STARTING: 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.
STARTING
Largest movements
- Cash +€5,364
up €5,364 (+51.9%), from €10,332 to €15,696
mainly Trade debts (+€4,909) and Receivables within one year (+€3,727)
- Receivables within one year -€3,727
down €3,727 (-47.1%), from €7,911 to €4,185
of which Other amounts receivable: -€1,896
- Stocks and contracts +€590
up €590 (+35.6%), from €1,659 to €2,249
- Tangible fixed assets +€556
up €556 (+429.3%), from €130 to €686
- Other debts -€5,101
down €5,101 (-69.0%), from €7,392 to €2,291
- Trade debts +€4,909
up €4,909 (+100.4%), from €4,887 to €9,796
- Profit (loss) carried forward +€3,043
up €3,043 (+22.8%), from -€13,363 to -€10,320
- Gross operating margin +€6,272
up €6,272 (+33.6%), from €18,689 to €24,962
- Staff costs +€3,817
up €3,817 (+24.1%), from €15,827 to €19,644
- Taxes +€963
up €963 (+383.4%), from €251 to €1,214
- Depreciation -€498
down €498 (-66.6%), from €748 to €250
- Financial charges -€388
down €388 (-60.0%), from €647 to €259
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 | €21,063 | €23,955 | +€2,892 | +13.7% |
| Fixed assets | 21/28 | €250 | €806 | +€556 | +222.9% |
| Tangible fixed assets | 22/27 | €130 | €686 | +€556 | +429.3% |
| Plant, machinery and equipment | 23 | €130 | €686 | +€556 | +429.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €20,813 | €23,149 | +€2,336 | +11.2% |
| Stocks and contracts in progress | 3 | €1,659 | €2,249 | +€590 | +35.6% |
| Stocks | 30/36 | €1,659 | €2,249 | +€590 | +35.6% |
| Amounts receivable within one year | 40/41 | €7,911 | €4,185 | -€3,727 | -47.1% |
| Trade receivables | 40 | €5,841 | €4,011 | -€1,830 | -31.3% |
| Other amounts receivable | 41 | €2,070 | €174 | -€1,896 | -91.6% |
| Cash at bank and in hand | 54/58 | €10,332 | €15,696 | +€5,364 | +51.9% |
| Deferred charges and accrued income | 490/1 | €911 | €1,020 | +€109 | +11.9% |
| Total equity and liabilities | 10/49 | €21,063 | €23,955 | +€2,892 | +13.7% |
| Equity | 10/15 | €5,229 | €8,272 | +€3,043 | +58.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,363 | -€10,320 | +€3,043 | +22.8% |
| Amounts payable | 17/49 | €15,834 | €15,684 | -€151 | -1.0% |
| Amounts payable within one year | 42/48 | €15,834 | €15,684 | -€151 | -1.0% |
| Trade debts | 44 | €4,887 | €9,796 | +€4,909 | +100.4% |
| Suppliers | 440/4 | €4,887 | €9,796 | +€4,909 | +100.4% |
| Taxes, remuneration and social security | 45 | €3,555 | €3,597 | +€42 | +1.2% |
| Taxes | 450/3 | €482 | €1,391 | +€910 | +188.9% |
| Remuneration and social security | 454/9 | €3,073 | €2,205 | -€868 | -28.2% |
| Other amounts payable | 47/48 | €7,392 | €2,291 | -€5,101 | -69.0% |
| Remuneration, social security and pensions | 62 | €15,827 | €19,644 | +€3,817 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €748 | €250 | -€498 | -66.6% |
| Other operating charges | 640/8 | €563 | €551 | -€11 | -2.0% |
| Gross operating margin | 9900 | €18,689 | €24,962 | +€6,272 | +33.6% |
| Operating profit (loss) | 9901 | €1,552 | €4,516 | +€2,965 | +191.1% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €647 | €259 | -€388 | -60.0% |
| Recurring financial charges | 65 | €647 | €259 | -€388 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €934 | €4,257 | +€3,323 | +355.7% |
| Income taxes | 67/77 | €251 | €1,214 | +€963 | +383.4% |
| Profit (loss) for the period | 9904 | €683 | €3,043 | +€2,360 | +345.5% |
| Profit (loss) for the period to be appropriated | 9905 | €683 | €3,043 | +€2,360 | +345.5% |
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.