Raamwijzer: 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.
Raamwijzer
Largest movements
- Cash +€26,878
up €26,878 (+127%), from €21,130 to €48,008
mainly Net result for the year (+€43,921) and Debts after one year (+€20,269)
- Financial fixed assets +€5,400
new in 2025: €5,400
- Receivables within one year -€2,622
down €2,622 (-6.9%), from €38,045 to €35,423
of which Trade receivables: -€3,093
- Profit (loss) carried forward +€43,921
up €43,921 (+83.0%), from -€52,887 to -€8,966
- Advances received -€34,300
down €34,300 (-100%), from €34,300 to €0
- Debts after one year +€20,269
new in 2025: €20,269
- Trade debts -€11,824
down €11,824 (-66.6%), from €17,765 to €5,942
- Tax, wage and social debts +€8,398
up €8,398 (+21,864%), from €38 to €8,436
- Gross operating margin +€75,340
up €75,340, from -€21,619 to €53,721
- Taxes +€7,317
up €7,317, from €0 to €7,317
- Financial charges +€1,312
up €1,312 (+576%), from €228 to €1,540
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 | €60,598 | €89,812 | +€29,213 | +48.2% |
| Fixed assets | 21/28 | €1,424 | €5,949 | +€4,525 | +318% |
| Tangible fixed assets | 22/27 | €1,424 | €549 | -€875 | -61.5% |
| Plant, machinery and equipment | 23 | €1,424 | €549 | -€875 | -61.5% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €59,174 | €83,863 | +€24,689 | +41.7% |
| Amounts receivable within one year | 40/41 | €38,045 | €35,423 | -€2,622 | -6.9% |
| Trade receivables | 40 | €29,576 | €26,483 | -€3,093 | -10.5% |
| Other amounts receivable | 41 | €8,468 | €8,940 | +€472 | +5.6% |
| Cash at bank and in hand | 54/58 | €21,130 | €48,008 | +€26,878 | +127% |
| Deferred charges and accrued income | 490/1 | - | €432 | +€432 | |
| Total equity and liabilities | 10/49 | €60,598 | €89,812 | +€29,213 | +48.2% |
| Equity | 10/15 | €3,613 | €47,534 | +€43,921 | +1,216% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,887 | -€8,966 | +€43,921 | +83.0% |
| Amounts payable | 17/49 | €56,985 | €42,277 | -€14,708 | -25.8% |
| Amounts payable after more than one year | 17 | - | €20,269 | +€20,269 | |
| Financial debts | 170/4 | - | €20,269 | +€20,269 | |
| Amounts payable within one year | 42/48 | €56,985 | €22,008 | -€34,977 | -61.4% |
| Current portion of amounts payable after more than one year | 42 | €4,881 | €7,630 | +€2,749 | +56.3% |
| Trade debts | 44 | €17,765 | €5,942 | -€11,824 | -66.6% |
| Suppliers | 440/4 | €17,765 | €5,942 | -€11,824 | -66.6% |
| Advances received on contracts in progress | 46 | €34,300 | €0 | -€34,300 | -100% |
| Taxes, remuneration and social security | 45 | €38 | €8,436 | +€8,398 | +21,864% |
| Taxes | 450/3 | €38 | €8,436 | +€8,398 | +21,864% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,041 | €875 | -€166 | -16.0% |
| Other operating charges | 640/8 | €505 | €540 | +€35 | +6.9% |
| Gross operating margin | 9900 | -€21,619 | €53,721 | +€75,340 | |
| Operating profit (loss) | 9901 | -€23,166 | €52,306 | +€75,472 | |
| Financial income | 75/76B | €767 | €472 | -€295 | -38.5% |
| Recurring financial income | 75 | €767 | €472 | -€295 | -38.5% |
| Financial charges | 65/66B | €228 | €1,540 | +€1,312 | +576% |
| Recurring financial charges | 65 | €228 | €1,540 | +€1,312 | +576% |
| Profit (loss) for the period before taxes | 9903 | -€22,627 | €51,238 | +€73,865 | |
| Income taxes | 67/77 | €0 | €7,317 | +€7,317 | |
| Profit (loss) for the period | 9904 | -€22,627 | €43,921 | +€66,548 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,627 | €43,921 | +€66,548 |
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 30 October 2026 via checked.be.