Relax: 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.
Relax
Largest movements
- Receivables within one year +€30,612
up €30,612 (+222.6%), from €13,753 to €44,365
- Tangible fixed assets -€10,763
down €10,763 (-47.6%), from €22,595 to €11,831
of which Furniture and vehicles: -€10,273
- Stocks and contracts -€9,610
down €9,610 (-69.7%), from €13,790 to €4,180
- Deferred charges and accrued income +€1,486
new in 2025: €1,486
- Reserves +€14,000
up €14,000 (+49.4%), from €28,340 to €42,340
of which Distributable reserves: +€14,000
- Current portion of long-term debt -€9,969
down €9,969 (-51.8%), from €19,248 to €9,279
- Tax, wage and social debts +€6,710
up €6,710 (+360.4%), from €1,862 to €8,572
of which Taxes: +€8,190
- Profit (loss) carried forward +€957
up €957 (+15.9%), from €6,022 to €6,979
- Gross operating margin +€19,266
up €19,266 (+66.2%), from €29,108 to €48,374
- Taxes +€6,356
up €6,356 (+245.4%), from €2,591 to €8,946
- Staff costs +€4,018
up €4,018 (+59.4%), from €6,764 to €10,782
- Other operating charges -€1,078
down €1,078 (-34.1%), from €3,161 to €2,083
- Financial income +€962
up €962 (+1009.0%), from €95 to €1,057
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 | €63,626 | €75,198 | +€11,572 | +18.2% |
| Fixed assets | 21/28 | €22,595 | €11,831 | -€10,763 | -47.6% |
| Tangible fixed assets | 22/27 | €22,595 | €11,831 | -€10,763 | -47.6% |
| Plant, machinery and equipment | 23 | €355 | - | -€355 | |
| Furniture and vehicles | 24 | €21,884 | €11,611 | -€10,273 | -46.9% |
| Other tangible fixed assets | 26 | €356 | €220 | -€136 | -38.1% |
| Current assets | 29/58 | €41,032 | €63,367 | +€22,335 | +54.4% |
| Stocks and contracts in progress | 3 | €13,790 | €4,180 | -€9,610 | -69.7% |
| Stocks | 30/36 | €13,790 | €4,180 | -€9,610 | -69.7% |
| Amounts receivable within one year | 40/41 | €13,753 | €44,365 | +€30,612 | +222.6% |
| Other amounts receivable | 41 | €13,753 | €44,365 | +€30,612 | +222.6% |
| Cash at bank and in hand | 54/58 | €13,489 | €13,336 | -€153 | -1.1% |
| Deferred charges and accrued income | 490/1 | - | €1,486 | +€1,486 | |
| Total equity and liabilities | 10/49 | €63,626 | €75,198 | +€11,572 | +18.2% |
| Equity | 10/15 | €40,562 | €55,519 | +€14,957 | +36.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,340 | €42,340 | +€14,000 | +49.4% |
| Non-distributable reserves | 130/1 | €18,960 | €18,960 | = | 0.0% |
| Legal reserve | 130 | €17,100 | €17,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,380 | €23,380 | +€14,000 | +149.3% |
| Profit (loss) carried forward | 14 | €6,022 | €6,979 | +€957 | +15.9% |
| Amounts payable | 17/49 | €23,065 | €19,679 | -€3,386 | -14.7% |
| Amounts payable within one year | 42/48 | €23,065 | €19,679 | -€3,386 | -14.7% |
| Current portion of amounts payable after more than one year | 42 | €19,248 | €9,279 | -€9,969 | -51.8% |
| Trade debts | 44 | €1,955 | €1,828 | -€127 | -6.5% |
| Suppliers | 440/4 | €1,955 | €1,828 | -€127 | -6.5% |
| Taxes, remuneration and social security | 45 | €1,862 | €8,572 | +€6,710 | +360.4% |
| Taxes | 450/3 | €382 | €8,572 | +€8,190 | +2146.3% |
| Remuneration and social security | 454/9 | €1,480 | - | -€1,480 | |
| Remuneration, social security and pensions | 62 | €6,764 | €10,782 | +€4,018 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,995 | €12,209 | -€786 | -6.0% |
| Other operating charges | 640/8 | €3,161 | €2,083 | -€1,078 | -34.1% |
| Gross operating margin | 9900 | €29,108 | €48,374 | +€19,266 | +66.2% |
| Operating profit (loss) | 9901 | €6,188 | €23,300 | +€17,112 | +276.5% |
| Financial income | 75/76B | €95 | €1,057 | +€962 | +1009.0% |
| Recurring financial income | 75 | €95 | €1,057 | +€962 | +1009.0% |
| Financial charges | 65/66B | €562 | €453 | -€109 | -19.5% |
| Recurring financial charges | 65 | €562 | €453 | -€109 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €5,721 | €23,904 | +€18,183 | +317.8% |
| Income taxes | 67/77 | €2,591 | €8,946 | +€6,356 | +245.4% |
| Profit (loss) for the period | 9904 | €3,130 | €14,957 | +€11,827 | +377.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,130 | €14,957 | +€11,827 | +377.8% |
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 4 October 2026 via checked.be.