SUM: 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.
SUM
Largest movements
- Current investments +€100,000
up €100,000, from €0 to €100,000
- Receivables within one year -€91,798
down €91,798 (-73.9%), from €124,191 to €32,393
of which Trade receivables: -€91,798
- Receivables after one year +€30,000
new in 2025: €30,000
- Tangible fixed assets +€29,010
up €29,010 (+18.4%), from €157,568 to €186,578
of which Land and buildings: +€37,704
- Cash -€9,421
down €9,421 (-15.1%), from €62,593 to €53,172
mainly Current investments (-€100,000) and Trade debts (-€66,062)
- Reserves +€290,577
new in 2025: €290,577
- Profit (loss) carried forward -€208,212
down €208,212 (-100.0%), from €208,212 to €0
- Trade debts -€66,062
down €66,062 (-74.3%), from €88,957 to €22,895
- Accrued charges and deferred income +€58,264
new in 2025: €58,264
- Tax, wage and social debts -€13,857
down €13,857 (-33.5%), from €41,327 to €27,470
of which Taxes: -€13,857
- Gross operating margin +€12,340
up €12,340 (+11.7%), from €105,055 to €117,396
- Depreciation +€5,920
up €5,920 (+70.4%), from €8,405 to €14,326
- Financial income +€4,414
up €4,414 (+576.8%), from €765 to €5,179
- Other operating charges -€3,440
down €3,440 (-52.8%), from €6,517 to €3,077
- Taxes +€2,837
up €2,837 (+15.1%), from €18,838 to €21,675
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 | €344,352 | €403,881 | +€59,529 | +17.3% |
| Fixed assets | 21/28 | €157,568 | €186,578 | +€29,010 | +18.4% |
| Tangible fixed assets | 22/27 | €157,568 | €186,578 | +€29,010 | +18.4% |
| Land and buildings | 22 | €127,320 | €165,024 | +€37,704 | +29.6% |
| Furniture and vehicles | 24 | €30,248 | €21,554 | -€8,694 | -28.7% |
| Current assets | 29/58 | €186,784 | €217,303 | +€30,519 | +16.3% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €124,191 | €32,393 | -€91,798 | -73.9% |
| Trade receivables | 40 | €121,758 | €29,959 | -€91,798 | -75.4% |
| Other amounts receivable | 41 | €2,433 | €2,433 | = | 0.0% |
| Current investments | 50/53 | €0 | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €62,593 | €53,172 | -€9,421 | -15.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,739 | +€1,739 | |
| Total equity and liabilities | 10/49 | €344,352 | €403,881 | +€59,529 | +17.3% |
| Equity | 10/15 | €208,213 | €290,578 | +€82,366 | +39.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | - | €290,577 | +€290,577 | |
| Distributable reserves | 133 | - | €290,577 | +€290,577 | |
| Profit (loss) carried forward | 14 | €208,212 | €0 | -€208,212 | -100.0% |
| Amounts payable | 17/49 | €136,140 | €113,303 | -€22,837 | -16.8% |
| Amounts payable within one year | 42/48 | €136,140 | €55,039 | -€81,101 | -59.6% |
| Trade debts | 44 | €88,957 | €22,895 | -€66,062 | -74.3% |
| Suppliers | 440/4 | €88,957 | €22,895 | -€66,062 | -74.3% |
| Taxes, remuneration and social security | 45 | €41,327 | €27,470 | -€13,857 | -33.5% |
| Taxes | 450/3 | €41,327 | €27,470 | -€13,857 | -33.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €5,856 | €4,674 | -€1,182 | -20.2% |
| Accrued charges and deferred income | 492/3 | - | €58,264 | +€58,264 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,405 | €14,326 | +€5,920 | +70.4% |
| Other operating charges | 640/8 | €6,517 | €3,077 | -€3,440 | -52.8% |
| Gross operating margin | 9900 | €105,055 | €117,396 | +€12,340 | +11.7% |
| Operating profit (loss) | 9901 | €90,133 | €99,993 | +€9,860 | +10.9% |
| Financial income | 75/76B | €765 | €5,179 | +€4,414 | +576.8% |
| Recurring financial income | 75 | €765 | €5,179 | +€4,414 | +576.8% |
| Financial charges | 65/66B | €2,499 | €1,132 | -€1,368 | -54.7% |
| Recurring financial charges | 65 | €2,499 | €1,132 | -€1,368 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €88,399 | €104,041 | +€15,642 | +17.7% |
| Income taxes | 67/77 | €18,838 | €21,675 | +€2,837 | +15.1% |
| Profit (loss) for the period | 9904 | €69,561 | €82,366 | +€12,805 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €69,561 | €82,366 | +€12,805 | +18.4% |
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 2 October 2026 via checked.be.