Sébastien: 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.
Sébastien
Largest movements
- Cash +€466,040
up €466,040 (+307.2%), from €151,717 to €617,757
mainly Current investments (+€300,000) and Net result for the year (+€146,189)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Receivables within one year -€34,580
down €34,580 (-26.5%), from €130,498 to €95,918
of which Trade receivables: -€34,832
- Reserves +€146,189
up €146,189 (+27.7%), from €528,323 to €674,512
- Tax, wage and social debts -€14,701
down €14,701 (-30.1%), from €48,773 to €34,072
of which Taxes: -€13,053
- Gross operating margin +€27,158
up €27,158 (+17.1%), from €158,776 to €185,935
- Taxes +€5,936
up €5,936 (+16.1%), from €36,896 to €42,832
- Financial income -€5,756
down €5,756 (-61.4%), from €9,374 to €3,618
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 | €582,214 | €713,675 | +€131,460 | +22.6% |
| Current assets | 29/58 | €582,214 | €713,675 | +€131,460 | +22.6% |
| Amounts receivable within one year | 40/41 | €130,498 | €95,918 | -€34,580 | -26.5% |
| Trade receivables | 40 | €125,135 | €90,303 | -€34,832 | -27.8% |
| Other amounts receivable | 41 | €5,363 | €5,616 | +€253 | +4.7% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €151,717 | €617,757 | +€466,040 | +307.2% |
| Total equity and liabilities | 10/49 | €582,214 | €713,675 | +€131,460 | +22.6% |
| Equity | 10/15 | €533,323 | €679,512 | +€146,189 | +27.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €528,323 | €674,512 | +€146,189 | +27.7% |
| Distributable reserves | 133 | €528,323 | €674,512 | +€146,189 | +27.7% |
| Amounts payable | 17/49 | €48,891 | €34,163 | -€14,729 | -30.1% |
| Amounts payable within one year | 42/48 | €48,891 | €34,163 | -€14,729 | -30.1% |
| Trade debts | 44 | €28 | - | -€28 | |
| Suppliers | 440/4 | €28 | - | -€28 | |
| Taxes, remuneration and social security | 45 | €48,773 | €34,072 | -€14,701 | -30.1% |
| Taxes | 450/3 | €47,125 | €34,072 | -€13,053 | -27.7% |
| Remuneration and social security | 454/9 | €1,648 | - | -€1,648 | |
| Other amounts payable | 47/48 | €91 | €91 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €400 | -€50 | -11.0% |
| Gross operating margin | 9900 | €158,776 | €185,935 | +€27,158 | +17.1% |
| Operating profit (loss) | 9901 | €158,327 | €185,535 | +€27,208 | +17.2% |
| Financial income | 75/76B | €9,374 | €3,618 | -€5,756 | -61.4% |
| Recurring financial income | 75 | €9,374 | €3,618 | -€5,756 | -61.4% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €167,584 | €189,021 | +€21,438 | +12.8% |
| Income taxes | 67/77 | €36,896 | €42,832 | +€5,936 | +16.1% |
| Profit (loss) for the period | 9904 | €130,688 | €146,189 | +€15,501 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €130,688 | €146,189 | +€15,501 | +11.9% |
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 12 October 2026 via checked.be.