THE DATA FOREST: 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 DATA FOREST
Largest movements
- Receivables within one year +€42,464
up €42,464 (+28.6%), from €148,452 to €190,916
of which Trade receivables: +€23,101
- Deferred charges and accrued income +€8,762
up €8,762 (+25.8%), from €33,968 to €42,730
- Tangible fixed assets +€7,918
up €7,918 (+169%), from €4,691 to €12,609
- Cash +€6,771
up €6,771 (+5.3%), from €128,872 to €135,643
mainly Debts after one year (+€172,624) and Tax, wage and social debts (+€120,502)
- Profit (loss) carried forward -€337,028
down €337,028, from €206,924 to -€130,104
- Debts after one year +€172,624
up €172,624 (+6,317%), from €2,733 to €175,357
of which Other amounts payable: +€175,357
- Tax, wage and social debts +€120,502
up €120,502 (+180%), from €66,880 to €187,382
of which Remuneration and social security: +€62,496
- Short-term financial debts +€53,446
up €53,446 (+1,329%), from €4,023 to €57,469
- Trade debts +€33,438
up €33,438 (+110%), from €30,394 to €63,832
- Staff costs +€193,162
up €193,162 (+96.2%), from €200,803 to €393,965
- Gross operating margin -€94,639
down €94,639 (-23.9%), from €395,153 to €300,514
- Taxes -€31,559
down €31,559 (-97.5%), from €32,378 to €819
- Other operating charges +€21,278
up €21,278 (+799%), from €2,662 to €23,940
- Financial charges +€8,511
up €8,511 (+426%), from €1,996 to €10,507
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 | €315,983 | €381,898 | +€65,915 | +20.9% |
| Fixed assets | 21/28 | €4,691 | €12,609 | +€7,918 | +169% |
| Tangible fixed assets | 22/27 | €4,691 | €12,609 | +€7,918 | +169% |
| Furniture and vehicles | 24 | €4,691 | €12,609 | +€7,918 | +169% |
| Current assets | 29/58 | €311,292 | €369,289 | +€57,997 | +18.6% |
| Amounts receivable within one year | 40/41 | €148,452 | €190,916 | +€42,464 | +28.6% |
| Trade receivables | 40 | €148,452 | €171,553 | +€23,101 | +15.6% |
| Other amounts receivable | 41 | - | €19,363 | +€19,363 | |
| Cash at bank and in hand | 54/58 | €128,872 | €135,643 | +€6,771 | +5.3% |
| Deferred charges and accrued income | 490/1 | €33,968 | €42,730 | +€8,762 | +25.8% |
| Total equity and liabilities | 10/49 | €315,983 | €381,898 | +€65,915 | +20.9% |
| Equity | 10/15 | €210,924 | -€126,104 | -€337,028 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €206,924 | -€130,104 | -€337,028 | |
| Amounts payable | 17/49 | €105,059 | €508,002 | +€402,943 | +384% |
| Amounts payable after more than one year | 17 | €2,733 | €175,357 | +€172,624 | +6,317% |
| Financial debts | 170/4 | €2,733 | €0 | -€2,733 | -100% |
| Other amounts payable | 178/9 | - | €175,357 | +€175,357 | |
| Amounts payable within one year | 42/48 | €102,326 | €323,645 | +€221,319 | +216% |
| Financial debts | 43 | €4,023 | €57,469 | +€53,446 | +1,329% |
| Credit institutions | 430/8 | €4,023 | €57,469 | +€53,446 | +1,329% |
| Trade debts | 44 | €30,394 | €63,832 | +€33,438 | +110% |
| Suppliers | 440/4 | €30,394 | €63,832 | +€33,438 | +110% |
| Taxes, remuneration and social security | 45 | €66,880 | €187,382 | +€120,502 | +180% |
| Taxes | 450/3 | €37,592 | €95,598 | +€58,007 | +154% |
| Remuneration and social security | 454/9 | €29,288 | €91,783 | +€62,496 | +213% |
| Other amounts payable | 47/48 | €1,031 | €14,962 | +€13,932 | +1,352% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Remuneration, social security and pensions | 62 | €200,803 | €393,965 | +€193,162 | +96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €708 | €2,030 | +€1,322 | +187% |
| Other operating charges | 640/8 | €2,662 | €23,940 | +€21,278 | +799% |
| Gross operating margin | 9900 | €395,153 | €300,514 | -€94,639 | -23.9% |
| Operating profit (loss) | 9901 | €190,980 | -€119,421 | -€310,401 | |
| Financial income | 75/76B | €8 | €643 | +€635 | +7,530% |
| Recurring financial income | 75 | €8 | €643 | +€635 | +7,530% |
| Financial charges | 65/66B | €1,996 | €10,507 | +€8,511 | +426% |
| Recurring financial charges | 65 | €1,996 | €10,507 | +€8,511 | +426% |
| Profit (loss) for the period before taxes | 9903 | €188,992 | -€129,285 | -€318,277 | |
| Income taxes | 67/77 | €32,378 | €819 | -€31,559 | -97.5% |
| Profit (loss) for the period | 9904 | €156,614 | -€130,104 | -€286,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €156,614 | -€130,104 | -€286,718 |
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 14 October 2026 via checked.be.