SKILL SHOT: 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.
SKILL SHOT
Largest movements
- Cash +€44,433
up €44,433 (+792.1%), from €5,609 to €50,042
mainly Net result for the year (+€22,870) and Current investments (+€13,224)
- Current investments -€13,224
no longer reported in 2025 (was €13,224)
- Tangible fixed assets -€3,736
down €3,736 (-17.9%), from €20,916 to €17,180
of which Furniture and vehicles: -€5,490
- Receivables after one year +€1,208
up €1,208 (+4.9%), from €24,454 to €25,662
- Profit (loss) carried forward +€13,799
up €13,799, from -€13,799 to €0
- Reserves +€9,071
up €9,071 (+10.6%), from €85,654 to €94,725
- Tax, wage and social debts +€3,425
up €3,425 (+64.0%), from €5,354 to €8,779
- Trade debts +€1,477
up €1,477 (+46.3%), from €3,186 to €4,663
- Gross operating margin +€40,917
up €40,917 (+1404.1%), from €2,914 to €43,831
- Taxes +€11,538
up €11,538 (+2741.0%), from €421 to €11,959
- Depreciation -€2,071
down €2,071 (-17.9%), from €11,557 to €9,486
- Other operating charges +€987
up €987 (+192.3%), from €513 to €1,500
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 | €87,023 | €114,712 | +€27,689 | +31.8% |
| Fixed assets | 21/28 | €21,024 | €17,180 | -€3,844 | -18.3% |
| Intangible fixed assets | 21 | €108 | €0 | -€108 | -100.0% |
| Tangible fixed assets | 22/27 | €20,916 | €17,180 | -€3,736 | -17.9% |
| Land and buildings | 22 | €4,660 | €3,943 | -€716 | -15.4% |
| Plant, machinery and equipment | 23 | €160 | €0 | -€160 | -100.0% |
| Furniture and vehicles | 24 | €7,472 | €1,982 | -€5,490 | -73.5% |
| Other tangible fixed assets | 26 | €8,625 | €11,255 | +€2,630 | +30.5% |
| Current assets | 29/58 | €65,999 | €97,532 | +€31,533 | +47.8% |
| Amounts receivable after more than one year | 29 | €24,454 | €25,662 | +€1,208 | +4.9% |
| Other amounts receivable | 291 | €24,454 | €25,662 | +€1,208 | +4.9% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €21,438 | €20,722 | -€716 | -3.3% |
| Trade receivables | 40 | €12,021 | €6,248 | -€5,773 | -48.0% |
| Other amounts receivable | 41 | €9,417 | €14,474 | +€5,057 | +53.7% |
| Current investments | 50/53 | €13,224 | - | -€13,224 | |
| Cash at bank and in hand | 54/58 | €5,609 | €50,042 | +€44,433 | +792.1% |
| Deferred charges and accrued income | 490/1 | €274 | €106 | -€168 | -61.3% |
| Total equity and liabilities | 10/49 | €87,023 | €114,712 | +€27,689 | +31.8% |
| Equity | 10/15 | €78,055 | €100,925 | +€22,870 | +29.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €85,654 | €94,725 | +€9,071 | +10.6% |
| Distributable reserves | 133 | €85,654 | €94,725 | +€9,071 | +10.6% |
| Profit (loss) carried forward | 14 | -€13,799 | €0 | +€13,799 | |
| Amounts payable | 17/49 | €8,968 | €13,787 | +€4,819 | +53.7% |
| Amounts payable within one year | 42/48 | €8,968 | €13,787 | +€4,819 | +53.7% |
| Financial debts | 43 | €428 | €346 | -€82 | -19.3% |
| Credit institutions | 430/8 | - | €346 | +€346 | |
| Other loans | 439 | €428 | €0 | -€428 | -100.0% |
| Trade debts | 44 | €3,186 | €4,663 | +€1,477 | +46.3% |
| Suppliers | 440/4 | €3,186 | €4,663 | +€1,477 | +46.3% |
| Taxes, remuneration and social security | 45 | €5,354 | €8,779 | +€3,425 | +64.0% |
| Taxes | 450/3 | €5,354 | €8,779 | +€3,425 | +64.0% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,557 | €9,486 | -€2,071 | -17.9% |
| Other operating charges | 640/8 | €513 | €1,500 | +€987 | +192.3% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €2,914 | €43,831 | +€40,917 | +1404.1% |
| Operating profit (loss) | 9901 | -€9,157 | €32,844 | +€42,000 | |
| Financial income | 75/76B | €1,898 | €2,280 | +€382 | +20.1% |
| Recurring financial income | 75 | €1,898 | €2,280 | +€382 | +20.1% |
| Financial charges | 65/66B | €397 | €295 | -€102 | -25.6% |
| Recurring financial charges | 65 | €397 | €295 | -€102 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,655 | €34,829 | +€42,484 | |
| Income taxes | 67/77 | €421 | €11,959 | +€11,538 | +2741.0% |
| Profit (loss) for the period | 9904 | -€8,076 | €22,870 | +€30,946 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,076 | €22,870 | +€30,946 |
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 4 October 2026 via checked.be.