Reformed: 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.
Reformed
Largest movements
- Cash +€8,903
up €8,903 (+961%), from €927 to €9,829
mainly Other debts (+€10,283) and Net result for the year (+€4,649)
- Tangible fixed assets +€7,766
up €7,766 (+96.6%), from €8,043 to €15,809
of which Furniture and vehicles: +€10,924
- Deferred charges and accrued income +€2,673
up €2,673 (+2,486%), from €107 to €2,780
- Receivables within one year -€1,282
down €1,282 (-29.1%), from €4,408 to €3,127
of which Other amounts receivable: -€1,393
- Other debts +€10,283
up €10,283 (+1,245%), from €826 to €11,109
- Reserves +€4,649
new in 2025: €4,649
- Tax, wage and social debts +€3,756
up €3,756 (+4,348%), from €86 to €3,843
of which Taxes: +€3,456
- Debts after one year -€3,600
down €3,600 (-36.7%), from €9,800 to €6,200
- Trade debts +€2,981
up €2,981 (+195%), from €1,530 to €4,511
- Gross operating margin +€5,720
up €5,720 (+110%), from €5,194 to €10,913
- Taxes +€1,214
new in 2025: €1,214
- Depreciation +€986
up €986 (+31.2%), from €3,158 to €4,145
- Other operating charges +€879
up €879 (+3,937%), from €22 to €901
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 | €13,486 | €31,643 | +€18,158 | +135% |
| Fixed assets | 21/28 | €8,043 | €15,907 | +€7,864 | +97.8% |
| Tangible fixed assets | 22/27 | €8,043 | €15,809 | +€7,766 | +96.6% |
| Plant, machinery and equipment | 23 | €8,043 | €4,885 | -€3,158 | -39.3% |
| Furniture and vehicles | 24 | - | €10,924 | +€10,924 | |
| Financial fixed assets | 28 | - | €98 | +€98 | |
| Current assets | 29/58 | €5,443 | €15,736 | +€10,294 | +189% |
| Amounts receivable within one year | 40/41 | €4,408 | €3,127 | -€1,282 | -29.1% |
| Trade receivables | 40 | €3,016 | €3,127 | +€111 | +3.7% |
| Other amounts receivable | 41 | €1,393 | - | -€1,393 | |
| Cash at bank and in hand | 54/58 | €927 | €9,829 | +€8,903 | +961% |
| Deferred charges and accrued income | 490/1 | €107 | €2,780 | +€2,673 | +2,486% |
| Total equity and liabilities | 10/49 | €13,486 | €31,643 | +€18,158 | +135% |
| Equity | 10/15 | -€2,420 | €2,229 | +€4,649 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €4,649 | +€4,649 | |
| Distributable reserves | 133 | - | €4,649 | +€4,649 | |
| Profit (loss) carried forward | 14 | -€6,420 | -€6,420 | = | 0.0% |
| Amounts payable | 17/49 | €15,906 | €29,414 | +€13,509 | +84.9% |
| Amounts payable after more than one year | 17 | €9,800 | €6,200 | -€3,600 | -36.7% |
| Financial debts | 170/4 | €9,800 | €6,200 | -€3,600 | -36.7% |
| Amounts payable within one year | 42/48 | €6,042 | €23,063 | +€17,020 | +282% |
| Current portion of amounts payable after more than one year | 42 | €3,600 | €3,600 | = | 0.0% |
| Trade debts | 44 | €1,530 | €4,511 | +€2,981 | +195% |
| Suppliers | 440/4 | €1,530 | €4,511 | +€2,981 | +195% |
| Taxes, remuneration and social security | 45 | €86 | €3,843 | +€3,756 | +4,348% |
| Taxes | 450/3 | €86 | €3,543 | +€3,456 | +4,001% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €826 | €11,109 | +€10,283 | +1,245% |
| Accrued charges and deferred income | 492/3 | €63 | €152 | +€88 | +139% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,158 | €4,145 | +€986 | +31.2% |
| Other operating charges | 640/8 | €22 | €901 | +€879 | +3,937% |
| Gross operating margin | 9900 | €5,194 | €10,913 | +€5,720 | +110% |
| Operating profit (loss) | 9901 | €2,013 | €5,867 | +€3,854 | +191% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €96 | €21 | -€76 | -78.6% |
| Recurring financial charges | 65 | €96 | €21 | -€76 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €1,917 | €5,862 | +€3,946 | +206% |
| Income taxes | 67/77 | - | €1,214 | +€1,214 | |
| Profit (loss) for the period | 9904 | €1,917 | €4,649 | +€2,732 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €1,917 | €4,649 | +€2,732 | +143% |
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 13 October 2026 via checked.be.