Since 21: 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.
Since 21
Largest movements
- Cash +€16,799
up €16,799 (+48.1%), from €34,916 to €51,715
mainly Net result for the year (+€67,206) and Other debts (+€48,445)
- Receivables within one year +€9,209
up €9,209 (+35.6%), from €25,892 to €35,101
of which Trade receivables: +€6,976
- Tangible fixed assets -€5,323
down €5,323 (-19.1%), from €27,794 to €22,472
of which Furniture and vehicles: -€5,161
- Other debts +€48,445
up €48,445 (+128%), from €37,741 to €86,187
- Profit (loss) carried forward -€39,300
no longer reported in 2025 (was €39,300)
- Tax, wage and social debts +€11,485
up €11,485 (+109%), from €10,561 to €22,046
of which Taxes: +€14,069
- Gross operating margin +€33,521
up €33,521 (+57.1%), from €58,730 to €92,250
- Taxes +€4,192
up €4,192 (+30.9%), from €13,575 to €17,767
- Depreciation +€3,011
up €3,011 (+86.7%), from €3,474 to €6,485
- Financial charges -€1,535
down €1,535 (-97.3%), from €1,579 to €43
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 | €88,602 | €109,288 | +€20,685 | +23.3% |
| Fixed assets | 21/28 | €27,794 | €22,472 | -€5,323 | -19.1% |
| Tangible fixed assets | 22/27 | €27,794 | €22,472 | -€5,323 | -19.1% |
| Plant, machinery and equipment | 23 | €402 | €240 | -€162 | -40.2% |
| Furniture and vehicles | 24 | €27,392 | €22,232 | -€5,161 | -18.8% |
| Current assets | 29/58 | €60,808 | €86,816 | +€26,008 | +42.8% |
| Amounts receivable within one year | 40/41 | €25,892 | €35,101 | +€9,209 | +35.6% |
| Trade receivables | 40 | €25,435 | €32,411 | +€6,976 | +27.4% |
| Other amounts receivable | 41 | €457 | €2,690 | +€2,233 | +489% |
| Cash at bank and in hand | 54/58 | €34,916 | €51,715 | +€16,799 | +48.1% |
| Total equity and liabilities | 10/49 | €88,602 | €109,288 | +€20,685 | +23.3% |
| Equity | 10/15 | €40,300 | €1,000 | -€39,300 | -97.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,300 | - | -€39,300 | |
| Amounts payable | 17/49 | €48,303 | €108,288 | +€59,985 | +124% |
| Amounts payable within one year | 42/48 | €48,303 | €108,288 | +€59,985 | +124% |
| Trade debts | 44 | - | €55 | +€55 | |
| Suppliers | 440/4 | - | €55 | +€55 | |
| Taxes, remuneration and social security | 45 | €10,561 | €22,046 | +€11,485 | +109% |
| Taxes | 450/3 | €7,978 | €22,046 | +€14,069 | +176% |
| Remuneration and social security | 454/9 | €2,584 | - | -€2,584 | |
| Other amounts payable | 47/48 | €37,741 | €86,187 | +€48,445 | +128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,474 | €6,485 | +€3,011 | +86.7% |
| Other operating charges | 640/8 | €669 | €749 | +€79 | +11.9% |
| Gross operating margin | 9900 | €58,730 | €92,250 | +€33,521 | +57.1% |
| Operating profit (loss) | 9901 | €54,587 | €85,017 | +€30,430 | +55.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,579 | €43 | -€1,535 | -97.3% |
| Recurring financial charges | 65 | €1,579 | €43 | -€1,535 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | €53,008 | €84,973 | +€31,965 | +60.3% |
| Income taxes | 67/77 | €13,575 | €17,767 | +€4,192 | +30.9% |
| Profit (loss) for the period | 9904 | €39,433 | €67,206 | +€27,774 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,433 | €67,206 | +€27,774 | +70.4% |
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 17 October 2026 via checked.be.