R&R: 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&R
Largest movements
- Current investments +€27,500
up €27,500 (+12.9%), from €213,500 to €241,000
- Cash +€5,268
up €5,268 (+133.2%), from €3,954 to €9,222
mainly Net result for the year (+€27,402) and Tax, wage and social debts (+€6,855)
- Reserves +€27,402
up €27,402 (+13.8%), from €197,965 to €225,366
- Tax, wage and social debts +€6,855
new in 2025: €6,855
of which Taxes: +€3,992
- Financial income -€511
down €511 (-5.6%), from €9,118 to €8,607
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 | €237,928 | €272,935 | +€35,007 | +14.7% |
| Current assets | 29/58 | €237,928 | €272,935 | +€35,007 | +14.7% |
| Amounts receivable within one year | 40/41 | €20,473 | €22,712 | +€2,239 | +10.9% |
| Trade receivables | 40 | €8,454 | €8,067 | -€387 | -4.6% |
| Other amounts receivable | 41 | €12,019 | €14,646 | +€2,626 | +21.8% |
| Current investments | 50/53 | €213,500 | €241,000 | +€27,500 | +12.9% |
| Cash at bank and in hand | 54/58 | €3,954 | €9,222 | +€5,268 | +133.2% |
| Total equity and liabilities | 10/49 | €237,928 | €272,935 | +€35,007 | +14.7% |
| Equity | 10/15 | €216,565 | €243,966 | +€27,402 | +12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €197,965 | €225,366 | +€27,402 | +13.8% |
| Distributable reserves | 133 | €197,965 | €225,366 | +€27,402 | +13.8% |
| Amounts payable | 17/49 | €21,363 | €28,968 | +€7,605 | +35.6% |
| Amounts payable within one year | 42/48 | €21,363 | €28,968 | +€7,605 | +35.6% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €363 | €1,113 | +€750 | +206.7% |
| Suppliers | 440/4 | €363 | €1,113 | +€750 | +206.7% |
| Taxes, remuneration and social security | 45 | - | €6,855 | +€6,855 | |
| Taxes | 450/3 | - | €3,992 | +€3,992 | |
| Remuneration and social security | 454/9 | - | €2,863 | +€2,863 | |
| Other amounts payable | 47/48 | €11,000 | €11,000 | = | 0.0% |
| Other operating charges | 640/8 | €828 | €694 | -€134 | -16.2% |
| Gross operating margin | 9900 | €29,893 | €30,140 | +€247 | +0.8% |
| Operating profit (loss) | 9901 | €29,065 | €29,446 | +€381 | +1.3% |
| Financial income | 75/76B | €9,118 | €8,607 | -€511 | -5.6% |
| Recurring financial income | 75 | €9,118 | €8,607 | -€511 | -5.6% |
| Financial charges | 65/66B | €104 | €314 | +€210 | +202.4% |
| Recurring financial charges | 65 | €104 | €314 | +€210 | +202.4% |
| Profit (loss) for the period before taxes | 9903 | €38,080 | €37,739 | -€341 | -0.9% |
| Income taxes | 67/77 | €10,505 | €10,337 | -€168 | -1.6% |
| Profit (loss) for the period | 9904 | €27,574 | €27,402 | -€173 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,574 | €27,402 | -€173 | -0.6% |
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 12 October 2026 via checked.be.