RESULTANCE: 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.
RESULTANCE
Largest movements
- Financial fixed assets -€30,000
down €30,000 (-24.1%), from €124,432 to €94,432
- Receivables within one year -€12,168
down €12,168 (-12.1%), from €100,640 to €88,472
of which Other amounts receivable: -€12,253
- Cash +€4,858
up €4,858 (+13.3%), from €36,559 to €41,417
mainly Investment in fixed assets (net) (+€27,248) and Net result for the year (+€18,402)
- Deferred charges and accrued income +€3,646
up €3,646 (+403%), from €905 to €4,552
- Profit (loss) carried forward -€27,371
down €27,371 (-100%), from €27,371 to €0
- Tax, wage and social debts +€4,908
up €4,908 (+28.5%), from €17,208 to €22,116
of which Remuneration and social security: +€4,169
- Trade debts -€4,374
down €4,374 (-11.1%), from €39,490 to €35,116
- Reserves -€4,227
down €4,227 (-8.2%), from €51,683 to €47,456
of which Distributable reserves: -€4,227
- Financial charges +€28,173
up €28,173 (+774%), from €3,638 to €31,811
of which Non-recurring financial charges: +€30,000
- Gross operating margin -€23,889
down €23,889 (-15.5%), from €153,762 to €129,874
- Taxes -€4,239
down €4,239 (-54.9%), from €7,716 to €3,477
- Other operating charges +€3,416
up €3,416 (+439%), from €778 to €4,194
- Staff costs -€1,728
down €1,728 (-2.4%), from €73,139 to €71,412
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 | €274,816 | €243,324 | -€31,492 | -11.5% |
| Fixed assets | 21/28 | €136,712 | €108,883 | -€27,828 | -20.4% |
| Tangible fixed assets | 22/27 | €12,280 | €14,452 | +€2,172 | +17.7% |
| Plant, machinery and equipment | 23 | - | €2,404 | +€2,404 | |
| Furniture and vehicles | 24 | €12,280 | €12,048 | -€232 | -1.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €124,432 | €94,432 | -€30,000 | -24.1% |
| Current assets | 29/58 | €138,105 | €134,441 | -€3,664 | -2.7% |
| Amounts receivable within one year | 40/41 | €100,640 | €88,472 | -€12,168 | -12.1% |
| Trade receivables | 40 | €15,338 | €15,423 | +€85 | +0.6% |
| Other amounts receivable | 41 | €85,302 | €73,049 | -€12,253 | -14.4% |
| Cash at bank and in hand | 54/58 | €36,559 | €41,417 | +€4,858 | +13.3% |
| Deferred charges and accrued income | 490/1 | €905 | €4,552 | +€3,646 | +403% |
| Total equity and liabilities | 10/49 | €274,816 | €243,324 | -€31,492 | -11.5% |
| Equity | 10/15 | €141,054 | €109,456 | -€31,598 | -22.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | €62,000 | = | 0.0% |
| Other | 1109/19 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €51,683 | €47,456 | -€4,227 | -8.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €30,483 | €26,256 | -€4,227 | -13.9% |
| Profit (loss) carried forward | 14 | €27,371 | €0 | -€27,371 | -100% |
| Amounts payable | 17/49 | €133,762 | €133,868 | +€106 | +0.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €128,922 | €129,028 | +€106 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €2,587 | €0 | -€2,587 | -100% |
| Trade debts | 44 | €39,490 | €35,116 | -€4,374 | -11.1% |
| Suppliers | 440/4 | €39,490 | €35,116 | -€4,374 | -11.1% |
| Taxes, remuneration and social security | 45 | €17,208 | €22,116 | +€4,908 | +28.5% |
| Taxes | 450/3 | €10,439 | €11,177 | +€738 | +7.1% |
| Remuneration and social security | 454/9 | €6,770 | €10,939 | +€4,169 | +61.6% |
| Other amounts payable | 47/48 | €69,637 | €71,796 | +€2,159 | +3.1% |
| Accrued charges and deferred income | 492/3 | €4,840 | €4,840 | = | 0.0% |
| Non-recurring operating income | 76A | €9,310 | €0 | -€9,310 | -100% |
| Remuneration, social security and pensions | 62 | €73,139 | €71,412 | -€1,728 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,706 | €580 | -€1,126 | -66.0% |
| Other operating charges | 640/8 | €778 | €4,194 | +€3,416 | +439% |
| Non-recurring operating charges | 66A | €97 | €0 | -€97 | -100% |
| Gross operating margin | 9900 | €153,762 | €129,874 | -€23,889 | -15.5% |
| Operating profit (loss) | 9901 | €78,042 | €53,688 | -€24,354 | -31.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,638 | €31,811 | +€28,173 | +774% |
| Recurring financial charges | 65 | €3,638 | €1,811 | -€1,827 | -50.2% |
| Non-recurring financial charges | 66B | - | €30,000 | +€30,000 | |
| Profit (loss) for the period before taxes | 9903 | €74,404 | €21,879 | -€52,525 | -70.6% |
| Income taxes | 67/77 | €7,716 | €3,477 | -€4,239 | -54.9% |
| Profit (loss) for the period | 9904 | €66,688 | €18,402 | -€48,286 | -72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,688 | €18,402 | -€48,286 | -72.4% |
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 16 October 2026 via checked.be.