S & O: 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.
S & O
Largest movements
- Current investments +€26,964
new in 2025: €26,964
- Cash -€22,599
no longer reported in 2025 (was €22,599)
mainly Current investments (-€26,964) and Receivables within one year (-€2,002)
- Receivables within one year +€2,002
up €2,002 (+35.4%), from €5,652 to €7,654
of which Trade receivables: +€4,014
- Reserves +€3,175
up €3,175 (+32.0%), from €9,910 to €13,085
of which Distributable reserves: +€3,000
- Tax, wage and social debts +€1,642
new in 2025: €1,642
- Trade debts +€759
up €759 (+259%), from €293 to €1,051
- Other debts +€463
up €463 (+101%), from €459 to €922
- Gross operating margin -€7,642
down €7,642 (-60.4%), from €12,658 to €5,016
- Taxes -€1,728
down €1,728 (-54.6%), from €3,165 to €1,437
- Other operating charges -€221
no longer reported in 2025 (was €221)
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 | €28,251 | €34,618 | +€6,367 | +22.5% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Current assets | 29/58 | €28,251 | €34,618 | +€6,367 | +22.5% |
| Amounts receivable within one year | 40/41 | €5,652 | €7,654 | +€2,002 | +35.4% |
| Trade receivables | 40 | €3,640 | €7,654 | +€4,014 | +110% |
| Other amounts receivable | 41 | €2,012 | - | -€2,012 | |
| Current investments | 50/53 | - | €26,964 | +€26,964 | |
| Cash at bank and in hand | 54/58 | €22,599 | - | -€22,599 | |
| Total equity and liabilities | 10/49 | €28,251 | €34,618 | +€6,367 | +22.5% |
| Equity | 10/15 | €27,499 | €31,003 | +€3,504 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €9,910 | €13,085 | +€3,175 | +32.0% |
| Non-distributable reserves | 130/1 | €1,410 | €1,585 | +€175 | +12.4% |
| Legal reserve | 130 | €1,410 | €1,585 | +€175 | +12.4% |
| Distributable reserves | 133 | €8,500 | €11,500 | +€3,000 | +35.3% |
| Profit (loss) carried forward | 14 | €11,389 | €11,718 | +€329 | +2.9% |
| Amounts payable | 17/49 | €752 | €3,615 | +€2,863 | +381% |
| Amounts payable within one year | 42/48 | €752 | €3,615 | +€2,863 | +381% |
| Trade debts | 44 | €293 | €1,051 | +€759 | +259% |
| Suppliers | 440/4 | €293 | €1,051 | +€759 | +259% |
| Taxes, remuneration and social security | 45 | - | €1,642 | +€1,642 | |
| Taxes | 450/3 | - | €1,642 | +€1,642 | |
| Other amounts payable | 47/48 | €459 | €922 | +€463 | +101% |
| Other operating charges | 640/8 | €221 | - | -€221 | |
| Gross operating margin | 9900 | €12,658 | €5,016 | -€7,642 | -60.4% |
| Operating profit (loss) | 9901 | €12,436 | €5,016 | -€7,420 | -59.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €12,363 | €4,941 | -€7,422 | -60.0% |
| Income taxes | 67/77 | €3,165 | €1,437 | -€1,728 | -54.6% |
| Profit (loss) for the period | 9904 | €9,198 | €3,504 | -€5,694 | -61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,198 | €3,504 | -€5,694 | -61.9% |
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 13 October 2026 via checked.be.