T.B.A.: 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.
T.B.A.
Largest movements
- Cash +€10,575
up €10,575 (+120.7%), from €8,760 to €19,335
mainly Net result for the year (+€10,870) and Tax, wage and social debts (+€6,800)
- Deferred charges and accrued income +€5,385
new in 2025: €5,385
- Tangible fixed assets +€805
up €805 (+66.4%), from €1,213 to €2,018
of which Other tangible fixed assets: +€1,221
- Reserves +€10,000
up €10,000 (+400.0%), from €2,500 to €12,500
- Tax, wage and social debts +€6,800
up €6,800 (+850.0%), from €800 to €7,600
- Profit (loss) carried forward +€870
up €870 (+958.7%), from €91 to €961
- Trade debts -€599
down €599 (-46.9%), from €1,276 to €677
- Other debts -€306
no longer reported in 2025 (was €306)
- Gross operating margin +€12,156
up €12,156 (+322.4%), from €3,770 to €15,926
- Taxes +€3,195
up €3,195 (+399.3%), from €800 to €3,995
- Depreciation +€589
up €589 (+1614.0%), from €37 to €626
- Financial charges +€229
up €229 (+1078.4%), from €21 to €250
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 | €9,972 | €26,738 | +€16,765 | +168.1% |
| Fixed assets | 21/28 | €1,213 | €2,018 | +€805 | +66.4% |
| Tangible fixed assets | 22/27 | €1,213 | €2,018 | +€805 | +66.4% |
| Furniture and vehicles | 24 | €1,213 | €796 | -€416 | -34.3% |
| Other tangible fixed assets | 26 | - | €1,221 | +€1,221 | |
| Current assets | 29/58 | €8,760 | €24,720 | +€15,960 | +182.2% |
| Cash at bank and in hand | 54/58 | €8,760 | €19,335 | +€10,575 | +120.7% |
| Deferred charges and accrued income | 490/1 | - | €5,385 | +€5,385 | |
| Total equity and liabilities | 10/49 | €9,972 | €26,738 | +€16,765 | +168.1% |
| Equity | 10/15 | €7,591 | €18,461 | +€10,870 | +143.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €12,500 | +€10,000 | +400.0% |
| Distributable reserves | 133 | €2,500 | €12,500 | +€10,000 | +400.0% |
| Profit (loss) carried forward | 14 | €91 | €961 | +€870 | +958.7% |
| Amounts payable | 17/49 | €2,382 | €8,277 | +€5,895 | +247.5% |
| Amounts payable within one year | 42/48 | €2,382 | €8,277 | +€5,895 | +247.5% |
| Trade debts | 44 | €1,276 | €677 | -€599 | -46.9% |
| Suppliers | 440/4 | €1,276 | €677 | -€599 | -46.9% |
| Taxes, remuneration and social security | 45 | €800 | €7,600 | +€6,800 | +850.0% |
| Taxes | 450/3 | €800 | €7,600 | +€6,800 | +850.0% |
| Other amounts payable | 47/48 | €306 | - | -€306 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €626 | +€589 | +1614.0% |
| Other operating charges | 640/8 | €322 | €186 | -€136 | -42.3% |
| Gross operating margin | 9900 | €3,770 | €15,926 | +€12,156 | +322.4% |
| Operating profit (loss) | 9901 | €3,412 | €15,115 | +€11,703 | +343.0% |
| Financial charges | 65/66B | €21 | €250 | +€229 | +1078.4% |
| Recurring financial charges | 65 | €21 | €250 | +€229 | +1078.4% |
| Profit (loss) for the period before taxes | 9903 | €3,391 | €14,865 | +€11,474 | +338.4% |
| Income taxes | 67/77 | €800 | €3,995 | +€3,195 | +399.3% |
| Profit (loss) for the period | 9904 | €2,591 | €10,870 | +€8,279 | +319.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,591 | €10,870 | +€8,279 | +319.6% |
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 6 October 2026 via checked.be.