TAKE 1: 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.
TAKE 1
Largest movements
- Tangible fixed assets +€21,088
up €21,088 (+5379.6%), from €392 to €21,480
- Cash +€9,088
up €9,088 (+201.9%), from €4,501 to €13,589
mainly Other debts (+€21,331) and Trade debts (+€8,623)
- Other debts +€21,331
up €21,331 (+8.0%), from €268,162 to €289,492
- Trade debts +€8,623
up €8,623 (+656.7%), from €1,313 to €9,936
- Tax, wage and social debts -€2,919
down €2,919 (-45.3%), from €6,449 to €3,530
- Gross operating margin -€6,078
down €6,078 (-49.4%), from €12,309 to €6,231
- Taxes -€3,799
down €3,799 (-85.4%), from €4,446 to €647
- Depreciation +€1,652
up €1,652 (+607.2%), from €272 to €1,924
- Other operating charges +€686
up €686 (+111.0%), from €618 to €1,304
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 | €260,423 | €289,287 | +€28,864 | +11.1% |
| Fixed assets | 21/28 | €1,142 | €22,230 | +€21,088 | +1846.6% |
| Intangible fixed assets | 21 | €750 | €750 | = | 0.0% |
| Tangible fixed assets | 22/27 | €392 | €21,480 | +€21,088 | +5379.6% |
| Furniture and vehicles | 24 | €392 | €21,480 | +€21,088 | +5379.6% |
| Current assets | 29/58 | €259,281 | €267,057 | +€7,777 | +3.0% |
| Amounts receivable within one year | 40/41 | €254,780 | €253,469 | -€1,311 | -0.5% |
| Trade receivables | 40 | €169,070 | €167,235 | -€1,835 | -1.1% |
| Other amounts receivable | 41 | €85,710 | €86,234 | +€524 | +0.6% |
| Cash at bank and in hand | 54/58 | €4,501 | €13,589 | +€9,088 | +201.9% |
| Total equity and liabilities | 10/49 | €260,423 | €289,287 | +€28,864 | +11.1% |
| Equity | 10/15 | -€15,501 | -€13,671 | +€1,830 | +11.8% |
| Contributions | 10/11 | €6,262 | €6,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,763 | -€19,933 | +€1,830 | +8.4% |
| Amounts payable | 17/49 | €275,924 | €302,958 | +€27,034 | +9.8% |
| Amounts payable within one year | 42/48 | €275,924 | €302,958 | +€27,034 | +9.8% |
| Trade debts | 44 | €1,313 | €9,936 | +€8,623 | +656.7% |
| Suppliers | 440/4 | €1,313 | €9,936 | +€8,623 | +656.7% |
| Taxes, remuneration and social security | 45 | €6,449 | €3,530 | -€2,919 | -45.3% |
| Taxes | 450/3 | €6,449 | €3,530 | -€2,919 | -45.3% |
| Other amounts payable | 47/48 | €268,162 | €289,492 | +€21,331 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272 | €1,924 | +€1,652 | +607.2% |
| Other operating charges | 640/8 | €618 | €1,304 | +€686 | +111.0% |
| Gross operating margin | 9900 | €12,309 | €6,231 | -€6,078 | -49.4% |
| Operating profit (loss) | 9901 | €11,419 | €3,003 | -€8,416 | -73.7% |
| Financial charges | 65/66B | €492 | €525 | +€33 | +6.7% |
| Recurring financial charges | 65 | €492 | €525 | +€33 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €10,927 | €2,478 | -€8,449 | -77.3% |
| Income taxes | 67/77 | €4,446 | €647 | -€3,799 | -85.4% |
| Profit (loss) for the period | 9904 | €6,481 | €1,830 | -€4,651 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,481 | €1,830 | -€4,651 | -71.8% |
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.