RESOURCES: 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.
RESOURCES
Largest movements
- Cash +€11,445
up €11,445 (+17.5%), from €65,544 to €76,988
mainly Net result for the year (+€8,794) and Receivables within one year (+€1,405)
- Receivables within one year -€1,405
down €1,405 (-10.0%), from €14,099 to €12,694
of which Other amounts receivable: -€1,968
- Reserves +€8,794
up €8,794 (+17.4%), from €50,659 to €59,453
of which Distributable reserves: +€8,794
- Gross operating margin -€7,919
down €7,919 (-37.9%), from €20,909 to €12,990
- Depreciation +€858
up €858 (+297.8%), from €288 to €1,146
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 | €86,397 | €96,028 | +€9,631 | +11.1% |
| Fixed assets | 21/28 | €6,042 | €6,152 | +€110 | +1.8% |
| Tangible fixed assets | 22/27 | €6,042 | €6,152 | +€110 | +1.8% |
| Furniture and vehicles | 24 | €6,042 | €6,152 | +€110 | +1.8% |
| Current assets | 29/58 | €80,355 | €89,876 | +€9,521 | +11.8% |
| Amounts receivable within one year | 40/41 | €14,099 | €12,694 | -€1,405 | -10.0% |
| Trade receivables | 40 | €11,253 | €11,816 | +€563 | +5.0% |
| Other amounts receivable | 41 | €2,846 | €878 | -€1,968 | -69.1% |
| Cash at bank and in hand | 54/58 | €65,544 | €76,988 | +€11,445 | +17.5% |
| Deferred charges and accrued income | 490/1 | €713 | €193 | -€519 | -72.9% |
| Total equity and liabilities | 10/49 | €86,397 | €96,028 | +€9,631 | +11.1% |
| Equity | 10/15 | €75,659 | €84,453 | +€8,794 | +11.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €50,659 | €59,453 | +€8,794 | +17.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €48,159 | €56,953 | +€8,794 | +18.3% |
| Amounts payable | 17/49 | €10,738 | €11,575 | +€836 | +7.8% |
| Amounts payable within one year | 42/48 | €10,738 | €11,575 | +€836 | +7.8% |
| Trade debts | 44 | €662 | €1,067 | +€404 | +61.1% |
| Suppliers | 440/4 | €662 | €1,067 | +€404 | +61.1% |
| Taxes, remuneration and social security | 45 | €9,241 | €9,586 | +€345 | +3.7% |
| Taxes | 450/3 | €9,241 | €9,586 | +€345 | +3.7% |
| Other amounts payable | 47/48 | €835 | €922 | +€87 | +10.4% |
| Non-recurring operating income | 76A | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €288 | €1,146 | +€858 | +297.8% |
| Gross operating margin | 9900 | €20,909 | €12,990 | -€7,919 | -37.9% |
| Operating profit (loss) | 9901 | €20,620 | €11,844 | -€8,777 | -42.6% |
| Financial income | 75/76B | €130 | €231 | +€101 | +77.4% |
| Recurring financial income | 75 | €130 | €231 | +€101 | +77.4% |
| Financial charges | 65/66B | €62 | €89 | +€27 | +43.6% |
| Recurring financial charges | 65 | €62 | €89 | +€27 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €20,688 | €11,986 | -€8,703 | -42.1% |
| Income taxes | 67/77 | €3,087 | €3,191 | +€104 | +3.4% |
| Profit (loss) for the period | 9904 | €17,601 | €8,794 | -€8,807 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,601 | €8,794 | -€8,807 | -50.0% |
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 29 September 2026 via checked.be.