SELECT LINKS: 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.
SELECT LINKS
Largest movements
- Receivables within one year +€82,507
up €82,507 (+19.3%), from €428,488 to €510,995
of which Other amounts receivable: +€50,905
- Tangible fixed assets +€19,073
new in 2025: €19,073
of which Furniture and vehicles: +€12,226
- Trade debts +€102,173
up €102,173 (+24.5%), from €416,698 to €518,871
- Staff costs -€17,411
no longer reported in 2025 (was €17,411)
- Financial income +€2,999
up €2,999 (+71581.9%), from €4 to €3,003
- Financial charges +€1,925
up €1,925 (+814.7%), from €236 to €2,162
- Taxes +€1,275
up €1,275 (+110.9%), from €1,150 to €2,426
- Other operating charges +€642
up €642 (+78.6%), from €817 to €1,459
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 | €429,725 | €532,331 | +€102,606 | +23.9% |
| Fixed assets | 21/28 | - | €19,073 | +€19,073 | |
| Tangible fixed assets | 22/27 | - | €19,073 | +€19,073 | |
| Land and buildings | 22 | - | €1,823 | +€1,823 | |
| Plant, machinery and equipment | 23 | - | €1,207 | +€1,207 | |
| Furniture and vehicles | 24 | - | €12,226 | +€12,226 | |
| Other tangible fixed assets | 26 | - | €3,816 | +€3,816 | |
| Current assets | 29/58 | €429,725 | €513,258 | +€83,533 | +19.4% |
| Amounts receivable within one year | 40/41 | €428,488 | €510,995 | +€82,507 | +19.3% |
| Trade receivables | 40 | €417,821 | €449,423 | +€31,602 | +7.6% |
| Other amounts receivable | 41 | €10,667 | €61,572 | +€50,905 | +477.2% |
| Cash at bank and in hand | 54/58 | €1,237 | €1,993 | +€756 | +61.1% |
| Deferred charges and accrued income | 490/1 | - | €270 | +€270 | |
| Total equity and liabilities | 10/49 | €429,725 | €532,331 | +€102,606 | +23.9% |
| Equity | 10/15 | €3,283 | €5,781 | +€2,498 | +76.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €283 | €2,781 | +€2,498 | +881.8% |
| Amounts payable | 17/49 | €426,442 | €526,550 | +€100,108 | +23.5% |
| Amounts payable within one year | 42/48 | €426,411 | €526,550 | +€100,139 | +23.5% |
| Trade debts | 44 | €416,698 | €518,871 | +€102,173 | +24.5% |
| Suppliers | 440/4 | €416,698 | €518,871 | +€102,173 | +24.5% |
| Taxes, remuneration and social security | 45 | €9,713 | €7,679 | -€2,034 | -20.9% |
| Taxes | 450/3 | €4,012 | €6,381 | +€2,369 | +59.0% |
| Remuneration and social security | 454/9 | €5,701 | €1,298 | -€4,403 | -77.2% |
| Accrued charges and deferred income | 492/3 | €31 | - | -€31 | |
| Remuneration, social security and pensions | 62 | €17,411 | - | -€17,411 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €414 | +€414 | |
| Other operating charges | 640/8 | €817 | €1,459 | +€642 | +78.6% |
| Non-recurring operating charges | 66A | - | €14,245 | +€14,245 | |
| Gross operating margin | 9900 | €19,894 | €20,217 | +€324 | +1.6% |
| Operating profit (loss) | 9901 | €1,666 | €4,100 | +€2,434 | +146.1% |
| Financial income | 75/76B | €4 | €3,003 | +€2,999 | +71581.9% |
| Recurring financial income | 75 | €4 | €3,003 | +€2,999 | +71581.9% |
| Financial charges | 65/66B | €236 | €2,162 | +€1,925 | +814.7% |
| Recurring financial charges | 65 | €236 | €2,162 | +€1,925 | +814.7% |
| Profit (loss) for the period before taxes | 9903 | €1,433 | €4,941 | +€3,508 | +244.7% |
| Income taxes | 67/77 | €1,150 | €2,426 | +€1,275 | +110.9% |
| Profit (loss) for the period | 9904 | €283 | €2,516 | +€2,233 | +788.1% |
| Profit (loss) for the period to be appropriated | 9905 | €283 | €2,516 | +€2,233 | +788.1% |
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 10 October 2026 via checked.be.