"SO FAR SO GOOD": 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 FAR SO GOOD"
Largest movements
- Receivables within one year +€5,358
up €5,358 (+26.3%), from €20,366 to €25,724
of which Trade receivables: +€5,358
- Tangible fixed assets -€2,552
down €2,552 (-22.9%), from €11,153 to €8,600
- Other debts -€8,579
down €8,579 (-16.5%), from €52,077 to €43,499
- Tax, wage and social debts +€4,625
up €4,625 (+47.0%), from €9,840 to €14,465
of which Taxes: +€4,625
- Short-term financial debts +€3,730
up €3,730 (+308%), from €1,212 to €4,942
- Trade debts +€1,722
up €1,722 (+22.8%), from €7,547 to €9,269
- Profit (loss) carried forward +€1,306
up €1,306 (+7.8%), from €16,653 to €17,959
- Gross operating margin +€2,602
up €2,602 (+48.2%), from €5,397 to €7,998
- Taxes +€1,331
up €1,331 (+111%), from €1,201 to €2,532
- Depreciation -€443
down €443 (-14.8%), from €2,996 to €2,552
- Other operating charges +€125
up €125 (+38.2%), from €326 to €451
- Financial charges -€89
down €89 (-12.1%), from €740 to €650
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.
Derived cash bridge
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 | €93,528 | €96,334 | +€2,806 | +3.0% |
| Fixed assets | 21/28 | €73,153 | €70,600 | -€2,552 | -3.5% |
| Tangible fixed assets | 22/27 | €11,153 | €8,600 | -€2,552 | -22.9% |
| Furniture and vehicles | 24 | €11,153 | €8,600 | -€2,552 | -22.9% |
| Financial fixed assets | 28 | €62,000 | €62,000 | = | 0.0% |
| Current assets | 29/58 | €20,375 | €25,733 | +€5,358 | +26.3% |
| Amounts receivable within one year | 40/41 | €20,366 | €25,724 | +€5,358 | +26.3% |
| Trade receivables | 40 | €20,366 | €25,724 | +€5,358 | +26.3% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €9 | €9 | = | 0.0% |
| Total equity and liabilities | 10/49 | €93,528 | €96,334 | +€2,806 | +3.0% |
| Equity | 10/15 | €22,853 | €24,159 | +€1,306 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,653 | €17,959 | +€1,306 | +7.8% |
| Amounts payable | 17/49 | €70,675 | €72,175 | +€1,499 | +2.1% |
| Amounts payable within one year | 42/48 | €70,675 | €72,175 | +€1,499 | +2.1% |
| Financial debts | 43 | €1,212 | €4,942 | +€3,730 | +308% |
| Credit institutions | 430/8 | €1,212 | €4,942 | +€3,730 | +308% |
| Trade debts | 44 | €7,547 | €9,269 | +€1,722 | +22.8% |
| Suppliers | 440/4 | €7,547 | €9,269 | +€1,722 | +22.8% |
| Taxes, remuneration and social security | 45 | €9,840 | €14,465 | +€4,625 | +47.0% |
| Taxes | 450/3 | €9,840 | €14,465 | +€4,625 | +47.0% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €52,077 | €43,499 | -€8,579 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,996 | €2,552 | -€443 | -14.8% |
| Other operating charges | 640/8 | €326 | €451 | +€125 | +38.2% |
| Non-recurring operating charges | 66A | €126 | €507 | +€380 | +301% |
| Gross operating margin | 9900 | €5,397 | €7,998 | +€2,602 | +48.2% |
| Operating profit (loss) | 9901 | €1,949 | €4,488 | +€2,540 | +130% |
| Financial charges | 65/66B | €740 | €650 | -€89 | -12.1% |
| Recurring financial charges | 65 | €740 | €650 | -€89 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €1,209 | €3,838 | +€2,629 | +217% |
| Income taxes | 67/77 | €1,201 | €2,532 | +€1,331 | +111% |
| Profit (loss) for the period | 9904 | €8 | €1,306 | +€1,298 | +16,433% |
| Profit (loss) for the period to be appropriated | 9905 | €8 | €1,306 | +€1,298 | +16,433% |
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 15 October 2026 via checked.be.