That's Y: 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.
That's Y
Largest movements
- Tangible fixed assets +€9,338
up €9,338 (+20.0%), from €46,598 to €55,936
of which Furniture and vehicles: +€11,020
- Receivables within one year +€7,677
up €7,677 (+28.5%), from €26,916 to €34,593
of which Trade receivables: +€16,940
- Cash -€5,795
down €5,795 (-4.4%), from €132,403 to €126,608
mainly Investment in fixed assets (net) (-€25,374) and Receivables within one year (-€7,677)
- Reserves +€17,969
up €17,969 (+11.5%), from €155,859 to €173,828
- Debts after one year -€5,952
down €5,952 (-59.4%), from €10,014 to €4,062
- Gross operating margin +€12,363
up €12,363 (+34.1%), from €36,288 to €48,651
- Depreciation +€10,087
up €10,087 (+170%), from €5,949 to €16,036
- Other operating charges +€1,087
up €1,087 (+147%), from €740 to €1,827
- Financial charges -€943
down €943 (-40.9%), from €2,307 to €1,364
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 | €207,524 | €219,387 | +€11,863 | +5.7% |
| Fixed assets | 21/28 | €46,598 | €55,936 | +€9,338 | +20.0% |
| Tangible fixed assets | 22/27 | €46,598 | €55,936 | +€9,338 | +20.0% |
| Plant, machinery and equipment | 23 | €2,485 | €2,068 | -€417 | -16.8% |
| Furniture and vehicles | 24 | €34,304 | €45,324 | +€11,020 | +32.1% |
| Other tangible fixed assets | 26 | €9,809 | €8,544 | -€1,265 | -12.9% |
| Current assets | 29/58 | €160,926 | €163,451 | +€2,525 | +1.6% |
| Amounts receivable within one year | 40/41 | €26,916 | €34,593 | +€7,677 | +28.5% |
| Trade receivables | 40 | €16,940 | €33,880 | +€16,940 | +100% |
| Other amounts receivable | 41 | €9,976 | €713 | -€9,263 | -92.9% |
| Cash at bank and in hand | 54/58 | €132,403 | €126,608 | -€5,795 | -4.4% |
| Deferred charges and accrued income | 490/1 | €1,607 | €2,250 | +€643 | +40.0% |
| Total equity and liabilities | 10/49 | €207,524 | €219,387 | +€11,863 | +5.7% |
| Equity | 10/15 | €160,859 | €178,828 | +€17,969 | +11.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €155,859 | €173,828 | +€17,969 | +11.5% |
| Distributable reserves | 133 | €155,859 | €173,828 | +€17,969 | +11.5% |
| Amounts payable | 17/49 | €46,665 | €40,559 | -€6,106 | -13.1% |
| Amounts payable after more than one year | 17 | €10,014 | €4,062 | -€5,952 | -59.4% |
| Financial debts | 170/4 | €10,014 | €4,062 | -€5,952 | -59.4% |
| Amounts payable within one year | 42/48 | €36,651 | €36,497 | -€154 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €5,785 | €5,952 | +€167 | +2.9% |
| Trade debts | 44 | €3,418 | €4,077 | +€659 | +19.3% |
| Suppliers | 440/4 | €3,418 | €4,077 | +€659 | +19.3% |
| Taxes, remuneration and social security | 45 | €11,074 | €11,706 | +€632 | +5.7% |
| Taxes | 450/3 | €7,989 | €8,587 | +€598 | +7.5% |
| Remuneration and social security | 454/9 | €3,085 | €3,119 | +€34 | +1.1% |
| Other amounts payable | 47/48 | €16,374 | €14,762 | -€1,612 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,949 | €16,036 | +€10,087 | +170% |
| Other operating charges | 640/8 | €740 | €1,827 | +€1,087 | +147% |
| Non-recurring operating charges | 66A | - | €1,525 | +€1,525 | |
| Gross operating margin | 9900 | €36,288 | €48,651 | +€12,363 | +34.1% |
| Operating profit (loss) | 9901 | €29,599 | €29,263 | -€336 | -1.1% |
| Financial income | 75/76B | €10 | €10 | = | 0.0% |
| Recurring financial income | 75 | €10 | €10 | = | 0.0% |
| Financial charges | 65/66B | €2,307 | €1,364 | -€943 | -40.9% |
| Recurring financial charges | 65 | €2,307 | €1,364 | -€943 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €27,302 | €27,909 | +€607 | +2.2% |
| Income taxes | 67/77 | €8,194 | €8,274 | +€80 | +1.0% |
| Profit (loss) for the period | 9904 | €19,108 | €19,635 | +€527 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,108 | €19,635 | +€527 | +2.8% |
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 29 October 2026 via checked.be.