STRAIGHT AHEAD: 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.
STRAIGHT AHEAD
Largest movements
- Cash +€20,101
up €20,101 (+17.5%), from €115,039 to €135,139
mainly Net result for the year (+€82,263) and Other debts (+€38,948)
- Receivables within one year -€5,521
down €5,521 (-14.7%), from €37,539 to €32,018
of which Trade receivables: -€15,244
- Tangible fixed assets +€4,196
up €4,196 (+708%), from €592 to €4,788
of which Furniture and vehicles: +€4,469
- Other debts +€38,948
up €38,948 (+63.7%), from €61,176 to €100,125
- Profit (loss) carried forward -€17,737
down €17,737 (-9.4%), from €188,453 to €170,715
- Gross operating margin +€27,406
up €27,406 (+32.1%), from €85,344 to €112,750
- Taxes +€6,375
up €6,375 (+29.5%), from €21,609 to €27,984
- Depreciation +€1,821
up €1,821 (+666%), from €274 to €2,095
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 | €268,326 | €288,525 | +€20,199 | +7.5% |
| Fixed assets | 21/28 | €592 | €4,788 | +€4,196 | +708% |
| Tangible fixed assets | 22/27 | €592 | €4,788 | +€4,196 | +708% |
| Plant, machinery and equipment | 23 | €592 | €319 | -€274 | -46.2% |
| Furniture and vehicles | 24 | - | €4,469 | +€4,469 | |
| Current assets | 29/58 | €267,733 | €283,737 | +€16,003 | +6.0% |
| Amounts receivable within one year | 40/41 | €37,539 | €32,018 | -€5,521 | -14.7% |
| Trade receivables | 40 | €15,246 | €2 | -€15,244 | -100.0% |
| Other amounts receivable | 41 | €22,293 | €32,016 | +€9,723 | +43.6% |
| Current investments | 50/53 | €115,000 | €115,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,039 | €135,139 | +€20,101 | +17.5% |
| Deferred charges and accrued income | 490/1 | €156 | €1,579 | +€1,423 | +910% |
| Total equity and liabilities | 10/49 | €268,326 | €288,525 | +€20,199 | +7.5% |
| Equity | 10/15 | €198,453 | €180,715 | -€17,737 | -8.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,453 | €170,715 | -€17,737 | -9.4% |
| Amounts payable | 17/49 | €69,873 | €107,809 | +€37,936 | +54.3% |
| Amounts payable within one year | 42/48 | €69,873 | €107,809 | +€37,936 | +54.3% |
| Trade debts | 44 | €1,011 | €918 | -€93 | -9.2% |
| Suppliers | 440/4 | €1,011 | €918 | -€93 | -9.2% |
| Taxes, remuneration and social security | 45 | €7,686 | €6,767 | -€918 | -12.0% |
| Taxes | 450/3 | €7,686 | €6,767 | -€918 | -12.0% |
| Other amounts payable | 47/48 | €61,176 | €100,125 | +€38,948 | +63.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274 | €2,095 | +€1,821 | +666% |
| Other operating charges | 640/8 | €262 | €294 | +€33 | +12.5% |
| Gross operating margin | 9900 | €85,344 | €112,750 | +€27,406 | +32.1% |
| Operating profit (loss) | 9901 | €84,809 | €110,361 | +€25,552 | +30.1% |
| Financial income | 75/76B | €118 | €16 | -€102 | -86.5% |
| Recurring financial income | 75 | €118 | €16 | -€102 | -86.5% |
| Financial charges | 65/66B | €369 | €130 | -€239 | -64.7% |
| Recurring financial charges | 65 | €369 | €130 | -€239 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €84,557 | €110,247 | +€25,689 | +30.4% |
| Income taxes | 67/77 | €21,609 | €27,984 | +€6,375 | +29.5% |
| Profit (loss) for the period | 9904 | €62,949 | €82,263 | +€19,314 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €62,949 | €82,263 | +€19,314 | +30.7% |
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 13 October 2026 via checked.be.