R & C: 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.
R & C
Largest movements
- Tangible fixed assets +€38,802
up €38,802 (+548%), from €7,085 to €45,887
of which Furniture and vehicles: +€44,127
- Receivables within one year +€15,083
up €15,083 (+484%), from €3,113 to €18,197
of which Trade receivables: +€12,706
- Cash +€2,687
up €2,687 (+8.3%), from €32,422 to €35,109
mainly Debts after one year (+€28,756) and Depreciation (+€12,238)
- Debts after one year +€28,756
new in 2025: €28,756
- Current portion of long-term debt +€11,136
new in 2025: €11,136
- Other debts +€10,514
new in 2025: €10,514
- Profit (loss) carried forward +€4,351
up €4,351 (+344%), from €1,263 to €5,614
- Tax, wage and social debts +€1,926
up €1,926 (+39.4%), from €4,886 to €6,812
of which Remuneration and social security: +€2,201
- Staff costs -€9,694
down €9,694 (-16.8%), from €57,613 to €47,919
- Depreciation +€5,038
up €5,038 (+70.0%), from €7,199 to €12,238
- Taxes +€2,151
up €2,151 (+294%), from €733 to €2,884
- Gross operating margin +€1,016
up €1,016 (+1.5%), from €69,992 to €71,008
- Financial charges +€992
up €992 (+797%), from €125 to €1,117
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 | €45,052 | €102,640 | +€57,588 | +128% |
| Fixed assets | 21/28 | €7,495 | €47,297 | +€39,802 | +531% |
| Tangible fixed assets | 22/27 | €7,085 | €45,887 | +€38,802 | +548% |
| Furniture and vehicles | 24 | €629 | €44,756 | +€44,127 | +7,012% |
| Other tangible fixed assets | 26 | €6,456 | €1,131 | -€5,325 | -82.5% |
| Financial fixed assets | 28 | €410 | €1,410 | +€1,000 | +244% |
| Current assets | 29/58 | €37,557 | €55,343 | +€17,786 | +47.4% |
| Amounts receivable within one year | 40/41 | €3,113 | €18,197 | +€15,083 | +484% |
| Trade receivables | 40 | - | €12,706 | +€12,706 | |
| Other amounts receivable | 41 | €3,113 | €5,491 | +€2,377 | +76.4% |
| Cash at bank and in hand | 54/58 | €32,422 | €35,109 | +€2,687 | +8.3% |
| Deferred charges and accrued income | 490/1 | €2,021 | €2,037 | +€16 | +0.8% |
| Total equity and liabilities | 10/49 | €45,052 | €102,640 | +€57,588 | +128% |
| Equity | 10/15 | €36,377 | €40,728 | +€4,351 | +12.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,113 | €5,113 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,113 | €2,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,263 | €5,614 | +€4,351 | +344% |
| Amounts payable | 17/49 | €8,675 | €61,913 | +€53,237 | +614% |
| Amounts payable after more than one year | 17 | - | €28,756 | +€28,756 | |
| Financial debts | 170/4 | - | €28,756 | +€28,756 | |
| Amounts payable within one year | 42/48 | €8,675 | €33,157 | +€24,482 | +282% |
| Current portion of amounts payable after more than one year | 42 | - | €11,136 | +€11,136 | |
| Trade debts | 44 | €3,789 | €4,695 | +€906 | +23.9% |
| Suppliers | 440/4 | €3,789 | €4,695 | +€906 | +23.9% |
| Taxes, remuneration and social security | 45 | €4,886 | €6,812 | +€1,926 | +39.4% |
| Taxes | 450/3 | €275 | - | -€275 | |
| Remuneration and social security | 454/9 | €4,611 | €6,812 | +€2,201 | +47.7% |
| Other amounts payable | 47/48 | - | €10,514 | +€10,514 | |
| Remuneration, social security and pensions | 62 | €57,613 | €47,919 | -€9,694 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,199 | €12,238 | +€5,038 | +70.0% |
| Other operating charges | 640/8 | €3,116 | €2,506 | -€610 | -19.6% |
| Gross operating margin | 9900 | €69,992 | €71,008 | +€1,016 | +1.5% |
| Operating profit (loss) | 9901 | €2,064 | €8,345 | +€6,281 | +304% |
| Financial income | 75/76B | €2 | €6 | +€4 | +251% |
| Recurring financial income | 75 | €2 | €6 | +€4 | +251% |
| Financial charges | 65/66B | €125 | €1,117 | +€992 | +797% |
| Recurring financial charges | 65 | €125 | €1,117 | +€992 | +797% |
| Profit (loss) for the period before taxes | 9903 | €1,941 | €7,235 | +€5,294 | +273% |
| Income taxes | 67/77 | €733 | €2,884 | +€2,151 | +294% |
| Profit (loss) for the period | 9904 | €1,208 | €4,351 | +€3,143 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €1,208 | €4,351 | +€3,143 | +260% |
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.