SO: 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.
SO
Largest movements
- Cash +€8,745
up €8,745 (+27.8%), from €31,406 to €40,151
mainly Other debts (+€6,357) and Net result for the year (+€4,880)
- Tangible fixed assets -€1,603
down €1,603 (-2.6%), from €61,162 to €59,559
of which Land and buildings: -€827
- Debts after one year -€8,911
down €8,911 (-20.6%), from €43,173 to €34,262
- Other debts +€6,357
up €6,357 (+44.9%), from €14,162 to €20,519
- Profit (loss) carried forward +€4,880
up €4,880 (+35.9%), from €13,609 to €18,489
- Current portion of long-term debt +€4,558
up €4,558, from €0 to €4,558
- Gross operating margin -€2,431
down €2,431 (-17.7%), from €13,761 to €11,330
- Taxes -€1,208
down €1,208 (-89.6%), from €1,347 to €140
- Depreciation -€1,005
down €1,005 (-38.5%), from €2,607 to €1,603
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 | €94,726 | €101,546 | +€6,820 | +7.2% |
| Fixed assets | 21/28 | €61,162 | €59,559 | -€1,603 | -2.6% |
| Tangible fixed assets | 22/27 | €61,162 | €59,559 | -€1,603 | -2.6% |
| Land and buildings | 22 | €57,345 | €56,518 | -€827 | -1.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €514 | €173 | -€341 | -66.4% |
| Other tangible fixed assets | 26 | €3,303 | €2,869 | -€434 | -13.1% |
| Current assets | 29/58 | €33,564 | €41,987 | +€8,423 | +25.1% |
| Amounts receivable within one year | 40/41 | €2,158 | €1,485 | -€672 | -31.2% |
| Trade receivables | 40 | €2,158 | €1,485 | -€672 | -31.2% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €31,406 | €40,151 | +€8,745 | +27.8% |
| Deferred charges and accrued income | 490/1 | - | €350 | +€350 | |
| Total equity and liabilities | 10/49 | €94,726 | €101,546 | +€6,820 | +7.2% |
| Equity | 10/15 | €31,069 | €35,949 | +€4,880 | +15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €11,260 | €11,260 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,400 | €9,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,609 | €18,489 | +€4,880 | +35.9% |
| Amounts payable | 17/49 | €63,657 | €65,597 | +€1,940 | +3.0% |
| Amounts payable after more than one year | 17 | €43,173 | €34,262 | -€8,911 | -20.6% |
| Financial debts | 170/4 | €43,173 | €34,262 | -€8,911 | -20.6% |
| Amounts payable within one year | 42/48 | €20,484 | €31,335 | +€10,851 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,558 | +€4,558 | |
| Trade debts | 44 | €2,135 | €2,739 | +€604 | +28.3% |
| Suppliers | 440/4 | €2,135 | €2,739 | +€604 | +28.3% |
| Taxes, remuneration and social security | 45 | €4,187 | €3,520 | -€668 | -15.9% |
| Taxes | 450/3 | €4,187 | €3,520 | -€668 | -15.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €14,162 | €20,519 | +€6,357 | +44.9% |
| Turnover | 70 | €98,561 | €99,023 | +€461 | +0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €87,753 | €87,692 | -€61 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,607 | €1,603 | -€1,005 | -38.5% |
| Other operating charges | 640/8 | €1,538 | €1,823 | +€285 | +18.5% |
| Gross operating margin | 9900 | €13,761 | €11,330 | -€2,431 | -17.7% |
| Operating profit (loss) | 9901 | €9,616 | €7,905 | -€1,711 | -17.8% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €3,289 | €2,896 | -€394 | -12.0% |
| Recurring financial charges | 65 | €3,289 | €2,896 | -€394 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €6,327 | €5,020 | -€1,307 | -20.7% |
| Income taxes | 67/77 | €1,347 | €140 | -€1,208 | -89.6% |
| Profit (loss) for the period | 9904 | €4,979 | €4,880 | -€99 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,979 | €4,880 | -€99 | -2.0% |
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 5 October 2026 via checked.be.