TDEVELOPMENT: 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.
TDEVELOPMENT
Largest movements
- Cash +€223,386
up €223,386 (+112.5%), from €198,643 to €422,029
mainly Other debts (+€370,560) and Net result for the year (+€184,121)
- Receivables within one year -€36,808
down €36,808 (-100.0%), from €36,808 to €0
- Tangible fixed assets -€5,784
down €5,784 (-21.3%), from €27,179 to €21,395
of which Other tangible fixed assets: -€3,555
- Other debts +€370,560
up €370,560 (+9171.7%), from €4,040 to €374,600
- Reserves -€184,581
down €184,581 (-100.0%), from €184,581 to €0
- Tax, wage and social debts -€5,325
down €5,325 (-7.7%), from €68,859 to €63,534
of which Taxes: -€5,325
- Gross operating margin +€56,509
up €56,509 (+29.2%), from €193,726 to €250,235
- Taxes +€13,515
up €13,515 (+30.6%), from €44,212 to €57,727
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 | €262,990 | €444,249 | +€181,259 | +68.9% |
| Fixed assets | 21/28 | €27,179 | €21,395 | -€5,784 | -21.3% |
| Tangible fixed assets | 22/27 | €27,179 | €21,395 | -€5,784 | -21.3% |
| Furniture and vehicles | 24 | €6,379 | €4,151 | -€2,229 | -34.9% |
| Other tangible fixed assets | 26 | €20,799 | €17,244 | -€3,555 | -17.1% |
| Current assets | 29/58 | €235,811 | €422,854 | +€187,043 | +79.3% |
| Amounts receivable within one year | 40/41 | €36,808 | €0 | -€36,808 | -100.0% |
| Trade receivables | 40 | €36,808 | €0 | -€36,808 | -100.0% |
| Cash at bank and in hand | 54/58 | €198,643 | €422,029 | +€223,386 | +112.5% |
| Deferred charges and accrued income | 490/1 | €360 | €825 | +€465 | +129.1% |
| Total equity and liabilities | 10/49 | €262,990 | €444,249 | +€181,259 | +68.9% |
| Equity | 10/15 | €189,581 | €5,000 | -€184,581 | -97.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €184,581 | €0 | -€184,581 | -100.0% |
| Distributable reserves | 133 | €184,581 | €0 | -€184,581 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €73,409 | €439,249 | +€365,840 | +498.4% |
| Amounts payable within one year | 42/48 | €73,142 | €438,897 | +€365,755 | +500.1% |
| Trade debts | 44 | €243 | €764 | +€521 | +214.1% |
| Suppliers | 440/4 | €243 | €764 | +€521 | +214.1% |
| Taxes, remuneration and social security | 45 | €68,859 | €63,534 | -€5,325 | -7.7% |
| Taxes | 450/3 | €66,159 | €60,834 | -€5,325 | -8.0% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €4,040 | €374,600 | +€370,560 | +9171.7% |
| Accrued charges and deferred income | 492/3 | €267 | €352 | +€85 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,784 | €5,784 | +€0 | 0.0% |
| Other operating charges | 640/8 | €632 | €677 | +€44 | +7.0% |
| Gross operating margin | 9900 | €193,726 | €250,235 | +€56,509 | +29.2% |
| Operating profit (loss) | 9901 | €187,310 | €243,774 | +€56,465 | +30.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,130 | €1,926 | -€204 | -9.6% |
| Recurring financial charges | 65 | €2,130 | €1,926 | -€204 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €185,179 | €241,849 | +€56,669 | +30.6% |
| Income taxes | 67/77 | €44,212 | €57,727 | +€13,515 | +30.6% |
| Profit (loss) for the period | 9904 | €140,967 | €184,121 | +€43,154 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €140,967 | €184,121 | +€43,154 | +30.6% |
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 11 October 2026 via checked.be.