Sleutelbeen: 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.
Sleutelbeen
Largest movements
- Cash +€5,958
up €5,958 (+25.5%), from €23,363 to €29,321
mainly Other debts (+€4,943) and Net result for the year (+€4,862)
- Tangible fixed assets -€2,231
down €2,231 (-33.2%), from €6,718 to €4,487
- Deferred charges and accrued income +€947
up €947 (+35.7%), from €2,652 to €3,600
- Other debts +€4,943
new in 2025: €4,943
- Profit (loss) carried forward +€4,862
up €4,862 (+76.7%), from €6,335 to €11,196
- Trade debts -€4,738
down €4,738 (-44.3%), from €10,706 to €5,968
- Gross operating margin +€21,199
up €21,199 (+27.7%), from €76,465 to €97,664
- Other operating charges +€1,926
up €1,926 (+52.3%), from €3,682 to €5,608
- Staff costs +€1,909
up €1,909 (+2.4%), from €80,684 to €82,593
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 | €55,481 | €60,308 | +€4,827 | +8.7% |
| Fixed assets | 21/28 | €11,518 | €9,287 | -€2,231 | -19.4% |
| Tangible fixed assets | 22/27 | €6,718 | €4,487 | -€2,231 | -33.2% |
| Plant, machinery and equipment | 23 | €6,718 | €4,487 | -€2,231 | -33.2% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €43,963 | €51,021 | +€7,058 | +16.1% |
| Amounts receivable within one year | 40/41 | €17,947 | €18,100 | +€153 | +0.9% |
| Trade receivables | 40 | €12,947 | €15,100 | +€2,153 | +16.6% |
| Other amounts receivable | 41 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €23,363 | €29,321 | +€5,958 | +25.5% |
| Deferred charges and accrued income | 490/1 | €2,652 | €3,600 | +€947 | +35.7% |
| Total equity and liabilities | 10/49 | €55,481 | €60,308 | +€4,827 | +8.7% |
| Equity | 10/15 | €24,839 | €29,700 | +€4,862 | +19.6% |
| Contributions | 10/11 | €13,950 | €13,950 | = | 0.0% |
| Reserves | 13 | €4,554 | €4,554 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,694 | €2,694 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,335 | €11,196 | +€4,862 | +76.7% |
| Amounts payable | 17/49 | €30,642 | €30,608 | -€35 | -0.1% |
| Amounts payable within one year | 42/48 | €30,642 | €30,608 | -€35 | -0.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €10,706 | €5,968 | -€4,738 | -44.3% |
| Suppliers | 440/4 | €10,706 | €5,968 | -€4,738 | -44.3% |
| Taxes, remuneration and social security | 45 | €19,936 | €19,696 | -€240 | -1.2% |
| Taxes | 450/3 | €4,112 | €2,777 | -€1,335 | -32.5% |
| Remuneration and social security | 454/9 | €15,824 | €16,919 | +€1,095 | +6.9% |
| Other amounts payable | 47/48 | - | €4,943 | +€4,943 | |
| Remuneration, social security and pensions | 62 | €80,684 | €82,593 | +€1,909 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,906 | €4,128 | +€222 | +5.7% |
| Other operating charges | 640/8 | €3,682 | €5,608 | +€1,926 | +52.3% |
| Gross operating margin | 9900 | €76,465 | €97,664 | +€21,199 | +27.7% |
| Operating profit (loss) | 9901 | -€11,808 | €5,335 | +€17,143 | |
| Financial charges | 65/66B | €433 | €474 | +€41 | +9.5% |
| Recurring financial charges | 65 | €433 | €474 | +€41 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,240 | €4,862 | +€17,102 | |
| Profit (loss) for the period | 9904 | -€12,240 | €4,862 | +€17,102 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,240 | €4,862 | +€17,102 |
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.