 | €1,593 | +€402 | +33.7% |
| Gross operating margin | 9900 | €27,003 | €21,153 | -€5,850 | -21.7% |
| Operating profit (loss) | 9901 | €5,894 | €17,161 | +€11,267 | +191.1% |
| Financial income | 75/76B | €1 | €5 | +€5 | +593.5% |
| Recurring financial income | 75 | €1 | €5 | +€5 | +593.5% |
| Financial charges | 65/66B | €292 | €933 | +€641 | +220.0% |
| Recurring financial charges | 65 | €292 | €933 | +€641 | +220.0% |
| Profit (loss) for the period before taxes | 9903 | €5,604 | €16,234 | +€10,630 | +189.7% |
| Income taxes | 67/77 | €202 | €4,015 | +€3,813 | +1884.7% |
| Profit (loss) for the period | 9904 | €5,401 | €12,219 | +€6,817 | +126.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,401 | €12,219 | +€6,817 | +126.2% |
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 30 September 2026 via checked.be.