Strategic Business Development: 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.
Strategic Business Development
Largest movements
- Financial fixed assets +€100,000
new in 2025: €100,000
- Receivables within one year +€66,846
up €66,846 (+489%), from €13,673 to €80,519
of which Other amounts receivable: +€80,000
- Reserves +€95,284
new in 2025: €95,284
- Debts after one year +€73,531
new in 2025: €73,531
- Profit (loss) carried forward -€47,932
down €47,932 (-100%), from €47,932 to €0
- Current portion of long-term debt +€18,828
new in 2025: €18,828
- Tax, wage and social debts +€14,398
up €14,398 (+76.5%), from €18,831 to €33,229
- Financial charges +€4,356
up €4,356 (+354%), from €1,231 to €5,587
- Gross operating margin +€2,813
up €2,813 (+4.6%), from €61,657 to €64,470
- Financial income +€2,090
up €2,090 (+1,257%), from €166 to €2,256
- Other operating charges +€903
up €903 (+766%), from €118 to €1,021
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 | €69,005 | €237,256 | +€168,251 | +244% |
| Fixed assets | 21/28 | - | €100,000 | +€100,000 | |
| Financial fixed assets | 28 | - | €100,000 | +€100,000 | |
| Current assets | 29/58 | €69,005 | €137,256 | +€68,251 | +98.9% |
| Amounts receivable within one year | 40/41 | €13,673 | €80,519 | +€66,846 | +489% |
| Trade receivables | 40 | €13,673 | €519 | -€13,154 | -96.2% |
| Other amounts receivable | 41 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €54,980 | €56,252 | +€1,272 | +2.3% |
| Deferred charges and accrued income | 490/1 | €352 | €485 | +€133 | +37.7% |
| Total equity and liabilities | 10/49 | €69,005 | €237,256 | +€168,251 | +244% |
| Equity | 10/15 | €49,932 | €97,284 | +€47,353 | +94.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €95,284 | +€95,284 | |
| Distributable reserves | 133 | - | €95,284 | +€95,284 | |
| Profit (loss) carried forward | 14 | €47,932 | €0 | -€47,932 | -100% |
| Amounts payable | 17/49 | €19,073 | €139,971 | +€120,898 | +634% |
| Amounts payable after more than one year | 17 | - | €73,531 | +€73,531 | |
| Financial debts | 170/4 | - | €73,531 | +€73,531 | |
| Amounts payable within one year | 42/48 | €19,073 | €66,440 | +€47,367 | +248% |
| Current portion of amounts payable after more than one year | 42 | - | €18,828 | +€18,828 | |
| Trade debts | 44 | €32 | €2,833 | +€2,801 | +8,808% |
| Suppliers | 440/4 | €32 | €2,833 | +€2,801 | +8,808% |
| Taxes, remuneration and social security | 45 | €18,831 | €33,229 | +€14,398 | +76.5% |
| Taxes | 450/3 | €18,831 | €33,229 | +€14,398 | +76.5% |
| Other amounts payable | 47/48 | €210 | €11,550 | +€11,340 | +5,396% |
| Other operating charges | 640/8 | €118 | €1,021 | +€903 | +766% |
| Gross operating margin | 9900 | €61,657 | €64,470 | +€2,813 | +4.6% |
| Operating profit (loss) | 9901 | €61,539 | €63,448 | +€1,909 | +3.1% |
| Financial income | 75/76B | €166 | €2,256 | +€2,090 | +1,257% |
| Recurring financial income | 75 | €166 | €2,256 | +€2,090 | +1,257% |
| Financial charges | 65/66B | €1,231 | €5,587 | +€4,356 | +354% |
| Recurring financial charges | 65 | €1,231 | €5,587 | +€4,356 | +354% |
| Profit (loss) for the period before taxes | 9903 | €60,474 | €60,118 | -€356 | -0.6% |
| Income taxes | 67/77 | €12,543 | €12,765 | +€223 | +1.8% |
| Profit (loss) for the period | 9904 | €47,932 | €47,353 | -€579 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,932 | €47,353 | -€579 | -1.2% |
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 19 October 2026 via checked.be.