Simplify: 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.
Simplify
Largest movements
- Cash +€73,675
up €73,675 (+96.5%), from €76,353 to €150,027
mainly Other debts (+€75,517) and Net result for the year (+€74,288)
- Receivables within one year -€14,111
down €14,111 (-50.0%), from €28,234 to €14,123
of which Trade receivables: -€14,111
- Tangible fixed assets -€9,656
down €9,656 (-17.6%), from €54,785 to €45,129
of which Furniture and vehicles: -€8,428
- Other debts +€75,517
up €75,517 (+625.8%), from €12,067 to €87,585
- Tax, wage and social debts -€27,345
down €27,345 (-56.2%), from €48,657 to €21,311
of which Taxes: -€16,058
- Gross operating margin +€19,348
up €19,348 (+20.5%), from €94,388 to €113,736
- Depreciation +€2,172
up €2,172 (+21.0%), from €10,333 to €12,505
- Taxes +€1,853
up €1,853 (+7.4%), from €24,905 to €26,758
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 | €162,752 | €211,083 | +€48,331 | +29.7% |
| Fixed assets | 21/28 | €54,785 | €45,129 | -€9,656 | -17.6% |
| Tangible fixed assets | 22/27 | €54,785 | €45,129 | -€9,656 | -17.6% |
| Furniture and vehicles | 24 | €44,812 | €36,384 | -€8,428 | -18.8% |
| Other tangible fixed assets | 26 | €9,973 | €8,745 | -€1,229 | -12.3% |
| Current assets | 29/58 | €107,966 | €165,954 | +€57,988 | +53.7% |
| Amounts receivable within one year | 40/41 | €28,234 | €14,123 | -€14,111 | -50.0% |
| Trade receivables | 40 | €28,086 | €13,976 | -€14,111 | -50.2% |
| Other amounts receivable | 41 | €147 | €147 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,353 | €150,027 | +€73,675 | +96.5% |
| Deferred charges and accrued income | 490/1 | €3,380 | €1,804 | -€1,576 | -46.6% |
| Total equity and liabilities | 10/49 | €162,752 | €211,083 | +€48,331 | +29.7% |
| Equity | 10/15 | €99,440 | €99,440 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €96,940 | €96,940 | = | 0.0% |
| Distributable reserves | 133 | €96,940 | €96,940 | = | 0.0% |
| Amounts payable | 17/49 | €63,311 | €111,643 | +€48,331 | +76.3% |
| Amounts payable within one year | 42/48 | €62,072 | €110,403 | +€48,331 | +77.9% |
| Trade debts | 44 | €1,348 | €1,507 | +€159 | +11.8% |
| Suppliers | 440/4 | €1,348 | €1,507 | +€159 | +11.8% |
| Taxes, remuneration and social security | 45 | €48,657 | €21,311 | -€27,345 | -56.2% |
| Taxes | 450/3 | €36,057 | €19,999 | -€16,058 | -44.5% |
| Remuneration and social security | 454/9 | €12,600 | €1,313 | -€11,287 | -89.6% |
| Other amounts payable | 47/48 | €12,067 | €87,585 | +€75,517 | +625.8% |
| Accrued charges and deferred income | 492/3 | €1,240 | €1,240 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,333 | €12,505 | +€2,172 | +21.0% |
| Other operating charges | 640/8 | €211 | €62 | -€149 | -70.6% |
| Gross operating margin | 9900 | €94,388 | €113,736 | +€19,348 | +20.5% |
| Operating profit (loss) | 9901 | €83,843 | €101,169 | +€17,326 | +20.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,235 | €123 | -€1,112 | -90.0% |
| Recurring financial charges | 65 | €1,235 | €123 | -€1,112 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €82,608 | €101,046 | +€18,437 | +22.3% |
| Income taxes | 67/77 | €24,905 | €26,758 | +€1,853 | +7.4% |
| Profit (loss) for the period | 9904 | €57,704 | €74,288 | +€16,584 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,704 | €74,288 | +€16,584 | +28.7% |
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 2 October 2026 via checked.be.