Specim€n: 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.
Specim€n
Largest movements
- Current investments +€76,057
up €76,057 (+21.8%), from €349,263 to €425,320
- Cash +€59,389
up €59,389 (+36.0%), from €164,891 to €224,280
mainly Other debts (+€303,535) and Net result for the year (+€214,081)
- Tangible fixed assets -€9,942
down €9,942 (-29.3%), from €33,918 to €23,976
of which Furniture and vehicles: -€9,394
- Profit (loss) carried forward -€333,086
down €333,086 (-73.0%), from €456,258 to €123,172
- Other debts +€303,535
up €303,535 (+365.7%), from €83,000 to €386,535
- Reserves +€90,909
new in 2025: €90,909
- Tax, wage and social debts +€57,735
up €57,735 (+253.0%), from €22,820 to €80,555
- Gross operating margin +€112,680
up €112,680 (+60.8%), from €185,301 to €297,981
- Taxes +€36,684
up €36,684 (+87.5%), from €41,948 to €78,632
- Depreciation +€4,982
up €4,982 (+52.1%), from €9,560 to €14,542
- Financial income +€3,444
up €3,444 (+54.2%), from €6,360 to €9,805
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 | €566,539 | €692,200 | +€125,661 | +22.2% |
| Fixed assets | 21/28 | €33,918 | €23,976 | -€9,942 | -29.3% |
| Tangible fixed assets | 22/27 | €33,918 | €23,976 | -€9,942 | -29.3% |
| Furniture and vehicles | 24 | €21,268 | €11,873 | -€9,394 | -44.2% |
| Other tangible fixed assets | 26 | €12,650 | €12,102 | -€548 | -4.3% |
| Current assets | 29/58 | €532,621 | €668,224 | +€135,604 | +25.5% |
| Amounts receivable within one year | 40/41 | €17,360 | €17,450 | +€89 | +0.5% |
| Trade receivables | 40 | €16,744 | €16,990 | +€245 | +1.5% |
| Other amounts receivable | 41 | €616 | €460 | -€156 | -25.3% |
| Current investments | 50/53 | €349,263 | €425,320 | +€76,057 | +21.8% |
| Cash at bank and in hand | 54/58 | €164,891 | €224,280 | +€59,389 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,107 | €1,175 | +€68 | +6.2% |
| Total equity and liabilities | 10/49 | €566,539 | €692,200 | +€125,661 | +22.2% |
| Equity | 10/15 | €458,258 | €216,081 | -€242,177 | -52.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €90,909 | +€90,909 | |
| Distributable reserves | 133 | - | €90,909 | +€90,909 | |
| Profit (loss) carried forward | 14 | €456,258 | €123,172 | -€333,086 | -73.0% |
| Amounts payable | 17/49 | €108,281 | €476,119 | +€367,838 | +339.7% |
| Amounts payable within one year | 42/48 | €108,281 | €476,119 | +€367,838 | +339.7% |
| Trade debts | 44 | €2,460 | €9,029 | +€6,569 | +267.0% |
| Suppliers | 440/4 | €2,460 | €9,029 | +€6,569 | +267.0% |
| Taxes, remuneration and social security | 45 | €22,820 | €80,555 | +€57,735 | +253.0% |
| Taxes | 450/3 | €22,820 | €80,555 | +€57,735 | +253.0% |
| Other amounts payable | 47/48 | €83,000 | €386,535 | +€303,535 | +365.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,560 | €14,542 | +€4,982 | +52.1% |
| Other operating charges | 640/8 | €559 | €198 | -€362 | -64.6% |
| Gross operating margin | 9900 | €185,301 | €297,981 | +€112,680 | +60.8% |
| Operating profit (loss) | 9901 | €175,182 | €283,241 | +€108,059 | +61.7% |
| Financial income | 75/76B | €6,360 | €9,805 | +€3,444 | +54.2% |
| Recurring financial income | 75 | €6,360 | €9,805 | +€3,444 | +54.2% |
| Financial charges | 65/66B | €167 | €333 | +€165 | +98.6% |
| Recurring financial charges | 65 | €167 | €333 | +€165 | +98.6% |
| Profit (loss) for the period before taxes | 9903 | €181,375 | €292,713 | +€111,339 | +61.4% |
| Income taxes | 67/77 | €41,948 | €78,632 | +€36,684 | +87.5% |
| Profit (loss) for the period | 9904 | €139,427 | €214,081 | +€74,654 | +53.5% |
| Profit (loss) for the period to be appropriated | 9905 | €139,427 | €214,081 | +€74,654 | +53.5% |
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 7 October 2026 via checked.be.