Stable: 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.
Stable
Largest movements
- Tangible fixed assets +€37,308
up €37,308 (+191.0%), from €19,538 to €56,846
of which Furniture and vehicles: +€29,186
- Receivables within one year -€12,953
down €12,953 (-48.7%), from €26,605 to €13,652
of which Other amounts receivable: -€9,504
- Cash -€12,207
down €12,207 (-52.6%), from €23,186 to €10,980
mainly Investment in fixed assets (net) (-€46,540) and Other debts (-€7,214)
- Deferred charges and accrued income -€1,114
down €1,114 (-67.0%), from €1,662 to €548
- Reserves +€15,651
up €15,651 (+66.7%), from €23,447 to €39,098
- Other debts -€7,214
down €7,214 (-72.1%), from €10,000 to €2,786
- Short-term financial debts +€5,077
new in 2025: €5,077
- Tax, wage and social debts -€1,773
down €1,773 (-12.7%), from €13,981 to €12,208
of which Taxes: -€1,773
- Gross operating margin +€10,073
up €10,073 (+47.1%), from €21,386 to €31,459
- Depreciation +€7,328
up €7,328 (+384.8%), from €1,904 to €9,232
- Taxes +€741
up €741 (+18.2%), from €4,065 to €4,806
- Financial charges +€570
up €570 (+101.7%), from €561 to €1,131
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 | €70,992 | €82,026 | +€11,034 | +15.5% |
| Fixed assets | 21/28 | €19,538 | €56,846 | +€37,308 | +191.0% |
| Tangible fixed assets | 22/27 | €19,538 | €56,846 | +€37,308 | +191.0% |
| Furniture and vehicles | 24 | - | €29,186 | +€29,186 | |
| Other tangible fixed assets | 26 | €19,538 | €27,661 | +€8,122 | +41.6% |
| Current assets | 29/58 | €51,454 | €25,180 | -€26,274 | -51.1% |
| Amounts receivable within one year | 40/41 | €26,605 | €13,652 | -€12,953 | -48.7% |
| Trade receivables | 40 | €16,216 | €12,766 | -€3,449 | -21.3% |
| Other amounts receivable | 41 | €10,390 | €886 | -€9,504 | -91.5% |
| Cash at bank and in hand | 54/58 | €23,186 | €10,980 | -€12,207 | -52.6% |
| Deferred charges and accrued income | 490/1 | €1,662 | €548 | -€1,114 | -67.0% |
| Total equity and liabilities | 10/49 | €70,992 | €82,026 | +€11,034 | +15.5% |
| Equity | 10/15 | €42,047 | €57,698 | +€15,651 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,447 | €39,098 | +€15,651 | +66.7% |
| Distributable reserves | 133 | €23,447 | €39,098 | +€15,651 | +66.7% |
| Amounts payable | 17/49 | €28,945 | €24,328 | -€4,616 | -15.9% |
| Amounts payable within one year | 42/48 | €28,942 | €24,328 | -€4,613 | -15.9% |
| Financial debts | 43 | - | €5,077 | +€5,077 | |
| Credit institutions | 430/8 | - | €5,077 | +€5,077 | |
| Trade debts | 44 | €4,961 | €4,257 | -€704 | -14.2% |
| Suppliers | 440/4 | €4,961 | €4,257 | -€704 | -14.2% |
| Taxes, remuneration and social security | 45 | €13,981 | €12,208 | -€1,773 | -12.7% |
| Taxes | 450/3 | €11,481 | €9,708 | -€1,773 | -15.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €10,000 | €2,786 | -€7,214 | -72.1% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,904 | €9,232 | +€7,328 | +384.8% |
| Other operating charges | 640/8 | €627 | €640 | +€12 | +2.0% |
| Gross operating margin | 9900 | €21,386 | €31,459 | +€10,073 | +47.1% |
| Operating profit (loss) | 9901 | €18,854 | €21,587 | +€2,733 | +14.5% |
| Financial income | 75/76B | €310 | - | -€310 | |
| Recurring financial income | 75 | €310 | - | -€310 | |
| Financial charges | 65/66B | €561 | €1,131 | +€570 | +101.7% |
| Recurring financial charges | 65 | €561 | €1,131 | +€570 | +101.7% |
| Profit (loss) for the period before taxes | 9903 | €18,603 | €20,456 | +€1,853 | +10.0% |
| Income taxes | 67/77 | €4,065 | €4,806 | +€741 | +18.2% |
| Profit (loss) for the period | 9904 | €14,538 | €15,651 | +€1,113 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €14,538 | €15,651 | +€1,113 | +7.7% |
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 6 October 2026 via checked.be.