SECTHINGS: what changed
Two fiscal 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.
SECTHINGS
Largest movements
- Receivables within one year +€95,708
up €95,708 (+856.1%), from €11,180 to €106,888
of which Other amounts receivable: +€51,375
- Cash -€18,291
down €18,291 (-16.9%), from €108,383 to €90,092
mainly Receivables within one year (-€95,708) and Other debts (-€4,184)
- Deferred charges and accrued income +€2,903
up €2,903 (+218.5%), from €1,329 to €4,232
- Profit (loss) carried forward +€78,141
up €78,141 (+90.0%), from €86,863 to €165,004
- Tax, wage and social debts +€7,353
up €7,353 (+26.7%), from €27,548 to €34,901
- Other debts -€4,184
no longer reported in 2025 (was €4,184)
- Gross operating margin +€6,107
up €6,107 (+6.2%), from €98,279 to €104,386
- Taxes +€2,083
up €2,083 (+11.0%), from €18,866 to €20,949
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 | €123,247 | €204,055 | +€80,808 | +65.6% |
| Fixed assets | 21/28 | €2,355 | €2,843 | +€487 | +20.7% |
| Tangible fixed assets | 22/27 | €2,355 | €2,843 | +€487 | +20.7% |
| Furniture and vehicles | 24 | €2,355 | €2,843 | +€487 | +20.7% |
| Current assets | 29/58 | €120,892 | €201,212 | +€80,320 | +66.4% |
| Amounts receivable within one year | 40/41 | €11,180 | €106,888 | +€95,708 | +856.1% |
| Trade receivables | 40 | €9,230 | €53,563 | +€44,333 | +480.3% |
| Other amounts receivable | 41 | €1,950 | €53,324 | +€51,375 | +2634.7% |
| Cash at bank and in hand | 54/58 | €108,383 | €90,092 | -€18,291 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,329 | €4,232 | +€2,903 | +218.5% |
| Total equity and liabilities | 10/49 | €123,247 | €204,055 | +€80,808 | +65.6% |
| Equity | 10/15 | €88,863 | €167,004 | +€78,141 | +87.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,863 | €165,004 | +€78,141 | +90.0% |
| Amounts payable | 17/49 | €34,384 | €37,051 | +€2,667 | +7.8% |
| Amounts payable within one year | 42/48 | €33,784 | €36,451 | +€2,667 | +7.9% |
| Trade debts | 44 | €2,053 | €1,550 | -€503 | -24.5% |
| Suppliers | 440/4 | €2,053 | €1,550 | -€503 | -24.5% |
| Taxes, remuneration and social security | 45 | €27,548 | €34,901 | +€7,353 | +26.7% |
| Taxes | 450/3 | €27,548 | €34,901 | +€7,353 | +26.7% |
| Other amounts payable | 47/48 | €4,184 | - | -€4,184 | |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,648 | €1,748 | +€100 | +6.1% |
| Other operating charges | 640/8 | €12 | €5 | -€7 | -59.7% |
| Gross operating margin | 9900 | €98,279 | €104,386 | +€6,107 | +6.2% |
| Operating profit (loss) | 9901 | €96,619 | €102,633 | +€6,014 | +6.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,094 | €3,544 | -€550 | -13.4% |
| Recurring financial charges | 65 | €4,094 | €3,544 | -€550 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €92,525 | €99,090 | +€6,565 | +7.1% |
| Income taxes | 67/77 | €18,866 | €20,949 | +€2,083 | +11.0% |
| Profit (loss) for the period | 9904 | €73,659 | €78,141 | +€4,482 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,659 | €78,141 | +€4,482 | +6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.