Root2Code: 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.
Root2Code
Largest movements
- Cash +€25,396
up €25,396 (+228.9%), from €11,093 to €36,489
mainly Net result for the year (+€24,740) and Tax, wage and social debts (+€7,228)
- Receivables within one year +€3,936
up €3,936 (+29.8%), from €13,196 to €17,132
of which Trade receivables: +€3,920
- Deferred charges and accrued income +€1,217
new in 2025: €1,217
- Tangible fixed assets -€951
down €951 (-48.1%), from €1,977 to €1,026
- Reserves +€24,740
up €24,740 (+281.9%), from €8,777 to €33,517
- Tax, wage and social debts +€7,228
up €7,228 (+180.2%), from €4,012 to €11,240
- Other debts -€3,436
down €3,436 (-49.3%), from €6,973 to €3,537
- Trade debts +€1,066
up €1,066 (+70.8%), from €1,504 to €2,570
- Gross operating margin +€22,634
up €22,634 (+189.7%), from €11,934 to €34,568
- Taxes +€3,975
up €3,975 (+177.0%), from €2,246 to €6,221
- Financial charges +€2,312
up €2,312 (+5978.8%), from €39 to €2,351
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 | €26,266 | €55,864 | +€29,598 | +112.7% |
| Fixed assets | 21/28 | €1,977 | €1,026 | -€951 | -48.1% |
| Tangible fixed assets | 22/27 | €1,977 | €1,026 | -€951 | -48.1% |
| Furniture and vehicles | 24 | €1,977 | €1,026 | -€951 | -48.1% |
| Current assets | 29/58 | €24,289 | €54,838 | +€30,549 | +125.8% |
| Amounts receivable within one year | 40/41 | €13,196 | €17,132 | +€3,936 | +29.8% |
| Trade receivables | 40 | €13,196 | €17,116 | +€3,920 | +29.7% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Cash at bank and in hand | 54/58 | €11,093 | €36,489 | +€25,396 | +228.9% |
| Deferred charges and accrued income | 490/1 | - | €1,217 | +€1,217 | |
| Total equity and liabilities | 10/49 | €26,266 | €55,864 | +€29,598 | +112.7% |
| Equity | 10/15 | €13,777 | €38,517 | +€24,740 | +179.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,777 | €33,517 | +€24,740 | +281.9% |
| Distributable reserves | 133 | €8,777 | €33,517 | +€24,740 | +281.9% |
| Amounts payable | 17/49 | €12,489 | €17,347 | +€4,858 | +38.9% |
| Amounts payable within one year | 42/48 | €12,489 | €17,347 | +€4,858 | +38.9% |
| Trade debts | 44 | €1,504 | €2,570 | +€1,066 | +70.8% |
| Suppliers | 440/4 | €1,504 | €2,570 | +€1,066 | +70.8% |
| Taxes, remuneration and social security | 45 | €4,012 | €11,240 | +€7,228 | +180.2% |
| Taxes | 450/3 | €4,012 | €11,240 | +€7,228 | +180.2% |
| Other amounts payable | 47/48 | €6,973 | €3,537 | -€3,436 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €875 | €951 | +€76 | +8.6% |
| Other operating charges | 640/8 | - | €306 | +€306 | |
| Gross operating margin | 9900 | €11,934 | €34,568 | +€22,634 | +189.7% |
| Operating profit (loss) | 9901 | €11,059 | €33,312 | +€22,253 | +201.2% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100.0% |
| Financial charges | 65/66B | €39 | €2,351 | +€2,312 | +5978.8% |
| Recurring financial charges | 65 | €39 | €2,351 | +€2,312 | +5978.8% |
| Profit (loss) for the period before taxes | 9903 | €11,023 | €30,961 | +€19,938 | +180.9% |
| Income taxes | 67/77 | €2,246 | €6,221 | +€3,975 | +177.0% |
| Profit (loss) for the period | 9904 | €8,777 | €24,740 | +€15,963 | +181.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,777 | €24,740 | +€15,963 | +181.9% |
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 6 October 2026 via checked.be.