simple architecture: 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.
simple architecture
Largest movements
- Receivables within one year +€59,083
up €59,083 (+90.5%), from €65,302 to €124,385
of which Trade receivables: +€60,727
- Cash -€8,878
down €8,878 (-14.8%), from €60,115 to €51,237
mainly Receivables within one year (-€59,083) and Contributions, distributions and other (-€28,550)
- Tangible fixed assets -€6,828
down €6,828 (-39.7%), from €17,220 to €10,392
of which Other tangible fixed assets: -€3,702
- Deferred charges and accrued income +€6,149
up €6,149 (+71.1%), from €8,642 to €14,791
- Reserves +€44,000
up €44,000 (+3673.4%), from €1,198 to €45,198
of which Distributable reserves: +€44,000
- Profit (loss) carried forward -€26,030
down €26,030 (-46.5%), from €56,038 to €30,008
- Other debts +€22,249
up €22,249 (+134.8%), from €16,505 to €38,754
- Tax, wage and social debts +€10,641
up €10,641 (+40.0%), from €26,609 to €37,249
- Trade debts +€7,938
up €7,938 (+22.9%), from €34,728 to €42,666
- Gross operating margin +€35,244
up €35,244 (+83.0%), from €42,484 to €77,728
- Taxes +€9,166
up €9,166 (+108.3%), from €8,461 to €17,627
- Other operating charges +€2,827
up €2,827 (+465.4%), from €607 to €3,434
- Depreciation -€2,556
down €2,556 (-24.0%), from €10,640 to €8,083
- Financial charges +€1,201
up €1,201 (+133.8%), from €897 to €2,098
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 | €151,280 | €200,805 | +€49,526 | +32.7% |
| Fixed assets | 21/28 | €17,220 | €10,392 | -€6,828 | -39.7% |
| Tangible fixed assets | 22/27 | €17,220 | €10,392 | -€6,828 | -39.7% |
| Plant, machinery and equipment | 23 | €769 | €182 | -€587 | -76.3% |
| Furniture and vehicles | 24 | €7,637 | €5,099 | -€2,539 | -33.2% |
| Other tangible fixed assets | 26 | €8,813 | €5,111 | -€3,702 | -42.0% |
| Current assets | 29/58 | €134,060 | €190,414 | +€56,354 | +42.0% |
| Amounts receivable within one year | 40/41 | €65,302 | €124,385 | +€59,083 | +90.5% |
| Trade receivables | 40 | €60,055 | €120,782 | +€60,727 | +101.1% |
| Other amounts receivable | 41 | €5,247 | €3,604 | -€1,644 | -31.3% |
| Cash at bank and in hand | 54/58 | €60,115 | €51,237 | -€8,878 | -14.8% |
| Deferred charges and accrued income | 490/1 | €8,642 | €14,791 | +€6,149 | +71.1% |
| Total equity and liabilities | 10/49 | €151,280 | €200,805 | +€49,526 | +32.7% |
| Equity | 10/15 | €63,435 | €81,406 | +€17,970 | +28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,198 | €45,198 | +€44,000 | +3673.4% |
| Non-distributable reserves | 130/1 | €1,198 | €1,198 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,198 | €1,198 | = | 0.0% |
| Distributable reserves | 133 | - | €44,000 | +€44,000 | |
| Profit (loss) carried forward | 14 | €56,038 | €30,008 | -€26,030 | -46.5% |
| Amounts payable | 17/49 | €87,844 | €119,400 | +€31,556 | +35.9% |
| Amounts payable after more than one year | 17 | €663 | - | -€663 | |
| Financial debts | 170/4 | €663 | - | -€663 | |
| Amounts payable within one year | 42/48 | €81,709 | €119,333 | +€37,623 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €3,867 | €663 | -€3,204 | -82.8% |
| Trade debts | 44 | €34,728 | €42,666 | +€7,938 | +22.9% |
| Suppliers | 440/4 | €34,728 | €42,666 | +€7,938 | +22.9% |
| Taxes, remuneration and social security | 45 | €26,609 | €37,249 | +€10,641 | +40.0% |
| Taxes | 450/3 | €26,609 | €37,249 | +€10,641 | +40.0% |
| Other amounts payable | 47/48 | €16,505 | €38,754 | +€22,249 | +134.8% |
| Accrued charges and deferred income | 492/3 | €5,471 | €67 | -€5,404 | -98.8% |
| Non-recurring operating income | 76A | - | €18,067 | +€18,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,640 | €8,083 | -€2,556 | -24.0% |
| Other operating charges | 640/8 | €607 | €3,434 | +€2,827 | +465.4% |
| Gross operating margin | 9900 | €42,484 | €77,728 | +€35,244 | +83.0% |
| Operating profit (loss) | 9901 | €31,237 | €66,210 | +€34,974 | +112.0% |
| Financial income | 75/76B | - | €36 | +€36 | |
| Recurring financial income | 75 | - | €36 | +€36 | |
| Financial charges | 65/66B | €897 | €2,098 | +€1,201 | +133.8% |
| Recurring financial charges | 65 | €897 | €2,098 | +€1,201 | +133.8% |
| Profit (loss) for the period before taxes | 9903 | €30,339 | €64,148 | +€33,809 | +111.4% |
| Income taxes | 67/77 | €8,461 | €17,627 | +€9,166 | +108.3% |
| Profit (loss) for the period | 9904 | €21,878 | €46,521 | +€24,643 | +112.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,878 | €46,521 | +€24,643 | +112.6% |
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 12 October 2026 via checked.be.