Stories: 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.
Stories
Largest movements
- Cash +€10,485
up €10,485 (+58.7%), from €17,874 to €28,360
mainly Other debts (+€202,949) and Net result for the year (+€15,653)
- Tangible fixed assets +€5,302
up €5,302 (+70.0%), from €7,570 to €12,872
of which Furniture and vehicles: +€6,095
- Receivables within one year +€3,285
up €3,285 (+78.2%), from €4,202 to €7,487
of which Trade receivables: +€3,326
- Trade debts -€203,719
down €203,719 (-99.1%), from €205,565 to €1,846
- Other debts +€202,949
up €202,949 (+728.6%), from €27,854 to €230,803
- Profit (loss) carried forward +€15,653
up €15,653 (+0.8%), from -€2.1m to -€2.1m
- Tax, wage and social debts +€4,409
up €4,409 (+4899.0%), from €90 to €4,499
- Gross operating margin +€5,090
up €5,090 (+37.1%), from €13,737 to €18,827
- Depreciation +€1,478
up €1,478 (+164.1%), from €900 to €2,378
- Financial charges -€255
down €255 (-62.1%), from €411 to €156
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 | €31,567 | €50,858 | +€19,291 | +61.1% |
| Fixed assets | 21/28 | €7,570 | €12,872 | +€5,302 | +70.0% |
| Tangible fixed assets | 22/27 | €7,570 | €12,872 | +€5,302 | +70.0% |
| Plant, machinery and equipment | 23 | €5,851 | €5,057 | -€794 | -13.6% |
| Furniture and vehicles | 24 | €1,719 | €7,814 | +€6,095 | +354.6% |
| Current assets | 29/58 | €23,997 | €37,986 | +€13,989 | +58.3% |
| Amounts receivable within one year | 40/41 | €4,202 | €7,487 | +€3,285 | +78.2% |
| Trade receivables | 40 | €4,001 | €7,328 | +€3,326 | +83.1% |
| Other amounts receivable | 41 | €201 | €160 | -€41 | -20.6% |
| Cash at bank and in hand | 54/58 | €17,874 | €28,360 | +€10,485 | +58.7% |
| Deferred charges and accrued income | 490/1 | €1,920 | €2,139 | +€219 | +11.4% |
| Total equity and liabilities | 10/49 | €31,567 | €50,858 | +€19,291 | +61.1% |
| Equity | 10/15 | -€301,943 | -€286,290 | +€15,653 | +5.2% |
| Contributions | 10/11 | €1,781,823 | €1,781,823 | = | 0.0% |
| Reserves | 13 | €1,250 | €1,250 | = | 0.0% |
| Distributable reserves | 133 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,085,016 | -€2,069,363 | +€15,653 | +0.8% |
| Amounts payable | 17/49 | €333,509 | €337,148 | +€3,638 | +1.1% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €233,509 | €237,148 | +€3,638 | +1.6% |
| Trade debts | 44 | €205,565 | €1,846 | -€203,719 | -99.1% |
| Suppliers | 440/4 | €205,565 | €1,846 | -€203,719 | -99.1% |
| Taxes, remuneration and social security | 45 | €90 | €4,499 | +€4,409 | +4899.0% |
| Taxes | 450/3 | €90 | €4,499 | +€4,409 | +4899.0% |
| Other amounts payable | 47/48 | €27,854 | €230,803 | +€202,949 | +728.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €900 | €2,378 | +€1,478 | +164.1% |
| Other operating charges | 640/8 | €505 | €581 | +€76 | +15.0% |
| Gross operating margin | 9900 | €13,737 | €18,827 | +€5,090 | +37.1% |
| Operating profit (loss) | 9901 | €12,331 | €15,868 | +€3,537 | +28.7% |
| Financial income | 75/76B | €3 | €0 | -€3 | -96.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -96.7% |
| Financial charges | 65/66B | €411 | €156 | -€255 | -62.1% |
| Recurring financial charges | 65 | €411 | €156 | -€255 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €11,923 | €15,713 | +€3,789 | +31.8% |
| Income taxes | 67/77 | €59 | €60 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €11,864 | €15,653 | +€3,789 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,864 | €15,653 | +€3,789 | +31.9% |
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.