TaxPulse: 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.
TaxPulse
Largest movements
- Cash +€219,494
up €219,494 (+777%), from €28,251 to €247,745
mainly Depreciation (+€195,457) and Net result for the year (+€82,366)
- Intangible fixed assets -€180,000
down €180,000 (-23.5%), from €765,000 to €585,000
- Current investments -€70,000
down €70,000 (-70.0%), from €100,000 to €30,000
- Receivables within one year +€24,205
up €24,205 (+13.3%), from €182,356 to €206,561
of which Other amounts receivable: +€22,182
- Tangible fixed assets -€15,457
down €15,457 (-23.2%), from €66,711 to €51,254
of which Other tangible fixed assets: -€13,711
- Debts after one year -€190,948
down €190,948 (-26.8%), from €711,589 to €520,641
- Reserves +€80,000
up €80,000 (+82.6%), from €96,860 to €176,860
of which Distributable reserves: +€81,860
- Current portion of long-term debt +€73,959
up €73,959 (+63.2%), from €116,989 to €190,948
- Trade debts +€13,391
up €13,391 (+30.3%), from €44,248 to €57,638
- Gross operating margin +€109,625
up €109,625 (+25.1%), from €436,673 to €546,298
- Staff costs +€72,736
up €72,736 (+53.8%), from €135,073 to €207,810
- Depreciation +€44,437
up €44,437 (+29.4%), from €151,020 to €195,457
- Other operating charges -€17,954
down €17,954 (-86.6%), from €20,731 to €2,778
- Financial income +€5,819
up €5,819 (+878%), from €662 to €6,482
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 | €1,144,710 | €1,125,088 | -€19,622 | -1.7% |
| Fixed assets | 21/28 | €831,711 | €636,254 | -€195,457 | -23.5% |
| Intangible fixed assets | 21 | €765,000 | €585,000 | -€180,000 | -23.5% |
| Tangible fixed assets | 22/27 | €66,711 | €51,254 | -€15,457 | -23.2% |
| Furniture and vehicles | 24 | €2,713 | €967 | -€1,746 | -64.4% |
| Other tangible fixed assets | 26 | €63,998 | €50,287 | -€13,711 | -21.4% |
| Current assets | 29/58 | €313,000 | €488,834 | +€175,835 | +56.2% |
| Amounts receivable within one year | 40/41 | €182,356 | €206,561 | +€24,205 | +13.3% |
| Trade receivables | 40 | €179,719 | €181,742 | +€2,023 | +1.1% |
| Other amounts receivable | 41 | €2,637 | €24,819 | +€22,182 | +841% |
| Current investments | 50/53 | €100,000 | €30,000 | -€70,000 | -70.0% |
| Cash at bank and in hand | 54/58 | €28,251 | €247,745 | +€219,494 | +777% |
| Deferred charges and accrued income | 490/1 | €2,392 | €4,528 | +€2,136 | +89.3% |
| Total equity and liabilities | 10/49 | €1,144,710 | €1,125,088 | -€19,622 | -1.7% |
| Equity | 10/15 | €199,213 | €281,580 | +€82,366 | +41.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,860 | €176,860 | +€80,000 | +82.6% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €95,000 | €176,860 | +€81,860 | +86.2% |
| Profit (loss) carried forward | 14 | €83,753 | €86,120 | +€2,366 | +2.8% |
| Amounts payable | 17/49 | €945,497 | €843,508 | -€101,989 | -10.8% |
| Amounts payable after more than one year | 17 | €711,589 | €520,641 | -€190,948 | -26.8% |
| Financial debts | 170/4 | €711,589 | €520,641 | -€190,948 | -26.8% |
| Amounts payable within one year | 42/48 | €225,014 | €320,252 | +€95,238 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €116,989 | €190,948 | +€73,959 | +63.2% |
| Trade debts | 44 | €44,248 | €57,638 | +€13,391 | +30.3% |
| Suppliers | 440/4 | €44,248 | €57,638 | +€13,391 | +30.3% |
| Taxes, remuneration and social security | 45 | €54,220 | €64,979 | +€10,759 | +19.8% |
| Taxes | 450/3 | €40,680 | €42,146 | +€1,466 | +3.6% |
| Remuneration and social security | 454/9 | €13,539 | €22,833 | +€9,293 | +68.6% |
| Other amounts payable | 47/48 | €9,557 | €6,687 | -€2,871 | -30.0% |
| Accrued charges and deferred income | 492/3 | €8,894 | €2,615 | -€6,279 | -70.6% |
| Non-recurring operating income | 76A | - | €55,618 | +€55,618 | |
| Remuneration, social security and pensions | 62 | €135,073 | €207,810 | +€72,736 | +53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,020 | €195,457 | +€44,437 | +29.4% |
| Other operating charges | 640/8 | €20,731 | €2,778 | -€17,954 | -86.6% |
| Gross operating margin | 9900 | €436,673 | €546,298 | +€109,625 | +25.1% |
| Operating profit (loss) | 9901 | €129,848 | €140,253 | +€10,405 | +8.0% |
| Financial income | 75/76B | €662 | €6,482 | +€5,819 | +878% |
| Recurring financial income | 75 | €662 | €6,482 | +€5,819 | +878% |
| Financial charges | 65/66B | €26,787 | €27,267 | +€480 | +1.8% |
| Recurring financial charges | 65 | €26,787 | €27,267 | +€480 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €103,724 | €119,468 | +€15,744 | +15.2% |
| Income taxes | 67/77 | €31,757 | €37,101 | +€5,344 | +16.8% |
| Profit (loss) for the period | 9904 | €71,966 | €82,366 | +€10,400 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €71,966 | €82,366 | +€10,400 | +14.5% |
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 13 October 2026 via checked.be.