SAY GRAPHICS: 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.
SAY GRAPHICS
Largest movements
- Cash +€10,609
up €10,609 (+20.7%), from €51,268 to €61,877
mainly Net result for the year (+€16,847) and Tax, wage and social debts (+€1,115)
- Receivables within one year +€1,528
up €1,528 (+40.3%), from €3,789 to €5,317
of which Trade receivables: +€1,528
- Profit (loss) carried forward +€16,847
up €16,847 (+85.6%), from -€19,672 to -€2,825
- Trade debts -€6,321
down €6,321 (-95.7%), from €6,605 to €285
- Tax, wage and social debts +€1,115
up €1,115 (+89.0%), from €1,253 to €2,368
- Gross operating margin +€7,512
up €7,512 (+74.3%), from €10,105 to €17,617
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 | €55,346 | €67,342 | +€11,996 | +21.7% |
| Fixed assets | 21/28 | €285 | €148 | -€137 | -48.2% |
| Tangible fixed assets | 22/27 | €285 | €148 | -€137 | -48.2% |
| Furniture and vehicles | 24 | €285 | €148 | -€137 | -48.2% |
| Current assets | 29/58 | €55,061 | €67,194 | +€12,133 | +22.0% |
| Amounts receivable within one year | 40/41 | €3,789 | €5,317 | +€1,528 | +40.3% |
| Trade receivables | 40 | €3,789 | €5,317 | +€1,528 | +40.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €51,268 | €61,877 | +€10,609 | +20.7% |
| Deferred charges and accrued income | 490/1 | €4 | €0 | -€4 | -100.0% |
| Total equity and liabilities | 10/49 | €55,346 | €67,342 | +€11,996 | +21.7% |
| Equity | 10/15 | €11,094 | €27,941 | +€16,847 | +151.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €12,216 | €12,216 | = | 0.0% |
| Distributable reserves | 133 | €12,216 | €12,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,672 | -€2,825 | +€16,847 | +85.6% |
| Amounts payable | 17/49 | €44,252 | €39,401 | -€4,851 | -11.0% |
| Amounts payable within one year | 42/48 | €44,252 | €39,401 | -€4,851 | -11.0% |
| Trade debts | 44 | €6,605 | €285 | -€6,321 | -95.7% |
| Suppliers | 440/4 | €6,605 | €285 | -€6,321 | -95.7% |
| Taxes, remuneration and social security | 45 | €1,253 | €2,368 | +€1,115 | +89.0% |
| Taxes | 450/3 | €1,253 | €2,368 | +€1,115 | +89.0% |
| Other amounts payable | 47/48 | €36,394 | €36,748 | +€354 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127 | €137 | +€11 | +8.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €10,105 | €17,617 | +€7,512 | +74.3% |
| Operating profit (loss) | 9901 | €9,591 | €17,080 | +€7,489 | +78.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €111 | €233 | +€122 | +109.9% |
| Recurring financial charges | 65 | €111 | €233 | +€122 | +109.9% |
| Profit (loss) for the period before taxes | 9903 | €9,480 | €16,847 | +€7,367 | +77.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €9,480 | €16,847 | +€7,367 | +77.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,480 | €16,847 | +€7,367 | +77.7% |
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 12 October 2026 via checked.be.