RearWindow: 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.
RearWindow
Largest movements
- Cash +€123,753
up €123,753 (+3,866%), from €3,201 to €126,954
mainly Current investments (+€119,267) and Net result for the year (+€12,249)
- Current investments -€119,267
down €119,267 (-65.9%), from €180,945 to €61,678
- Tangible fixed assets +€9,181
up €9,181 (+268%), from €3,422 to €12,604
of which Other tangible fixed assets: +€8,498
- Receivables within one year +€4,163
up €4,163 (+71.6%), from €5,813 to €9,977
of which Trade receivables: +€3,429
- Profit (loss) carried forward +€14,581
up €14,581, from -€14,581 to €0
- Tax, wage and social debts +€3,148
up €3,148 (+146%), from €2,162 to €5,310
- Other debts +€2,822
up €2,822 (+4.9%), from €58,097 to €60,919
- Reserves -€2,332
down €2,332 (-3.0%), from €77,201 to €74,869
- Gross operating margin +€6,715
up €6,715 (+54.8%), from €12,260 to €18,975
- Taxes +€1,048
up €1,048 (+819%), from €128 to €1,176
- Depreciation +€773
up €773 (+58.1%), from €1,331 to €2,104
- Financial charges -€457
down €457 (-9.3%), from €4,944 to €4,487
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 | €194,901 | €213,001 | +€18,100 | +9.3% |
| Fixed assets | 21/28 | €3,422 | €12,604 | +€9,181 | +268% |
| Tangible fixed assets | 22/27 | €3,422 | €12,604 | +€9,181 | +268% |
| Plant, machinery and equipment | 23 | €43 | €0 | -€43 | -100% |
| Furniture and vehicles | 24 | €3,380 | €4,106 | +€726 | +21.5% |
| Other tangible fixed assets | 26 | - | €8,498 | +€8,498 | |
| Current assets | 29/58 | €191,479 | €200,398 | +€8,919 | +4.7% |
| Stocks and contracts in progress | 3 | €806 | €973 | +€167 | +20.8% |
| Stocks | 30/36 | €806 | €973 | +€167 | +20.8% |
| Amounts receivable within one year | 40/41 | €5,813 | €9,977 | +€4,163 | +71.6% |
| Trade receivables | 40 | €5,081 | €8,510 | +€3,429 | +67.5% |
| Other amounts receivable | 41 | €732 | €1,467 | +€735 | +100% |
| Current investments | 50/53 | €180,945 | €61,678 | -€119,267 | -65.9% |
| Cash at bank and in hand | 54/58 | €3,201 | €126,954 | +€123,753 | +3,866% |
| Deferred charges and accrued income | 490/1 | €714 | €815 | +€101 | +14.1% |
| Total equity and liabilities | 10/49 | €194,901 | €213,001 | +€18,100 | +9.3% |
| Equity | 10/15 | €129,115 | €141,364 | +€12,249 | +9.5% |
| Contributions | 10/11 | €66,495 | €66,495 | = | 0.0% |
| Reserves | 13 | €77,201 | €74,869 | -€2,332 | -3.0% |
| Distributable reserves | 133 | €77,201 | €74,869 | -€2,332 | -3.0% |
| Profit (loss) carried forward | 14 | -€14,581 | €0 | +€14,581 | |
| Amounts payable | 17/49 | €65,786 | €71,637 | +€5,851 | +8.9% |
| Amounts payable within one year | 42/48 | €61,224 | €67,462 | +€6,238 | +10.2% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €965 | €1,216 | +€251 | +26.0% |
| Suppliers | 440/4 | €965 | €1,216 | +€251 | +26.0% |
| Taxes, remuneration and social security | 45 | €2,162 | €5,310 | +€3,148 | +146% |
| Taxes | 450/3 | €2,162 | €5,310 | +€3,148 | +146% |
| Other amounts payable | 47/48 | €58,097 | €60,919 | +€2,822 | +4.9% |
| Accrued charges and deferred income | 492/3 | €4,562 | €4,175 | -€387 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,331 | €2,104 | +€773 | +58.1% |
| Other operating charges | 640/8 | €1,424 | €1,393 | -€31 | -2.2% |
| Gross operating margin | 9900 | €12,260 | €18,975 | +€6,715 | +54.8% |
| Operating profit (loss) | 9901 | €9,505 | €15,478 | +€5,973 | +62.8% |
| Financial income | 75/76B | €2,434 | €2,434 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,434 | €2,434 | +€0 | 0.0% |
| Financial charges | 65/66B | €4,944 | €4,487 | -€457 | -9.3% |
| Recurring financial charges | 65 | €4,944 | €4,487 | -€457 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €6,995 | €13,425 | +€6,430 | +91.9% |
| Income taxes | 67/77 | €128 | €1,176 | +€1,048 | +819% |
| Profit (loss) for the period | 9904 | €6,867 | €12,249 | +€5,382 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,867 | €12,249 | +€5,382 | +78.4% |
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 18 October 2026 via checked.be.