R.G.: 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.G.
Largest movements
- Cash +€13,511
up €13,511 (+56.8%), from €23,774 to €37,285
mainly Tax, wage and social debts (+€8,489) and Depreciation (+€4,639)
- Tangible fixed assets -€4,639
down €4,639 (-40.4%), from €11,493 to €6,854
of which Furniture and vehicles: -€4,241
- Deferred charges and accrued income -€1,500
no longer reported in 2025 (was €1,500)
- Stocks and contracts -€547
down €547 (-11.0%), from €4,961 to €4,414
- Tax, wage and social debts +€8,489
up €8,489 (+50.0%), from €16,975 to €25,464
of which Taxes: +€7,783
- Profit (loss) carried forward -€6,469
down €6,469 (-74.1%), from -€8,733 to -€15,202
- Trade debts +€2,242
up €2,242 (+57.5%), from €3,897 to €6,139
- Other debts +€1,876
up €1,876 (+34.4%), from €5,460 to €7,336
- Gross operating margin +€24,531
up €24,531 (+17.7%), from €138,269 to €162,800
- Turnover +€14,896
up €14,896 (+6.6%), from €225,100 to €239,996
- Staff costs +€14,713
up €14,713 (+10.0%), from €146,857 to €161,570
- Purchases and services -€8,809
down €8,809 (-10.1%), from €86,831 to €78,022
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 | €47,561 | €54,182 | +€6,621 | +13.9% |
| Fixed assets | 21/28 | €11,543 | €6,904 | -€4,639 | -40.2% |
| Tangible fixed assets | 22/27 | €11,493 | €6,854 | -€4,639 | -40.4% |
| Furniture and vehicles | 24 | €9,982 | €5,741 | -€4,241 | -42.5% |
| Other tangible fixed assets | 26 | €1,511 | €1,113 | -€398 | -26.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €36,018 | €47,278 | +€11,260 | +31.3% |
| Stocks and contracts in progress | 3 | €4,961 | €4,414 | -€547 | -11.0% |
| Stocks | 30/36 | €4,961 | €4,414 | -€547 | -11.0% |
| Amounts receivable within one year | 40/41 | €5,783 | €5,579 | -€204 | -3.5% |
| Trade receivables | 40 | €783 | €579 | -€204 | -26.1% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,774 | €37,285 | +€13,511 | +56.8% |
| Deferred charges and accrued income | 490/1 | €1,500 | - | -€1,500 | |
| Total equity and liabilities | 10/49 | €47,561 | €54,182 | +€6,621 | +13.9% |
| Equity | 10/15 | -€676 | -€7,145 | -€6,469 | -957.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,733 | -€15,202 | -€6,469 | -74.1% |
| Amounts payable | 17/49 | €48,237 | €61,327 | +€13,090 | +27.1% |
| Amounts payable within one year | 42/48 | €29,862 | €42,502 | +€12,640 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €3,530 | €3,563 | +€33 | +0.9% |
| Trade debts | 44 | €3,897 | €6,139 | +€2,242 | +57.5% |
| Suppliers | 440/4 | €3,897 | €6,139 | +€2,242 | +57.5% |
| Taxes, remuneration and social security | 45 | €16,975 | €25,464 | +€8,489 | +50.0% |
| Taxes | 450/3 | €5,139 | €12,922 | +€7,783 | +151.4% |
| Remuneration and social security | 454/9 | €11,836 | €12,542 | +€706 | +6.0% |
| Other amounts payable | 47/48 | €5,460 | €7,336 | +€1,876 | +34.4% |
| Accrued charges and deferred income | 492/3 | €18,375 | €18,825 | +€450 | +2.4% |
| Turnover | 70 | €225,100 | €239,996 | +€14,896 | +6.6% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Goods, raw materials, services and sundry goods | 60/61 | €86,831 | €78,022 | -€8,809 | -10.1% |
| Remuneration, social security and pensions | 62 | €146,857 | €161,570 | +€14,713 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,639 | €4,639 | = | 0.0% |
| Other operating charges | 640/8 | €688 | €826 | +€138 | +20.1% |
| Gross operating margin | 9900 | €138,269 | €162,800 | +€24,531 | +17.7% |
| Operating profit (loss) | 9901 | -€13,915 | -€4,235 | +€9,680 | +69.6% |
| Financial income | 75/76B | €25 | €47 | +€22 | +88.0% |
| Recurring financial income | 75 | €25 | €47 | +€22 | +88.0% |
| Financial charges | 65/66B | €2,268 | €2,189 | -€79 | -3.5% |
| Recurring financial charges | 65 | €2,268 | €2,189 | -€79 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,158 | -€6,377 | +€9,781 | +60.5% |
| Income taxes | 67/77 | €68 | €92 | +€24 | +35.3% |
| Profit (loss) for the period | 9904 | -€16,226 | -€6,469 | +€9,757 | +60.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,226 | -€6,469 | +€9,757 | +60.1% |
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 10 October 2026 via checked.be.