SOURCE: 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.
SOURCE
Largest movements
- Cash +€41,056
up €41,056 (+257.3%), from €15,959 to €57,015
mainly Receivables within one year (+€20,230) and Tax, wage and social debts (+€12,810)
- Receivables within one year -€20,230
down €20,230 (-41.9%), from €48,296 to €28,065
of which Other amounts receivable: -€21,293
- Tangible fixed assets -€933
down €933 (-37.6%), from €2,481 to €1,547
- Tax, wage and social debts +€12,810
up €12,810 (+228.9%), from €5,597 to €18,407
of which Remuneration and social security: +€7,500
- Profit (loss) carried forward +€9,010
new in 2025: €9,010
- Trade debts -€7,940
down €7,940 (-52.0%), from €15,275 to €7,335
- Other debts +€5,055
up €5,055 (+653.7%), from €773 to €5,828
- Gross operating margin +€18,314
up €18,314, from -€3,160 to €15,154
- Taxes +€2,226
up €2,226 (+301.9%), from €737 to €2,964
- Financial income -€645
no longer reported in 2025 (was €645)
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 | €67,402 | €86,667 | +€19,264 | +28.6% |
| Fixed assets | 21/28 | €2,481 | €1,547 | -€933 | -37.6% |
| Tangible fixed assets | 22/27 | €2,481 | €1,547 | -€933 | -37.6% |
| Furniture and vehicles | 24 | €2,481 | €1,547 | -€933 | -37.6% |
| Current assets | 29/58 | €64,922 | €85,120 | +€20,198 | +31.1% |
| Amounts receivable within one year | 40/41 | €48,296 | €28,065 | -€20,230 | -41.9% |
| Trade receivables | 40 | €27,003 | €28,065 | +€1,063 | +3.9% |
| Other amounts receivable | 41 | €21,293 | - | -€21,293 | |
| Cash at bank and in hand | 54/58 | €15,959 | €57,015 | +€41,056 | +257.3% |
| Deferred charges and accrued income | 490/1 | €667 | €40 | -€627 | -94.1% |
| Total equity and liabilities | 10/49 | €67,402 | €86,667 | +€19,264 | +28.6% |
| Equity | 10/15 | €45,691 | €54,701 | +€9,010 | +19.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,691 | €42,691 | = | 0.0% |
| Distributable reserves | 133 | €42,691 | €42,691 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €9,010 | +€9,010 | |
| Amounts payable | 17/49 | €21,712 | €31,966 | +€10,254 | +47.2% |
| Amounts payable within one year | 42/48 | €21,646 | €31,570 | +€9,924 | +45.8% |
| Trade debts | 44 | €15,275 | €7,335 | -€7,940 | -52.0% |
| Suppliers | 440/4 | €15,275 | €7,335 | -€7,940 | -52.0% |
| Taxes, remuneration and social security | 45 | €5,597 | €18,407 | +€12,810 | +228.9% |
| Taxes | 450/3 | €5,597 | €10,907 | +€5,310 | +94.9% |
| Remuneration and social security | 454/9 | - | €7,500 | +€7,500 | |
| Other amounts payable | 47/48 | €773 | €5,828 | +€5,055 | +653.7% |
| Accrued charges and deferred income | 492/3 | €66 | €396 | +€330 | +502.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €793 | €933 | +€140 | +17.7% |
| Other operating charges | 640/8 | €631 | €588 | -€43 | -6.8% |
| Gross operating margin | 9900 | -€3,160 | €15,154 | +€18,314 | |
| Operating profit (loss) | 9901 | -€4,584 | €13,632 | +€18,216 | |
| Financial income | 75/76B | €645 | - | -€645 | |
| Recurring financial income | 75 | €645 | - | -€645 | |
| Financial charges | 65/66B | €1,597 | €1,659 | +€61 | +3.8% |
| Recurring financial charges | 65 | €1,597 | €1,659 | +€61 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,536 | €11,974 | +€17,510 | |
| Income taxes | 67/77 | €737 | €2,964 | +€2,226 | +301.9% |
| Profit (loss) for the period | 9904 | -€6,274 | €9,010 | +€15,284 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,274 | €9,010 | +€15,284 |
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.