stephmeli: 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.
stephmeli
Largest movements
- Cash +€412,306
up €412,306 (+206.5%), from €199,669 to €611,974
mainly Net result for the year (+€515,267) and Investment in fixed assets (net) (+€29,880)
- Receivables within one year +€138,798
up €138,798 (+74.9%), from €185,268 to €324,067
- Financial fixed assets -€31,532
no longer reported in 2025 (was €31,532)
- Tangible fixed assets -€11,951
down €11,951 (-11.0%), from €108,825 to €96,874
of which Furniture and vehicles: -€11,882
- Reserves +€505,000
up €505,000 (+111.8%), from €451,860 to €956,860
- Financial income +€588,656
up €588,656 (+5246.7%), from €11,220 to €599,876
- Gross operating margin -€51,370
down €51,370, from €35,280 to -€16,090
- Taxes +€43,498
up €43,498 (+456.5%), from €9,529 to €53,027
- Financial charges -€725
down €725 (-40.2%), from €1,806 to €1,081
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 | €527,568 | €1,034,738 | +€507,170 | +96.1% |
| Fixed assets | 21/28 | €140,357 | €96,874 | -€43,483 | -31.0% |
| Tangible fixed assets | 22/27 | €108,825 | €96,874 | -€11,951 | -11.0% |
| Land and buildings | 22 | €67,478 | €67,410 | -€69 | -0.1% |
| Furniture and vehicles | 24 | €41,347 | €29,465 | -€11,882 | -28.7% |
| Financial fixed assets | 28 | €31,532 | - | -€31,532 | |
| Current assets | 29/58 | €387,211 | €937,864 | +€550,653 | +142.2% |
| Amounts receivable within one year | 40/41 | €185,268 | €324,067 | +€138,798 | +74.9% |
| Other amounts receivable | 41 | €185,268 | €324,067 | +€138,798 | +74.9% |
| Cash at bank and in hand | 54/58 | €199,669 | €611,974 | +€412,306 | +206.5% |
| Deferred charges and accrued income | 490/1 | €2,274 | €1,823 | -€451 | -19.8% |
| Total equity and liabilities | 10/49 | €527,568 | €1,034,738 | +€507,170 | +96.1% |
| Equity | 10/15 | €483,716 | €998,983 | +€515,267 | +106.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €451,860 | €956,860 | +€505,000 | +111.8% |
| Distributable reserves | 133 | €451,860 | €956,860 | +€505,000 | +111.8% |
| Profit (loss) carried forward | 14 | €25,356 | €35,623 | +€10,267 | +40.5% |
| Amounts payable | 17/49 | €43,852 | €35,755 | -€8,097 | -18.5% |
| Amounts payable after more than one year | 17 | €21,654 | €21,654 | = | 0.0% |
| Financial debts | 170/4 | €21,654 | €21,654 | = | 0.0% |
| Amounts payable within one year | 42/48 | €21,774 | €14,101 | -€7,673 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €9,772 | - | -€9,772 | |
| Taxes, remuneration and social security | 45 | €795 | €2,894 | +€2,099 | +264.1% |
| Taxes | 450/3 | €795 | €86 | -€709 | -89.2% |
| Remuneration and social security | 454/9 | - | €2,808 | +€2,808 | |
| Other amounts payable | 47/48 | €11,207 | €11,207 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €424 | - | -€424 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,566 | €13,603 | +€37 | +0.3% |
| Other operating charges | 640/8 | €523 | €808 | +€285 | +54.5% |
| Gross operating margin | 9900 | €35,280 | -€16,090 | -€51,370 | |
| Operating profit (loss) | 9901 | €21,191 | -€30,501 | -€51,693 | |
| Financial income | 75/76B | €11,220 | €599,876 | +€588,656 | +5246.7% |
| Recurring financial income | 75 | €11,220 | €599,876 | +€588,656 | +5246.7% |
| Financial charges | 65/66B | €1,806 | €1,081 | -€725 | -40.2% |
| Recurring financial charges | 65 | €1,806 | €1,081 | -€725 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €30,605 | €568,294 | +€537,689 | +1756.9% |
| Income taxes | 67/77 | €9,529 | €53,027 | +€43,498 | +456.5% |
| Profit (loss) for the period | 9904 | €21,076 | €515,267 | +€494,191 | +2344.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,076 | €515,267 | +€494,191 | +2344.8% |
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 5 October 2026 via checked.be.