STAND UP: 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.
STAND UP
Largest movements
- Cash +€23,470
up €23,470 (+244.1%), from €9,614 to €33,084
mainly Net result for the year (+€31,965) and Trade debts (+€18,782)
- Receivables within one year +€22,234
up €22,234 (+936.3%), from €2,375 to €24,609
- Tangible fixed assets -€13,392
down €13,392 (-16.7%), from €80,205 to €66,813
of which Other tangible fixed assets: -€8,893
- Deferred charges and accrued income +€3,351
up €3,351 (+6801.1%), from €49 to €3,400
- Reserves +€19,770
up €19,770 (+137.2%), from €14,411 to €34,180
- Trade debts +€18,782
up €18,782 (+22345.7%), from €84 to €18,866
- Tax, wage and social debts +€9,578
up €9,578 (+757.7%), from €1,264 to €10,842
- Debts after one year -€9,555
down €9,555 (-20.3%), from €47,139 to €37,583
- Other debts -€3,308
down €3,308 (-13.4%), from €24,746 to €21,438
- Gross operating margin +€49,425
up €49,425 (+349.3%), from €14,149 to €63,574
- Taxes +€12,743
up €12,743, from -€97 to €12,647
- Other operating charges +€1,177
up €1,177 (+296.1%), from €397 to €1,574
- Financial charges +€960
up €960 (+39.3%), from €2,443 to €3,403
- Depreciation -€855
down €855 (-5.8%), from €14,840 to €13,986
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 | €97,818 | €133,481 | +€35,663 | +36.5% |
| Fixed assets | 21/28 | €85,780 | €72,388 | -€13,392 | -15.6% |
| Tangible fixed assets | 22/27 | €80,205 | €66,813 | -€13,392 | -16.7% |
| Plant, machinery and equipment | 23 | €154 | €34 | -€120 | -77.6% |
| Furniture and vehicles | 24 | €12,746 | €8,367 | -€4,379 | -34.4% |
| Other tangible fixed assets | 26 | €67,305 | €58,412 | -€8,893 | -13.2% |
| Financial fixed assets | 28 | €5,575 | €5,575 | = | 0.0% |
| Current assets | 29/58 | €12,038 | €61,093 | +€49,055 | +407.5% |
| Amounts receivable within one year | 40/41 | €2,375 | €24,609 | +€22,234 | +936.3% |
| Trade receivables | 40 | €2,375 | €24,609 | +€22,234 | +936.3% |
| Cash at bank and in hand | 54/58 | €9,614 | €33,084 | +€23,470 | +244.1% |
| Deferred charges and accrued income | 490/1 | €49 | €3,400 | +€3,351 | +6801.1% |
| Total equity and liabilities | 10/49 | €97,818 | €133,481 | +€35,663 | +36.5% |
| Equity | 10/15 | €17,411 | €37,180 | +€19,770 | +113.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,411 | €34,180 | +€19,770 | +137.2% |
| Distributable reserves | 133 | €14,411 | €34,180 | +€19,770 | +137.2% |
| Amounts payable | 17/49 | €80,407 | €96,300 | +€15,893 | +19.8% |
| Amounts payable after more than one year | 17 | €47,139 | €37,583 | -€9,555 | -20.3% |
| Financial debts | 170/4 | €47,139 | €37,583 | -€9,555 | -20.3% |
| Amounts payable within one year | 42/48 | €33,268 | €58,717 | +€25,449 | +76.5% |
| Current portion of amounts payable after more than one year | 42 | €7,174 | €7,571 | +€397 | +5.5% |
| Trade debts | 44 | €84 | €18,866 | +€18,782 | +22345.7% |
| Suppliers | 440/4 | €84 | €18,866 | +€18,782 | +22345.7% |
| Taxes, remuneration and social security | 45 | €1,264 | €10,842 | +€9,578 | +757.7% |
| Taxes | 450/3 | €1,264 | €10,842 | +€9,578 | +757.7% |
| Other amounts payable | 47/48 | €24,746 | €21,438 | -€3,308 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,840 | €13,986 | -€855 | -5.8% |
| Other operating charges | 640/8 | €397 | €1,574 | +€1,177 | +296.1% |
| Gross operating margin | 9900 | €14,149 | €63,574 | +€49,425 | +349.3% |
| Operating profit (loss) | 9901 | -€1,089 | €48,015 | +€49,103 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,443 | €3,403 | +€960 | +39.3% |
| Recurring financial charges | 65 | €2,443 | €3,403 | +€960 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,531 | €44,612 | +€48,143 | |
| Income taxes | 67/77 | -€97 | €12,647 | +€12,743 | |
| Profit (loss) for the period | 9904 | -€3,435 | €31,965 | +€35,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,435 | €31,965 | +€35,400 |
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 11 October 2026 via checked.be.