Resectio: 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.
Resectio
Largest movements
- Cash +€19,669
up €19,669 (+71.0%), from €27,686 to €47,356
mainly Net result for the year (+€28,540) and Investment in fixed assets (net) (+€10,310)
- Tangible fixed assets -€10,607
down €10,607 (-91.0%), from €11,652 to €1,046
- Receivables within one year +€9,025
up €9,025 (+223.5%), from €4,037 to €13,062
of which Trade receivables: +€7,102
- Deferred charges and accrued income -€852
no longer reported in 2025 (was €852)
- Profit (loss) carried forward +€27,707
up €27,707 (+133.4%), from €20,763 to €48,471
- Trade debts -€8,388
down €8,388 (-89.7%), from €9,352 to €964
- Other debts -€3,683
down €3,683 (-81.6%), from €4,516 to €833
- Accrued charges and deferred income +€1,763
new in 2025: €1,763
- Gross operating margin -€4,646
down €4,646 (-10.6%), from €43,974 to €39,328
- Other operating charges -€3,200
no longer reported in 2025 (was €3,200)
- Depreciation -€2,504
down €2,504 (-89.4%), from €2,801 to €297
- Financial charges +€2,089
up €2,089 (+564.1%), from €370 to €2,460
- Taxes -€485
down €485 (-5.6%), from €8,711 to €8,226
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 | €44,345 | €61,580 | +€17,236 | +38.9% |
| Fixed assets | 21/28 | €11,769 | €1,162 | -€10,607 | -90.1% |
| Tangible fixed assets | 22/27 | €11,652 | €1,046 | -€10,607 | -91.0% |
| Furniture and vehicles | 24 | €11,652 | €1,046 | -€10,607 | -91.0% |
| Financial fixed assets | 28 | €117 | €117 | = | 0.0% |
| Current assets | 29/58 | €32,576 | €60,418 | +€27,842 | +85.5% |
| Amounts receivable within one year | 40/41 | €4,037 | €13,062 | +€9,025 | +223.5% |
| Trade receivables | 40 | €877 | €7,979 | +€7,102 | +810.1% |
| Other amounts receivable | 41 | €3,161 | €5,083 | +€1,923 | +60.8% |
| Cash at bank and in hand | 54/58 | €27,686 | €47,356 | +€19,669 | +71.0% |
| Deferred charges and accrued income | 490/1 | €852 | - | -€852 | |
| Total equity and liabilities | 10/49 | €44,345 | €61,580 | +€17,236 | +38.9% |
| Equity | 10/15 | €24,763 | €52,471 | +€27,707 | +111.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,763 | €48,471 | +€27,707 | +133.4% |
| Amounts payable | 17/49 | €19,581 | €9,110 | -€10,472 | -53.5% |
| Amounts payable within one year | 42/48 | €19,581 | €7,347 | -€12,235 | -62.5% |
| Trade debts | 44 | €9,352 | €964 | -€8,388 | -89.7% |
| Suppliers | 440/4 | €9,352 | €964 | -€8,388 | -89.7% |
| Taxes, remuneration and social security | 45 | €5,713 | €5,549 | -€164 | -2.9% |
| Taxes | 450/3 | €5,713 | €5,549 | -€164 | -2.9% |
| Other amounts payable | 47/48 | €4,516 | €833 | -€3,683 | -81.6% |
| Accrued charges and deferred income | 492/3 | - | €1,763 | +€1,763 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,801 | €297 | -€2,504 | -89.4% |
| Other operating charges | 640/8 | €3,200 | - | -€3,200 | |
| Gross operating margin | 9900 | €43,974 | €39,328 | -€4,646 | -10.6% |
| Operating profit (loss) | 9901 | €37,973 | €39,032 | +€1,058 | +2.8% |
| Financial income | 75/76B | - | €195 | +€195 | |
| Recurring financial income | 75 | - | €195 | +€195 | |
| Financial charges | 65/66B | €370 | €2,460 | +€2,089 | +564.1% |
| Recurring financial charges | 65 | €370 | €2,460 | +€2,089 | +564.1% |
| Profit (loss) for the period before taxes | 9903 | €37,603 | €36,766 | -€837 | -2.2% |
| Income taxes | 67/77 | €8,711 | €8,226 | -€485 | -5.6% |
| Profit (loss) for the period | 9904 | €28,892 | €28,540 | -€352 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,892 | €28,540 | -€352 | -1.2% |
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 5 October 2026 via checked.be.