STICKER: 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.
STICKER
Largest movements
- Cash +€7,871
up €7,871 (+22.1%), from €35,539 to €43,411
mainly Net result for the year (+€11,323) and Depreciation (+€7,691)
- Receivables within one year +€3,482
up €3,482 (+1215.5%), from €287 to €3,769
of which Other amounts receivable: +€3,067
- Reserves +€11,323
up €11,323 (+22.3%), from €50,775 to €62,097
of which Distributable reserves: +€11,323
- Other debts +€1,147
up €1,147 (+40.4%), from €2,837 to €3,984
- Tax, wage and social debts -€1,105
down €1,105 (-46.3%), from €2,389 to €1,284
of which Taxes: -€1,105
- Gross operating margin +€13,397
up €13,397 (+118.9%), from €11,263 to €24,660
- Depreciation +€4,047
up €4,047 (+111.0%), from €3,645 to €7,691
- Taxes +€2,234
up €2,234 (+81.1%), from €2,754 to €4,988
- Other operating charges -€580
down €580 (-45.4%), from €1,277 to €697
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 | €62,362 | €73,813 | +€11,450 | +18.4% |
| Fixed assets | 21/28 | €26,109 | €25,930 | -€178 | -0.7% |
| Tangible fixed assets | 22/27 | €26,109 | €25,930 | -€178 | -0.7% |
| Plant, machinery and equipment | 23 | €234 | €6,511 | +€6,278 | +2687.4% |
| Furniture and vehicles | 24 | €1,376 | €0 | -€1,376 | -100.0% |
| Other tangible fixed assets | 26 | €24,499 | €19,419 | -€5,080 | -20.7% |
| Current assets | 29/58 | €36,254 | €47,882 | +€11,629 | +32.1% |
| Amounts receivable within one year | 40/41 | €287 | €3,769 | +€3,482 | +1215.5% |
| Trade receivables | 40 | €287 | €702 | +€415 | +145.0% |
| Other amounts receivable | 41 | - | €3,067 | +€3,067 | |
| Cash at bank and in hand | 54/58 | €35,539 | €43,411 | +€7,871 | +22.1% |
| Deferred charges and accrued income | 490/1 | €428 | €703 | +€275 | +64.2% |
| Total equity and liabilities | 10/49 | €62,362 | €73,813 | +€11,450 | +18.4% |
| Equity | 10/15 | €56,980 | €68,303 | +€11,323 | +19.9% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €50,775 | €62,097 | +€11,323 | +22.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €940 | €940 | = | 0.0% |
| Distributable reserves | 133 | €49,835 | €61,157 | +€11,323 | +22.7% |
| Amounts payable | 17/49 | €5,383 | €5,510 | +€128 | +2.4% |
| Amounts payable within one year | 42/48 | €5,383 | €5,510 | +€128 | +2.4% |
| Trade debts | 44 | €157 | €243 | +€86 | +54.4% |
| Suppliers | 440/4 | €157 | €243 | +€86 | +54.4% |
| Taxes, remuneration and social security | 45 | €2,389 | €1,284 | -€1,105 | -46.3% |
| Taxes | 450/3 | €2,389 | €1,284 | -€1,105 | -46.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,837 | €3,984 | +€1,147 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,645 | €7,691 | +€4,047 | +111.0% |
| Other operating charges | 640/8 | €1,277 | €697 | -€580 | -45.4% |
| Gross operating margin | 9900 | €11,263 | €24,660 | +€13,397 | +118.9% |
| Operating profit (loss) | 9901 | €6,341 | €16,271 | +€9,930 | +156.6% |
| Financial income | 75/76B | €96 | €183 | +€87 | +90.2% |
| Recurring financial income | 75 | €96 | €183 | +€87 | +90.2% |
| Financial charges | 65/66B | €117 | €144 | +€26 | +22.6% |
| Recurring financial charges | 65 | €117 | €144 | +€26 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €6,320 | €16,311 | +€9,990 | +158.1% |
| Income taxes | 67/77 | €2,754 | €4,988 | +€2,234 | +81.1% |
| Profit (loss) for the period | 9904 | €3,567 | €11,323 | +€7,756 | +217.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,567 | €11,323 | +€7,756 | +217.5% |
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.