Setting Sales: 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.
Setting Sales
Largest movements
- Cash +€36,882
up €36,882 (+9.5%), from €388,977 to €425,859
mainly Net result for the year (+€82,580) and Other debts (+€10,725)
- Reserves +€31,966
up €31,966 (+8.6%), from €373,835 to €405,801
- Other debts +€10,725
up €10,725 (+26.9%), from €39,844 to €50,569
- Taxes +€17,749
up €17,749 (+52.2%), from €34,000 to €51,749
- Gross operating margin -€17,014
down €17,014 (-11.1%), from €153,473 to €136,459
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 | €434,075 | €474,421 | +€40,346 | +9.3% |
| Fixed assets | 21/28 | €1,785 | €2,543 | +€758 | +42.5% |
| Tangible fixed assets | 22/27 | €1,785 | €2,543 | +€758 | +42.5% |
| Furniture and vehicles | 24 | €1,785 | €2,543 | +€758 | +42.5% |
| Current assets | 29/58 | €432,290 | €471,878 | +€39,588 | +9.2% |
| Amounts receivable within one year | 40/41 | €43,013 | €45,719 | +€2,706 | +6.3% |
| Trade receivables | 40 | €43,013 | €45,719 | +€2,706 | +6.3% |
| Cash at bank and in hand | 54/58 | €388,977 | €425,859 | +€36,882 | +9.5% |
| Deferred charges and accrued income | 490/1 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €434,075 | €474,421 | +€40,346 | +9.3% |
| Equity | 10/15 | €374,335 | €406,301 | +€31,966 | +8.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €373,835 | €405,801 | +€31,966 | +8.6% |
| Distributable reserves | 133 | €373,835 | €405,801 | +€31,966 | +8.6% |
| Amounts payable | 17/49 | €59,740 | €68,120 | +€8,380 | +14.0% |
| Amounts payable within one year | 42/48 | €59,740 | €68,120 | +€8,380 | +14.0% |
| Trade debts | 44 | €470 | - | -€470 | |
| Suppliers | 440/4 | €470 | - | -€470 | |
| Taxes, remuneration and social security | 45 | €19,426 | €17,551 | -€1,875 | -9.7% |
| Taxes | 450/3 | €18,690 | €17,551 | -€1,139 | -6.1% |
| Remuneration and social security | 454/9 | €736 | - | -€736 | |
| Other amounts payable | 47/48 | €39,844 | €50,569 | +€10,725 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,260 | €1,318 | +€58 | +4.6% |
| Other operating charges | 640/8 | €741 | €771 | +€30 | +4.0% |
| Gross operating margin | 9900 | €153,473 | €136,459 | -€17,014 | -11.1% |
| Operating profit (loss) | 9901 | €151,472 | €134,370 | -€17,102 | -11.3% |
| Financial charges | 65/66B | €475 | €41 | -€434 | -91.4% |
| Recurring financial charges | 65 | €475 | €41 | -€434 | -91.4% |
| Profit (loss) for the period before taxes | 9903 | €150,997 | €134,329 | -€16,668 | -11.0% |
| Income taxes | 67/77 | €34,000 | €51,749 | +€17,749 | +52.2% |
| Profit (loss) for the period | 9904 | €116,997 | €82,580 | -€34,417 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,997 | €82,580 | -€34,417 | -29.4% |
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.