SELLING CONCEPT: 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.
SELLING CONCEPT
Largest movements
- Deferred charges and accrued income +€24,082
up €24,082 (+1021.8%), from €2,357 to €26,439
- Stocks and contracts +€20,104
up €20,104 (+69.0%), from €29,127 to €49,231
- Receivables within one year -€3,457
down €3,457 (-29.2%), from €11,836 to €8,379
- Tangible fixed assets -€3,298
down €3,298 (-16.8%), from €19,604 to €16,307
of which Furniture and vehicles: -€2,965
- Cash +€3,055
up €3,055 (+24.0%), from €12,713 to €15,767
mainly Advances received (+€52,294) and Depreciation (+€5,542)
- Advances received +€52,294
new in 2025: €52,294
- Trade debts -€18,673
down €18,673 (-59.2%), from €31,533 to €12,860
- Profit (loss) carried forward +€5,107
up €5,107 (+42.0%), from €12,157 to €17,264
- Accrued charges and deferred income +€2,812
new in 2025: €2,812
- Other debts +€1,941
up €1,941 (+80.3%), from €2,416 to €4,357
- Gross operating margin +€7,471
up €7,471 (+61.2%), from €12,207 to €19,678
- Taxes +€1,444
up €1,444 (+117.6%), from €1,228 to €2,672
- Financial charges +€1,204
up €1,204 (+23.5%), from €5,132 to €6,336
- Depreciation +€786
up €786 (+16.5%), from €4,756 to €5,542
- Financial income +€380
up €380 (+109.3%), from €348 to €728
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 | €84,848 | €124,334 | +€39,486 | +46.5% |
| Fixed assets | 21/28 | €28,815 | €24,517 | -€4,298 | -14.9% |
| Intangible fixed assets | 21 | €9,210 | €8,210 | -€1,000 | -10.9% |
| Tangible fixed assets | 22/27 | €19,604 | €16,307 | -€3,298 | -16.8% |
| Furniture and vehicles | 24 | €18,040 | €15,076 | -€2,965 | -16.4% |
| Other tangible fixed assets | 26 | €1,564 | €1,231 | -€333 | -21.3% |
| Current assets | 29/58 | €56,033 | €99,817 | +€43,784 | +78.1% |
| Stocks and contracts in progress | 3 | €29,127 | €49,231 | +€20,104 | +69.0% |
| Stocks | 30/36 | €29,127 | €49,231 | +€20,104 | +69.0% |
| Amounts receivable within one year | 40/41 | €11,836 | €8,379 | -€3,457 | -29.2% |
| Trade receivables | 40 | €11,836 | €8,379 | -€3,457 | -29.2% |
| Cash at bank and in hand | 54/58 | €12,713 | €15,767 | +€3,055 | +24.0% |
| Deferred charges and accrued income | 490/1 | €2,357 | €26,439 | +€24,082 | +1021.8% |
| Total equity and liabilities | 10/49 | €84,848 | €124,334 | +€39,486 | +46.5% |
| Equity | 10/15 | €17,157 | €22,264 | +€5,107 | +29.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,157 | €17,264 | +€5,107 | +42.0% |
| Amounts payable | 17/49 | €67,690 | €102,070 | +€34,380 | +50.8% |
| Amounts payable after more than one year | 17 | €25,000 | €24,000 | -€1,000 | -4.0% |
| Other amounts payable | 178/9 | €25,000 | €24,000 | -€1,000 | -4.0% |
| Amounts payable within one year | 42/48 | €42,690 | €75,258 | +€32,568 | +76.3% |
| Current portion of amounts payable after more than one year | 42 | €2,911 | €1,600 | -€1,311 | -45.0% |
| Trade debts | 44 | €31,533 | €12,860 | -€18,673 | -59.2% |
| Suppliers | 440/4 | €31,533 | €12,860 | -€18,673 | -59.2% |
| Advances received on contracts in progress | 46 | - | €52,294 | +€52,294 | |
| Taxes, remuneration and social security | 45 | €5,830 | €4,147 | -€1,683 | -28.9% |
| Taxes | 450/3 | €5,830 | €4,147 | -€1,683 | -28.9% |
| Other amounts payable | 47/48 | €2,416 | €4,357 | +€1,941 | +80.3% |
| Accrued charges and deferred income | 492/3 | - | €2,812 | +€2,812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,756 | €5,542 | +€786 | +16.5% |
| Other operating charges | 640/8 | €959 | €749 | -€210 | -21.9% |
| Gross operating margin | 9900 | €12,207 | €19,678 | +€7,471 | +61.2% |
| Operating profit (loss) | 9901 | €6,492 | €13,387 | +€6,895 | +106.2% |
| Financial income | 75/76B | €348 | €728 | +€380 | +109.3% |
| Recurring financial income | 75 | €348 | €728 | +€380 | +109.3% |
| Financial charges | 65/66B | €5,132 | €6,336 | +€1,204 | +23.5% |
| Recurring financial charges | 65 | €5,132 | €6,336 | +€1,204 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €1,708 | €7,779 | +€6,071 | +355.5% |
| Income taxes | 67/77 | €1,228 | €2,672 | +€1,444 | +117.6% |
| Profit (loss) for the period | 9904 | €479 | €5,107 | +€4,627 | +965.4% |
| Profit (loss) for the period to be appropriated | 9905 | €479 | €5,107 | +€4,627 | +965.4% |
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.