STUFF: 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.
STUFF
Largest movements
- Cash +€97,815
up €97,815 (+350%), from €27,915 to €125,731
mainly Net result for the year (+€119,812) and Receivables within one year (+€20,840)
- Receivables within one year -€20,840
down €20,840 (-51.4%), from €40,529 to €19,689
of which Trade receivables: -€22,848
- Tangible fixed assets -€2,192
down €2,192 (-15.3%), from €14,303 to €12,111
of which Furniture and vehicles: -€2,099
- Profit (loss) carried forward +€119,812
up €119,812 (+84.8%), from -€141,214 to -€21,402
- Trade debts -€42,069
down €42,069 (-85.0%), from €49,512 to €7,443
- Tax, wage and social debts -€2,063
down €2,063 (-22.1%), from €9,319 to €7,256
of which Taxes: -€2,063
- Gross operating margin +€64,412
up €64,412 (+103%), from €62,450 to €126,862
- Financial income +€9,603
new in 2025: €9,603
of which Non-recurring financial income: +€9,001
- Other operating charges +€3,778
up €3,778 (+347%), from €1,089 to €4,867
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 | €82,747 | €157,530 | +€74,783 | +90.4% |
| Fixed assets | 21/28 | €14,303 | €12,111 | -€2,192 | -15.3% |
| Tangible fixed assets | 22/27 | €14,303 | €12,111 | -€2,192 | -15.3% |
| Land and buildings | 22 | €933 | €840 | -€93 | -10.0% |
| Furniture and vehicles | 24 | €13,370 | €11,271 | -€2,099 | -15.7% |
| Current assets | 29/58 | €68,445 | €145,420 | +€76,975 | +112% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €40,529 | €19,689 | -€20,840 | -51.4% |
| Trade receivables | 40 | €40,529 | €17,682 | -€22,848 | -56.4% |
| Other amounts receivable | 41 | - | €2,007 | +€2,007 | |
| Cash at bank and in hand | 54/58 | €27,915 | €125,731 | +€97,815 | +350% |
| Total equity and liabilities | 10/49 | €82,747 | €157,530 | +€74,783 | +90.4% |
| Equity | 10/15 | €8,786 | €128,598 | +€119,812 | +1,364% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,214 | -€21,402 | +€119,812 | +84.8% |
| Amounts payable | 17/49 | €73,961 | €28,932 | -€45,029 | -60.9% |
| Amounts payable within one year | 42/48 | €66,902 | €21,399 | -€45,503 | -68.0% |
| Trade debts | 44 | €49,512 | €7,443 | -€42,069 | -85.0% |
| Suppliers | 440/4 | €49,512 | €7,443 | -€42,069 | -85.0% |
| Taxes, remuneration and social security | 45 | €9,319 | €7,256 | -€2,063 | -22.1% |
| Taxes | 450/3 | €9,319 | €7,256 | -€2,063 | -22.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,071 | €6,700 | -€1,371 | -17.0% |
| Accrued charges and deferred income | 492/3 | €7,059 | €7,533 | +€474 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,085 | €2,192 | +€1,107 | +102% |
| Other operating charges | 640/8 | €1,089 | €4,867 | +€3,778 | +347% |
| Non-recurring operating charges | 66A | - | €9,001 | +€9,001 | |
| Gross operating margin | 9900 | €62,450 | €126,862 | +€64,412 | +103% |
| Operating profit (loss) | 9901 | €60,277 | €110,802 | +€50,525 | +83.8% |
| Financial income | 75/76B | - | €9,603 | +€9,603 | |
| Recurring financial income | 75 | - | €602 | +€602 | |
| Non-recurring financial income | 76B | - | €9,001 | +€9,001 | |
| Financial charges | 65/66B | €1,420 | €542 | -€878 | -61.8% |
| Recurring financial charges | 65 | €1,420 | €542 | -€878 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €58,856 | €119,862 | +€61,006 | +104% |
| Income taxes | 67/77 | €131 | €51 | -€81 | -61.4% |
| Profit (loss) for the period | 9904 | €58,725 | €119,812 | +€61,087 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €58,725 | €119,812 | +€61,087 | +104% |
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 24 October 2026 via checked.be.