READY TO DRIVE: 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.
READY TO DRIVE
Largest movements
- Cash +€54,181
up €54,181 (+110%), from €49,379 to €103,560
mainly Depreciation (+€57,418) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Tangible fixed assets -€36,933
down €36,933 (-42.6%), from €86,742 to €49,809
of which Furniture and vehicles: -€35,050
- Receivables within one year +€9,031
up €9,031 (+9.8%), from €92,260 to €101,291
- Deferred charges and accrued income +€5,287
up €5,287 (+55.7%), from €9,485 to €14,772
- Other debts -€22,936
down €22,936 (-93.9%), from €24,417 to €1,481
- Debts after one year -€13,721
down €13,721 (-16.7%), from €82,016 to €68,295
- Tax, wage and social debts +€13,285
up €13,285 (+25.2%), from €52,767 to €66,052
of which Taxes: +€6,892
- Profit (loss) carried forward +€9,941
up €9,941 (+20.9%), from €47,546 to €57,487
- Trade debts -€6,998
down €6,998 (-22.5%), from €31,045 to €24,047
- Staff costs -€18,660
down €18,660 (-6.0%), from €308,439 to €289,779
- Gross operating margin -€17,766
down €17,766 (-4.5%), from €395,714 to €377,948
- Taxes -€13,077
down €13,077 (-77.8%), from €16,804 to €3,727
- Financial charges +€8,120
up €8,120 (+252%), from €3,224 to €11,344
- Other operating charges -€7,504
down €7,504 (-41.9%), from €17,901 to €10,397
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 | €302,725 | €284,291 | -€18,434 | -6.1% |
| Fixed assets | 21/28 | €101,601 | €64,668 | -€36,933 | -36.4% |
| Tangible fixed assets | 22/27 | €86,742 | €49,809 | -€36,933 | -42.6% |
| Furniture and vehicles | 24 | €80,739 | €45,689 | -€35,050 | -43.4% |
| Other tangible fixed assets | 26 | €6,003 | €4,120 | -€1,883 | -31.4% |
| Financial fixed assets | 28 | €14,859 | €14,859 | = | 0.0% |
| Current assets | 29/58 | €201,124 | €219,623 | +€18,499 | +9.2% |
| Amounts receivable within one year | 40/41 | €92,260 | €101,291 | +€9,031 | +9.8% |
| Other amounts receivable | 41 | €92,260 | €101,291 | +€9,031 | +9.8% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €49,379 | €103,560 | +€54,181 | +110% |
| Deferred charges and accrued income | 490/1 | €9,485 | €14,772 | +€5,287 | +55.7% |
| Total equity and liabilities | 10/49 | €302,725 | €284,291 | -€18,434 | -6.1% |
| Equity | 10/15 | €66,146 | €76,087 | +€9,941 | +15.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,546 | €57,487 | +€9,941 | +20.9% |
| Amounts payable | 17/49 | €236,579 | €208,204 | -€28,375 | -12.0% |
| Amounts payable after more than one year | 17 | €82,016 | €68,295 | -€13,721 | -16.7% |
| Financial debts | 170/4 | €82,016 | €68,295 | -€13,721 | -16.7% |
| Amounts payable within one year | 42/48 | €154,563 | €139,909 | -€14,654 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €46,334 | €48,329 | +€1,995 | +4.3% |
| Trade debts | 44 | €31,045 | €24,047 | -€6,998 | -22.5% |
| Suppliers | 440/4 | €31,045 | €24,047 | -€6,998 | -22.5% |
| Taxes, remuneration and social security | 45 | €52,767 | €66,052 | +€13,285 | +25.2% |
| Taxes | 450/3 | €12,560 | €19,452 | +€6,892 | +54.9% |
| Remuneration and social security | 454/9 | €40,207 | €46,600 | +€6,393 | +15.9% |
| Other amounts payable | 47/48 | €24,417 | €1,481 | -€22,936 | -93.9% |
| Remuneration, social security and pensions | 62 | €308,439 | €289,779 | -€18,660 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,316 | €57,418 | +€5,102 | +9.8% |
| Other operating charges | 640/8 | €17,901 | €10,397 | -€7,504 | -41.9% |
| Non-recurring operating charges | 66A | €18 | €30 | +€12 | +66.7% |
| Gross operating margin | 9900 | €395,714 | €377,948 | -€17,766 | -4.5% |
| Operating profit (loss) | 9901 | €17,040 | €20,324 | +€3,284 | +19.3% |
| Financial income | 75/76B | €4,479 | €4,688 | +€209 | +4.7% |
| Recurring financial income | 75 | €4,479 | €4,688 | +€209 | +4.7% |
| Financial charges | 65/66B | €3,224 | €11,344 | +€8,120 | +252% |
| Recurring financial charges | 65 | €3,224 | €11,344 | +€8,120 | +252% |
| Profit (loss) for the period before taxes | 9903 | €18,295 | €13,668 | -€4,627 | -25.3% |
| Income taxes | 67/77 | €16,804 | €3,727 | -€13,077 | -77.8% |
| Profit (loss) for the period | 9904 | €1,491 | €9,941 | +€8,450 | +567% |
| Profit (loss) for the period to be appropriated | 9905 | €1,491 | €9,941 | +€8,450 | +567% |
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 26 October 2026 via checked.be.