TECHNICALLY THE TRUTH: 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.
TECHNICALLY THE TRUTH
Largest movements
- Cash +€45,290
up €45,290 (+178%), from €25,375 to €70,665
mainly Net result for the year (+€43,750) and Tax, wage and social debts (+€3,480)
- Profit (loss) carried forward +€42,917
up €42,917 (+182%), from €23,573 to €66,489
- Tax, wage and social debts +€3,480
up €3,480 (+55.4%), from €6,279 to €9,758
of which Taxes: +€1,910
- Trade debts -€1,622
down €1,622 (-86.4%), from €1,877 to €254
- Gross operating margin +€24,925
up €24,925 (+78.8%), from €31,635 to €56,560
- Taxes +€5,289
up €5,289 (+75.3%), from €7,026 to €12,315
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 | €36,817 | €82,269 | +€45,452 | +123% |
| Fixed assets | 21/28 | €855 | €579 | -€276 | -32.3% |
| Tangible fixed assets | 22/27 | €855 | €579 | -€276 | -32.3% |
| Furniture and vehicles | 24 | €855 | €579 | -€276 | -32.3% |
| Current assets | 29/58 | €35,962 | €81,690 | +€45,727 | +127% |
| Amounts receivable within one year | 40/41 | €10,588 | €11,025 | +€437 | +4.1% |
| Trade receivables | 40 | €10,588 | €11,025 | +€437 | +4.1% |
| Cash at bank and in hand | 54/58 | €25,375 | €70,665 | +€45,290 | +178% |
| Total equity and liabilities | 10/49 | €36,817 | €82,269 | +€45,452 | +123% |
| Equity | 10/15 | €23,623 | €66,539 | +€42,917 | +182% |
| Contributions | 10/11 | €50 | €50 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,573 | €66,489 | +€42,917 | +182% |
| Amounts payable | 17/49 | €13,194 | €15,729 | +€2,535 | +19.2% |
| Amounts payable within one year | 42/48 | €13,194 | €15,729 | +€2,535 | +19.2% |
| Trade debts | 44 | €1,877 | €254 | -€1,622 | -86.4% |
| Suppliers | 440/4 | €1,877 | €254 | -€1,622 | -86.4% |
| Taxes, remuneration and social security | 45 | €6,279 | €9,758 | +€3,480 | +55.4% |
| Taxes | 450/3 | €6,279 | €8,188 | +€1,910 | +30.4% |
| Remuneration and social security | 454/9 | - | €1,570 | +€1,570 | |
| Other amounts payable | 47/48 | €5,039 | €5,717 | +€678 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157 | €276 | +€119 | +76.0% |
| Other operating charges | 640/8 | - | €69 | +€69 | |
| Gross operating margin | 9900 | €31,635 | €56,560 | +€24,925 | +78.8% |
| Operating profit (loss) | 9901 | €31,478 | €56,215 | +€24,737 | +78.6% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €36 | €151 | +€115 | +321% |
| Recurring financial charges | 65 | €36 | €151 | +€115 | +321% |
| Profit (loss) for the period before taxes | 9903 | €31,458 | €56,065 | +€24,607 | +78.2% |
| Income taxes | 67/77 | €7,026 | €12,315 | +€5,289 | +75.3% |
| Profit (loss) for the period | 9904 | €24,432 | €43,750 | +€19,318 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,432 | €43,750 | +€19,318 | +79.1% |
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 17 October 2026 via checked.be.