ROUTE 2030: 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.
ROUTE 2030
Largest movements
- Cash +€75,253
up €75,253 (+113%), from €66,582 to €141,836
mainly Net result for the year (+€66,318) and Receivables within one year (+€59,968)
- Receivables within one year -€59,968
down €59,968 (-61.8%), from €96,975 to €37,008
of which Trade receivables: -€61,628
- Receivables after one year +€14,864
up €14,864 (+6.7%), from €220,285 to €235,149
- Reserves +€66,318
up €66,318 (+24.2%), from €274,128 to €340,446
of which Distributable reserves: +€66,318
- Tax, wage and social debts -€45,009
down €45,009 (-55.4%), from €81,198 to €36,189
of which Taxes: -€39,579
- Trade debts +€6,762
up €6,762 (+99.6%), from €6,792 to €13,554
- Gross operating margin +€68,299
up €68,299 (+60.5%), from €112,881 to €181,180
- Staff costs +€22,750
up €22,750 (+26.5%), from €85,848 to €108,598
- Financial income +€15,302
up €15,302 (+5,372%), from €285 to €15,587
- Taxes +€12,569
up €12,569 (+231%), from €5,432 to €18,001
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 | €392,414 | €420,168 | +€27,754 | +7.1% |
| Fixed assets | 21/28 | €8,572 | €6,176 | -€2,396 | -27.9% |
| Tangible fixed assets | 22/27 | €8,572 | €6,176 | -€2,396 | -27.9% |
| Furniture and vehicles | 24 | €8,572 | €6,176 | -€2,396 | -27.9% |
| Current assets | 29/58 | €383,843 | €413,992 | +€30,150 | +7.9% |
| Amounts receivable after more than one year | 29 | €220,285 | €235,149 | +€14,864 | +6.7% |
| Trade receivables | 290 | €220,285 | €235,149 | +€14,864 | +6.7% |
| Amounts receivable within one year | 40/41 | €96,975 | €37,008 | -€59,968 | -61.8% |
| Trade receivables | 40 | €89,714 | €28,086 | -€61,628 | -68.7% |
| Other amounts receivable | 41 | €7,261 | €8,921 | +€1,660 | +22.9% |
| Cash at bank and in hand | 54/58 | €66,582 | €141,836 | +€75,253 | +113% |
| Total equity and liabilities | 10/49 | €392,414 | €420,168 | +€27,754 | +7.1% |
| Equity | 10/15 | €279,128 | €345,446 | +€66,318 | +23.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €274,128 | €340,446 | +€66,318 | +24.2% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €273,628 | €339,946 | +€66,318 | +24.2% |
| Amounts payable | 17/49 | €113,286 | €74,722 | -€38,564 | -34.0% |
| Amounts payable within one year | 42/48 | €113,286 | €74,722 | -€38,564 | -34.0% |
| Trade debts | 44 | €6,792 | €13,554 | +€6,762 | +99.6% |
| Suppliers | 440/4 | €6,792 | €13,554 | +€6,762 | +99.6% |
| Taxes, remuneration and social security | 45 | €81,198 | €36,189 | -€45,009 | -55.4% |
| Taxes | 450/3 | €67,092 | €27,512 | -€39,579 | -59.0% |
| Remuneration and social security | 454/9 | €14,106 | €8,676 | -€5,430 | -38.5% |
| Other amounts payable | 47/48 | €25,296 | €24,979 | -€318 | -1.3% |
| Remuneration, social security and pensions | 62 | €85,848 | €108,598 | +€22,750 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,992 | €2,396 | +€404 | +20.3% |
| Other operating charges | 640/8 | €514 | €958 | +€444 | +86.4% |
| Gross operating margin | 9900 | €112,881 | €181,180 | +€68,299 | +60.5% |
| Operating profit (loss) | 9901 | €24,527 | €69,228 | +€44,700 | +182% |
| Financial income | 75/76B | €285 | €15,587 | +€15,302 | +5,372% |
| Recurring financial income | 75 | €285 | €15,587 | +€15,302 | +5,372% |
| Financial charges | 65/66B | €504 | €495 | -€9 | -1.7% |
| Recurring financial charges | 65 | €504 | €495 | -€9 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | €24,308 | €84,319 | +€60,011 | +247% |
| Income taxes | 67/77 | €5,432 | €18,001 | +€12,569 | +231% |
| Profit (loss) for the period | 9904 | €18,876 | €66,318 | +€47,442 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €18,876 | €66,318 | +€47,442 | +251% |
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 19 October 2026 via checked.be.