So be iT: 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 be iT
Largest movements
- Cash +€39,930
up €39,930 (+40.6%), from €98,439 to €138,369
mainly Net result for the year (+€39,058) and Other debts (+€26,502)
- Receivables within one year -€19,362
down €19,362 (-53.7%), from €36,070 to €16,708
of which Trade receivables: -€19,360
- Tangible fixed assets +€9,097
up €9,097 (+485.9%), from €1,872 to €10,970
of which Plant, machinery and equipment: +€9,483
- Other debts +€26,502
up €26,502 (+512.1%), from €5,175 to €31,677
- Tax, wage and social debts -€14,700
down €14,700 (-83.3%), from €17,658 to €2,958
- Reserves +€11,322
up €11,322 (+11.0%), from €103,109 to €114,431
- Trade debts +€6,877
up €6,877 (+120.9%), from €5,690 to €12,567
- Gross operating margin +€1,522
up €1,522 (+2.7%), from €57,323 to €58,845
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 | €138,771 | €168,741 | +€29,970 | +21.6% |
| Fixed assets | 21/28 | €2,609 | €11,230 | +€8,621 | +330.5% |
| Intangible fixed assets | 21 | €476 | €0 | -€476 | -100.0% |
| Tangible fixed assets | 22/27 | €1,872 | €10,970 | +€9,097 | +485.9% |
| Plant, machinery and equipment | 23 | - | €9,483 | +€9,483 | |
| Furniture and vehicles | 24 | €1,872 | €1,486 | -€386 | -20.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €136,162 | €157,511 | +€21,349 | +15.7% |
| Amounts receivable within one year | 40/41 | €36,070 | €16,708 | -€19,362 | -53.7% |
| Trade receivables | 40 | €35,360 | €16,000 | -€19,360 | -54.8% |
| Other amounts receivable | 41 | €710 | €708 | -€2 | -0.3% |
| Cash at bank and in hand | 54/58 | €98,439 | €138,369 | +€39,930 | +40.6% |
| Deferred charges and accrued income | 490/1 | €1,653 | €2,435 | +€782 | +47.3% |
| Total equity and liabilities | 10/49 | €138,771 | €168,741 | +€29,970 | +21.6% |
| Equity | 10/15 | €109,309 | €120,631 | +€11,322 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,109 | €114,431 | +€11,322 | +11.0% |
| Distributable reserves | 133 | €103,109 | €114,431 | +€11,322 | +11.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €29,462 | €48,110 | +€18,649 | +63.3% |
| Amounts payable within one year | 42/48 | €29,462 | €48,110 | +€18,649 | +63.3% |
| Financial debts | 43 | €939 | €909 | -€30 | -3.2% |
| Credit institutions | 430/8 | €939 | €909 | -€30 | -3.2% |
| Trade debts | 44 | €5,690 | €12,567 | +€6,877 | +120.9% |
| Suppliers | 440/4 | €5,690 | €12,567 | +€6,877 | +120.9% |
| Taxes, remuneration and social security | 45 | €17,658 | €2,958 | -€14,700 | -83.3% |
| Taxes | 450/3 | €17,658 | €2,958 | -€14,700 | -83.3% |
| Other amounts payable | 47/48 | €5,175 | €31,677 | +€26,502 | +512.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,022 | €1,226 | +€205 | +20.0% |
| Other operating charges | 640/8 | €1,122 | €1,210 | +€88 | +7.9% |
| Non-recurring operating charges | 66A | €1,476 | €0 | -€1,476 | -100.0% |
| Gross operating margin | 9900 | €57,323 | €58,845 | +€1,522 | +2.7% |
| Operating profit (loss) | 9901 | €53,703 | €56,409 | +€2,706 | +5.0% |
| Financial income | 75/76B | €24 | €17 | -€7 | -28.4% |
| Recurring financial income | 75 | €24 | €17 | -€7 | -28.4% |
| Financial charges | 65/66B | €306 | €391 | +€84 | +27.5% |
| Recurring financial charges | 65 | €306 | €391 | +€84 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €53,421 | €56,035 | +€2,615 | +4.9% |
| Income taxes | 67/77 | €16,517 | €16,977 | +€459 | +2.8% |
| Profit (loss) for the period | 9904 | €36,903 | €39,058 | +€2,155 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,903 | €39,058 | +€2,155 | +5.8% |
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 6 October 2026 via checked.be.