RESULD: 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.
RESULD
Largest movements
- Receivables within one year +€52,581
up €52,581 (+210.6%), from €24,965 to €77,546
of which Trade receivables: +€71,950
- Reserves +€86,840
up €86,840 (+47.7%), from €182,127 to €268,967
of which Distributable reserves: +€86,840
- Debts after one year -€72,162
down €72,162 (-10.0%), from €718,765 to €646,603
- Tax, wage and social debts +€15,759
up €15,759 (+203.3%), from €7,752 to €23,511
of which Taxes: +€15,759
- Trade debts +€14,681
up €14,681 (+30.5%), from €48,149 to €62,830
- Financial income +€59,867
up €59,867 (+7786.5%), from €769 to €60,636
- Taxes +€19,618
up €19,618 (+164.1%), from €11,957 to €31,575
- Gross operating margin +€13,913
up €13,913 (+28.3%), from €49,138 to €63,051
- Financial charges -€730
down €730 (-18.0%), from €4,051 to €3,321
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 | €1,042,676 | €1,089,598 | +€46,922 | +4.5% |
| Fixed assets | 21/28 | €1,001,858 | €1,001,746 | -€112 | 0.0% |
| Tangible fixed assets | 22/27 | €1,858 | €1,746 | -€112 | -6.1% |
| Land and buildings | 22 | €1,858 | €1,746 | -€112 | -6.1% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €40,818 | €87,852 | +€47,035 | +115.2% |
| Amounts receivable within one year | 40/41 | €24,965 | €77,546 | +€52,581 | +210.6% |
| Trade receivables | 40 | €50 | €72,000 | +€71,950 | +143900.0% |
| Other amounts receivable | 41 | €24,915 | €5,546 | -€19,369 | -77.7% |
| Cash at bank and in hand | 54/58 | €13,446 | €5,251 | -€8,195 | -60.9% |
| Deferred charges and accrued income | 490/1 | €2,406 | €5,056 | +€2,649 | +110.1% |
| Total equity and liabilities | 10/49 | €1,042,676 | €1,089,598 | +€46,922 | +4.5% |
| Equity | 10/15 | €192,127 | €278,967 | +€86,840 | +45.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €182,127 | €268,967 | +€86,840 | +47.7% |
| Tax-exempt reserves | 132 | €52,629 | €52,629 | = | 0.0% |
| Distributable reserves | 133 | €129,497 | €216,338 | +€86,840 | +67.1% |
| Amounts payable | 17/49 | €850,549 | €810,632 | -€39,918 | -4.7% |
| Amounts payable after more than one year | 17 | €718,765 | €646,603 | -€72,162 | -10.0% |
| Financial debts | 170/4 | €718,765 | €646,603 | -€72,162 | -10.0% |
| Amounts payable within one year | 42/48 | €131,784 | €164,028 | +€32,244 | +24.5% |
| Current portion of amounts payable after more than one year | 42 | €71,413 | €72,162 | +€749 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €48,149 | €62,830 | +€14,681 | +30.5% |
| Suppliers | 440/4 | €48,149 | €62,830 | +€14,681 | +30.5% |
| Taxes, remuneration and social security | 45 | €7,752 | €23,511 | +€15,759 | +203.3% |
| Taxes | 450/3 | €4,952 | €20,711 | +€15,759 | +318.2% |
| Remuneration and social security | 454/9 | €2,800 | €2,800 | = | 0.0% |
| Other amounts payable | 47/48 | €4,470 | €5,525 | +€1,055 | +23.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €167 | €0 | -€167 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112 | €112 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,521 | €1,838 | +€317 | +20.8% |
| Gross operating margin | 9900 | €49,138 | €63,051 | +€13,913 | +28.3% |
| Operating profit (loss) | 9901 | €47,337 | €61,100 | +€13,763 | +29.1% |
| Financial income | 75/76B | €769 | €60,636 | +€59,867 | +7786.5% |
| Recurring financial income | 75 | €769 | €60,636 | +€59,867 | +7786.5% |
| Financial charges | 65/66B | €4,051 | €3,321 | -€730 | -18.0% |
| Recurring financial charges | 65 | €4,051 | €3,321 | -€730 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €44,055 | €118,415 | +€74,360 | +168.8% |
| Income taxes | 67/77 | €11,957 | €31,575 | +€19,618 | +164.1% |
| Profit (loss) for the period | 9904 | €32,098 | €86,840 | +€54,743 | +170.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €32,098 | €86,840 | +€54,743 | +170.6% |
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 30 September 2026 via checked.be.