T77: 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.
T77
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+348%), from €318,505 to €1.4m
of which Other amounts receivable: +€1.1m
- Tangible fixed assets +€33,984
new in 2025: €33,984
of which Furniture and vehicles: +€28,884
- Cash +€15,483
up €15,483 (+235%), from €6,597 to €22,080
mainly Debts after one year (+€1.0m) and Other debts (+€134,788)
- Debts after one year +€1.0m
new in 2025: €1.0m
- Other debts +€134,788
up €134,788 (+57.8%), from €233,386 to €368,174
- Trade debts +€26,341
up €26,341 (+37.0%), from €71,214 to €97,555
- Gross operating margin +€7,058
up €7,058, from -€1,659 to €5,399
- Depreciation +€7,001
new in 2025: €7,001
- Other operating charges -€281
down €281 (-25.1%), from €1,117 to €837
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 | €330,102 | €1,487,752 | +€1.2m | +351% |
| Fixed assets | 21/28 | - | €33,984 | +€33,984 | |
| Tangible fixed assets | 22/27 | - | €33,984 | +€33,984 | |
| Furniture and vehicles | 24 | - | €28,884 | +€28,884 | |
| Other tangible fixed assets | 26 | - | €5,099 | +€5,099 | |
| Current assets | 29/58 | €330,102 | €1,453,768 | +€1.1m | +340% |
| Amounts receivable within one year | 40/41 | €318,505 | €1,426,688 | +€1.1m | +348% |
| Trade receivables | 40 | €99,825 | €118,976 | +€19,151 | +19.2% |
| Other amounts receivable | 41 | €218,680 | €1,307,712 | +€1.1m | +498% |
| Cash at bank and in hand | 54/58 | €6,597 | €22,080 | +€15,483 | +235% |
| Deferred charges and accrued income | 490/1 | €5,000 | €5,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €330,102 | €1,487,752 | +€1.2m | +351% |
| Equity | 10/15 | €19,798 | €17,076 | -€2,723 | -13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,538 | €2,816 | -€2,723 | -49.2% |
| Amounts payable | 17/49 | €310,304 | €1,470,676 | +€1.2m | +374% |
| Amounts payable after more than one year | 17 | - | €1,000,000 | +€1.0m | |
| Financial debts | 170/4 | - | €1,000,000 | +€1.0m | |
| Amounts payable within one year | 42/48 | €310,304 | €470,676 | +€160,372 | +51.7% |
| Trade debts | 44 | €71,214 | €97,555 | +€26,341 | +37.0% |
| Suppliers | 440/4 | €71,214 | €97,555 | +€26,341 | +37.0% |
| Taxes, remuneration and social security | 45 | €5,704 | €4,947 | -€757 | -13.3% |
| Taxes | 450/3 | €5,704 | €4,947 | -€757 | -13.3% |
| Other amounts payable | 47/48 | €233,386 | €368,174 | +€134,788 | +57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,001 | +€7,001 | |
| Other operating charges | 640/8 | €1,117 | €837 | -€281 | -25.1% |
| Gross operating margin | 9900 | -€1,659 | €5,399 | +€7,058 | |
| Operating profit (loss) | 9901 | -€2,776 | -€2,439 | +€337 | +12.1% |
| Financial charges | 65/66B | €73 | €106 | +€33 | +44.5% |
| Recurring financial charges | 65 | €73 | €106 | +€33 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,849 | -€2,544 | +€305 | +10.7% |
| Income taxes | 67/77 | €198 | €178 | -€19 | -9.8% |
| Profit (loss) for the period | 9904 | -€3,047 | -€2,723 | +€324 | +10.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,047 | -€2,723 | +€324 | +10.6% |
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 30 October 2026 via checked.be.