SMALL ISLAND MANAGEMENT: what changed
SMALL ISLAND MANAGEMENT
Largest movements
- Tangible fixed assets -€83,664
down €83,664 (-14.3%), from €583,664 to €500,000
- Cash +€24,045
up €24,045 (+90.4%), from €26,607 to €50,652
mainly Depreciation (+€83,664) and Trade debts (+€52,505)
- Profit (loss) carried forward -€105,545
down €105,545 (-30.3%), from €348,330 to €242,785
- Trade debts +€52,505
up €52,505 (+22.0%), from €238,587 to €291,091
- Gross operating margin +€37,916
up €37,916 (+259%), from €14,613 to €52,529
- Depreciation -€5,905
down €5,905 (-6.6%), from €89,569 to €83,664
- Other operating charges +€2,007
up €2,007 (+2.8%), from €71,949 to €73,956
- Financial charges -€1,221
down €1,221 (-72.9%), from €1,675 to €453
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €671,661 | €615,993 | -€55,668 | -8.3% |
| Fixed assets | 21/28 | €583,664 | €500,000 | -€83,664 | -14.3% |
| Tangible fixed assets | 22/27 | €583,664 | €500,000 | -€83,664 | -14.3% |
| Land and buildings | 22 | €583,664 | €500,000 | -€83,664 | -14.3% |
| Current assets | 29/58 | €87,997 | €115,993 | +€27,996 | +31.8% |
| Amounts receivable within one year | 40/41 | €61,390 | €65,341 | +€3,951 | +6.4% |
| Trade receivables | 40 | €55,100 | €58,100 | +€3,000 | +5.4% |
| Other amounts receivable | 41 | €6,290 | €7,241 | +€951 | +15.1% |
| Cash at bank and in hand | 54/58 | €26,607 | €50,652 | +€24,045 | +90.4% |
| Total equity and liabilities | 10/49 | €671,661 | €615,993 | -€55,668 | -8.3% |
| Equity | 10/15 | €416,530 | €310,985 | -€105,545 | -25.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €348,330 | €242,785 | -€105,545 | -30.3% |
| Amounts payable | 17/49 | €255,132 | €305,008 | +€49,877 | +19.5% |
| Amounts payable within one year | 42/48 | €255,132 | €305,008 | +€49,877 | +19.5% |
| Trade debts | 44 | €238,587 | €291,091 | +€52,505 | +22.0% |
| Suppliers | 440/4 | €238,587 | €291,091 | +€52,505 | +22.0% |
| Taxes, remuneration and social security | 45 | €945 | €2,317 | +€1,372 | +145% |
| Taxes | 450/3 | €945 | €2,317 | +€1,372 | +145% |
| Other amounts payable | 47/48 | €15,600 | €11,600 | -€4,000 | -25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,569 | €83,664 | -€5,905 | -6.6% |
| Other operating charges | 640/8 | €71,949 | €73,956 | +€2,007 | +2.8% |
| Gross operating margin | 9900 | €14,613 | €52,529 | +€37,916 | +259% |
| Operating profit (loss) | 9901 | -€146,905 | -€105,092 | +€41,813 | +28.5% |
| Financial charges | 65/66B | €1,675 | €453 | -€1,221 | -72.9% |
| Recurring financial charges | 65 | €1,675 | €453 | -€1,221 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | -€148,580 | -€105,545 | +€43,035 | +29.0% |
| Profit (loss) for the period | 9904 | -€148,580 | -€105,545 | +€43,035 | +29.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€148,580 | -€105,545 | +€43,035 | +29.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.