@reno-T: 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.
@reno-T
Largest movements
- Tangible fixed assets +€73,072
up €73,072 (+3,978%), from €1,837 to €74,909
of which Furniture and vehicles: +€57,480
- Cash +€11,877
up €11,877 (+57.2%), from €20,751 to €32,628
mainly Debts after one year (+€27,704) and Net result for the year (+€20,605)
- Receivables within one year -€9,319
down €9,319 (-82.7%), from €11,264 to €1,945
of which Trade receivables: -€10,678
- Debts after one year +€27,704
new in 2025: €27,704
- Reserves +€20,605
up €20,605 (+129%), from €15,930 to €36,535
- Current portion of long-term debt +€12,506
new in 2025: €12,506
- Other debts +€11,930
up €11,930 (+173%), from €6,907 to €18,837
- Tax, wage and social debts +€5,171
up €5,171 (+49.9%), from €10,359 to €15,530
- Gross operating margin +€27,492
up €27,492 (+124%), from €22,200 to €49,692
- Depreciation +€16,879
up €16,879 (+26,792%), from €63 to €16,942
- Taxes +€2,679
up €2,679 (+43.3%), from €6,184 to €8,863
- Financial charges +€2,270
new in 2025: €2,270
- Other operating charges +€1,231
up €1,231 (+5,352%), from €23 to €1,254
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 | €35,594 | €112,656 | +€77,062 | +217% |
| Formation expenses | 20 | €1,360 | €1,083 | -€277 | -20.4% |
| Fixed assets | 21/28 | €1,837 | €75,834 | +€73,997 | +4,028% |
| Intangible fixed assets | 21 | - | €925 | +€925 | |
| Tangible fixed assets | 22/27 | €1,837 | €74,909 | +€73,072 | +3,978% |
| Plant, machinery and equipment | 23 | €1,837 | €17,429 | +€15,592 | +849% |
| Furniture and vehicles | 24 | - | €57,480 | +€57,480 | |
| Current assets | 29/58 | €32,397 | €35,739 | +€3,342 | +10.3% |
| Amounts receivable within one year | 40/41 | €11,264 | €1,945 | -€9,319 | -82.7% |
| Trade receivables | 40 | €11,264 | €586 | -€10,678 | -94.8% |
| Other amounts receivable | 41 | - | €1,359 | +€1,359 | |
| Cash at bank and in hand | 54/58 | €20,751 | €32,628 | +€11,877 | +57.2% |
| Deferred charges and accrued income | 490/1 | €382 | €1,166 | +€784 | +205% |
| Total equity and liabilities | 10/49 | €35,594 | €112,656 | +€77,062 | +217% |
| Equity | 10/15 | €17,130 | €37,735 | +€20,605 | +120% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €15,930 | €36,535 | +€20,605 | +129% |
| Distributable reserves | 133 | €15,930 | €36,535 | +€20,605 | +129% |
| Amounts payable | 17/49 | €18,464 | €74,921 | +€56,457 | +306% |
| Amounts payable after more than one year | 17 | - | €27,704 | +€27,704 | |
| Financial debts | 170/4 | - | €27,704 | +€27,704 | |
| Amounts payable within one year | 42/48 | €18,464 | €47,217 | +€28,753 | +156% |
| Current portion of amounts payable after more than one year | 42 | - | €12,506 | +€12,506 | |
| Financial debts | 43 | - | €193 | +€193 | |
| Credit institutions | 430/8 | - | €193 | +€193 | |
| Trade debts | 44 | €1,198 | €151 | -€1,047 | -87.4% |
| Suppliers | 440/4 | €1,198 | €151 | -€1,047 | -87.4% |
| Taxes, remuneration and social security | 45 | €10,359 | €15,530 | +€5,171 | +49.9% |
| Taxes | 450/3 | €10,359 | €15,530 | +€5,171 | +49.9% |
| Other amounts payable | 47/48 | €6,907 | €18,837 | +€11,930 | +173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63 | €16,942 | +€16,879 | +26,792% |
| Other operating charges | 640/8 | €23 | €1,254 | +€1,231 | +5,352% |
| Gross operating margin | 9900 | €22,200 | €49,692 | +€27,492 | +124% |
| Operating profit (loss) | 9901 | €22,114 | €31,496 | +€9,382 | +42.4% |
| Financial income | 75/76B | - | €242 | +€242 | |
| Recurring financial income | 75 | - | €242 | +€242 | |
| Financial charges | 65/66B | - | €2,270 | +€2,270 | |
| Recurring financial charges | 65 | - | €2,270 | +€2,270 | |
| Profit (loss) for the period before taxes | 9903 | €22,114 | €29,468 | +€7,354 | +33.3% |
| Income taxes | 67/77 | €6,184 | €8,863 | +€2,679 | +43.3% |
| Profit (loss) for the period | 9904 | €15,930 | €20,605 | +€4,675 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,930 | €20,605 | +€4,675 | +29.3% |
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 24 October 2026 via checked.be.