The Basement: what changed
Two fiscal 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.
The Basement
Largest movements
- Cash +€18,615
up €18,615 (+37.8%), from €49,224 to €67,839
mainly Net result for the year (+€32,260) and Trade debts (+€1,825)
- Receivables within one year +€5,733
up €5,733 (+33.8%), from €16,936 to €22,669
- Reserves +€32,260
up €32,260 (+70.6%), from €45,697 to €77,957
- Tax, wage and social debts -€10,445
down €10,445 (-58.3%), from €17,910 to €7,466
of which Remuneration and social security: -€8,550
- Trade debts +€1,825
up €1,825 (+391.7%), from €466 to €2,291
- Gross operating margin +€15,102
up €15,102 (+51.9%), from €29,115 to €44,217
- Taxes +€5,312
up €5,312 (+88.5%), from €6,001 to €11,314
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 | €66,987 | €90,923 | +€23,936 | +35.7% |
| Fixed assets | 21/28 | €826 | €415 | -€411 | -49.8% |
| Tangible fixed assets | 22/27 | €826 | €415 | -€411 | -49.8% |
| Plant, machinery and equipment | 23 | €826 | €415 | -€411 | -49.8% |
| Current assets | 29/58 | €66,160 | €90,508 | +€24,348 | +36.8% |
| Amounts receivable within one year | 40/41 | €16,936 | €22,669 | +€5,733 | +33.8% |
| Trade receivables | 40 | €16,936 | €22,669 | +€5,733 | +33.8% |
| Cash at bank and in hand | 54/58 | €49,224 | €67,839 | +€18,615 | +37.8% |
| Total equity and liabilities | 10/49 | €66,987 | €90,923 | +€23,936 | +35.7% |
| Equity | 10/15 | €47,697 | €79,957 | +€32,260 | +67.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €45,697 | €77,957 | +€32,260 | +70.6% |
| Distributable reserves | 133 | €45,697 | €77,957 | +€32,260 | +70.6% |
| Amounts payable | 17/49 | €19,290 | €10,966 | -€8,324 | -43.2% |
| Amounts payable within one year | 42/48 | €19,290 | €10,966 | -€8,324 | -43.2% |
| Trade debts | 44 | €466 | €2,291 | +€1,825 | +391.7% |
| Suppliers | 440/4 | €466 | €2,291 | +€1,825 | +391.7% |
| Taxes, remuneration and social security | 45 | €17,910 | €7,466 | -€10,445 | -58.3% |
| Taxes | 450/3 | €9,361 | €7,466 | -€1,895 | -20.2% |
| Remuneration and social security | 454/9 | €8,550 | - | -€8,550 | |
| Other amounts payable | 47/48 | €914 | €1,209 | +€296 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €408 | €411 | +€3 | +0.8% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €29,115 | €44,217 | +€15,102 | +51.9% |
| Operating profit (loss) | 9901 | €28,588 | €43,685 | +€15,097 | +52.8% |
| Financial income | 75/76B | €153 | €28 | -€125 | -81.7% |
| Recurring financial income | 75 | €153 | €28 | -€125 | -81.7% |
| Financial charges | 65/66B | €181 | €140 | -€41 | -22.8% |
| Recurring financial charges | 65 | €181 | €140 | -€41 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €28,561 | €43,574 | +€15,013 | +52.6% |
| Income taxes | 67/77 | €6,001 | €11,314 | +€5,312 | +88.5% |
| Profit (loss) for the period | 9904 | €22,560 | €32,260 | +€9,700 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,560 | €32,260 | +€9,700 | +43.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.