T-Z: 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-Z
Largest movements
- Cash +€5,415
up €5,415 (+8.3%), from €64,851 to €70,266
mainly Net result for the year (+€84,072) and Other debts (+€24,834)
- Other debts +€24,834
up €24,834 (+70.6%), from €35,166 to €60,000
- Profit (loss) carried forward +€24,072
up €24,072 (+11.3%), from €213,341 to €237,413
- Tax, wage and social debts -€22,250
down €22,250 (-77.2%), from €28,828 to €6,578
- Debts after one year -€15,953
down €15,953 (-12.1%), from €132,196 to €116,243
- Depreciation +€4,657
up €4,657 (+28.7%), from €16,222 to €20,879
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 | €447,027 | €458,013 | +€10,986 | +2.5% |
| Fixed assets | 21/28 | €366,908 | €369,314 | +€2,406 | +0.7% |
| Tangible fixed assets | 22/27 | €366,868 | €369,274 | +€2,406 | +0.7% |
| Land and buildings | 22 | €366,868 | €350,646 | -€16,222 | -4.4% |
| Furniture and vehicles | 24 | - | €18,628 | +€18,628 | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €80,120 | €88,700 | +€8,580 | +10.7% |
| Amounts receivable within one year | 40/41 | €15,269 | €18,434 | +€3,165 | +20.7% |
| Trade receivables | 40 | €14,654 | €13,325 | -€1,330 | -9.1% |
| Other amounts receivable | 41 | €615 | €5,109 | +€4,495 | +731% |
| Cash at bank and in hand | 54/58 | €64,851 | €70,266 | +€5,415 | +8.3% |
| Total equity and liabilities | 10/49 | €447,027 | €458,013 | +€10,986 | +2.5% |
| Equity | 10/15 | €233,801 | €257,873 | +€24,072 | +10.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,341 | €237,413 | +€24,072 | +11.3% |
| Amounts payable | 17/49 | €213,226 | €200,141 | -€13,086 | -6.1% |
| Amounts payable after more than one year | 17 | €132,196 | €116,243 | -€15,953 | -12.1% |
| Financial debts | 170/4 | €132,196 | €116,243 | -€15,953 | -12.1% |
| Amounts payable within one year | 42/48 | €79,663 | €82,531 | +€2,868 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €15,669 | €15,953 | +€284 | +1.8% |
| Taxes, remuneration and social security | 45 | €28,828 | €6,578 | -€22,250 | -77.2% |
| Taxes | 450/3 | €28,828 | €6,578 | -€22,250 | -77.2% |
| Other amounts payable | 47/48 | €35,166 | €60,000 | +€24,834 | +70.6% |
| Accrued charges and deferred income | 492/3 | €1,367 | €1,367 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,222 | €20,879 | +€4,657 | +28.7% |
| Gross operating margin | 9900 | €137,562 | €137,124 | -€437 | -0.3% |
| Operating profit (loss) | 9901 | €121,340 | €116,245 | -€5,094 | -4.2% |
| Financial income | 75/76B | €363 | €238 | -€125 | -34.5% |
| Recurring financial income | 75 | €363 | €238 | -€125 | -34.5% |
| Financial charges | 65/66B | €3,356 | €3,076 | -€279 | -8.3% |
| Recurring financial charges | 65 | €3,356 | €3,076 | -€279 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €118,347 | €113,407 | -€4,940 | -4.2% |
| Income taxes | 67/77 | €30,481 | €29,335 | -€1,146 | -3.8% |
| Profit (loss) for the period | 9904 | €87,865 | €84,072 | -€3,794 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €87,865 | €84,072 | -€3,794 | -4.3% |
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 21 October 2026 via checked.be.