Startup Collective: 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.
Startup Collective
Largest movements
- Cash +€27,485
up €27,485 (+111%), from €24,793 to €52,278
mainly Net result for the year (+€29,464) and Receivables within one year (+€22,182)
- Receivables within one year -€22,182
down €22,182 (-13.3%), from €167,294 to €145,112
of which Other amounts receivable: -€101,959
- Current investments -€20,000
down €20,000 (-100%), from €20,000 to €0
- Tangible fixed assets -€11,208
down €11,208 (-75.8%), from €14,794 to €3,586
of which Furniture and vehicles: -€9,384
- Financial fixed assets +€7,560
up €7,560 (+5.0%), from €152,660 to €160,220
- Debts after one year -€33,117
down €33,117 (-24.5%), from €135,180 to €102,064
- Reserves -€32,086
down €32,086 (-45.5%), from €70,443 to €38,357
- Profit (loss) carried forward +€29,464
up €29,464 (+44.3%), from €66,485 to €95,949
- Tax, wage and social debts +€12,696
up €12,696 (+34.9%), from €36,365 to €49,061
of which Taxes: +€11,233
- Gross operating margin +€69,507
up €69,507 (+118%), from €58,672 to €128,180
- Taxes +€18,554
up €18,554 (+351%), from €5,288 to €23,842
- Staff costs +€10,167
up €10,167 (+41.8%), from €24,330 to €34,497
- Financial charges -€5,197
down €5,197 (-45.5%), from €11,418 to €6,221
- Financial income -€2,892
down €2,892 (-37.5%), from €7,709 to €4,817
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 | €393,359 | €366,065 | -€27,294 | -6.9% |
| Fixed assets | 21/28 | €172,454 | €163,806 | -€8,648 | -5.0% |
| Intangible fixed assets | 21 | €5,000 | €0 | -€5,000 | -100% |
| Tangible fixed assets | 22/27 | €14,794 | €3,586 | -€11,208 | -75.8% |
| Land and buildings | 22 | €3,910 | €3,249 | -€661 | -16.9% |
| Plant, machinery and equipment | 23 | €1,320 | €157 | -€1,163 | -88.1% |
| Furniture and vehicles | 24 | €9,564 | €180 | -€9,384 | -98.1% |
| Financial fixed assets | 28 | €152,660 | €160,220 | +€7,560 | +5.0% |
| Current assets | 29/58 | €220,905 | €202,259 | -€18,646 | -8.4% |
| Amounts receivable within one year | 40/41 | €167,294 | €145,112 | -€22,182 | -13.3% |
| Trade receivables | 40 | €57,192 | €136,969 | +€79,777 | +139% |
| Other amounts receivable | 41 | €110,102 | €8,143 | -€101,959 | -92.6% |
| Current investments | 50/53 | €20,000 | €0 | -€20,000 | -100% |
| Cash at bank and in hand | 54/58 | €24,793 | €52,278 | +€27,485 | +111% |
| Deferred charges and accrued income | 490/1 | €8,817 | €4,868 | -€3,949 | -44.8% |
| Total equity and liabilities | 10/49 | €393,359 | €366,065 | -€27,294 | -6.9% |
| Equity | 10/15 | €138,927 | €136,306 | -€2,622 | -1.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €70,443 | €38,357 | -€32,086 | -45.5% |
| Distributable reserves | 133 | €70,443 | €38,357 | -€32,086 | -45.5% |
| Profit (loss) carried forward | 14 | €66,485 | €95,949 | +€29,464 | +44.3% |
| Amounts payable | 17/49 | €254,432 | €229,759 | -€24,672 | -9.7% |
| Amounts payable after more than one year | 17 | €135,180 | €102,064 | -€33,117 | -24.5% |
| Financial debts | 170/4 | €135,180 | €102,064 | -€33,117 | -24.5% |
| Amounts payable within one year | 42/48 | €119,251 | €127,696 | +€8,444 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €41,467 | €43,117 | +€1,650 | +4.0% |
| Financial debts | 43 | €1,206 | €0 | -€1,206 | -100% |
| Credit institutions | 430/8 | €1,206 | €0 | -€1,206 | -100% |
| Trade debts | 44 | €5,078 | €4,690 | -€388 | -7.6% |
| Suppliers | 440/4 | €5,078 | €4,690 | -€388 | -7.6% |
| Advances received on contracts in progress | 46 | €1,808 | €0 | -€1,808 | -100% |
| Taxes, remuneration and social security | 45 | €36,365 | €49,061 | +€12,696 | +34.9% |
| Taxes | 450/3 | €33,042 | €44,275 | +€11,233 | +34.0% |
| Remuneration and social security | 454/9 | €3,323 | €4,786 | +€1,464 | +44.0% |
| Other amounts payable | 47/48 | €33,328 | €30,828 | -€2,500 | -7.5% |
| Non-recurring operating income | 76A | €1,597 | €0 | -€1,597 | -100% |
| Remuneration, social security and pensions | 62 | €24,330 | €34,497 | +€10,167 | +41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,374 | €16,208 | -€2,165 | -11.8% |
| Other operating charges | 640/8 | €1,349 | €2,766 | +€1,417 | +105% |
| Non-recurring operating charges | 66A | - | €20,000 | +€20,000 | |
| Gross operating margin | 9900 | €58,672 | €128,180 | +€69,507 | +118% |
| Operating profit (loss) | 9901 | €14,620 | €54,709 | +€40,089 | +274% |
| Financial income | 75/76B | €7,709 | €4,817 | -€2,892 | -37.5% |
| Recurring financial income | 75 | €7,709 | €4,817 | -€2,892 | -37.5% |
| Financial charges | 65/66B | €11,418 | €6,221 | -€5,197 | -45.5% |
| Recurring financial charges | 65 | €11,418 | €6,221 | -€5,197 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €10,911 | €53,305 | +€42,394 | +389% |
| Income taxes | 67/77 | €5,288 | €23,842 | +€18,554 | +351% |
| Profit (loss) for the period | 9904 | €5,623 | €29,464 | +€23,841 | +424% |
| Profit (loss) for the period to be appropriated | 9905 | €5,623 | €29,464 | +€23,841 | +424% |
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 16 October 2026 via checked.be.