SEEMINGLY TRIVIAL: 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.
SEEMINGLY TRIVIAL
Largest movements
- Cash +€28,354
up €28,354 (+87.1%), from €32,544 to €60,898
mainly Net result for the year (+€22,233) and Depreciation (+€11,537)
- Tangible fixed assets -€10,422
down €10,422 (-38.3%), from €27,237 to €16,815
of which Leasing and similar rights: -€9,642
- Deferred charges and accrued income -€2,832
down €2,832 (-20.6%), from €13,777 to €10,944
- Receivables within one year -€1,623
down €1,623 (-11.8%), from €13,759 to €12,136
- Reserves +€22,233
up €22,233 (+55.8%), from €39,833 to €62,066
- Debts after one year -€10,071
down €10,071 (-65.9%), from €15,278 to €5,207
- Tax, wage and social debts +€2,227
up €2,227 (+14.7%), from €15,153 to €17,380
- Trade debts -€1,009
down €1,009 (-51.2%), from €1,970 to €961
- Gross operating margin +€2,908
up €2,908 (+7.1%), from €40,782 to €43,690
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 | €87,317 | €100,794 | +€13,477 | +15.4% |
| Fixed assets | 21/28 | €27,237 | €16,815 | -€10,422 | -38.3% |
| Tangible fixed assets | 22/27 | €27,237 | €16,815 | -€10,422 | -38.3% |
| Plant, machinery and equipment | 23 | €3,620 | €2,839 | -€781 | -21.6% |
| Leasing and similar rights | 25 | €23,617 | €13,976 | -€9,642 | -40.8% |
| Current assets | 29/58 | €60,080 | €83,979 | +€23,899 | +39.8% |
| Amounts receivable within one year | 40/41 | €13,759 | €12,136 | -€1,623 | -11.8% |
| Trade receivables | 40 | €13,759 | €12,136 | -€1,623 | -11.8% |
| Cash at bank and in hand | 54/58 | €32,544 | €60,898 | +€28,354 | +87.1% |
| Deferred charges and accrued income | 490/1 | €13,777 | €10,944 | -€2,832 | -20.6% |
| Total equity and liabilities | 10/49 | €87,317 | €100,794 | +€13,477 | +15.4% |
| Equity | 10/15 | €44,833 | €67,066 | +€22,233 | +49.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €39,833 | €62,066 | +€22,233 | +55.8% |
| Distributable reserves | 133 | €39,833 | €62,066 | +€22,233 | +55.8% |
| Amounts payable | 17/49 | €42,484 | €33,728 | -€8,756 | -20.6% |
| Amounts payable after more than one year | 17 | €15,278 | €5,207 | -€10,071 | -65.9% |
| Financial debts | 170/4 | €15,278 | €5,207 | -€10,071 | -65.9% |
| Amounts payable within one year | 42/48 | €27,207 | €28,412 | +€1,205 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €10,084 | €10,071 | -€14 | -0.1% |
| Trade debts | 44 | €1,970 | €961 | -€1,009 | -51.2% |
| Suppliers | 440/4 | €1,970 | €961 | -€1,009 | -51.2% |
| Taxes, remuneration and social security | 45 | €15,153 | €17,380 | +€2,227 | +14.7% |
| Taxes | 450/3 | €15,153 | €17,380 | +€2,227 | +14.7% |
| Other amounts payable | 47/48 | - | €0 | +€0 | |
| Accrued charges and deferred income | 492/3 | - | €109 | +€109 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,498 | €11,537 | +€39 | +0.3% |
| Other operating charges | 640/8 | €1,462 | €1,882 | +€419 | +28.7% |
| Gross operating margin | 9900 | €40,782 | €43,690 | +€2,908 | +7.1% |
| Operating profit (loss) | 9901 | €27,821 | €30,271 | +€2,450 | +8.8% |
| Financial charges | 65/66B | €1,937 | €1,505 | -€432 | -22.3% |
| Recurring financial charges | 65 | €1,937 | €1,505 | -€432 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €25,884 | €28,766 | +€2,882 | +11.1% |
| Income taxes | 67/77 | €6,915 | €6,533 | -€382 | -5.5% |
| Profit (loss) for the period | 9904 | €18,970 | €22,233 | +€3,263 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,970 | €22,233 | +€3,263 | +17.2% |
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 9 October 2026 via checked.be.