Shortcut: 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.
Shortcut
Largest movements
- Cash +€40,182
up €40,182 (+34.2%), from €117,360 to €157,541
mainly Net result for the year (+€41,613) and Tax, wage and social debts (+€11,591)
- Receivables within one year +€14,707
up €14,707 (+91.8%), from €16,012 to €30,719
- Reserves +€41,613
up €41,613 (+38.1%), from €109,081 to €150,694
- Tax, wage and social debts +€11,591
up €11,591 (+47.1%), from €24,597 to €36,188
of which Taxes: +€11,591
- Gross operating margin -€9,126
down €9,126 (-14.0%), from €65,082 to €55,957
- Taxes -€1,924
down €1,924 (-14.3%), from €13,426 to €11,502
- Depreciation +€773
up €773 (+36.0%), from €2,143 to €2,915
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 | €141,305 | €194,397 | +€53,092 | +37.6% |
| Fixed assets | 21/28 | €7,846 | €6,029 | -€1,817 | -23.2% |
| Tangible fixed assets | 22/27 | €7,846 | €6,029 | -€1,817 | -23.2% |
| Furniture and vehicles | 24 | €7,846 | €6,029 | -€1,817 | -23.2% |
| Current assets | 29/58 | €133,459 | €188,369 | +€54,910 | +41.1% |
| Amounts receivable within one year | 40/41 | €16,012 | €30,719 | +€14,707 | +91.8% |
| Trade receivables | 40 | €16,012 | €30,719 | +€14,707 | +91.8% |
| Cash at bank and in hand | 54/58 | €117,360 | €157,541 | +€40,182 | +34.2% |
| Deferred charges and accrued income | 490/1 | €87 | €108 | +€21 | +24.3% |
| Total equity and liabilities | 10/49 | €141,305 | €194,397 | +€53,092 | +37.6% |
| Equity | 10/15 | €114,081 | €155,694 | +€41,613 | +36.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €109,081 | €150,694 | +€41,613 | +38.1% |
| Distributable reserves | 133 | €109,081 | €150,694 | +€41,613 | +38.1% |
| Amounts payable | 17/49 | €27,224 | €38,704 | +€11,479 | +42.2% |
| Amounts payable within one year | 42/48 | €27,224 | €38,704 | +€11,479 | +42.2% |
| Trade debts | 44 | €405 | €294 | -€111 | -27.4% |
| Suppliers | 440/4 | €405 | €294 | -€111 | -27.4% |
| Taxes, remuneration and social security | 45 | €24,597 | €36,188 | +€11,591 | +47.1% |
| Taxes | 450/3 | €22,597 | €34,188 | +€11,591 | +51.3% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €2,222 | €2,222 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,143 | €2,915 | +€773 | +36.0% |
| Other operating charges | 640/8 | €386 | €332 | -€54 | -14.1% |
| Gross operating margin | 9900 | €65,082 | €55,957 | -€9,126 | -14.0% |
| Operating profit (loss) | 9901 | €62,553 | €52,709 | -€9,844 | -15.7% |
| Financial income | 75/76B | - | €581 | +€581 | |
| Recurring financial income | 75 | - | €581 | +€581 | |
| Financial charges | 65/66B | €181 | €175 | -€5 | -3.0% |
| Recurring financial charges | 65 | €181 | €175 | -€5 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €62,373 | €53,115 | -€9,257 | -14.8% |
| Income taxes | 67/77 | €13,426 | €11,502 | -€1,924 | -14.3% |
| Profit (loss) for the period | 9904 | €48,947 | €41,613 | -€7,334 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,947 | €41,613 | -€7,334 | -15.0% |
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 4 October 2026 via checked.be.