Tabelu: what changed
Tabelu
Largest movements
- Intangible fixed assets -€40,000
down €40,000 (-26.8%), from €149,041 to €109,041
- Receivables within one year +€36,964
up €36,964 (+110%), from €33,622 to €70,587
of which Trade receivables: +€41,650
- Tangible fixed assets +€12,003
up €12,003 (+145%), from €8,270 to €20,273
- Deferred charges and accrued income -€2,427
down €2,427 (-84.2%), from €2,884 to €457
- Other debts -€45,000
down €45,000 (-30.0%), from €150,000 to €105,000
- Reserves +€40,464
up €40,464 (+281%), from €14,381 to €54,844
- Tax, wage and social debts +€11,420
up €11,420 (+324%), from €3,520 to €14,940
- Gross operating margin +€24,385
up €24,385 (+34.6%), from €70,493 to €94,878
- Depreciation -€9,105
down €9,105 (-17.6%), from €51,622 to €42,517
- Taxes +€6,433
up €6,433 (+183%), from €3,520 to €9,953
- Financial charges +€1,361
up €1,361 (+741%), from €184 to €1,545
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,992 | €209,330 | +€7,338 | +3.6% |
| Fixed assets | 21/28 | €157,311 | €129,314 | -€27,997 | -17.8% |
| Intangible fixed assets | 21 | €149,041 | €109,041 | -€40,000 | -26.8% |
| Tangible fixed assets | 22/27 | €8,270 | €20,273 | +€12,003 | +145% |
| Plant, machinery and equipment | 23 | €8,270 | €20,273 | +€12,003 | +145% |
| Current assets | 29/58 | €44,680 | €80,015 | +€35,335 | +79.1% |
| Amounts receivable within one year | 40/41 | €33,622 | €70,587 | +€36,964 | +110% |
| Trade receivables | 40 | €28,755 | €70,405 | +€41,650 | +145% |
| Other amounts receivable | 41 | €4,867 | €182 | -€4,686 | -96.3% |
| Cash at bank and in hand | 54/58 | €8,174 | €8,972 | +€798 | +9.8% |
| Deferred charges and accrued income | 490/1 | €2,884 | €457 | -€2,427 | -84.2% |
| Total equity and liabilities | 10/49 | €201,992 | €209,330 | +€7,338 | +3.6% |
| Equity | 10/15 | €44,381 | €84,844 | +€40,464 | +91.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €14,381 | €54,844 | +€40,464 | +281% |
| Distributable reserves | 133 | €14,381 | €54,844 | +€40,464 | +281% |
| Amounts payable | 17/49 | €157,611 | €124,485 | -€33,126 | -21.0% |
| Amounts payable within one year | 42/48 | €157,611 | €124,485 | -€33,126 | -21.0% |
| Trade debts | 44 | €4,091 | €4,545 | +€454 | +11.1% |
| Suppliers | 440/4 | €4,091 | €4,545 | +€454 | +11.1% |
| Taxes, remuneration and social security | 45 | €3,520 | €14,940 | +€11,420 | +324% |
| Taxes | 450/3 | €3,520 | €14,940 | +€11,420 | +324% |
| Other amounts payable | 47/48 | €150,000 | €105,000 | -€45,000 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,622 | €42,517 | -€9,105 | -17.6% |
| Other operating charges | 640/8 | €788 | €400 | -€388 | -49.3% |
| Gross operating margin | 9900 | €70,493 | €94,878 | +€24,385 | +34.6% |
| Operating profit (loss) | 9901 | €18,083 | €51,961 | +€33,878 | +187% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €184 | €1,545 | +€1,361 | +741% |
| Recurring financial charges | 65 | €184 | €1,545 | +€1,361 | +741% |
| Profit (loss) for the period before taxes | 9903 | €17,901 | €50,416 | +€32,516 | +182% |
| Income taxes | 67/77 | €3,520 | €9,953 | +€6,433 | +183% |
| Profit (loss) for the period | 9904 | €14,381 | €40,464 | +€26,083 | +181% |
| Profit (loss) for the period to be appropriated | 9905 | €14,381 | €40,464 | +€26,083 | +181% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.