Spatial Effects: 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.
Spatial Effects
Largest movements
- Cash +€40,993
up €40,993 (+80.2%), from €51,114 to €92,108
mainly Net result for the year (+€40,888) and Tax, wage and social debts (+€11,962)
- Tangible fixed assets -€7,640
down €7,640 (-53.9%), from €14,173 to €6,534
- Receivables within one year +€5,499
up €5,499 (+231.1%), from €2,379 to €7,878
of which Trade receivables: +€6,048
- Reserves +€40,888
up €40,888 (+125.9%), from €32,483 to €73,371
- Tax, wage and social debts +€11,962
up €11,962 (+126.6%), from €9,450 to €21,412
of which Taxes: +€11,962
- Current portion of long-term debt -€7,578
down €7,578 (-91.4%), from €8,289 to €711
- Trade debts -€4,342
down €4,342 (-96.2%), from €4,512 to €170
- Other debts -€1,891
down €1,891 (-17.7%), from €10,668 to €8,777
- Gross operating margin +€27,917
up €27,917 (+62.0%), from €45,005 to €72,921
- Taxes +€11,780
up €11,780 (+124.7%), from €9,450 to €21,230
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 | €69,121 | €107,441 | +€38,320 | +55.4% |
| Fixed assets | 21/28 | €14,173 | €6,534 | -€7,640 | -53.9% |
| Tangible fixed assets | 22/27 | €14,173 | €6,534 | -€7,640 | -53.9% |
| Furniture and vehicles | 24 | €14,173 | €6,534 | -€7,640 | -53.9% |
| Current assets | 29/58 | €54,947 | €100,907 | +€45,960 | +83.6% |
| Amounts receivable within one year | 40/41 | €2,379 | €7,878 | +€5,499 | +231.1% |
| Trade receivables | 40 | €1,830 | €7,878 | +€6,048 | +330.6% |
| Other amounts receivable | 41 | €550 | €0 | -€550 | -100.0% |
| Cash at bank and in hand | 54/58 | €51,114 | €92,108 | +€40,993 | +80.2% |
| Deferred charges and accrued income | 490/1 | €1,453 | €922 | -€532 | -36.6% |
| Total equity and liabilities | 10/49 | €69,121 | €107,441 | +€38,320 | +55.4% |
| Equity | 10/15 | €35,483 | €76,371 | +€40,888 | +115.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €32,483 | €73,371 | +€40,888 | +125.9% |
| Distributable reserves | 133 | €32,483 | €73,371 | +€40,888 | +125.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,638 | €31,070 | -€2,568 | -7.6% |
| Amounts payable after more than one year | 17 | €711 | €0 | -€711 | -100.0% |
| Financial debts | 170/4 | €711 | €0 | -€711 | -100.0% |
| Amounts payable within one year | 42/48 | €32,919 | €31,070 | -€1,849 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €8,289 | €711 | -€7,578 | -91.4% |
| Trade debts | 44 | €4,512 | €170 | -€4,342 | -96.2% |
| Suppliers | 440/4 | €4,512 | €170 | -€4,342 | -96.2% |
| Taxes, remuneration and social security | 45 | €9,450 | €21,412 | +€11,962 | +126.6% |
| Taxes | 450/3 | €9,450 | €21,412 | +€11,962 | +126.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,668 | €8,777 | -€1,891 | -17.7% |
| Accrued charges and deferred income | 492/3 | €8 | €0 | -€8 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,614 | €9,936 | +€322 | +3.3% |
| Other operating charges | 640/8 | €323 | €399 | +€76 | +23.5% |
| Gross operating margin | 9900 | €45,005 | €72,921 | +€27,917 | +62.0% |
| Operating profit (loss) | 9901 | €35,067 | €62,586 | +€27,519 | +78.5% |
| Financial income | 75/76B | €804 | €318 | -€486 | -60.5% |
| Recurring financial income | 75 | €804 | €318 | -€486 | -60.5% |
| Financial charges | 65/66B | €1,128 | €785 | -€343 | -30.4% |
| Recurring financial charges | 65 | €1,128 | €785 | -€343 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €34,743 | €62,119 | +€27,376 | +78.8% |
| Income taxes | 67/77 | €9,450 | €21,230 | +€11,780 | +124.7% |
| Profit (loss) for the period | 9904 | €25,293 | €40,888 | +€15,596 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,293 | €40,888 | +€15,596 | +61.7% |
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 5 October 2026 via checked.be.