ROBUST GROWTH: 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.
ROBUST GROWTH
Largest movements
- Cash +€12,916
up €12,916 (+97.7%), from €13,215 to €26,130
mainly Net result for the year (+€5,423) and Tax, wage and social debts (+€4,525)
- Receivables after one year -€3,618
down €3,618 (-17.9%), from €20,268 to €16,650
- Receivables within one year -€2,594
down €2,594 (-40.5%), from €6,404 to €3,810
- Tangible fixed assets +€1,464
up €1,464 (+49.4%), from €2,962 to €4,426
of which Plant, machinery and equipment: +€1,555
- Reserves +€5,423
up €5,423 (+14.8%), from €36,557 to €41,979
- Tax, wage and social debts +€4,525
up €4,525 (+282%), from €1,607 to €6,133
- Trade debts -€1,781
down €1,781 (-66.3%), from €2,685 to €905
- Gross operating margin -€6,107
down €6,107 (-38.4%), from €15,905 to €9,799
- Taxes -€1,973
down €1,973 (-47.1%), from €4,190 to €2,217
- Depreciation +€745
up €745 (+34.7%), from €2,150 to €2,895
- Financial income -€240
down €240 (-19.3%), from €1,241 to €1,001
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 | €42,849 | €51,017 | +€8,167 | +19.1% |
| Fixed assets | 21/28 | €2,962 | €4,426 | +€1,464 | +49.4% |
| Tangible fixed assets | 22/27 | €2,962 | €4,426 | +€1,464 | +49.4% |
| Plant, machinery and equipment | 23 | - | €1,555 | +€1,555 | |
| Furniture and vehicles | 24 | €2,962 | €2,872 | -€90 | -3.0% |
| Current assets | 29/58 | €39,887 | €46,590 | +€6,703 | +16.8% |
| Amounts receivable after more than one year | 29 | €20,268 | €16,650 | -€3,618 | -17.9% |
| Other amounts receivable | 291 | €20,268 | €16,650 | -€3,618 | -17.9% |
| Amounts receivable within one year | 40/41 | €6,404 | €3,810 | -€2,594 | -40.5% |
| Other amounts receivable | 41 | €6,404 | €3,810 | -€2,594 | -40.5% |
| Cash at bank and in hand | 54/58 | €13,215 | €26,130 | +€12,916 | +97.7% |
| Total equity and liabilities | 10/49 | €42,849 | €51,017 | +€8,167 | +19.1% |
| Equity | 10/15 | €38,557 | €43,979 | +€5,423 | +14.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,557 | €41,979 | +€5,423 | +14.8% |
| Distributable reserves | 133 | €36,557 | €41,979 | +€5,423 | +14.8% |
| Amounts payable | 17/49 | €4,293 | €7,038 | +€2,745 | +63.9% |
| Amounts payable within one year | 42/48 | €4,293 | €7,038 | +€2,745 | +63.9% |
| Trade debts | 44 | €2,685 | €905 | -€1,781 | -66.3% |
| Suppliers | 440/4 | €2,685 | €905 | -€1,781 | -66.3% |
| Taxes, remuneration and social security | 45 | €1,607 | €6,133 | +€4,525 | +282% |
| Taxes | 450/3 | €1,607 | €6,133 | +€4,525 | +282% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,150 | €2,895 | +€745 | +34.7% |
| Other operating charges | 640/8 | €46 | €141 | +€95 | +205% |
| Gross operating margin | 9900 | €15,905 | €9,799 | -€6,107 | -38.4% |
| Operating profit (loss) | 9901 | €13,710 | €6,763 | -€6,946 | -50.7% |
| Financial income | 75/76B | €1,241 | €1,001 | -€240 | -19.3% |
| Recurring financial income | 75 | €1,241 | €1,001 | -€240 | -19.3% |
| Financial charges | 65/66B | €135 | €125 | -€11 | -7.9% |
| Recurring financial charges | 65 | €135 | €125 | -€11 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €14,815 | €7,640 | -€7,176 | -48.4% |
| Income taxes | 67/77 | €4,190 | €2,217 | -€1,973 | -47.1% |
| Profit (loss) for the period | 9904 | €10,625 | €5,423 | -€5,203 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,625 | €5,423 | -€5,203 | -49.0% |
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.