TAX FOCUS: 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.
TAX FOCUS
Largest movements
- Cash +€12,183
up €12,183 (+247%), from €4,941 to €17,125
mainly Net result for the year (+€12,228) and Tax, wage and social debts (+€5,488)
- Tangible fixed assets -€1,147
down €1,147 (-22.2%), from €5,155 to €4,008
- Receivables within one year +€649
up €649 (+2.3%), from €28,352 to €29,001
of which Other amounts receivable: +€2,078
- Profit (loss) carried forward +€12,228
up €12,228 (+139%), from €8,817 to €21,045
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts +€5,488
up €5,488 (+69.4%), from €7,911 to €13,398
- Trade debts +€3,970
up €3,970 (+43.1%), from €9,220 to €13,190
- Gross operating margin -€3,757
down €3,757 (-15.8%), from €23,794 to €20,037
- Financial charges +€1,303
up €1,303 (+142%), from €920 to €2,222
- Taxes +€1,054
up €1,054 (+35.3%), from €2,987 to €4,041
- Depreciation +€569
up €569 (+98.4%), from €578 to €1,147
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 | €38,448 | €50,133 | +€11,686 | +30.4% |
| Fixed assets | 21/28 | €5,155 | €4,008 | -€1,147 | -22.2% |
| Tangible fixed assets | 22/27 | €5,155 | €4,008 | -€1,147 | -22.2% |
| Leasing and similar rights | 25 | €5,155 | €4,008 | -€1,147 | -22.2% |
| Current assets | 29/58 | €33,293 | €46,125 | +€12,832 | +38.5% |
| Amounts receivable within one year | 40/41 | €28,352 | €29,001 | +€649 | +2.3% |
| Trade receivables | 40 | €7,190 | €5,761 | -€1,429 | -19.9% |
| Other amounts receivable | 41 | €21,161 | €23,240 | +€2,078 | +9.8% |
| Cash at bank and in hand | 54/58 | €4,941 | €17,125 | +€12,183 | +247% |
| Total equity and liabilities | 10/49 | €38,448 | €50,133 | +€11,686 | +30.4% |
| Equity | 10/15 | €11,317 | €23,545 | +€12,228 | +108% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,817 | €21,045 | +€12,228 | +139% |
| Amounts payable | 17/49 | €27,131 | €26,588 | -€542 | -2.0% |
| Amounts payable within one year | 42/48 | €27,131 | €26,588 | -€542 | -2.0% |
| Trade debts | 44 | €9,220 | €13,190 | +€3,970 | +43.1% |
| Suppliers | 440/4 | €9,220 | €13,190 | +€3,970 | +43.1% |
| Taxes, remuneration and social security | 45 | €7,911 | €13,398 | +€5,488 | +69.4% |
| Taxes | 450/3 | €7,911 | €13,398 | +€5,488 | +69.4% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €93 | - | -€93 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €578 | €1,147 | +€569 | +98.4% |
| Other operating charges | 640/8 | €1,498 | €1,408 | -€90 | -6.0% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €23,794 | €20,037 | -€3,757 | -15.8% |
| Operating profit (loss) | 9901 | €21,626 | €17,424 | -€4,201 | -19.4% |
| Financial income | 75/76B | €1,098 | €1,068 | -€30 | -2.7% |
| Recurring financial income | 75 | €1,098 | €1,068 | -€30 | -2.7% |
| Financial charges | 65/66B | €920 | €2,222 | +€1,303 | +142% |
| Recurring financial charges | 65 | €920 | €2,222 | +€1,303 | +142% |
| Profit (loss) for the period before taxes | 9903 | €21,804 | €16,270 | -€5,534 | -25.4% |
| Income taxes | 67/77 | €2,987 | €4,041 | +€1,054 | +35.3% |
| Profit (loss) for the period | 9904 | €18,817 | €12,228 | -€6,588 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,817 | €12,228 | -€6,588 | -35.0% |
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 23 October 2026 via checked.be.