SEE BUILDING: 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.
SEE BUILDING
Largest movements
- Receivables within one year +€412,210
up €412,210 (+310%), from €132,812 to €545,021
of which Trade receivables: +€440,136
- Cash -€14,868
down €14,868 (-81.4%), from €18,270 to €3,402
mainly Receivables within one year (-€412,210) and Deferred charges and accrued income (-€7,331)
- Deferred charges and accrued income +€7,331
new in 2025: €7,331
- Profit (loss) carried forward +€186,871
up €186,871 (+187%), from €100,179 to €287,050
- Accrued charges and deferred income +€143,281
new in 2025: €143,281
- Tax, wage and social debts +€71,973
up €71,973 (+187%), from €38,534 to €110,507
of which Taxes: +€57,986
- Gross operating margin +€276,991
up €276,991 (+184%), from €150,597 to €427,588
- Staff costs +€141,888
up €141,888 (+433%), from €32,744 to €174,632
- Taxes +€39,095
up €39,095 (+158%), from €24,747 to €63,842
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.
Derived cash bridge
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 | €154,397 | €557,411 | +€403,014 | +261% |
| Fixed assets | 21/28 | €3,315 | €1,658 | -€1,658 | -50.0% |
| Tangible fixed assets | 22/27 | €3,315 | €1,658 | -€1,658 | -50.0% |
| Plant, machinery and equipment | 23 | €2,493 | €1,246 | -€1,246 | -50.0% |
| Furniture and vehicles | 24 | €823 | €411 | -€411 | -50.0% |
| Current assets | 29/58 | €151,082 | €555,754 | +€404,672 | +268% |
| Amounts receivable within one year | 40/41 | €132,812 | €545,021 | +€412,210 | +310% |
| Trade receivables | 40 | - | €440,136 | +€440,136 | |
| Other amounts receivable | 41 | €132,812 | €104,886 | -€27,926 | -21.0% |
| Cash at bank and in hand | 54/58 | €18,270 | €3,402 | -€14,868 | -81.4% |
| Deferred charges and accrued income | 490/1 | - | €7,331 | +€7,331 | |
| Total equity and liabilities | 10/49 | €154,397 | €557,411 | +€403,014 | +261% |
| Equity | 10/15 | €102,179 | €289,050 | +€186,871 | +183% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,179 | €287,050 | +€186,871 | +187% |
| Amounts payable | 17/49 | €52,218 | €268,362 | +€216,143 | +414% |
| Amounts payable within one year | 42/48 | €52,218 | €125,080 | +€72,862 | +140% |
| Trade debts | 44 | €13,684 | €14,573 | +€889 | +6.5% |
| Suppliers | 440/4 | €13,684 | €14,573 | +€889 | +6.5% |
| Taxes, remuneration and social security | 45 | €38,534 | €110,507 | +€71,973 | +187% |
| Taxes | 450/3 | €31,574 | €89,560 | +€57,986 | +184% |
| Remuneration and social security | 454/9 | €6,960 | €20,948 | +€13,988 | +201% |
| Accrued charges and deferred income | 492/3 | - | €143,281 | +€143,281 | |
| Remuneration, social security and pensions | 62 | €32,744 | €174,632 | +€141,888 | +433% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,658 | €1,658 | +€0 | 0.0% |
| Other operating charges | 640/8 | €75 | €475 | +€400 | +533% |
| Gross operating margin | 9900 | €150,597 | €427,588 | +€276,991 | +184% |
| Operating profit (loss) | 9901 | €116,120 | €250,823 | +€134,704 | +116% |
| Financial charges | 65/66B | €156 | €110 | -€46 | -29.2% |
| Recurring financial charges | 65 | €156 | €110 | -€46 | -29.2% |
| Profit (loss) for the period before taxes | 9903 | €115,964 | €250,713 | +€134,749 | +116% |
| Income taxes | 67/77 | €24,747 | €63,842 | +€39,095 | +158% |
| Profit (loss) for the period | 9904 | €91,217 | €186,871 | +€95,654 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €91,217 | €186,871 | +€95,654 | +105% |
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 25 October 2026 via checked.be.