ready to grow: 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 grow
Largest movements
- Receivables within one year +€15,822
up €15,822 (+31.3%), from €50,604 to €66,426
of which Trade receivables: +€20,979
- Cash +€10,597
up €10,597 (+43.3%), from €24,463 to €35,060
mainly Net result for the year (+€30,469) and Other debts (+€21,456)
- Financial fixed assets +€4,000
up €4,000 (+388%), from €1,030 to €5,030
- Deferred charges and accrued income +€3,041
new in 2025: €3,041
- Tangible fixed assets -€2,101
down €2,101 (-45.0%), from €4,669 to €2,567
of which Furniture and vehicles: -€1,724
- Other debts +€21,456
up €21,456 (+432%), from €4,969 to €26,425
- Profit (loss) carried forward +€6,079
up €6,079 (+31.0%), from €19,586 to €25,665
- Trade debts +€5,625
up €5,625 (+28.3%), from €19,875 to €25,500
- Accrued charges and deferred income -€3,471
no longer reported in 2025 (was €3,471)
- Advances received +€2,550
new in 2025: €2,550
- Gross operating margin +€20,886
up €20,886 (+75.5%), from €27,652 to €48,539
- Taxes +€3,381
up €3,381 (+57.9%), from €5,836 to €9,216
- Other operating charges +€874
up €874 (+188%), from €464 to €1,338
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 | €81,417 | €112,776 | +€31,359 | +38.5% |
| Fixed assets | 21/28 | €5,699 | €7,597 | +€1,899 | +33.3% |
| Tangible fixed assets | 22/27 | €4,669 | €2,567 | -€2,101 | -45.0% |
| Plant, machinery and equipment | 23 | €1,166 | €788 | -€378 | -32.4% |
| Furniture and vehicles | 24 | €3,502 | €1,779 | -€1,724 | -49.2% |
| Financial fixed assets | 28 | €1,030 | €5,030 | +€4,000 | +388% |
| Current assets | 29/58 | €75,718 | €105,178 | +€29,460 | +38.9% |
| Stocks and contracts in progress | 3 | €650 | €650 | = | 0.0% |
| Stocks | 30/36 | €650 | €650 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,604 | €66,426 | +€15,822 | +31.3% |
| Trade receivables | 40 | €40,209 | €61,189 | +€20,979 | +52.2% |
| Other amounts receivable | 41 | €10,395 | €5,238 | -€5,157 | -49.6% |
| Cash at bank and in hand | 54/58 | €24,463 | €35,060 | +€10,597 | +43.3% |
| Deferred charges and accrued income | 490/1 | - | €3,041 | +€3,041 | |
| Total equity and liabilities | 10/49 | €81,417 | €112,776 | +€31,359 | +38.5% |
| Equity | 10/15 | €23,586 | €29,665 | +€6,079 | +25.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,586 | €25,665 | +€6,079 | +31.0% |
| Amounts payable | 17/49 | €57,830 | €83,111 | +€25,280 | +43.7% |
| Amounts payable within one year | 42/48 | €54,359 | €83,111 | +€28,751 | +52.9% |
| Trade debts | 44 | €19,875 | €25,500 | +€5,625 | +28.3% |
| Suppliers | 440/4 | €19,875 | €25,500 | +€5,625 | +28.3% |
| Advances received on contracts in progress | 46 | - | €2,550 | +€2,550 | |
| Taxes, remuneration and social security | 45 | €29,516 | €28,636 | -€879 | -3.0% |
| Taxes | 450/3 | €10,966 | €16,405 | +€5,440 | +49.6% |
| Remuneration and social security | 454/9 | €18,550 | €12,231 | -€6,319 | -34.1% |
| Other amounts payable | 47/48 | €4,969 | €26,425 | +€21,456 | +432% |
| Accrued charges and deferred income | 492/3 | €3,471 | - | -€3,471 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €2,101 | +€469 | +28.8% |
| Other operating charges | 640/8 | €464 | €1,338 | +€874 | +188% |
| Gross operating margin | 9900 | €27,652 | €48,539 | +€20,886 | +75.5% |
| Operating profit (loss) | 9901 | €25,556 | €45,099 | +€19,543 | +76.5% |
| Financial income | 75/76B | €3 | €31 | +€27 | +789% |
| Recurring financial income | 75 | €3 | €31 | +€27 | +789% |
| Financial charges | 65/66B | €5,389 | €5,445 | +€56 | +1.0% |
| Recurring financial charges | 65 | €5,389 | €5,445 | +€56 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €20,171 | €39,685 | +€19,514 | +96.7% |
| Income taxes | 67/77 | €5,836 | €9,216 | +€3,381 | +57.9% |
| Profit (loss) for the period | 9904 | €14,335 | €30,469 | +€16,133 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €14,335 | €30,469 | +€16,133 | +113% |
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 27 October 2026 via checked.be.