Secure it all: 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.
Secure it all
Largest movements
- Tangible fixed assets +€29,922
up €29,922 (+302.8%), from €9,881 to €39,802
of which Furniture and vehicles: +€28,535
- Cash +€23,151
up €23,151 (+265.2%), from €8,731 to €31,882
mainly Net result for the year (+€33,953) and Debts after one year (+€25,135)
- Receivables within one year +€15,496
up €15,496 (+478.8%), from €3,236 to €18,732
of which Trade receivables: +€13,077
- Deferred charges and accrued income +€3,299
up €3,299 (+315.0%), from €1,047 to €4,346
- Intangible fixed assets -€2,351
down €2,351 (-26.8%), from €8,767 to €6,417
- Profit (loss) carried forward +€33,953
up €33,953 (+219.8%), from €15,446 to €49,400
- Debts after one year +€25,135
new in 2025: €25,135
- Advances received +€7,793
up €7,793 (+4156.3%), from €188 to €7,981
- Current portion of long-term debt +€6,720
new in 2025: €6,720
- Other debts -€4,194
down €4,194 (-24.4%), from €17,189 to €12,995
- Gross operating margin +€52,621
up €52,621 (+261.0%), from €20,164 to €72,785
- Staff costs +€16,683
new in 2025: €16,683
- Depreciation +€9,836
up €9,836 (+5310.4%), from €185 to €10,022
- Taxes +€5,579
up €5,579 (+147.1%), from €3,794 to €9,372
- Financial charges +€1,853
up €1,853 (+6373.1%), from €29 to €1,882
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 | €42,719 | €111,496 | +€68,777 | +161.0% |
| Fixed assets | 21/28 | €18,648 | €46,219 | +€27,571 | +147.8% |
| Intangible fixed assets | 21 | €8,767 | €6,417 | -€2,351 | -26.8% |
| Tangible fixed assets | 22/27 | €9,881 | €39,802 | +€29,922 | +302.8% |
| Plant, machinery and equipment | 23 | - | €1,387 | +€1,387 | |
| Furniture and vehicles | 24 | €9,881 | €38,416 | +€28,535 | +288.8% |
| Current assets | 29/58 | €24,071 | €65,277 | +€41,206 | +171.2% |
| Stocks and contracts in progress | 3 | €11,057 | €10,317 | -€739 | -6.7% |
| Stocks | 30/36 | €11,057 | €7,263 | -€3,794 | -34.3% |
| Contracts in progress | 37 | - | €3,055 | +€3,055 | |
| Amounts receivable within one year | 40/41 | €3,236 | €18,732 | +€15,496 | +478.8% |
| Trade receivables | 40 | €26 | €13,103 | +€13,077 | +49950.9% |
| Other amounts receivable | 41 | €3,210 | €5,628 | +€2,419 | +75.3% |
| Cash at bank and in hand | 54/58 | €8,731 | €31,882 | +€23,151 | +265.2% |
| Deferred charges and accrued income | 490/1 | €1,047 | €4,346 | +€3,299 | +315.0% |
| Total equity and liabilities | 10/49 | €42,719 | €111,496 | +€68,777 | +161.0% |
| Equity | 10/15 | €18,446 | €52,400 | +€33,953 | +184.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,446 | €49,400 | +€33,953 | +219.8% |
| Amounts payable | 17/49 | €24,273 | €59,096 | +€34,823 | +143.5% |
| Amounts payable after more than one year | 17 | - | €25,135 | +€25,135 | |
| Financial debts | 170/4 | - | €25,135 | +€25,135 | |
| Amounts payable within one year | 42/48 | €24,273 | €32,817 | +€8,545 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,720 | +€6,720 | |
| Trade debts | 44 | €3,034 | €836 | -€2,198 | -72.4% |
| Suppliers | 440/4 | €3,034 | €836 | -€2,198 | -72.4% |
| Advances received on contracts in progress | 46 | €188 | €7,981 | +€7,793 | +4156.3% |
| Taxes, remuneration and social security | 45 | €3,862 | €4,286 | +€424 | +11.0% |
| Taxes | 450/3 | €3,862 | €2,145 | -€1,718 | -44.5% |
| Remuneration and social security | 454/9 | - | €2,141 | +€2,141 | |
| Other amounts payable | 47/48 | €17,189 | €12,995 | -€4,194 | -24.4% |
| Accrued charges and deferred income | 492/3 | - | €1,144 | +€1,144 | |
| Remuneration, social security and pensions | 62 | - | €16,683 | +€16,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €10,022 | +€9,836 | +5310.4% |
| Other operating charges | 640/8 | €709 | €898 | +€188 | +26.6% |
| Gross operating margin | 9900 | €20,164 | €72,785 | +€52,621 | +261.0% |
| Operating profit (loss) | 9901 | €19,269 | €45,182 | +€25,913 | +134.5% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €29 | €1,882 | +€1,853 | +6373.1% |
| Recurring financial charges | 65 | €29 | €1,882 | +€1,853 | +6373.1% |
| Profit (loss) for the period before taxes | 9903 | €19,240 | €43,326 | +€24,086 | +125.2% |
| Income taxes | 67/77 | €3,794 | €9,372 | +€5,579 | +147.1% |
| Profit (loss) for the period | 9904 | €15,446 | €33,953 | +€18,507 | +119.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,446 | €33,953 | +€18,507 | +119.8% |
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 8 October 2026 via checked.be.