S.T. GRAPHIC: 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.T. GRAPHIC
Largest movements
- Cash +€141,296
new in 2025: €141,296
mainly Net result for the year (+€146,625) and Investment in fixed assets (net) (+€10,000)
- Financial fixed assets -€10,000
down €10,000 (-11.8%), from €85,000 to €75,000
- Receivables within one year +€9,484
up €9,484 (+12.1%), from €78,070 to €87,555
of which Trade receivables: +€22,119
- Profit (loss) carried forward +€146,625
up €146,625 (+109%), from €133,971 to €280,596
- Short-term financial debts -€6,602
no longer reported in 2025 (was €6,602)
- Trade debts +€4,911
up €4,911 (+115%), from €4,254 to €9,165
- Tax, wage and social debts -€4,483
down €4,483 (-99.3%), from €4,513 to €30
- Financial income +€161,556
new in 2025: €161,556
of which Financial income: +€161,556
- Purchases and services -€12,381
down €12,381 (-41.3%), from €30,011 to €17,630
- Gross operating margin +€5,089
up €5,089 (+30.2%), from -€16,851 to -€11,762
- Other operating charges +€715
up €715 (+505%), from €142 to €857
- Financial charges +€595
up €595 (+48.5%), from €1,227 to €1,822
of which Non-recurring financial charges: +€425
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 | €163,897 | €304,347 | +€140,451 | +85.7% |
| Fixed assets | 21/28 | €85,824 | €75,495 | -€10,329 | -12.0% |
| Tangible fixed assets | 22/27 | €824 | €495 | -€329 | -40.0% |
| Plant, machinery and equipment | 23 | €824 | €495 | -€329 | -40.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €85,000 | €75,000 | -€10,000 | -11.8% |
| Current assets | 29/58 | €78,072 | €228,852 | +€150,780 | +193% |
| Amounts receivable within one year | 40/41 | €78,070 | €87,555 | +€9,484 | +12.1% |
| Trade receivables | 40 | €818 | €22,938 | +€22,119 | +2,703% |
| Other amounts receivable | 41 | €77,252 | €64,617 | -€12,635 | -16.4% |
| Current investments | 50/53 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €141,296 | +€141,296 | |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €163,897 | €304,347 | +€140,451 | +85.7% |
| Equity | 10/15 | €148,528 | €295,152 | +€146,625 | +98.7% |
| Contributions | 10/11 | €12,697 | €12,697 | = | 0.0% |
| Capital | 10 | - | €12,697 | +€12,697 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Uncalled capital | 101 | - | €5,895 | +€5,895 | |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,971 | €280,596 | +€146,625 | +109% |
| Amounts payable | 17/49 | €15,369 | €9,195 | -€6,174 | -40.2% |
| Amounts payable within one year | 42/48 | €15,369 | €9,195 | -€6,174 | -40.2% |
| Financial debts | 43 | €6,602 | - | -€6,602 | |
| Credit institutions | 430/8 | €6,602 | - | -€6,602 | |
| Trade debts | 44 | €4,254 | €9,165 | +€4,911 | +115% |
| Suppliers | 440/4 | €4,254 | €9,165 | +€4,911 | +115% |
| Taxes, remuneration and social security | 45 | €4,513 | €30 | -€4,483 | -99.3% |
| Taxes | 450/3 | €4,513 | €30 | -€4,483 | -99.3% |
| Non-recurring operating income | 76A | €2 | - | -€2 | |
| Goods, raw materials, services and sundry goods | 60/61 | €30,011 | €17,630 | -€12,381 | -41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €676 | €329 | -€346 | -51.2% |
| Other operating charges | 640/8 | €142 | €857 | +€715 | +505% |
| Non-recurring operating charges | 66A | €0 | €161 | +€161 | +37,395% |
| Gross operating margin | 9900 | -€16,851 | -€11,762 | +€5,089 | +30.2% |
| Operating profit (loss) | 9901 | -€17,669 | -€13,110 | +€4,560 | +25.8% |
| Financial income | 75/76B | - | €161,556 | +€161,556 | |
| Recurring financial income | 75 | - | €161,556 | +€161,556 | |
| Non-recurring financial income | 76B | - | €161,556 | +€161,556 | |
| Financial charges | 65/66B | €1,227 | €1,822 | +€595 | +48.5% |
| Recurring financial charges | 65 | €929 | €1,099 | +€170 | +18.3% |
| Non-recurring financial charges | 66B | €298 | €723 | +€425 | +143% |
| Profit (loss) for the period before taxes | 9903 | -€18,896 | €146,625 | +€165,521 | |
| Income taxes | 67/77 | €189 | - | -€189 | |
| Profit (loss) for the period | 9904 | -€19,085 | €146,625 | +€165,710 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,085 | €146,625 | +€165,710 |
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 27 October 2026 via checked.be.