Stalemates: 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.
Stalemates
Largest movements
- Current investments +€85,000
new in 2025: €85,000
- Cash -€17,519
down €17,519 (-40.6%), from €43,104 to €25,585
mainly Current investments (-€85,000) and Investment in fixed assets (net) (-€2,700)
- Receivables within one year -€2,730
down €2,730 (-19.9%), from €13,741 to €11,011
- Tangible fixed assets +€2,496
new in 2025: €2,496
- Reserves +€61,109
up €61,109 (+179%), from €34,120 to €95,229
- Tax, wage and social debts +€6,317
up €6,317 (+35.7%), from €17,719 to €24,036
- Gross operating margin +€33,070
up €33,070 (+76.4%), from €43,260 to €76,329
- Taxes +€6,791
up €6,791 (+77.1%), from €8,804 to €15,595
- Financial income +€883
up €883 (+4,417,350%), from €0 to €883
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.
Derived cash bridge
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 | €57,136 | €125,119 | +€67,983 | +119% |
| Fixed assets | 21/28 | - | €2,496 | +€2,496 | |
| Tangible fixed assets | 22/27 | - | €2,496 | +€2,496 | |
| Furniture and vehicles | 24 | - | €2,496 | +€2,496 | |
| Current assets | 29/58 | €57,136 | €122,623 | +€65,488 | +115% |
| Amounts receivable within one year | 40/41 | €13,741 | €11,011 | -€2,730 | -19.9% |
| Trade receivables | 40 | €13,741 | €11,011 | -€2,730 | -19.9% |
| Current investments | 50/53 | - | €85,000 | +€85,000 | |
| Cash at bank and in hand | 54/58 | €43,104 | €25,585 | -€17,519 | -40.6% |
| Deferred charges and accrued income | 490/1 | €290 | €1,027 | +€737 | +254% |
| Total equity and liabilities | 10/49 | €57,136 | €125,119 | +€67,983 | +119% |
| Equity | 10/15 | €36,620 | €97,729 | +€61,109 | +167% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €34,120 | €95,229 | +€61,109 | +179% |
| Distributable reserves | 133 | €34,120 | €95,229 | +€61,109 | +179% |
| Amounts payable | 17/49 | €20,516 | €27,390 | +€6,874 | +33.5% |
| Amounts payable within one year | 42/48 | €20,516 | €27,390 | +€6,874 | +33.5% |
| Trade debts | 44 | €366 | €1,594 | +€1,228 | +336% |
| Suppliers | 440/4 | €366 | €1,594 | +€1,228 | +336% |
| Taxes, remuneration and social security | 45 | €17,719 | €24,036 | +€6,317 | +35.7% |
| Taxes | 450/3 | €17,719 | €24,036 | +€6,317 | +35.7% |
| Other amounts payable | 47/48 | €2,431 | €1,760 | -€671 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €204 | +€204 | |
| Other operating charges | 640/8 | €322 | €186 | -€136 | -42.3% |
| Gross operating margin | 9900 | €43,260 | €76,329 | +€33,070 | +76.4% |
| Operating profit (loss) | 9901 | €42,938 | €75,939 | +€33,002 | +76.9% |
| Financial income | 75/76B | €0 | €883 | +€883 | +4,417,350% |
| Recurring financial income | 75 | €0 | €883 | +€883 | +4,417,350% |
| Financial charges | 65/66B | €14 | €119 | +€105 | +751% |
| Recurring financial charges | 65 | €14 | €119 | +€105 | +751% |
| Profit (loss) for the period before taxes | 9903 | €42,924 | €76,704 | +€33,780 | +78.7% |
| Income taxes | 67/77 | €8,804 | €15,595 | +€6,791 | +77.1% |
| Profit (loss) for the period | 9904 | €34,120 | €61,109 | +€26,990 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,120 | €61,109 | +€26,990 | +79.1% |
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 25 October 2026 via checked.be.