RIGHT ON TRACK: 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.
RIGHT ON TRACK
Largest movements
- Cash +€16,427
up €16,427 (+34.9%), from €47,092 to €63,520
mainly Net result for the year (+€26,878) and Other debts (+€13,419)
- Tangible fixed assets +€5,991
up €5,991 (+50.9%), from €11,760 to €17,750
of which Land and buildings: +€8,607
- Deferred charges and accrued income +€4,678
new in 2025: €4,678
- Receivables within one year -€1,018
down €1,018 (-6.4%), from €15,901 to €14,884
of which Other amounts receivable: -€2,893
- Other debts +€13,419
new in 2025: €13,419
- Reserves +€7,991
up €7,991 (+12.9%), from €61,872 to €69,862
- Tax, wage and social debts -€6,383
down €6,383 (-55.6%), from €11,478 to €5,096
- Profit (loss) carried forward +€5,468
no longer reported in 2025 (was -€5,468)
- Debts after one year +€3,295
new in 2025: €3,295
- Taxes -€19,959
down €19,959, from €15,805 to -€4,154
- Gross operating margin +€14,915
up €14,915 (+124%), from €12,027 to €26,943
- Depreciation +€2,480
up €2,480 (+237%), from €1,046 to €3,526
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 | €74,753 | €100,832 | +€26,079 | +34.9% |
| Fixed assets | 21/28 | €11,760 | €17,750 | +€5,991 | +50.9% |
| Tangible fixed assets | 22/27 | €11,760 | €17,750 | +€5,991 | +50.9% |
| Land and buildings | 22 | - | €8,607 | +€8,607 | |
| Furniture and vehicles | 24 | €11,760 | €9,143 | -€2,616 | -22.2% |
| Current assets | 29/58 | €62,994 | €83,081 | +€20,088 | +31.9% |
| Amounts receivable within one year | 40/41 | €15,901 | €14,884 | -€1,018 | -6.4% |
| Trade receivables | 40 | €11,752 | €13,627 | +€1,875 | +16.0% |
| Other amounts receivable | 41 | €4,150 | €1,257 | -€2,893 | -69.7% |
| Cash at bank and in hand | 54/58 | €47,092 | €63,520 | +€16,427 | +34.9% |
| Deferred charges and accrued income | 490/1 | - | €4,678 | +€4,678 | |
| Total equity and liabilities | 10/49 | €74,753 | €100,832 | +€26,079 | +34.9% |
| Equity | 10/15 | €61,404 | €74,862 | +€13,458 | +21.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €61,872 | €69,862 | +€7,991 | +12.9% |
| Non-distributable reserves | 130/1 | €61,872 | €69,862 | +€7,991 | +12.9% |
| Reserves not available under the articles | 1311 | €61,872 | €69,862 | +€7,991 | +12.9% |
| Profit (loss) carried forward | 14 | -€5,468 | - | +€5,468 | |
| Amounts payable | 17/49 | €13,349 | €25,969 | +€12,620 | +94.5% |
| Amounts payable after more than one year | 17 | - | €3,295 | +€3,295 | |
| Financial debts | 170/4 | - | €3,295 | +€3,295 | |
| Amounts payable within one year | 42/48 | €13,349 | €22,675 | +€9,325 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,723 | +€1,723 | |
| Trade debts | 44 | €1,871 | €2,437 | +€566 | +30.2% |
| Suppliers | 440/4 | €1,871 | €2,437 | +€566 | +30.2% |
| Taxes, remuneration and social security | 45 | €11,478 | €5,096 | -€6,383 | -55.6% |
| Taxes | 450/3 | €11,478 | €5,096 | -€6,383 | -55.6% |
| Other amounts payable | 47/48 | - | €13,419 | +€13,419 | |
| Remuneration, social security and pensions | 62 | €200 | - | -€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €3,526 | +€2,480 | +237% |
| Other operating charges | 640/8 | €274 | €426 | +€152 | +55.4% |
| Gross operating margin | 9900 | €12,027 | €26,943 | +€14,915 | +124% |
| Operating profit (loss) | 9901 | €10,507 | €22,991 | +€12,484 | +119% |
| Financial charges | 65/66B | €169 | €267 | +€98 | +57.7% |
| Recurring financial charges | 65 | €169 | €267 | +€98 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €10,337 | €22,723 | +€12,386 | +120% |
| Income taxes | 67/77 | €15,805 | -€4,154 | -€19,959 | |
| Profit (loss) for the period | 9904 | -€5,468 | €26,878 | +€32,345 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,468 | €26,878 | +€32,345 |
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 25 October 2026 via checked.be.