Random Walk: what changed
Two fiscal 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.
Random Walk
Largest movements
- Cash +€32,377
up €32,377 (+80.0%), from €40,448 to €72,825
mainly Net result for the year (+€34,451) and Tax, wage and social debts (+€6,025)
- Tangible fixed assets +€5,656
up €5,656 (+112.0%), from €5,051 to €10,707
of which Furniture and vehicles: +€4,808
- Receivables within one year -€2,659
down €2,659 (-71.4%), from €3,726 to €1,067
of which Trade receivables: -€3,055
- Reserves +€34,451
up €34,451 (+97.8%), from €35,241 to €69,692
- Tax, wage and social debts +€6,025
up €6,025 (+130.3%), from €4,625 to €10,650
of which Taxes: +€6,017
- Trade debts -€3,130
down €3,130 (-58.1%), from €5,386 to €2,256
- Other debts -€1,973
down €1,973 (-100.0%), from €1,973 to €0
- Gross operating margin +€3,541
up €3,541 (+8.0%), from €44,025 to €47,566
- Depreciation +€1,721
up €1,721 (+214.3%), from €803 to €2,523
- Taxes +€760
up €760 (+7.9%), from €9,629 to €10,389
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 | €49,225 | €84,599 | +€35,374 | +71.9% |
| Fixed assets | 21/28 | €5,051 | €10,707 | +€5,656 | +112.0% |
| Tangible fixed assets | 22/27 | €5,051 | €10,707 | +€5,656 | +112.0% |
| Plant, machinery and equipment | 23 | €569 | €1,417 | +€848 | +149.0% |
| Furniture and vehicles | 24 | €4,482 | €9,290 | +€4,808 | +107.3% |
| Current assets | 29/58 | €44,174 | €73,892 | +€29,718 | +67.3% |
| Amounts receivable within one year | 40/41 | €3,726 | €1,067 | -€2,659 | -71.4% |
| Trade receivables | 40 | €3,055 | €0 | -€3,055 | -100.0% |
| Other amounts receivable | 41 | €671 | €1,067 | +€396 | +59.0% |
| Cash at bank and in hand | 54/58 | €40,448 | €72,825 | +€32,377 | +80.0% |
| Total equity and liabilities | 10/49 | €49,225 | €84,599 | +€35,374 | +71.9% |
| Equity | 10/15 | €37,241 | €71,692 | +€34,451 | +92.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,241 | €69,692 | +€34,451 | +97.8% |
| Distributable reserves | 133 | €35,241 | €69,692 | +€34,451 | +97.8% |
| Amounts payable | 17/49 | €11,984 | €12,907 | +€923 | +7.7% |
| Amounts payable within one year | 42/48 | €11,984 | €12,907 | +€923 | +7.7% |
| Trade debts | 44 | €5,386 | €2,256 | -€3,130 | -58.1% |
| Suppliers | 440/4 | €5,386 | €2,256 | -€3,130 | -58.1% |
| Taxes, remuneration and social security | 45 | €4,625 | €10,650 | +€6,025 | +130.3% |
| Taxes | 450/3 | €2,129 | €8,146 | +€6,017 | +282.6% |
| Remuneration and social security | 454/9 | €2,496 | €2,505 | +€8 | +0.3% |
| Other amounts payable | 47/48 | €1,973 | €0 | -€1,973 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €803 | €2,523 | +€1,721 | +214.3% |
| Other operating charges | 640/8 | €164 | €120 | -€44 | -26.8% |
| Gross operating margin | 9900 | €44,025 | €47,566 | +€3,541 | +8.0% |
| Operating profit (loss) | 9901 | €43,059 | €44,923 | +€1,864 | +4.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Non-recurring financial income | 76B | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €43 | €83 | +€40 | +94.9% |
| Recurring financial charges | 65 | €32 | €83 | +€51 | +162.9% |
| Non-recurring financial charges | 66B | €11 | €0 | -€11 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €43,016 | €44,840 | +€1,824 | +4.2% |
| Income taxes | 67/77 | €9,629 | €10,389 | +€760 | +7.9% |
| Profit (loss) for the period | 9904 | €33,387 | €34,451 | +€1,064 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,387 | €34,451 | +€1,064 | +3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.