SO MANAGING: 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 MANAGING
Largest movements
- Cash +€12,111
up €12,111 (+67.2%), from €18,015 to €30,126
mainly Net result for the year (+€12,853) and Tax, wage and social debts (+€3,853)
- Receivables within one year +€7,346
up €7,346 (+67.5%), from €10,890 to €18,236
- Tangible fixed assets -€959
down €959 (-13.9%), from €6,898 to €5,939
- Reserves +€12,853
up €12,853 (+105.7%), from €12,162 to €25,014
- Tax, wage and social debts +€3,853
up €3,853 (+68.9%), from €5,591 to €9,444
- Trade debts +€1,747
up €1,747 (+270.2%), from €647 to €2,394
- Gross operating margin +€2,638
up €2,638 (+14.6%), from €18,124 to €20,762
- Depreciation +€1,211
up €1,211 (+56.1%), from €2,158 to €3,370
- Taxes +€706
up €706 (+21.1%), from €3,356 to €4,062
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 | €38,399 | €56,852 | +€18,453 | +48.1% |
| Fixed assets | 21/28 | €9,448 | €8,489 | -€959 | -10.1% |
| Tangible fixed assets | 22/27 | €6,898 | €5,939 | -€959 | -13.9% |
| Furniture and vehicles | 24 | €6,898 | €5,939 | -€959 | -13.9% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €28,951 | €48,363 | +€19,412 | +67.0% |
| Amounts receivable within one year | 40/41 | €10,890 | €18,236 | +€7,346 | +67.5% |
| Trade receivables | 40 | €10,890 | €18,236 | +€7,346 | +67.5% |
| Cash at bank and in hand | 54/58 | €18,015 | €30,126 | +€12,111 | +67.2% |
| Deferred charges and accrued income | 490/1 | €46 | - | -€46 | |
| Total equity and liabilities | 10/49 | €38,399 | €56,852 | +€18,453 | +48.1% |
| Equity | 10/15 | €32,162 | €45,014 | +€12,853 | +40.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €12,162 | €25,014 | +€12,853 | +105.7% |
| Distributable reserves | 133 | €12,162 | €25,014 | +€12,853 | +105.7% |
| Amounts payable | 17/49 | €6,237 | €11,838 | +€5,601 | +89.8% |
| Amounts payable within one year | 42/48 | €6,237 | €11,838 | +€5,601 | +89.8% |
| Trade debts | 44 | €647 | €2,394 | +€1,747 | +270.2% |
| Suppliers | 440/4 | €647 | €2,394 | +€1,747 | +270.2% |
| Taxes, remuneration and social security | 45 | €5,591 | €9,444 | +€3,853 | +68.9% |
| Taxes | 450/3 | €5,591 | €9,444 | +€3,853 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,158 | €3,370 | +€1,211 | +56.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €18,124 | €20,762 | +€2,638 | +14.6% |
| Operating profit (loss) | 9901 | €15,578 | €16,993 | +€1,414 | +9.1% |
| Financial charges | 65/66B | €61 | €78 | +€17 | +27.3% |
| Recurring financial charges | 65 | €61 | €78 | +€17 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €15,517 | €16,915 | +€1,397 | +9.0% |
| Income taxes | 67/77 | €3,356 | €4,062 | +€706 | +21.1% |
| Profit (loss) for the period | 9904 | €12,162 | €12,853 | +€691 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €12,162 | €12,853 | +€691 | +5.7% |
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 3 October 2026 via checked.be.