RED POINT: what changed
Two fiscal 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.
RED POINT
Largest movements
- Receivables within one year +€29,706
up €29,706 (+72.1%), from €41,203 to €70,909
of which Other amounts receivable: +€28,706
- Tangible fixed assets -€7,851
no longer reported in 2025 (was €7,851)
- Cash +€1,245
up €1,245 (+53.7%), from €2,319 to €3,564
mainly Net result for the year (+€17,408) and Tax, wage and social debts (+€11,933)
- Reserves +€13,000
up €13,000 (+2566.6%), from €507 to €13,507
of which Distributable reserves: +€10,408
- Tax, wage and social debts +€11,933
up €11,933 (+111.6%), from €10,693 to €22,626
- Profit (loss) carried forward +€4,408
up €4,408, from -€4,384 to €24
- Debts after one year -€3,348
down €3,348 (-50.8%), from €6,592 to €3,244
- Trade debts -€3,081
down €3,081 (-80.7%), from €3,820 to €738
- Depreciation -€4,822
no longer reported in 2025 (was €4,822)
- Taxes +€3,898
up €3,898 (+72.1%), from €5,405 to €9,303
- Financial income +€1,835
up €1,835 (+243.9%), from €752 to €2,588
- Gross operating margin -€731
down €731 (-2.5%), from €29,635 to €28,904
- Financial charges -€570
down €570 (-23.7%), from €2,406 to €1,836
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 | €51,374 | €74,473 | +€23,100 | +45.0% |
| Fixed assets | 21/28 | €7,851 | - | -€7,851 | |
| Tangible fixed assets | 22/27 | €7,851 | - | -€7,851 | |
| Furniture and vehicles | 24 | €7,851 | - | -€7,851 | |
| Current assets | 29/58 | €43,522 | €74,473 | +€30,951 | +71.1% |
| Amounts receivable within one year | 40/41 | €41,203 | €70,909 | +€29,706 | +72.1% |
| Trade receivables | 40 | €21,646 | €22,646 | +€1,000 | +4.6% |
| Other amounts receivable | 41 | €19,557 | €48,263 | +€28,706 | +146.8% |
| Cash at bank and in hand | 54/58 | €2,319 | €3,564 | +€1,245 | +53.7% |
| Total equity and liabilities | 10/49 | €51,374 | €74,473 | +€23,100 | +45.0% |
| Equity | 10/15 | €27,109 | €44,517 | +€17,408 | +64.2% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €507 | €13,507 | +€13,000 | +2566.6% |
| Non-distributable reserves | 130/1 | €507 | €3,099 | +€2,592 | +511.8% |
| Legal reserve | 130 | €507 | €3,099 | +€2,592 | +511.8% |
| Distributable reserves | 133 | - | €10,408 | +€10,408 | |
| Profit (loss) carried forward | 14 | -€4,384 | €24 | +€4,408 | |
| Amounts payable | 17/49 | €24,265 | €29,956 | +€5,692 | +23.5% |
| Amounts payable after more than one year | 17 | €6,592 | €3,244 | -€3,348 | -50.8% |
| Financial debts | 170/4 | €6,592 | €3,244 | -€3,348 | -50.8% |
| Amounts payable within one year | 42/48 | €17,673 | €26,713 | +€9,040 | +51.2% |
| Current portion of amounts payable after more than one year | 42 | €3,160 | €3,348 | +€188 | +5.9% |
| Trade debts | 44 | €3,820 | €738 | -€3,081 | -80.7% |
| Suppliers | 440/4 | €3,820 | €738 | -€3,081 | -80.7% |
| Taxes, remuneration and social security | 45 | €10,693 | €22,626 | +€11,933 | +111.6% |
| Taxes | 450/3 | €10,693 | €22,626 | +€11,933 | +111.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,822 | - | -€4,822 | |
| Other operating charges | 640/8 | €2,413 | €2,945 | +€532 | +22.1% |
| Gross operating margin | 9900 | €29,635 | €28,904 | -€731 | -2.5% |
| Operating profit (loss) | 9901 | €22,401 | €25,960 | +€3,559 | +15.9% |
| Financial income | 75/76B | €752 | €2,588 | +€1,835 | +243.9% |
| Recurring financial income | 75 | €752 | €2,588 | +€1,835 | +243.9% |
| Financial charges | 65/66B | €2,406 | €1,836 | -€570 | -23.7% |
| Recurring financial charges | 65 | €2,406 | €1,836 | -€570 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €20,747 | €26,711 | +€5,964 | +28.7% |
| Income taxes | 67/77 | €5,405 | €9,303 | +€3,898 | +72.1% |
| Profit (loss) for the period | 9904 | €15,342 | €17,408 | +€2,066 | +13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,342 | €17,408 | +€2,066 | +13.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.