THE EVENT: 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 EVENT
Largest movements
- Receivables within one year +€70,558
up €70,558 (+14,174%), from €498 to €71,055
of which Trade receivables: +€68,628
- Cash -€38,317
down €38,317 (-94.9%), from €40,370 to €2,053
mainly Receivables within one year (-€70,558) and Trade debts (-€2,622)
- Profit (loss) carried forward +€32,127
up €32,127 (+30.3%), from -€106,027 to -€73,901
- Trade debts -€2,622
down €2,622 (-13.7%), from €19,200 to €16,579
- Tax, wage and social debts +€1,328
up €1,328 (+40.7%), from €3,260 to €4,587
- Gross operating margin +€25,284
up €25,284 (+289%), from €8,755 to €34,039
- Other operating charges -€1,054
down €1,054 (-45.8%), from €2,304 to €1,250
- Depreciation -€829
down €829 (-73.7%), from €1,125 to €296
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 | €43,893 | €75,209 | +€31,316 | +71.3% |
| Fixed assets | 21/28 | €642 | €96 | -€546 | -85.1% |
| Tangible fixed assets | 22/27 | €392 | €96 | -€296 | -75.6% |
| Plant, machinery and equipment | 23 | €392 | €96 | -€296 | -75.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100% |
| Current assets | 29/58 | €43,251 | €75,113 | +€31,862 | +73.7% |
| Amounts receivable within one year | 40/41 | €498 | €71,055 | +€70,558 | +14,174% |
| Trade receivables | 40 | €498 | €69,126 | +€68,628 | +13,786% |
| Other amounts receivable | 41 | €0 | €1,929 | +€1,929 | |
| Cash at bank and in hand | 54/58 | €40,370 | €2,053 | -€38,317 | -94.9% |
| Deferred charges and accrued income | 490/1 | €2,384 | €2,005 | -€379 | -15.9% |
| Total equity and liabilities | 10/49 | €43,893 | €75,209 | +€31,316 | +71.3% |
| Equity | 10/15 | €14,973 | €47,099 | +€32,127 | +215% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Capital | 10 | €110,000 | €110,000 | = | 0.0% |
| Issued capital | 100 | €110,000 | €110,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €11,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,000 | €11,000 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,027 | -€73,901 | +€32,127 | +30.3% |
| Amounts payable | 17/49 | €28,921 | €28,109 | -€811 | -2.8% |
| Amounts payable within one year | 42/48 | €25,921 | €25,109 | -€811 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €19,200 | €16,579 | -€2,622 | -13.7% |
| Suppliers | 440/4 | €19,200 | €16,579 | -€2,622 | -13.7% |
| Taxes, remuneration and social security | 45 | €3,260 | €4,587 | +€1,328 | +40.7% |
| Taxes | 450/3 | €3,260 | €4,587 | +€1,328 | +40.7% |
| Other amounts payable | 47/48 | €3,461 | €3,943 | +€482 | +13.9% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | €24,848 | €0 | -€24,848 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,125 | €296 | -€829 | -73.7% |
| Other operating charges | 640/8 | €2,304 | €1,250 | -€1,054 | -45.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €8,755 | €34,039 | +€25,284 | +289% |
| Operating profit (loss) | 9901 | €5,325 | €32,493 | +€27,167 | +510% |
| Financial income | 75/76B | €44 | €0 | -€44 | -100% |
| Recurring financial income | 75 | €44 | €0 | -€44 | -100% |
| Financial charges | 65/66B | €352 | €366 | +€14 | +4.0% |
| Recurring financial charges | 65 | €352 | €366 | +€14 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | €5,018 | €32,127 | +€27,109 | +540% |
| Profit (loss) for the period | 9904 | €5,018 | €32,127 | +€27,109 | +540% |
| Profit (loss) for the period to be appropriated | 9905 | €5,018 | €32,127 | +€27,109 | +540% |
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 15 October 2026 via checked.be.