Sunday Theory: 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.
Sunday Theory
Largest movements
- Cash +€40,620
up €40,620 (+118%), from €34,470 to €75,089
mainly Net result for the year (+€31,021) and Receivables within one year (+€25,460)
- Receivables within one year -€25,460
down €25,460 (-94.8%), from €26,867 to €1,408
of which Trade receivables: -€26,834
- Profit (loss) carried forward +€31,021
up €31,021 (+79.2%), from €39,162 to €70,183
- Tax, wage and social debts -€14,456
down €14,456 (-84.1%), from €17,182 to €2,727
- Trade debts -€1,762
down €1,762 (-60.8%), from €2,900 to €1,138
- Gross operating margin -€9,047
down €9,047 (-18.2%), from €49,591 to €40,544
- Taxes -€1,292
down €1,292 (-12.6%), from €10,240 to €8,948
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 | €62,245 | €77,049 | +€14,804 | +23.8% |
| Fixed assets | 21/28 | €908 | €552 | -€356 | -39.2% |
| Tangible fixed assets | 22/27 | €908 | €552 | -€356 | -39.2% |
| Plant, machinery and equipment | 23 | €908 | €552 | -€356 | -39.2% |
| Current assets | 29/58 | €61,337 | €76,497 | +€15,160 | +24.7% |
| Amounts receivable within one year | 40/41 | €26,867 | €1,408 | -€25,460 | -94.8% |
| Trade receivables | 40 | €26,834 | €0 | -€26,834 | -100% |
| Other amounts receivable | 41 | €33 | €1,408 | +€1,374 | +4,155% |
| Cash at bank and in hand | 54/58 | €34,470 | €75,089 | +€40,620 | +118% |
| Total equity and liabilities | 10/49 | €62,245 | €77,049 | +€14,804 | +23.8% |
| Equity | 10/15 | €42,162 | €73,183 | +€31,021 | +73.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,162 | €70,183 | +€31,021 | +79.2% |
| Amounts payable | 17/49 | €20,083 | €3,866 | -€16,217 | -80.8% |
| Amounts payable within one year | 42/48 | €20,083 | €3,865 | -€16,218 | -80.8% |
| Trade debts | 44 | €2,900 | €1,138 | -€1,762 | -60.8% |
| Suppliers | 440/4 | €2,900 | €1,138 | -€1,762 | -60.8% |
| Taxes, remuneration and social security | 45 | €17,182 | €2,727 | -€14,456 | -84.1% |
| Taxes | 450/3 | €17,182 | €2,727 | -€14,456 | -84.1% |
| Accrued charges and deferred income | 492/3 | - | €1 | +€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €356 | +€196 | +123% |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | €49,591 | €40,544 | -€9,047 | -18.2% |
| Operating profit (loss) | 9901 | €49,432 | €40,114 | -€9,317 | -18.8% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1,475% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1,475% |
| Financial charges | 65/66B | €30 | €155 | +€126 | +421% |
| Recurring financial charges | 65 | €30 | €155 | +€126 | +421% |
| Profit (loss) for the period before taxes | 9903 | €49,402 | €39,969 | -€9,433 | -19.1% |
| Income taxes | 67/77 | €10,240 | €8,948 | -€1,292 | -12.6% |
| Profit (loss) for the period | 9904 | €39,162 | €31,021 | -€8,141 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,162 | €31,021 | -€8,141 | -20.8% |
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 20 October 2026 via checked.be.