T-BOX: 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.
T-BOX
Largest movements
- Cash +€25,648
up €25,648 (+105%), from €24,493 to €50,141
mainly Net result for the year (+€55,207) and Depreciation (+€15,952)
- Tangible fixed assets -€13,602
down €13,602 (-4.9%), from €276,089 to €262,486
of which Other tangible fixed assets: -€15,576
- Receivables within one year +€8,885
up €8,885 (+70.6%), from €12,586 to €21,471
- Profit (loss) carried forward +€55,207
up €55,207, from -€20,766 to €34,441
- Debts after one year -€27,249
down €27,249 (-14.8%), from €183,881 to €156,632
- Other debts -€20,000
down €20,000 (-45.5%), from €44,000 to €24,000
- Trade debts +€10,110
up €10,110 (+105%), from €9,585 to €19,695
- Gross operating margin +€37,946
up €37,946 (+77.7%), from €48,849 to €86,795
- Taxes +€8,710
new in 2025: €8,710
- Other operating charges +€2,093
up €2,093 (+397%), from €528 to €2,621
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 | €313,249 | €334,182 | +€20,933 | +6.7% |
| Fixed assets | 21/28 | €276,089 | €262,486 | -€13,602 | -4.9% |
| Tangible fixed assets | 22/27 | €276,089 | €262,486 | -€13,602 | -4.9% |
| Plant, machinery and equipment | 23 | - | €1,974 | +€1,974 | |
| Other tangible fixed assets | 26 | €276,089 | €260,512 | -€15,576 | -5.6% |
| Current assets | 29/58 | €37,161 | €71,696 | +€34,535 | +92.9% |
| Amounts receivable within one year | 40/41 | €12,586 | €21,471 | +€8,885 | +70.6% |
| Trade receivables | 40 | €12,586 | €21,471 | +€8,885 | +70.6% |
| Cash at bank and in hand | 54/58 | €24,493 | €50,141 | +€25,648 | +105% |
| Deferred charges and accrued income | 490/1 | €81 | €84 | +€3 | +3.4% |
| Total equity and liabilities | 10/49 | €313,249 | €334,182 | +€20,933 | +6.7% |
| Equity | 10/15 | €39,234 | €94,441 | +€55,207 | +141% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,766 | €34,441 | +€55,207 | |
| Amounts payable | 17/49 | €274,015 | €239,741 | -€34,274 | -12.5% |
| Amounts payable after more than one year | 17 | €183,881 | €156,632 | -€27,249 | -14.8% |
| Financial debts | 170/4 | €183,881 | €156,632 | -€27,249 | -14.8% |
| Amounts payable within one year | 42/48 | €89,807 | €82,824 | -€6,984 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €28,960 | €29,498 | +€537 | +1.9% |
| Trade debts | 44 | €9,585 | €19,695 | +€10,110 | +105% |
| Suppliers | 440/4 | €9,585 | €19,695 | +€10,110 | +105% |
| Taxes, remuneration and social security | 45 | €7,262 | €9,631 | +€2,369 | +32.6% |
| Taxes | 450/3 | €7,262 | €9,631 | +€2,369 | +32.6% |
| Other amounts payable | 47/48 | €44,000 | €24,000 | -€20,000 | -45.5% |
| Accrued charges and deferred income | 492/3 | €326 | €285 | -€41 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,221 | €15,952 | +€732 | +4.8% |
| Other operating charges | 640/8 | €528 | €2,621 | +€2,093 | +397% |
| Gross operating margin | 9900 | €48,849 | €86,795 | +€37,946 | +77.7% |
| Operating profit (loss) | 9901 | €33,101 | €68,222 | +€35,121 | +106% |
| Financial income | 75/76B | €369 | €0 | -€369 | -100% |
| Recurring financial income | 75 | €369 | €0 | -€369 | -100% |
| Financial charges | 65/66B | €4,720 | €4,305 | -€415 | -8.8% |
| Recurring financial charges | 65 | €4,720 | €4,305 | -€415 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €28,749 | €63,916 | +€35,167 | +122% |
| Income taxes | 67/77 | - | €8,710 | +€8,710 | |
| Profit (loss) for the period | 9904 | €28,749 | €55,207 | +€26,458 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,749 | €55,207 | +€26,458 | +92.0% |
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 14 October 2026 via checked.be.