SO ESSENTIAL: what changed
Two financial 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 ESSENTIAL
Largest movements
- Cash +€47,802
up €47,802 (+155.3%), from €30,779 to €78,582
mainly Net result for the year (+€53,439) and Tax, wage and social debts (+€4,517)
- Tangible fixed assets -€2,950
down €2,950 (-37.5%), from €7,877 to €4,926
of which Furniture and vehicles: -€2,352
- Profit (loss) carried forward +€53,439
up €53,439 (+100.4%), from €53,243 to €106,681
- Other debts -€16,434
down €16,434 (-97.6%), from €16,841 to €408
- Tax, wage and social debts +€4,517
up €4,517 (+125.4%), from €3,602 to €8,119
- Trade debts +€2,728
up €2,728 (+72.3%), from €3,771 to €6,499
- Other operating charges -€1,314
down €1,314 (-66.8%), from €1,967 to €652
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 | €98,784 | €143,034 | +€44,250 | +44.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €7,877 | €4,926 | -€2,950 | -37.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €7,877 | €4,926 | -€2,950 | -37.5% |
| Furniture and vehicles | 24 | €3,238 | €887 | -€2,352 | -72.6% |
| Other tangible fixed assets | 26 | €4,638 | €4,040 | -€599 | -12.9% |
| Current assets | 29/58 | €90,907 | €138,107 | +€47,200 | +51.9% |
| Amounts receivable within one year | 40/41 | €57,547 | €57,259 | -€288 | -0.5% |
| Trade receivables | 40 | €48,801 | €49,714 | +€912 | +1.9% |
| Other amounts receivable | 41 | €8,746 | €7,545 | -€1,201 | -13.7% |
| Cash at bank and in hand | 54/58 | €30,779 | €78,582 | +€47,802 | +155.3% |
| Deferred charges and accrued income | 490/1 | €2,581 | €2,267 | -€314 | -12.2% |
| Total equity and liabilities | 10/49 | €98,784 | €143,034 | +€44,250 | +44.8% |
| Equity | 10/15 | €73,703 | €127,141 | +€53,439 | +72.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,243 | €106,681 | +€53,439 | +100.4% |
| Amounts payable | 17/49 | €25,081 | €15,893 | -€9,189 | -36.6% |
| Amounts payable within one year | 42/48 | €24,214 | €15,025 | -€9,189 | -37.9% |
| Trade debts | 44 | €3,771 | €6,499 | +€2,728 | +72.3% |
| Suppliers | 440/4 | €3,771 | €6,499 | +€2,728 | +72.3% |
| Taxes, remuneration and social security | 45 | €3,602 | €8,119 | +€4,517 | +125.4% |
| Taxes | 450/3 | €3,602 | €8,119 | +€4,517 | +125.4% |
| Other amounts payable | 47/48 | €16,841 | €408 | -€16,434 | -97.6% |
| Accrued charges and deferred income | 492/3 | €867 | €867 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,297 | €2,950 | -€347 | -10.5% |
| Other operating charges | 640/8 | €1,967 | €652 | -€1,314 | -66.8% |
| Non-recurring operating charges | 66A | - | €765 | +€765 | |
| Gross operating margin | 9900 | €74,440 | €73,752 | -€688 | -0.9% |
| Operating profit (loss) | 9901 | €69,177 | €69,385 | +€208 | +0.3% |
| Financial income | 75/76B | €37 | €101 | +€64 | +173.7% |
| Recurring financial income | 75 | €37 | €101 | +€64 | +173.7% |
| Financial charges | 65/66B | €61 | €176 | +€115 | +187.5% |
| Recurring financial charges | 65 | €61 | €176 | +€115 | +187.5% |
| Profit (loss) for the period before taxes | 9903 | €69,152 | €69,310 | +€158 | +0.2% |
| Income taxes | 67/77 | €15,965 | €15,872 | -€94 | -0.6% |
| Profit (loss) for the period | 9904 | €53,187 | €53,439 | +€252 | +0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,187 | €53,439 | +€252 | +0.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.