Sail Forward: 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.
Sail Forward
Largest movements
- Cash +€35,003
up €35,003 (+279.5%), from €12,525 to €47,527
mainly Net result for the year (+€29,551) and Tax, wage and social debts (+€6,739)
- Reserves +€29,551
up €29,551 (+476.9%), from €6,196 to €35,747
- Tax, wage and social debts +€6,739
up €6,739 (+149.3%), from €4,515 to €11,254
of which Taxes: +€5,239
- Accrued charges and deferred income -€1,500
down €1,500 (-80.8%), from €1,857 to €357
- Gross operating margin +€29,853
up €29,853 (+366.5%), from €8,146 to €37,999
- Taxes +€6,095
up €6,095 (+319.9%), from €1,905 to €8,000
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 | €17,568 | €52,364 | +€34,796 | +198.1% |
| Current assets | 29/58 | €17,568 | €52,364 | +€34,796 | +198.1% |
| Amounts receivable within one year | 40/41 | €5,044 | €4,837 | -€207 | -4.1% |
| Trade receivables | 40 | €5,000 | €4,815 | -€185 | -3.7% |
| Other amounts receivable | 41 | €44 | €22 | -€22 | -50.0% |
| Cash at bank and in hand | 54/58 | €12,525 | €47,527 | +€35,003 | +279.5% |
| Total equity and liabilities | 10/49 | €17,568 | €52,364 | +€34,796 | +198.1% |
| Equity | 10/15 | €11,196 | €40,747 | +€29,551 | +263.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,196 | €35,747 | +€29,551 | +476.9% |
| Distributable reserves | 133 | €6,196 | €35,747 | +€29,551 | +476.9% |
| Amounts payable | 17/49 | €6,372 | €11,617 | +€5,244 | +82.3% |
| Amounts payable within one year | 42/48 | €4,515 | €11,259 | +€6,744 | +149.4% |
| Trade debts | 44 | - | €5 | +€5 | |
| Suppliers | 440/4 | - | €5 | +€5 | |
| Taxes, remuneration and social security | 45 | €4,515 | €11,254 | +€6,739 | +149.3% |
| Taxes | 450/3 | €4,515 | €9,754 | +€5,239 | +116.0% |
| Remuneration and social security | 454/9 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €1,857 | €357 | -€1,500 | -80.8% |
| Other operating charges | 640/8 | - | €128 | +€128 | |
| Gross operating margin | 9900 | €8,146 | €37,999 | +€29,853 | +366.5% |
| Operating profit (loss) | 9901 | €8,146 | €37,871 | +€29,725 | +364.9% |
| Financial charges | 65/66B | €44 | €320 | +€275 | +620.3% |
| Recurring financial charges | 65 | €44 | €320 | +€275 | +620.3% |
| Profit (loss) for the period before taxes | 9903 | €8,101 | €37,551 | +€29,450 | +363.5% |
| Income taxes | 67/77 | €1,905 | €8,000 | +€6,095 | +319.9% |
| Profit (loss) for the period | 9904 | €6,196 | €29,551 | +€23,355 | +376.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,196 | €29,551 | +€23,355 | +376.9% |
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 11 October 2026 via checked.be.