React: 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.
React
Largest movements
- Cash +€58,505
up €58,505 (+46.2%), from €126,592 to €185,097
mainly Net result for the year (+€85,609) and Depreciation (+€7,927)
- Current investments +€12,046
up €12,046 (+240.9%), from €5,000 to €17,046
- Tangible fixed assets -€4,980
down €4,980 (-21.7%), from €23,001 to €18,021
of which Furniture and vehicles: -€2,751
- Profit (loss) carried forward +€85,609
up €85,609 (+68.6%), from €124,735 to €210,344
- Accrued charges and deferred income -€17,178
down €17,178 (-98.7%), from €17,409 to €231
- Tax, wage and social debts -€2,665
down €2,665 (-41.8%), from €6,378 to €3,713
- Gross operating margin -€47,286
down €47,286 (-27.4%), from €172,690 to €125,403
- Taxes -€7,929
down €7,929 (-21.4%), from €37,000 to €29,071
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 | €159,427 | €225,811 | +€66,384 | +41.6% |
| Fixed assets | 21/28 | €23,001 | €18,021 | -€4,980 | -21.7% |
| Tangible fixed assets | 22/27 | €23,001 | €18,021 | -€4,980 | -21.7% |
| Plant, machinery and equipment | 23 | €10,337 | €8,108 | -€2,229 | -21.6% |
| Furniture and vehicles | 24 | €12,664 | €9,914 | -€2,751 | -21.7% |
| Current assets | 29/58 | €136,426 | €207,790 | +€71,364 | +52.3% |
| Amounts receivable within one year | 40/41 | €3,000 | €3,928 | +€929 | +31.0% |
| Other amounts receivable | 41 | €3,000 | €3,928 | +€929 | +31.0% |
| Current investments | 50/53 | €5,000 | €17,046 | +€12,046 | +240.9% |
| Cash at bank and in hand | 54/58 | €126,592 | €185,097 | +€58,505 | +46.2% |
| Deferred charges and accrued income | 490/1 | €1,834 | €1,718 | -€116 | -6.3% |
| Total equity and liabilities | 10/49 | €159,427 | €225,811 | +€66,384 | +41.6% |
| Equity | 10/15 | €126,735 | €212,344 | +€85,609 | +67.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,735 | €210,344 | +€85,609 | +68.6% |
| Amounts payable | 17/49 | €32,692 | €13,467 | -€19,225 | -58.8% |
| Amounts payable within one year | 42/48 | €15,283 | €13,237 | -€2,046 | -13.4% |
| Financial debts | 43 | - | €215 | +€215 | |
| Credit institutions | 430/8 | - | €215 | +€215 | |
| Trade debts | 44 | €3,247 | €3,300 | +€53 | +1.6% |
| Suppliers | 440/4 | €3,247 | €3,300 | +€53 | +1.6% |
| Taxes, remuneration and social security | 45 | €6,378 | €3,713 | -€2,665 | -41.8% |
| Taxes | 450/3 | €6,378 | €3,713 | -€2,665 | -41.8% |
| Other amounts payable | 47/48 | €5,658 | €6,009 | +€351 | +6.2% |
| Accrued charges and deferred income | 492/3 | €17,409 | €231 | -€17,178 | -98.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,259 | €7,927 | +€668 | +9.2% |
| Other operating charges | 640/8 | €3,227 | €2,852 | -€375 | -11.6% |
| Gross operating margin | 9900 | €172,690 | €125,403 | -€47,286 | -27.4% |
| Operating profit (loss) | 9901 | €162,204 | €114,624 | -€47,580 | -29.3% |
| Financial income | 75/76B | €0 | €567 | +€567 | +1890066.7% |
| Recurring financial income | 75 | €0 | €567 | +€567 | +1890066.7% |
| Financial charges | 65/66B | €469 | €511 | +€43 | +9.1% |
| Recurring financial charges | 65 | €469 | €511 | +€43 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €161,736 | €114,680 | -€47,056 | -29.1% |
| Income taxes | 67/77 | €37,000 | €29,071 | -€7,929 | -21.4% |
| Profit (loss) for the period | 9904 | €124,735 | €85,609 | -€39,127 | -31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €124,735 | €85,609 | -€39,127 | -31.4% |
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 9 October 2026 via checked.be.