Stronger Brighter: 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.
Stronger Brighter
Largest movements
- Financial fixed assets +€35,500
up €35,500 (+16.1%), from €221,052 to €256,552
- Cash -€19,532
down €19,532 (-42.6%), from €45,830 to €26,298
mainly Tax, wage and social debts (-€49,069) and Investment in fixed assets (net) (-€36,640)
- Tangible fixed assets -€12,437
down €12,437 (-26.4%), from €47,186 to €34,749
of which Furniture and vehicles: -€8,286
- Reserves +€60,514
up €60,514 (+27.4%), from €221,236 to €281,750
- Tax, wage and social debts -€49,069
down €49,069 (-69.2%), from €70,945 to €21,876
of which Taxes: -€49,069
- Debts after one year -€9,373
down €9,373 (-53.2%), from €17,618 to €8,245
- Gross operating margin -€58,876
down €58,876 (-39.4%), from €149,450 to €90,574
- Taxes -€13,207
down €13,207 (-46.1%), from €28,656 to €15,449
- Financial charges -€1,521
down €1,521 (-78.4%), from €1,941 to €420
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 | €325,295 | €328,397 | +€3,101 | +1.0% |
| Fixed assets | 21/28 | €268,239 | €291,301 | +€23,063 | +8.6% |
| Tangible fixed assets | 22/27 | €47,186 | €34,749 | -€12,437 | -26.4% |
| Land and buildings | 22 | €19,007 | €16,588 | -€2,419 | -12.7% |
| Plant, machinery and equipment | 23 | €2,525 | €793 | -€1,732 | -68.6% |
| Furniture and vehicles | 24 | €25,654 | €17,368 | -€8,286 | -32.3% |
| Financial fixed assets | 28 | €221,052 | €256,552 | +€35,500 | +16.1% |
| Current assets | 29/58 | €57,057 | €37,095 | -€19,961 | -35.0% |
| Amounts receivable within one year | 40/41 | €10,303 | €10,745 | +€442 | +4.3% |
| Trade receivables | 40 | €10,303 | €10,745 | +€442 | +4.3% |
| Cash at bank and in hand | 54/58 | €45,830 | €26,298 | -€19,532 | -42.6% |
| Deferred charges and accrued income | 490/1 | €924 | €53 | -€871 | -94.3% |
| Total equity and liabilities | 10/49 | €325,295 | €328,397 | +€3,101 | +1.0% |
| Equity | 10/15 | €226,236 | €286,750 | +€60,514 | +26.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €221,236 | €281,750 | +€60,514 | +27.4% |
| Distributable reserves | 133 | €221,236 | €281,750 | +€60,514 | +27.4% |
| Amounts payable | 17/49 | €99,060 | €41,647 | -€57,413 | -58.0% |
| Amounts payable after more than one year | 17 | €17,618 | €8,245 | -€9,373 | -53.2% |
| Financial debts | 170/4 | €17,618 | €8,245 | -€9,373 | -53.2% |
| Amounts payable within one year | 42/48 | €81,442 | €33,402 | -€48,040 | -59.0% |
| Current portion of amounts payable after more than one year | 42 | €8,698 | €8,718 | +€20 | +0.2% |
| Trade debts | 44 | €751 | €190 | -€561 | -74.8% |
| Suppliers | 440/4 | €751 | €190 | -€561 | -74.8% |
| Taxes, remuneration and social security | 45 | €70,945 | €21,876 | -€49,069 | -69.2% |
| Taxes | 450/3 | €70,945 | €21,876 | -€49,069 | -69.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,049 | €2,618 | +€1,569 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,666 | €13,577 | -€1,089 | -7.4% |
| Other operating charges | 640/8 | €64 | €707 | +€643 | +1,008% |
| Gross operating margin | 9900 | €149,450 | €90,574 | -€58,876 | -39.4% |
| Operating profit (loss) | 9901 | €134,720 | €76,289 | -€58,431 | -43.4% |
| Financial income | 75/76B | €56 | €94 | +€37 | +66.0% |
| Recurring financial income | 75 | €56 | €94 | +€37 | +66.0% |
| Financial charges | 65/66B | €1,941 | €420 | -€1,521 | -78.4% |
| Recurring financial charges | 65 | €1,941 | €420 | -€1,521 | -78.4% |
| Profit (loss) for the period before taxes | 9903 | €132,835 | €75,963 | -€56,872 | -42.8% |
| Income taxes | 67/77 | €28,656 | €15,449 | -€13,207 | -46.1% |
| Profit (loss) for the period | 9904 | €104,179 | €60,514 | -€43,665 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,179 | €60,514 | -€43,665 | -41.9% |
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 17 October 2026 via checked.be.