REPLIQUES: 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.
REPLIQUES
Largest movements
- Cash +€46,894
up €46,894 (+95.9%), from €48,886 to €95,780
mainly Net result for the year (+€90,131) and Other debts (+€70,068)
- Receivables within one year +€25,194
up €25,194 (+142.0%), from €17,740 to €42,934
of which Trade receivables: +€37,251
- Tangible fixed assets +€2,908
up €2,908 (+8.2%), from €35,314 to €38,222
- Other debts +€70,068
up €70,068 (+103.0%), from €67,999 to €138,067
- Short-term financial debts -€18,358
no longer reported in 2025 (was €18,358)
- Tax, wage and social debts +€13,536
up €13,536 (+1661.9%), from €815 to €14,351
- Trade debts +€6,673
up €6,673 (+311.1%), from €2,145 to €8,818
- Accrued charges and deferred income +€3,245
up €3,245 (+907.9%), from €357 to €3,602
- Gross operating margin +€52,133
up €52,133 (+68.6%), from €75,977 to €128,109
- Write-downs -€15,365
down €15,365, from €7,683 to -€7,683
- Taxes +€12,420
up €12,420 (+89.9%), from €13,821 to €26,241
- Other operating charges +€7,539
up €7,539 (+792.1%), from €952 to €8,491
- Depreciation +€4,453
up €4,453 (+104.8%), from €4,251 to €8,703
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 | €102,174 | €177,338 | +€75,164 | +73.6% |
| Fixed assets | 21/28 | €35,314 | €38,222 | +€2,908 | +8.2% |
| Tangible fixed assets | 22/27 | €35,314 | €38,222 | +€2,908 | +8.2% |
| Furniture and vehicles | 24 | €35,314 | €38,222 | +€2,908 | +8.2% |
| Current assets | 29/58 | €66,859 | €139,116 | +€72,257 | +108.1% |
| Amounts receivable within one year | 40/41 | €17,740 | €42,934 | +€25,194 | +142.0% |
| Trade receivables | 40 | €2,683 | €39,934 | +€37,251 | +1388.7% |
| Other amounts receivable | 41 | €15,057 | €3,000 | -€12,057 | -80.1% |
| Cash at bank and in hand | 54/58 | €48,886 | €95,780 | +€46,894 | +95.9% |
| Deferred charges and accrued income | 490/1 | €234 | €402 | +€168 | +71.7% |
| Total equity and liabilities | 10/49 | €102,174 | €177,338 | +€75,164 | +73.6% |
| Equity | 10/15 | €12,500 | €12,500 | = | 0.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable | 17/49 | €89,674 | €164,838 | +€75,164 | +83.8% |
| Amounts payable within one year | 42/48 | €89,316 | €161,236 | +€71,920 | +80.5% |
| Financial debts | 43 | €18,358 | - | -€18,358 | |
| Credit institutions | 430/8 | €18,358 | - | -€18,358 | |
| Trade debts | 44 | €2,145 | €8,818 | +€6,673 | +311.1% |
| Suppliers | 440/4 | €2,145 | €8,818 | +€6,673 | +311.1% |
| Taxes, remuneration and social security | 45 | €815 | €14,351 | +€13,536 | +1661.9% |
| Taxes | 450/3 | €815 | €14,351 | +€13,536 | +1661.9% |
| Other amounts payable | 47/48 | €67,999 | €138,067 | +€70,068 | +103.0% |
| Accrued charges and deferred income | 492/3 | €357 | €3,602 | +€3,245 | +907.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,251 | €8,703 | +€4,453 | +104.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,683 | -€7,683 | -€15,365 | |
| Other operating charges | 640/8 | €952 | €8,491 | +€7,539 | +792.1% |
| Gross operating margin | 9900 | €75,977 | €128,109 | +€52,133 | +68.6% |
| Operating profit (loss) | 9901 | €63,092 | €118,597 | +€55,506 | +88.0% |
| Financial income | 75/76B | €20 | €27 | +€7 | +34.8% |
| Recurring financial income | 75 | €20 | €27 | +€7 | +34.8% |
| Financial charges | 65/66B | €2,467 | €2,251 | -€216 | -8.7% |
| Recurring financial charges | 65 | €2,467 | €2,251 | -€216 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €60,645 | €116,373 | +€55,728 | +91.9% |
| Income taxes | 67/77 | €13,821 | €26,241 | +€12,420 | +89.9% |
| Profit (loss) for the period | 9904 | €46,823 | €90,131 | +€43,308 | +92.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,823 | €90,131 | +€43,308 | +92.5% |
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 9 October 2026 via checked.be.