Side 22: 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 22
Largest movements
- Cash -€12,279
down €12,279 (-49.8%), from €24,671 to €12,393
mainly Investment in fixed assets (net) (-€14,118) and Receivables within one year (-€9,022)
- Tangible fixed assets +€12,137
up €12,137 (+1,107%), from €1,096 to €13,233
of which Land and buildings: +€8,822
- Receivables within one year +€9,022
up €9,022 (+250%), from €3,605 to €12,627
of which Other amounts receivable: +€8,011
- Current investments +€7,319
up €7,319 (+107%), from €6,836 to €14,155
- Intangible fixed assets -€681
down €681 (-45.4%), from €1,500 to €819
- Profit (loss) carried forward +€23,053
new in 2025: €23,053
- Other debts -€4,034
down €4,034 (-96.5%), from €4,180 to €146
- Tax, wage and social debts -€3,340
down €3,340 (-18.5%), from €18,058 to €14,718
of which Remuneration and social security: -€9,750
- Gross operating margin +€18,702
up €18,702 (+131%), from €14,243 to €32,945
- Taxes +€3,066
up €3,066 (+81.8%), from €3,748 to €6,814
- Depreciation +€1,812
up €1,812 (+213%), from €851 to €2,663
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 | €37,708 | €53,227 | +€15,519 | +41.2% |
| Fixed assets | 21/28 | €2,596 | €14,052 | +€11,456 | +441% |
| Intangible fixed assets | 21 | €1,500 | €819 | -€681 | -45.4% |
| Tangible fixed assets | 22/27 | €1,096 | €13,233 | +€12,137 | +1,107% |
| Land and buildings | 22 | - | €8,822 | +€8,822 | |
| Furniture and vehicles | 24 | €1,096 | €4,411 | +€3,315 | +302% |
| Current assets | 29/58 | €35,112 | €39,175 | +€4,063 | +11.6% |
| Amounts receivable within one year | 40/41 | €3,605 | €12,627 | +€9,022 | +250% |
| Trade receivables | 40 | €3,597 | €4,609 | +€1,012 | +28.1% |
| Other amounts receivable | 41 | €7 | €8,018 | +€8,011 | +108,989% |
| Current investments | 50/53 | €6,836 | €14,155 | +€7,319 | +107% |
| Cash at bank and in hand | 54/58 | €24,671 | €12,393 | -€12,279 | -49.8% |
| Total equity and liabilities | 10/49 | €37,708 | €53,227 | +€15,519 | +41.2% |
| Equity | 10/15 | €11,973 | €35,025 | +€23,053 | +193% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €9,473 | €9,473 | = | 0.0% |
| Distributable reserves | 133 | €9,473 | €9,473 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €23,053 | +€23,053 | |
| Amounts payable | 17/49 | €25,736 | €18,202 | -€7,534 | -29.3% |
| Amounts payable within one year | 42/48 | €25,736 | €18,202 | -€7,534 | -29.3% |
| Trade debts | 44 | €3,498 | €3,114 | -€384 | -11.0% |
| Suppliers | 440/4 | €3,498 | €3,114 | -€384 | -11.0% |
| Advances received on contracts in progress | 46 | - | €224 | +€224 | |
| Taxes, remuneration and social security | 45 | €18,058 | €14,718 | -€3,340 | -18.5% |
| Taxes | 450/3 | €8,307 | €14,718 | +€6,411 | +77.2% |
| Remuneration and social security | 454/9 | €9,750 | €0 | -€9,750 | -100% |
| Other amounts payable | 47/48 | €4,180 | €146 | -€4,034 | -96.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €851 | €2,663 | +€1,812 | +213% |
| Other operating charges | 640/8 | - | €100 | +€100 | |
| Gross operating margin | 9900 | €14,243 | €32,945 | +€18,702 | +131% |
| Operating profit (loss) | 9901 | €13,391 | €30,182 | +€16,791 | +125% |
| Financial income | 75/76B | €8 | €63 | +€56 | +706% |
| Recurring financial income | 75 | €8 | €63 | +€56 | +706% |
| Financial charges | 65/66B | €179 | €379 | +€200 | +112% |
| Recurring financial charges | 65 | €179 | €379 | +€200 | +112% |
| Profit (loss) for the period before taxes | 9903 | €13,220 | €29,867 | +€16,647 | +126% |
| Income taxes | 67/77 | €3,748 | €6,814 | +€3,066 | +81.8% |
| Profit (loss) for the period | 9904 | €9,473 | €23,053 | +€13,580 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €9,473 | €23,053 | +€13,580 | +143% |
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 14 October 2026 via checked.be.