READY TO PAINT: 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 PAINT
Largest movements
- Receivables within one year +€66,193
up €66,193 (+674%), from €9,814 to €76,008
of which Other amounts receivable: +€61,857
- Cash -€22,226
down €22,226 (-27.7%), from €80,241 to €58,015
mainly Receivables within one year (-€66,193) and Debts after one year (-€13,370)
- Tangible fixed assets -€16,704
down €16,704 (-89.7%), from €18,626 to €1,921
of which Leasing and similar rights: -€15,619
- Deferred charges and accrued income +€1,780
new in 2025: €1,780
- Profit (loss) carried forward +€44,734
up €44,734 (+59.5%), from €75,126 to €119,860
- Debts after one year -€13,370
down €13,370 (-100%), from €13,370 to €0
- Tax, wage and social debts +€10,198
up €10,198 (+6,654%), from €153 to €10,352
- Current portion of long-term debt -€8,734
down €8,734 (-100%), from €8,734 to €0
- Trade debts -€3,785
down €3,785 (-45.6%), from €8,297 to €4,513
- Gross operating margin +€13,373
up €13,373 (+25.6%), from €52,149 to €65,522
- Depreciation -€9,169
down €9,169 (-81.8%), from €11,204 to €2,034
- Taxes +€2,629
up €2,629 (+19.8%), from €13,261 to €15,890
- Financial income +€1,814
up €1,814 (+2,028%), from €89 to €1,904
- Other operating charges +€1,221
up €1,221 (+77.1%), from €1,584 to €2,805
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 | €108,681 | €137,724 | +€29,043 | +26.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €18,626 | €1,921 | -€16,704 | -89.7% |
| Tangible fixed assets | 22/27 | €18,626 | €1,921 | -€16,704 | -89.7% |
| Plant, machinery and equipment | 23 | €1,730 | €894 | -€836 | -48.3% |
| Furniture and vehicles | 24 | €1,277 | €1,028 | -€249 | -19.5% |
| Leasing and similar rights | 25 | €15,619 | €0 | -€15,619 | -100% |
| Current assets | 29/58 | €90,055 | €135,803 | +€45,748 | +50.8% |
| Amounts receivable within one year | 40/41 | €9,814 | €76,008 | +€66,193 | +674% |
| Trade receivables | 40 | €6,108 | €10,445 | +€4,337 | +71.0% |
| Other amounts receivable | 41 | €3,706 | €65,563 | +€61,857 | +1,669% |
| Cash at bank and in hand | 54/58 | €80,241 | €58,015 | -€22,226 | -27.7% |
| Deferred charges and accrued income | 490/1 | - | €1,780 | +€1,780 | |
| Total equity and liabilities | 10/49 | €108,681 | €137,724 | +€29,043 | +26.7% |
| Equity | 10/15 | €78,126 | €122,860 | +€44,734 | +57.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Profit (loss) carried forward | 14 | €75,126 | €119,860 | +€44,734 | +59.5% |
| Amounts payable | 17/49 | €30,555 | €14,864 | -€15,690 | -51.4% |
| Amounts payable after more than one year | 17 | €13,370 | €0 | -€13,370 | -100% |
| Financial debts | 170/4 | €13,370 | €0 | -€13,370 | -100% |
| Amounts payable within one year | 42/48 | €17,185 | €14,864 | -€2,321 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €8,734 | €0 | -€8,734 | -100% |
| Trade debts | 44 | €8,297 | €4,513 | -€3,785 | -45.6% |
| Suppliers | 440/4 | €8,297 | €4,513 | -€3,785 | -45.6% |
| Taxes, remuneration and social security | 45 | €153 | €10,352 | +€10,198 | +6,654% |
| Taxes | 450/3 | €153 | €10,352 | +€10,198 | +6,654% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,204 | €2,034 | -€9,169 | -81.8% |
| Other operating charges | 640/8 | €1,584 | €2,805 | +€1,221 | +77.1% |
| Gross operating margin | 9900 | €52,149 | €65,522 | +€13,373 | +25.6% |
| Operating profit (loss) | 9901 | €39,361 | €60,682 | +€21,322 | +54.2% |
| Financial income | 75/76B | €89 | €1,904 | +€1,814 | +2,028% |
| Recurring financial income | 75 | €89 | €1,904 | +€1,814 | +2,028% |
| Financial charges | 65/66B | €2,072 | €1,962 | -€110 | -5.3% |
| Recurring financial charges | 65 | €2,072 | €1,962 | -€110 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €37,378 | €60,624 | +€23,246 | +62.2% |
| Income taxes | 67/77 | €13,261 | €15,890 | +€2,629 | +19.8% |
| Profit (loss) for the period | 9904 | €24,117 | €44,734 | +€20,617 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,117 | €44,734 | +€20,617 | +85.5% |
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.