RESPIR-WAL: 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.
RESPIR-WAL
Largest movements
- Receivables after one year +€58,666
up €58,666 (+243%), from €24,156 to €82,823
- Cash +€28,900
up €28,900 (+24.9%), from €116,027 to €144,928
mainly Net result for the year (+€134,458) and Depreciation (+€5,417)
- Deferred charges and accrued income +€7,351
up €7,351 (+13.9%), from €52,807 to €60,158
- Tangible fixed assets -€5,417
down €5,417 (-41.6%), from €13,009 to €7,592
- Profit (loss) carried forward +€87,399
up €87,399 (+49.7%), from €176,009 to €263,409
- Gross operating margin +€92,096
up €92,096 (+82.3%), from €111,933 to €204,030
- Taxes +€23,657
up €23,657 (+95.6%), from €24,749 to €48,407
- Staff costs +€14,765
new in 2025: €14,765
- Depreciation +€2,176
up €2,176 (+67.1%), from €3,241 to €5,417
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 | €207,179 | €296,680 | +€89,501 | +43.2% |
| Fixed assets | 21/28 | €14,189 | €8,772 | -€5,417 | -38.2% |
| Tangible fixed assets | 22/27 | €13,009 | €7,592 | -€5,417 | -41.6% |
| Furniture and vehicles | 24 | €13,009 | €7,592 | -€5,417 | -41.6% |
| Financial fixed assets | 28 | €1,180 | €1,180 | = | 0.0% |
| Current assets | 29/58 | €192,991 | €287,908 | +€94,918 | +49.2% |
| Amounts receivable after more than one year | 29 | €24,156 | €82,823 | +€58,666 | +243% |
| Other amounts receivable | 291 | €24,156 | €82,823 | +€58,666 | +243% |
| Cash at bank and in hand | 54/58 | €116,027 | €144,928 | +€28,900 | +24.9% |
| Deferred charges and accrued income | 490/1 | €52,807 | €60,158 | +€7,351 | +13.9% |
| Total equity and liabilities | 10/49 | €207,179 | €296,680 | +€89,501 | +43.2% |
| Equity | 10/15 | €179,009 | €266,409 | +€87,399 | +48.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,009 | €263,409 | +€87,399 | +49.7% |
| Amounts payable | 17/49 | €28,170 | €30,272 | +€2,102 | +7.5% |
| Amounts payable within one year | 42/48 | €28,170 | €30,272 | +€2,102 | +7.5% |
| Trade debts | 44 | €331 | €1,849 | +€1,518 | +459% |
| Suppliers | 440/4 | €331 | €1,849 | +€1,518 | +459% |
| Taxes, remuneration and social security | 45 | €27,839 | €28,423 | +€584 | +2.1% |
| Taxes | 450/3 | €27,839 | €26,557 | -€1,283 | -4.6% |
| Remuneration and social security | 454/9 | - | €1,866 | +€1,866 | |
| Non-recurring operating income | 76A | €1,063 | - | -€1,063 | |
| Remuneration, social security and pensions | 62 | - | €14,765 | +€14,765 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,241 | €5,417 | +€2,176 | +67.1% |
| Other operating charges | 640/8 | €567 | €1,053 | +€485 | +85.5% |
| Gross operating margin | 9900 | €111,933 | €204,030 | +€92,096 | +82.3% |
| Operating profit (loss) | 9901 | €108,125 | €182,795 | +€74,670 | +69.1% |
| Financial income | 75/76B | €0 | €253 | +€253 | +316,425% |
| Recurring financial income | 75 | €0 | €253 | +€253 | +316,425% |
| Financial charges | 65/66B | €1,601 | €184 | -€1,417 | -88.5% |
| Recurring financial charges | 65 | €1,601 | €184 | -€1,417 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €106,524 | €182,865 | +€76,340 | +71.7% |
| Income taxes | 67/77 | €24,749 | €48,407 | +€23,657 | +95.6% |
| Profit (loss) for the period | 9904 | €81,775 | €134,458 | +€52,683 | +64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €81,775 | €134,458 | +€52,683 | +64.4% |
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 29 October 2026 via checked.be.