SIDES: 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.
SIDES
Largest movements
- Tangible fixed assets +€15,945
up €15,945 (+112.5%), from €14,174 to €30,118
of which Furniture and vehicles: +€12,968
- Cash -€6,399
down €6,399 (-54.9%), from €11,647 to €5,248
mainly Investment in fixed assets (net) (-€20,992) and Contributions, distributions and other (-€15,000)
- Receivables within one year -€1,859
down €1,859 (-65.3%), from €2,846 to €987
of which Trade receivables: -€2,807
- Deferred charges and accrued income +€1,374
up €1,374 (+228.2%), from €602 to €1,976
- Tax, wage and social debts +€8,835
up €8,835 (+142.4%), from €6,206 to €15,042
- Profit (loss) carried forward -€4,092
down €4,092 (-20.1%), from €20,400 to €16,308
- Other debts +€3,969
up €3,969 (+385.1%), from €1,031 to €5,000
- Gross operating margin -€8,116
down €8,116 (-28.2%), from €28,747 to €20,632
- Depreciation +€3,221
up €3,221 (+176.3%), from €1,826 to €5,047
- Taxes -€1,777
down €1,777 (-30.6%), from €5,800 to €4,023
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 | €29,269 | €38,329 | +€9,060 | +31.0% |
| Fixed assets | 21/28 | €14,174 | €30,118 | +€15,945 | +112.5% |
| Tangible fixed assets | 22/27 | €14,174 | €30,118 | +€15,945 | +112.5% |
| Furniture and vehicles | 24 | €8,174 | €21,142 | +€12,968 | +158.7% |
| Other tangible fixed assets | 26 | - | €2,977 | +€2,977 | |
| Assets under construction and advance payments | 27 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €15,095 | €8,211 | -€6,884 | -45.6% |
| Amounts receivable within one year | 40/41 | €2,846 | €987 | -€1,859 | -65.3% |
| Trade receivables | 40 | €2,846 | €39 | -€2,807 | -98.6% |
| Other amounts receivable | 41 | - | €948 | +€948 | |
| Cash at bank and in hand | 54/58 | €11,647 | €5,248 | -€6,399 | -54.9% |
| Deferred charges and accrued income | 490/1 | €602 | €1,976 | +€1,374 | +228.2% |
| Total equity and liabilities | 10/49 | €29,269 | €38,329 | +€9,060 | +31.0% |
| Equity | 10/15 | €21,900 | €17,808 | -€4,092 | -18.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,400 | €16,308 | -€4,092 | -20.1% |
| Amounts payable | 17/49 | €7,369 | €20,521 | +€13,152 | +178.5% |
| Amounts payable within one year | 42/48 | €7,369 | €20,521 | +€13,152 | +178.5% |
| Trade debts | 44 | €132 | €479 | +€347 | +264.0% |
| Suppliers | 440/4 | €132 | €479 | +€347 | +264.0% |
| Taxes, remuneration and social security | 45 | €6,206 | €15,042 | +€8,835 | +142.4% |
| Taxes | 450/3 | €6,206 | €15,042 | +€8,835 | +142.4% |
| Other amounts payable | 47/48 | €1,031 | €5,000 | +€3,969 | +385.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,826 | €5,047 | +€3,221 | +176.3% |
| Other operating charges | 640/8 | €644 | €586 | -€58 | -9.0% |
| Gross operating margin | 9900 | €28,747 | €20,632 | -€8,116 | -28.2% |
| Operating profit (loss) | 9901 | €26,277 | €14,999 | -€11,278 | -42.9% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €77 | €93 | +€16 | +21.1% |
| Recurring financial charges | 65 | €77 | €93 | +€16 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €26,200 | €14,931 | -€11,269 | -43.0% |
| Income taxes | 67/77 | €5,800 | €4,023 | -€1,777 | -30.6% |
| Profit (loss) for the period | 9904 | €20,400 | €10,908 | -€9,491 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,400 | €10,908 | -€9,491 | -46.5% |
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 6 October 2026 via checked.be.