RELIABILITY: 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.
RELIABILITY
Largest movements
- Cash +€92,503
up €92,503 (+389%), from €23,755 to €116,258
mainly Current investments (+€75,000) and Receivables within one year (+€19,328)
- Current investments -€75,000
no longer reported in 2025 (was €75,000)
- Receivables within one year -€19,328
down €19,328 (-72.5%), from €26,667 to €7,339
of which Trade receivables: -€19,328
- Tangible fixed assets +€13,001
up €13,001 (+19.6%), from €66,349 to €79,350
of which Land and buildings: +€13,872
- Profit (loss) carried forward +€5,210
up €5,210 (+6.2%), from €84,331 to €89,541
- Tax, wage and social debts +€3,886
up €3,886 (+322%), from €1,206 to €5,091
- Other debts +€3,000
up €3,000 (+18.8%), from €15,958 to €18,958
- Gross operating margin -€10,137
down €10,137 (-41.0%), from €24,718 to €14,581
- Depreciation +€4,537
up €4,537 (+276%), from €1,645 to €6,181
- Other operating charges -€4,460
down €4,460 (-83.7%), from €5,327 to €867
- Taxes -€1,490
down €1,490 (-28.8%), from €5,174 to €3,685
- Financial income -€572
down €572 (-28.8%), from €1,983 to €1,411
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 | €192,771 | €204,777 | +€12,006 | +6.2% |
| Fixed assets | 21/28 | €67,349 | €80,350 | +€13,001 | +19.3% |
| Tangible fixed assets | 22/27 | €66,349 | €79,350 | +€13,001 | +19.6% |
| Land and buildings | 22 | €61,110 | €74,982 | +€13,872 | +22.7% |
| Plant, machinery and equipment | 23 | €5,239 | €4,368 | -€871 | -16.6% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €125,422 | €124,427 | -€995 | -0.8% |
| Amounts receivable within one year | 40/41 | €26,667 | €7,339 | -€19,328 | -72.5% |
| Trade receivables | 40 | €26,255 | €6,927 | -€19,328 | -73.6% |
| Other amounts receivable | 41 | €412 | €412 | = | 0.0% |
| Current investments | 50/53 | €75,000 | - | -€75,000 | |
| Cash at bank and in hand | 54/58 | €23,755 | €116,258 | +€92,503 | +389% |
| Deferred charges and accrued income | 490/1 | - | €830 | +€830 | |
| Total equity and liabilities | 10/49 | €192,771 | €204,777 | +€12,006 | +6.2% |
| Equity | 10/15 | €175,389 | €180,600 | +€5,210 | +3.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €76,059 | €76,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €74,559 | €74,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,331 | €89,541 | +€5,210 | +6.2% |
| Amounts payable | 17/49 | €17,382 | €24,178 | +€6,796 | +39.1% |
| Amounts payable within one year | 42/48 | €17,382 | €24,178 | +€6,796 | +39.1% |
| Trade debts | 44 | €218 | €128 | -€90 | -41.4% |
| Suppliers | 440/4 | €218 | €128 | -€90 | -41.4% |
| Taxes, remuneration and social security | 45 | €1,206 | €5,091 | +€3,886 | +322% |
| Taxes | 450/3 | €1,206 | €5,091 | +€3,886 | +322% |
| Other amounts payable | 47/48 | €15,958 | €18,958 | +€3,000 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €6,181 | +€4,537 | +276% |
| Other operating charges | 640/8 | €5,327 | €867 | -€4,460 | -83.7% |
| Gross operating margin | 9900 | €24,718 | €14,581 | -€10,137 | -41.0% |
| Operating profit (loss) | 9901 | €17,746 | €7,532 | -€10,214 | -57.6% |
| Financial income | 75/76B | €1,983 | €1,411 | -€572 | -28.8% |
| Recurring financial income | 75 | €1,983 | €1,411 | -€572 | -28.8% |
| Financial charges | 65/66B | €138 | €49 | -€90 | -64.9% |
| Recurring financial charges | 65 | €138 | €49 | -€90 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €19,591 | €8,895 | -€10,696 | -54.6% |
| Income taxes | 67/77 | €5,174 | €3,685 | -€1,490 | -28.8% |
| Profit (loss) for the period | 9904 | €14,416 | €5,210 | -€9,206 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €14,416 | €5,210 | -€9,206 | -63.9% |
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.