R&E: 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&E
Largest movements
- Cash +€12,306
up €12,306 (+54.2%), from €22,691 to €34,998
mainly Receivables within one year (+€4,220) and Net result for the year (+€3,718)
- Receivables within one year -€4,220
down €4,220 (-51.0%), from €8,281 to €4,061
of which Trade receivables: -€3,310
- Tangible fixed assets -€1,118
down €1,118 (-41.0%), from €2,725 to €1,606
- Reserves +€3,718
up €3,718 (+21.6%), from €17,245 to €20,964
- Tax, wage and social debts +€3,493
up €3,493 (+51.3%), from €6,809 to €10,302
- Gross operating margin -€10,855
down €10,855 (-56.3%), from €19,290 to €8,435
- Taxes -€1,748
down €1,748 (-33.4%), from €5,241 to €3,493
- Depreciation +€488
up €488 (+77.4%), from €630 to €1,118
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 | €33,804 | €40,772 | +€6,968 | +20.6% |
| Fixed assets | 21/28 | €2,725 | €1,606 | -€1,118 | -41.0% |
| Tangible fixed assets | 22/27 | €2,725 | €1,606 | -€1,118 | -41.0% |
| Plant, machinery and equipment | 23 | €2,725 | €1,606 | -€1,118 | -41.0% |
| Current assets | 29/58 | €31,080 | €39,166 | +€8,086 | +26.0% |
| Amounts receivable within one year | 40/41 | €8,281 | €4,061 | -€4,220 | -51.0% |
| Trade receivables | 40 | €7,160 | €3,850 | -€3,310 | -46.2% |
| Other amounts receivable | 41 | €1,121 | €211 | -€910 | -81.2% |
| Cash at bank and in hand | 54/58 | €22,691 | €34,998 | +€12,306 | +54.2% |
| Deferred charges and accrued income | 490/1 | €107 | €107 | = | 0.0% |
| Total equity and liabilities | 10/49 | €33,804 | €40,772 | +€6,968 | +20.6% |
| Equity | 10/15 | €19,745 | €23,464 | +€3,718 | +18.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €17,245 | €20,964 | +€3,718 | +21.6% |
| Distributable reserves | 133 | €17,245 | €20,964 | +€3,718 | +21.6% |
| Amounts payable | 17/49 | €14,059 | €17,308 | +€3,250 | +23.1% |
| Amounts payable within one year | 42/48 | €14,059 | €17,308 | +€3,250 | +23.1% |
| Taxes, remuneration and social security | 45 | €6,809 | €10,302 | +€3,493 | +51.3% |
| Taxes | 450/3 | €6,809 | €10,302 | +€3,493 | +51.3% |
| Other amounts payable | 47/48 | €7,250 | €7,007 | -€243 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €630 | €1,118 | +€488 | +77.4% |
| Gross operating margin | 9900 | €19,290 | €8,435 | -€10,855 | -56.3% |
| Operating profit (loss) | 9901 | €18,659 | €7,317 | -€11,342 | -60.8% |
| Financial charges | 65/66B | €40 | €106 | +€66 | +166% |
| Recurring financial charges | 65 | €40 | €106 | +€66 | +166% |
| Profit (loss) for the period before taxes | 9903 | €18,620 | €7,211 | -€11,409 | -61.3% |
| Income taxes | 67/77 | €5,241 | €3,493 | -€1,748 | -33.4% |
| Profit (loss) for the period | 9904 | €13,379 | €3,718 | -€9,660 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,379 | €3,718 | -€9,660 | -72.2% |
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 16 October 2026 via checked.be.