THE BRIDGE MAKER: 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.
THE BRIDGE MAKER
Largest movements
- Receivables within one year +€55,091
up €55,091 (+120.1%), from €45,857 to €100,947
of which Other amounts receivable: +€59,203
- Current investments +€25,000
new in 2025: €25,000
- Tangible fixed assets -€22,083
down €22,083 (-23.7%), from €93,264 to €71,181
of which Land and buildings: -€11,463
- Deferred charges and accrued income +€2,523
up €2,523 (+88.3%), from €2,856 to €5,379
- Other debts +€135,123
up €135,123 (+1426.7%), from €9,471 to €144,594
- Profit (loss) carried forward -€92,364
no longer reported in 2025 (was €92,364)
- Tax, wage and social debts +€19,227
up €19,227 (+183.4%), from €10,481 to €29,708
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Debts after one year -€10,625
down €10,625 (-92.1%), from €11,531 to €906
- Gross operating margin +€39,852
up €39,852 (+77.0%), from €51,772 to €91,623
- Taxes +€11,583
up €11,583 (+317.3%), from €3,651 to €15,234
- Financial income +€1,808
new in 2025: €1,808
- Financial charges -€1,186
down €1,186 (-49.3%), from €2,404 to €1,218
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 | €148,487 | €207,876 | +€59,389 | +40.0% |
| Fixed assets | 21/28 | €93,264 | €71,186 | -€22,078 | -23.7% |
| Tangible fixed assets | 22/27 | €93,264 | €71,181 | -€22,083 | -23.7% |
| Land and buildings | 22 | €61,402 | €49,938 | -€11,463 | -18.7% |
| Plant, machinery and equipment | 23 | €25,780 | €17,421 | -€8,359 | -32.4% |
| Furniture and vehicles | 24 | €2,774 | €1,280 | -€1,494 | -53.9% |
| Other tangible fixed assets | 26 | €3,303 | €2,542 | -€761 | -23.0% |
| Assets under construction and advance payments | 27 | €5 | - | -€5 | |
| Financial fixed assets | 28 | - | €5 | +€5 | |
| Current assets | 29/58 | €55,223 | €136,690 | +€81,467 | +147.5% |
| Amounts receivable within one year | 40/41 | €45,857 | €100,947 | +€55,091 | +120.1% |
| Trade receivables | 40 | €29,432 | €25,320 | -€4,112 | -14.0% |
| Other amounts receivable | 41 | €16,425 | €75,627 | +€59,203 | +360.4% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €6,510 | €5,363 | -€1,147 | -17.6% |
| Deferred charges and accrued income | 490/1 | €2,856 | €5,379 | +€2,523 | +88.3% |
| Total equity and liabilities | 10/49 | €148,487 | €207,876 | +€59,389 | +40.0% |
| Equity | 10/15 | €101,184 | €21,220 | -€79,964 | -79.0% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €2,620 | €2,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,620 | - | -€2,620 | |
| Reserves not available under the articles | 1311 | €2,620 | - | -€2,620 | |
| Distributable reserves | 133 | - | €2,620 | +€2,620 | |
| Profit (loss) carried forward | 14 | €92,364 | - | -€92,364 | |
| Amounts payable | 17/49 | €47,303 | €186,656 | +€139,353 | +294.6% |
| Amounts payable after more than one year | 17 | €11,531 | €906 | -€10,625 | -92.1% |
| Financial debts | 170/4 | €11,531 | €906 | -€10,625 | -92.1% |
| Amounts payable within one year | 42/48 | €35,772 | €185,749 | +€149,978 | +419.3% |
| Current portion of amounts payable after more than one year | 42 | €10,171 | €10,625 | +€454 | +4.5% |
| Trade debts | 44 | €5,648 | €823 | -€4,825 | -85.4% |
| Suppliers | 440/4 | €5,648 | €823 | -€4,825 | -85.4% |
| Taxes, remuneration and social security | 45 | €10,481 | €29,708 | +€19,227 | +183.4% |
| Taxes | 450/3 | €10,481 | €29,708 | +€19,227 | +183.4% |
| Other amounts payable | 47/48 | €9,471 | €144,594 | +€135,123 | +1426.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,022 | €22,364 | -€658 | -2.9% |
| Other operating charges | 640/8 | €2,161 | €1,460 | -€701 | -32.4% |
| Non-recurring operating charges | 66A | - | €925 | +€925 | |
| Gross operating margin | 9900 | €51,772 | €91,623 | +€39,852 | +77.0% |
| Operating profit (loss) | 9901 | €26,589 | €66,874 | +€40,285 | +151.5% |
| Financial income | 75/76B | - | €1,808 | +€1,808 | |
| Recurring financial income | 75 | - | €1,808 | +€1,808 | |
| Financial charges | 65/66B | €2,404 | €1,218 | -€1,186 | -49.3% |
| Recurring financial charges | 65 | €2,404 | €1,218 | -€1,186 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €24,184 | €67,464 | +€43,279 | +179.0% |
| Income taxes | 67/77 | €3,651 | €15,234 | +€11,583 | +317.3% |
| Profit (loss) for the period | 9904 | €20,533 | €52,230 | +€31,697 | +154.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,533 | €52,230 | +€31,697 | +154.4% |
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 9 October 2026 via checked.be.