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
- Tangible fixed assets +€27,016
new in 2025: €27,016
- Cash +€11,335
up €11,335 (+8,018%), from €141 to €11,476
mainly Other debts (+€20,160) and Net result for the year (+€13,470)
- Receivables within one year +€7,454
up €7,454 (+2,029%), from €367 to €7,821
of which Trade receivables: +€7,454
- Other debts +€20,160
up €20,160 (+100%), from €20,119 to €40,279
- Profit (loss) carried forward +€13,470
up €13,470 (+59.3%), from -€22,719 to -€9,250
- Tax, wage and social debts +€12,108
new in 2025: €12,108
of which Remuneration and social security: +€9,500
- Gross operating margin +€19,774
up €19,774, from -€74 to €19,700
- Depreciation +€5,403
new in 2025: €5,403
- Financial charges -€252
down €252 (-80.9%), from €311 to €59
- Other operating charges +€245
up €245 (+64.4%), from €381 to €626
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 | €509 | €46,314 | +€45,805 | +9,004% |
| Fixed assets | 21/28 | - | €27,016 | +€27,016 | |
| Tangible fixed assets | 22/27 | - | €27,016 | +€27,016 | |
| Furniture and vehicles | 24 | - | €27,016 | +€27,016 | |
| Current assets | 29/58 | €509 | €19,297 | +€18,789 | +3,694% |
| Amounts receivable within one year | 40/41 | €367 | €7,821 | +€7,454 | +2,029% |
| Trade receivables | 40 | - | €7,454 | +€7,454 | |
| Other amounts receivable | 41 | €367 | €367 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141 | €11,476 | +€11,335 | +8,018% |
| Total equity and liabilities | 10/49 | €509 | €46,314 | +€45,805 | +9,004% |
| Equity | 10/15 | -€19,719 | -€6,250 | +€13,470 | +68.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,719 | -€9,250 | +€13,470 | +59.3% |
| Amounts payable | 17/49 | €20,228 | €52,563 | +€32,335 | +160% |
| Amounts payable within one year | 42/48 | €20,228 | €52,563 | +€32,335 | +160% |
| Trade debts | 44 | €109 | €176 | +€67 | +61.8% |
| Suppliers | 440/4 | €109 | €176 | +€67 | +61.8% |
| Taxes, remuneration and social security | 45 | - | €12,108 | +€12,108 | |
| Taxes | 450/3 | - | €2,608 | +€2,608 | |
| Remuneration and social security | 454/9 | - | €9,500 | +€9,500 | |
| Other amounts payable | 47/48 | €20,119 | €40,279 | +€20,160 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,403 | +€5,403 | |
| Other operating charges | 640/8 | €381 | €626 | +€245 | +64.4% |
| Gross operating margin | 9900 | -€74 | €19,700 | +€19,774 | |
| Operating profit (loss) | 9901 | -€455 | €13,670 | +€14,125 | |
| Financial charges | 65/66B | €311 | €59 | -€252 | -80.9% |
| Recurring financial charges | 65 | €311 | €59 | -€252 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | -€766 | €13,611 | +€14,377 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | -€766 | €13,470 | +€14,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€766 | €13,470 | +€14,236 |
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 14 October 2026 via checked.be.