ROBERT UNUSYAN: 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.
ROBERT UNUSYAN
Largest movements
- Cash +€21,386
up €21,386 (+110.7%), from €19,314 to €40,700
mainly Net result for the year (+€15,209) and Receivables within one year (+€9,721)
- Receivables after one year +€16,500
new in 2025: €16,500
- Receivables within one year -€9,721
down €9,721 (-59.0%), from €16,484 to €6,763
of which Trade receivables: -€12,224
- Tangible fixed assets -€3,482
down €3,482 (-32.2%), from €10,801 to €7,319
of which Furniture and vehicles: -€2,508
- Profit (loss) carried forward +€15,209
up €15,209 (+37.2%), from €40,920 to €56,129
- Trade debts +€7,845
up €7,845 (+26504.7%), from €30 to €7,875
- Tax, wage and social debts +€2,684
up €2,684 (+41.7%), from €6,437 to €9,121
- Gross operating margin +€12,887
up €12,887 (+95.1%), from €13,557 to €26,444
- Taxes +€2,251
up €2,251 (+112.9%), from €1,993 to €4,244
- Financial charges +€837
up €837 (+33.6%), from €2,496 to €3,333
- Other operating charges +€400
new in 2025: €400
- Depreciation -€298
down €298 (-7.9%), from €3,780 to €3,482
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 | €48,226 | €73,625 | +€25,399 | +52.7% |
| Fixed assets | 21/28 | €10,801 | €7,319 | -€3,482 | -32.2% |
| Tangible fixed assets | 22/27 | €10,801 | €7,319 | -€3,482 | -32.2% |
| Furniture and vehicles | 24 | €2,747 | €239 | -€2,508 | -91.3% |
| Other tangible fixed assets | 26 | €8,054 | €7,080 | -€974 | -12.1% |
| Current assets | 29/58 | €37,425 | €66,306 | +€28,881 | +77.2% |
| Amounts receivable after more than one year | 29 | - | €16,500 | +€16,500 | |
| Other amounts receivable | 291 | - | €16,500 | +€16,500 | |
| Amounts receivable within one year | 40/41 | €16,484 | €6,763 | -€9,721 | -59.0% |
| Trade receivables | 40 | €14,447 | €2,223 | -€12,224 | -84.6% |
| Other amounts receivable | 41 | €2,037 | €4,540 | +€2,503 | +122.9% |
| Current investments | 50/53 | - | €720 | +€720 | |
| Cash at bank and in hand | 54/58 | €19,314 | €40,700 | +€21,386 | +110.7% |
| Deferred charges and accrued income | 490/1 | €1,626 | €1,623 | -€3 | -0.2% |
| Total equity and liabilities | 10/49 | €48,226 | €73,625 | +€25,399 | +52.7% |
| Equity | 10/15 | €41,420 | €56,629 | +€15,209 | +36.7% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,920 | €56,129 | +€15,209 | +37.2% |
| Amounts payable | 17/49 | €6,806 | €16,996 | +€10,190 | +149.7% |
| Amounts payable within one year | 42/48 | €6,806 | €16,996 | +€10,190 | +149.7% |
| Trade debts | 44 | €30 | €7,875 | +€7,845 | +26504.7% |
| Suppliers | 440/4 | €30 | €7,875 | +€7,845 | +26504.7% |
| Taxes, remuneration and social security | 45 | €6,437 | €9,121 | +€2,684 | +41.7% |
| Taxes | 450/3 | €6,437 | €9,121 | +€2,684 | +41.7% |
| Other amounts payable | 47/48 | €339 | - | -€339 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,780 | €3,482 | -€298 | -7.9% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €13,557 | €26,444 | +€12,887 | +95.1% |
| Operating profit (loss) | 9901 | €9,776 | €22,562 | +€12,786 | +130.8% |
| Financial income | 75/76B | - | €224 | +€224 | |
| Recurring financial income | 75 | - | €224 | +€224 | |
| Financial charges | 65/66B | €2,496 | €3,333 | +€837 | +33.6% |
| Recurring financial charges | 65 | €2,496 | €3,333 | +€837 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €7,281 | €19,453 | +€12,172 | +167.2% |
| Income taxes | 67/77 | €1,993 | €4,244 | +€2,251 | +112.9% |
| Profit (loss) for the period | 9904 | €5,287 | €15,209 | +€9,922 | +187.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,287 | €15,209 | +€9,922 | +187.6% |
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 10 October 2026 via checked.be.