SPEAKING TIME: 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.
SPEAKING TIME
Largest movements
- Receivables within one year +€12,810
up €12,810 (+211.2%), from €6,064 to €18,874
of which Other amounts receivable: +€9,631
- Cash +€7,977
up €7,977 (+5.8%), from €137,768 to €145,745
mainly Net result for the year (+€31,080) and Depreciation (+€2,699)
- Reserves +€30,000
up €30,000 (+45.6%), from €65,859 to €95,859
of which Distributable reserves: +€30,000
- Tax, wage and social debts -€8,790
down €8,790 (-67.5%), from €13,027 to €4,237
of which Taxes: -€8,758
- Gross operating margin -€14,596
down €14,596 (-22.9%), from €63,651 to €49,055
- Taxes -€4,608
down €4,608 (-23.5%), from €19,592 to €14,984
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 | €148,713 | €170,281 | +€21,568 | +14.5% |
| Fixed assets | 21/28 | €4,881 | €5,514 | +€633 | +13.0% |
| Tangible fixed assets | 22/27 | €4,831 | €4,964 | +€133 | +2.8% |
| Furniture and vehicles | 24 | €4,831 | €4,964 | +€133 | +2.8% |
| Financial fixed assets | 28 | €50 | €550 | +€500 | +1000.0% |
| Current assets | 29/58 | €143,832 | €164,767 | +€20,935 | +14.6% |
| Amounts receivable within one year | 40/41 | €6,064 | €18,874 | +€12,810 | +211.2% |
| Trade receivables | 40 | €5,657 | €8,836 | +€3,179 | +56.2% |
| Other amounts receivable | 41 | €407 | €10,038 | +€9,631 | +2366.3% |
| Cash at bank and in hand | 54/58 | €137,768 | €145,745 | +€7,977 | +5.8% |
| Deferred charges and accrued income | 490/1 | - | €148 | +€148 | |
| Total equity and liabilities | 10/49 | €148,713 | €170,281 | +€21,568 | +14.5% |
| Equity | 10/15 | €134,041 | €165,121 | +€31,080 | +23.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €65,859 | €95,859 | +€30,000 | +45.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €64,000 | €94,000 | +€30,000 | +46.9% |
| Profit (loss) carried forward | 14 | €49,590 | €50,670 | +€1,080 | +2.2% |
| Amounts payable | 17/49 | €14,672 | €5,160 | -€9,512 | -64.8% |
| Amounts payable within one year | 42/48 | €14,672 | €5,160 | -€9,512 | -64.8% |
| Trade debts | 44 | €1,022 | €254 | -€768 | -75.1% |
| Suppliers | 440/4 | €1,022 | €254 | -€768 | -75.1% |
| Taxes, remuneration and social security | 45 | €13,027 | €4,237 | -€8,790 | -67.5% |
| Taxes | 450/3 | €12,995 | €4,237 | -€8,758 | -67.4% |
| Remuneration and social security | 454/9 | €32 | - | -€32 | |
| Other amounts payable | 47/48 | €623 | €669 | +€46 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,383 | €2,699 | +€316 | +13.3% |
| Other operating charges | 640/8 | €387 | €409 | +€22 | +5.7% |
| Gross operating margin | 9900 | €63,651 | €49,055 | -€14,596 | -22.9% |
| Operating profit (loss) | 9901 | €60,881 | €45,947 | -€14,934 | -24.5% |
| Financial income | 75/76B | - | €288 | +€288 | |
| Recurring financial income | 75 | - | €288 | +€288 | |
| Financial charges | 65/66B | €140 | €171 | +€31 | +22.1% |
| Recurring financial charges | 65 | €140 | €171 | +€31 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €60,741 | €46,064 | -€14,677 | -24.2% |
| Income taxes | 67/77 | €19,592 | €14,984 | -€4,608 | -23.5% |
| Profit (loss) for the period | 9904 | €41,149 | €31,080 | -€10,069 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €41,149 | €31,080 | -€10,069 | -24.5% |
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 9 October 2026 via checked.be.