SERVICE LINK: 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.
SERVICE LINK
Largest movements
- Cash +€3,946
up €3,946 (+8.9%), from €44,566 to €48,512
mainly Net result for the year (+€5,810) and Depreciation (+€5,127)
- Receivables within one year +€3,365
up €3,365 (+39.4%), from €8,550 to €11,915
of which Other amounts receivable: +€2,182
- Tangible fixed assets -€1,167
down €1,167 (-12.5%), from €9,356 to €8,190
of which Plant, machinery and equipment: -€936
- Reserves +€5,810
up €5,810 (+31.1%), from €18,662 to €24,472
- Other operating charges +€1,499
up €1,499 (+695.6%), from €216 to €1,715
- Write-downs +€1,070
new in 2025: €1,070
- Gross operating margin -€958
down €958 (-6.3%), from €15,272 to €14,315
- Taxes +€581
new in 2025: €581
- Depreciation +€511
up €511 (+11.1%), from €4,616 to €5,127
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 | €62,472 | €68,617 | +€6,145 | +9.8% |
| Fixed assets | 21/28 | €9,356 | €8,190 | -€1,167 | -12.5% |
| Tangible fixed assets | 22/27 | €9,356 | €8,190 | -€1,167 | -12.5% |
| Plant, machinery and equipment | 23 | €8,837 | €7,901 | -€936 | -10.6% |
| Furniture and vehicles | 24 | €519 | €288 | -€231 | -44.5% |
| Current assets | 29/58 | €53,116 | €60,427 | +€7,311 | +13.8% |
| Amounts receivable within one year | 40/41 | €8,550 | €11,915 | +€3,365 | +39.4% |
| Trade receivables | 40 | €6,454 | €7,637 | +€1,183 | +18.3% |
| Other amounts receivable | 41 | €2,096 | €4,279 | +€2,182 | +104.1% |
| Cash at bank and in hand | 54/58 | €44,566 | €48,512 | +€3,946 | +8.9% |
| Total equity and liabilities | 10/49 | €62,472 | €68,617 | +€6,145 | +9.8% |
| Equity | 10/15 | €53,662 | €59,472 | +€5,810 | +10.8% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €18,662 | €24,472 | +€5,810 | +31.1% |
| Distributable reserves | 133 | €18,662 | €24,472 | +€5,810 | +31.1% |
| Amounts payable | 17/49 | €8,810 | €9,144 | +€335 | +3.8% |
| Amounts payable within one year | 42/48 | €8,810 | €9,144 | +€335 | +3.8% |
| Trade debts | 44 | €15 | €231 | +€216 | +1421.7% |
| Suppliers | 440/4 | €15 | €231 | +€216 | +1421.7% |
| Taxes, remuneration and social security | 45 | €1,012 | €1,131 | +€119 | +11.7% |
| Taxes | 450/3 | €1,012 | €1,131 | +€119 | +11.7% |
| Other amounts payable | 47/48 | €7,782 | €7,782 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,616 | €5,127 | +€511 | +11.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,070 | +€1,070 | |
| Other operating charges | 640/8 | €216 | €1,715 | +€1,499 | +695.6% |
| Gross operating margin | 9900 | €15,272 | €14,315 | -€958 | -6.3% |
| Operating profit (loss) | 9901 | €10,441 | €6,403 | -€4,038 | -38.7% |
| Financial income | 75/76B | €2 | €217 | +€215 | +14266.2% |
| Recurring financial income | 75 | €2 | €217 | +€215 | +14266.2% |
| Financial charges | 65/66B | €274 | €229 | -€45 | -16.4% |
| Recurring financial charges | 65 | €274 | €229 | -€45 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €10,169 | €6,391 | -€3,778 | -37.2% |
| Income taxes | 67/77 | - | €581 | +€581 | |
| Profit (loss) for the period | 9904 | €10,169 | €5,810 | -€4,359 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,169 | €5,810 | -€4,359 | -42.9% |
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.