SOLID BRACKETS: 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.
SOLID BRACKETS
Largest movements
- Cash +€19,222
up €19,222 (+47.9%), from €40,094 to €59,316
mainly Net result for the year (+€42,696) and Tax, wage and social debts (+€5,659)
- Receivables within one year +€2,614
up €2,614 (+13.7%), from €19,078 to €21,692
of which Other amounts receivable: +€5,183
- Reserves +€42,696
up €42,696 (+35.7%), from €119,631 to €162,327
- Other debts -€26,531
no longer reported in 2025 (was €26,531)
- Tax, wage and social debts +€5,659
up €5,659 (+226%), from €2,506 to €8,165
- Gross operating margin +€8,235
up €8,235 (+14.8%), from €55,731 to €63,966
- Taxes +€2,221
up €2,221 (+12.4%), from €17,931 to €20,151
- Financial income -€705
down €705 (-23.1%), from €3,058 to €2,353
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 | €171,889 | €194,216 | +€22,327 | +13.0% |
| Fixed assets | 21/28 | €12,718 | €12,414 | -€304 | -2.4% |
| Tangible fixed assets | 22/27 | €12,718 | €12,414 | -€304 | -2.4% |
| Plant, machinery and equipment | 23 | €2,534 | €3,479 | +€945 | +37.3% |
| Other tangible fixed assets | 26 | €10,184 | €8,935 | -€1,248 | -12.3% |
| Current assets | 29/58 | €159,171 | €181,802 | +€22,631 | +14.2% |
| Amounts receivable within one year | 40/41 | €19,078 | €21,692 | +€2,614 | +13.7% |
| Trade receivables | 40 | €8,591 | €6,023 | -€2,568 | -29.9% |
| Other amounts receivable | 41 | €10,487 | €15,669 | +€5,183 | +49.4% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,094 | €59,316 | +€19,222 | +47.9% |
| Deferred charges and accrued income | 490/1 | - | €795 | +€795 | |
| Total equity and liabilities | 10/49 | €171,889 | €194,216 | +€22,327 | +13.0% |
| Equity | 10/15 | €142,352 | €185,048 | +€42,696 | +30.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €119,631 | €162,327 | +€42,696 | +35.7% |
| Distributable reserves | 133 | €119,631 | €162,327 | +€42,696 | +35.7% |
| Profit (loss) carried forward | 14 | €10,321 | €10,321 | = | 0.0% |
| Amounts payable | 17/49 | €29,537 | €9,168 | -€20,369 | -69.0% |
| Amounts payable within one year | 42/48 | €29,537 | €9,168 | -€20,369 | -69.0% |
| Trade debts | 44 | €500 | €1,003 | +€503 | +101% |
| Suppliers | 440/4 | €500 | €1,003 | +€503 | +101% |
| Taxes, remuneration and social security | 45 | €2,506 | €8,165 | +€5,659 | +226% |
| Taxes | 450/3 | €2,506 | €8,165 | +€5,659 | +226% |
| Other amounts payable | 47/48 | €26,531 | - | -€26,531 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,012 | €2,634 | +€622 | +30.9% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €55,731 | €63,966 | +€8,235 | +14.8% |
| Operating profit (loss) | 9901 | €53,150 | €60,747 | +€7,597 | +14.3% |
| Financial income | 75/76B | €3,058 | €2,353 | -€705 | -23.1% |
| Recurring financial income | 75 | €3,058 | €2,353 | -€705 | -23.1% |
| Financial charges | 65/66B | €176 | €252 | +€76 | +43.4% |
| Recurring financial charges | 65 | €176 | €252 | +€76 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | €56,032 | €62,848 | +€6,815 | +12.2% |
| Income taxes | 67/77 | €17,931 | €20,151 | +€2,221 | +12.4% |
| Profit (loss) for the period | 9904 | €38,102 | €42,696 | +€4,595 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €38,102 | €42,696 | +€4,595 | +12.1% |
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 18 October 2026 via checked.be.