TAILPAGE: 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.
TAILPAGE
Largest movements
- Cash +€23,819
up €23,819 (+158.9%), from €14,988 to €38,807
mainly Net result for the year (+€20,919) and Receivables within one year (+€16,991)
- Receivables within one year -€16,991
down €16,991 (-39.2%), from €43,321 to €26,329
of which Trade receivables: -€16,953
- Intangible fixed assets -€868
down €868 (-100.0%), from €868 to €0
- Reserves +€20,919
up €20,919 (+76.3%), from €27,423 to €48,343
- Tax, wage and social debts -€9,606
down €9,606 (-47.6%), from €20,192 to €10,586
of which Taxes: -€5,603
- Trade debts -€4,888
down €4,888 (-31.9%), from €15,302 to €10,413
- Staff costs -€36,333
down €36,333 (-40.9%), from €88,906 to €52,573
- Gross operating margin -€23,330
down €23,330 (-22.1%), from €105,457 to €82,127
- Taxes +€4,590
up €4,590 (+171.8%), from €2,671 to €7,261
- Financial charges -€2,936
down €2,936 (-96.2%), from €3,051 to €116
- Depreciation -€2,632
down €2,632 (-75.2%), from €3,500 to €868
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 | €64,637 | €70,399 | +€5,762 | +8.9% |
| Fixed assets | 21/28 | €868 | €0 | -€868 | -100.0% |
| Intangible fixed assets | 21 | €868 | €0 | -€868 | -100.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €63,768 | €70,399 | +€6,630 | +10.4% |
| Amounts receivable within one year | 40/41 | €43,321 | €26,329 | -€16,991 | -39.2% |
| Trade receivables | 40 | €37,936 | €20,983 | -€16,953 | -44.7% |
| Other amounts receivable | 41 | €5,385 | €5,347 | -€38 | -0.7% |
| Cash at bank and in hand | 54/58 | €14,988 | €38,807 | +€23,819 | +158.9% |
| Deferred charges and accrued income | 490/1 | €5,460 | €5,262 | -€197 | -3.6% |
| Total equity and liabilities | 10/49 | €64,637 | €70,399 | +€5,762 | +8.9% |
| Equity | 10/15 | €28,423 | €49,343 | +€20,919 | +73.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,423 | €48,343 | +€20,919 | +76.3% |
| Distributable reserves | 133 | €27,423 | €48,343 | +€20,919 | +76.3% |
| Amounts payable | 17/49 | €36,214 | €21,056 | -€15,158 | -41.9% |
| Amounts payable within one year | 42/48 | €36,214 | €21,056 | -€15,158 | -41.9% |
| Financial debts | 43 | €719 | €55 | -€664 | -92.3% |
| Credit institutions | 430/8 | €719 | €55 | -€664 | -92.3% |
| Trade debts | 44 | €15,302 | €10,413 | -€4,888 | -31.9% |
| Suppliers | 440/4 | €15,302 | €10,413 | -€4,888 | -31.9% |
| Taxes, remuneration and social security | 45 | €20,192 | €10,586 | -€9,606 | -47.6% |
| Taxes | 450/3 | €9,651 | €4,048 | -€5,603 | -58.1% |
| Remuneration and social security | 454/9 | €10,541 | €6,538 | -€4,003 | -38.0% |
| Other amounts payable | 47/48 | €1 | €1 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €88,906 | €52,573 | -€36,333 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €868 | -€2,632 | -75.2% |
| Other operating charges | 640/8 | €1,171 | €694 | -€478 | -40.8% |
| Gross operating margin | 9900 | €105,457 | €82,127 | -€23,330 | -22.1% |
| Operating profit (loss) | 9901 | €11,880 | €27,992 | +€16,111 | +135.6% |
| Financial income | 75/76B | €0 | €305 | +€305 | |
| Recurring financial income | 75 | €0 | €305 | +€305 | |
| Financial charges | 65/66B | €3,051 | €116 | -€2,936 | -96.2% |
| Recurring financial charges | 65 | €3,051 | €116 | -€2,936 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €8,829 | €28,180 | +€19,352 | +219.2% |
| Income taxes | 67/77 | €2,671 | €7,261 | +€4,590 | +171.8% |
| Profit (loss) for the period | 9904 | €6,157 | €20,919 | +€14,762 | +239.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,157 | €20,919 | +€14,762 | +239.7% |
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 2 October 2026 via checked.be.