SHORTCUT STUDIO: 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 STUDIO
Largest movements
- Cash +€55,827
up €55,827 (+89.1%), from €62,638 to €118,466
mainly Net result for the year (+€53,816) and Depreciation (+€4,713)
- Tangible fixed assets -€4,713
down €4,713 (-49.8%), from €9,455 to €4,742
of which Furniture and vehicles: -€3,773
- Receivables within one year +€3,410
up €3,410 (+30.5%), from €11,189 to €14,599
of which Trade receivables: +€3,358
- Profit (loss) carried forward +€53,816
up €53,816 (+83.6%), from €64,358 to €118,174
- Gross operating margin +€22,704
up €22,704 (+44.6%), from €50,864 to €73,568
- Taxes +€4,161
up €4,161 (+39.9%), from €10,427 to €14,588
- Depreciation +€773
up €773 (+19.6%), from €3,940 to €4,713
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 | €83,329 | €137,968 | +€54,639 | +65.6% |
| Fixed assets | 21/28 | €9,455 | €4,742 | -€4,713 | -49.8% |
| Tangible fixed assets | 22/27 | €9,455 | €4,742 | -€4,713 | -49.8% |
| Plant, machinery and equipment | 23 | €2,653 | €1,713 | -€940 | -35.4% |
| Furniture and vehicles | 24 | €6,801 | €3,029 | -€3,773 | -55.5% |
| Current assets | 29/58 | €73,874 | €133,226 | +€59,352 | +80.3% |
| Amounts receivable within one year | 40/41 | €11,189 | €14,599 | +€3,410 | +30.5% |
| Trade receivables | 40 | €9,801 | €13,159 | +€3,358 | +34.3% |
| Other amounts receivable | 41 | €1,388 | €1,440 | +€52 | +3.8% |
| Cash at bank and in hand | 54/58 | €62,638 | €118,466 | +€55,827 | +89.1% |
| Deferred charges and accrued income | 490/1 | €47 | €162 | +€115 | +243.6% |
| Total equity and liabilities | 10/49 | €83,329 | €137,968 | +€54,639 | +65.6% |
| Equity | 10/15 | €66,858 | €120,674 | +€53,816 | +80.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,358 | €118,174 | +€53,816 | +83.6% |
| Amounts payable | 17/49 | €16,471 | €17,294 | +€823 | +5.0% |
| Amounts payable within one year | 42/48 | €16,471 | €17,294 | +€823 | +5.0% |
| Trade debts | 44 | €281 | €250 | -€31 | -11.1% |
| Suppliers | 440/4 | €281 | €250 | -€31 | -11.1% |
| Taxes, remuneration and social security | 45 | €16,189 | €17,044 | +€854 | +5.3% |
| Taxes | 450/3 | €16,189 | €17,044 | +€854 | +5.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,940 | €4,713 | +€773 | +19.6% |
| Other operating charges | 640/8 | €216 | €136 | -€79 | -36.7% |
| Gross operating margin | 9900 | €50,864 | €73,568 | +€22,704 | +44.6% |
| Operating profit (loss) | 9901 | €46,708 | €68,719 | +€22,010 | +47.1% |
| Financial charges | 65/66B | €683 | €314 | -€369 | -54.0% |
| Recurring financial charges | 65 | €683 | €314 | -€369 | -54.0% |
| Profit (loss) for the period before taxes | 9903 | €46,026 | €68,404 | +€22,379 | +48.6% |
| Income taxes | 67/77 | €10,427 | €14,588 | +€4,161 | +39.9% |
| Profit (loss) for the period | 9904 | €35,598 | €53,816 | +€18,218 | +51.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,598 | €53,816 | +€18,218 | +51.2% |
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 7 October 2026 via checked.be.