SIDE: 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.
SIDE
Largest movements
- Cash +€22,223
up €22,223 (+158%), from €14,089 to €36,311
mainly Net result for the year (+€34,362) and Depreciation (+€33,600)
- Tangible fixed assets -€18,375
down €18,375 (-12.0%), from €153,497 to €135,123
of which Furniture and vehicles: -€15,228
- Reserves +€22,362
up €22,362 (+34.2%), from €65,454 to €87,817
- Debts after one year -€14,639
down €14,639 (-26.5%), from €55,218 to €40,579
- Trade debts -€4,483
down €4,483 (-69.7%), from €6,428 to €1,945
- Tax, wage and social debts -€2,403
down €2,403 (-22.0%), from €10,908 to €8,506
of which Taxes: -€1,676
- Other debts +€2,306
up €2,306 (+18.4%), from €12,541 to €14,847
- Depreciation +€10,067
up €10,067 (+42.8%), from €23,533 to €33,600
- Staff costs +€2,178
up €2,178 (+10.0%), from €21,674 to €23,851
- Other operating charges -€2,079
down €2,079 (-42.5%), from €4,897 to €2,818
- Taxes -€1,329
down €1,329 (-13.4%), from €9,901 to €8,572
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.
Derived cash bridge
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 | €178,727 | €182,432 | +€3,705 | +2.1% |
| Fixed assets | 21/28 | €153,497 | €135,123 | -€18,375 | -12.0% |
| Tangible fixed assets | 22/27 | €153,497 | €135,123 | -€18,375 | -12.0% |
| Plant, machinery and equipment | 23 | €18,784 | €15,638 | -€3,146 | -16.7% |
| Furniture and vehicles | 24 | €134,713 | €119,485 | -€15,228 | -11.3% |
| Current assets | 29/58 | €25,230 | €47,310 | +€22,080 | +87.5% |
| Stocks and contracts in progress | 3 | €1,536 | €800 | -€737 | -47.9% |
| Stocks | 30/36 | €1,536 | €800 | -€737 | -47.9% |
| Amounts receivable within one year | 40/41 | €8,263 | €8,325 | +€63 | +0.8% |
| Other amounts receivable | 41 | €8,263 | €8,325 | +€63 | +0.8% |
| Cash at bank and in hand | 54/58 | €14,089 | €36,311 | +€22,223 | +158% |
| Deferred charges and accrued income | 490/1 | €1,343 | €1,874 | +€531 | +39.5% |
| Total equity and liabilities | 10/49 | €178,727 | €182,432 | +€3,705 | +2.1% |
| Equity | 10/15 | €79,554 | €101,917 | +€22,362 | +28.1% |
| Contributions | 10/11 | €14,100 | €14,100 | = | 0.0% |
| Reserves | 13 | €65,454 | €87,817 | +€22,362 | +34.2% |
| Distributable reserves | 133 | €65,454 | €87,817 | +€22,362 | +34.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €99,173 | €80,516 | -€18,657 | -18.8% |
| Amounts payable after more than one year | 17 | €55,218 | €40,579 | -€14,639 | -26.5% |
| Financial debts | 170/4 | €55,218 | €40,579 | -€14,639 | -26.5% |
| Amounts payable within one year | 42/48 | €43,955 | €39,937 | -€4,018 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €14,077 | €14,639 | +€562 | +4.0% |
| Trade debts | 44 | €6,428 | €1,945 | -€4,483 | -69.7% |
| Suppliers | 440/4 | €6,428 | €1,945 | -€4,483 | -69.7% |
| Taxes, remuneration and social security | 45 | €10,908 | €8,506 | -€2,403 | -22.0% |
| Taxes | 450/3 | €7,914 | €6,238 | -€1,676 | -21.2% |
| Remuneration and social security | 454/9 | €2,995 | €2,268 | -€727 | -24.3% |
| Other amounts payable | 47/48 | €12,541 | €14,847 | +€2,306 | +18.4% |
| Non-recurring operating income | 76A | €31,674 | €4,300 | -€27,374 | -86.4% |
| Remuneration, social security and pensions | 62 | €21,674 | €23,851 | +€2,178 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,533 | €33,600 | +€10,067 | +42.8% |
| Other operating charges | 640/8 | €4,897 | €2,818 | -€2,079 | -42.5% |
| Gross operating margin | 9900 | €107,498 | €107,032 | -€466 | -0.4% |
| Operating profit (loss) | 9901 | €57,395 | €46,763 | -€10,632 | -18.5% |
| Financial income | 75/76B | €243 | €19 | -€224 | -92.1% |
| Recurring financial income | 75 | €243 | €19 | -€224 | -92.1% |
| Financial charges | 65/66B | €3,293 | €3,849 | +€556 | +16.9% |
| Recurring financial charges | 65 | €3,293 | €3,849 | +€556 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €54,345 | €42,934 | -€11,412 | -21.0% |
| Income taxes | 67/77 | €9,901 | €8,572 | -€1,329 | -13.4% |
| Profit (loss) for the period | 9904 | €44,444 | €34,362 | -€10,082 | -22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €44,444 | €34,362 | -€10,082 | -22.7% |
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 15 October 2026 via checked.be.