THE COLLECTION: 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 COLLECTION
Largest movements
- Receivables within one year +€50,701
up €50,701 (+20.5%), from €247,721 to €298,422
of which Trade receivables: +€36,946
- Other debts +€68,410
up €68,410 (+36.9%), from €185,633 to €254,043
- Tax, wage and social debts -€21,580
down €21,580 (-100%), from €21,580 to €0
- Trade debts +€9,902
up €9,902 (+37.4%), from €26,482 to €36,384
- Profit (loss) carried forward -€7,873
down €7,873 (-217%), from -€3,636 to -€11,510
- Financial charges -€1,941
down €1,941 (-91.7%), from €2,117 to €175
- Gross operating margin -€950
down €950 (-14.9%), from -€6,378 to -€7,328
- Other operating charges +€337
up €337 (+87.1%), from €387 to €725
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 | €250,059 | €298,918 | +€48,859 | +19.5% |
| Current assets | 29/58 | €250,059 | €298,918 | +€48,859 | +19.5% |
| Amounts receivable within one year | 40/41 | €247,721 | €298,422 | +€50,701 | +20.5% |
| Trade receivables | 40 | €236,705 | €273,651 | +€36,946 | +15.6% |
| Other amounts receivable | 41 | €11,016 | €24,771 | +€13,755 | +125% |
| Cash at bank and in hand | 54/58 | €2,049 | €474 | -€1,576 | -76.9% |
| Deferred charges and accrued income | 490/1 | €289 | €22 | -€267 | -92.4% |
| Total equity and liabilities | 10/49 | €250,059 | €298,918 | +€48,859 | +19.5% |
| Equity | 10/15 | €16,364 | €8,490 | -€7,873 | -48.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,636 | -€11,510 | -€7,873 | -217% |
| Amounts payable | 17/49 | €233,695 | €290,427 | +€56,732 | +24.3% |
| Amounts payable within one year | 42/48 | €233,695 | €290,427 | +€56,732 | +24.3% |
| Trade debts | 44 | €26,482 | €36,384 | +€9,902 | +37.4% |
| Suppliers | 440/4 | €26,482 | €36,384 | +€9,902 | +37.4% |
| Taxes, remuneration and social security | 45 | €21,580 | €0 | -€21,580 | -100% |
| Taxes | 450/3 | €21,580 | €0 | -€21,580 | -100% |
| Other amounts payable | 47/48 | €185,633 | €254,043 | +€68,410 | +36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €725 | +€337 | +87.1% |
| Gross operating margin | 9900 | -€6,378 | -€7,328 | -€950 | -14.9% |
| Operating profit (loss) | 9901 | -€6,765 | -€8,052 | -€1,287 | -19.0% |
| Financial income | 75/76B | €0 | €29 | +€29 | |
| Recurring financial income | 75 | €0 | €29 | +€29 | |
| Financial charges | 65/66B | €2,117 | €175 | -€1,941 | -91.7% |
| Recurring financial charges | 65 | €2,117 | €175 | -€1,941 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,882 | -€8,198 | +€683 | +7.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,882 | -€8,198 | +€683 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,882 | -€8,198 | +€683 | +7.7% |
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 20 October 2026 via checked.be.