THE FOUNDERS: 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 FOUNDERS
Largest movements
- Cash +€16,294
up €16,294 (+32.2%), from €50,628 to €66,923
mainly Net result for the year (+€14,564) and Other debts (+€9,236)
- Receivables within one year -€1,978
down €1,978 (-6.7%), from €29,664 to €27,686
of which Other amounts receivable: -€5,640
- Other debts +€9,236
up €9,236 (+677%), from €1,364 to €10,600
- Reserves +€3,018
up €3,018 (+5.2%), from €57,766 to €60,784
- Gross operating margin -€4,672
down €4,672 (-16.9%), from €27,634 to €22,962
- Taxes -€1,257
down €1,257 (-17.8%), from €7,042 to €5,785
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 | €85,737 | €98,836 | +€13,100 | +15.3% |
| Fixed assets | 21/28 | €5,076 | €4,212 | -€864 | -17.0% |
| Tangible fixed assets | 22/27 | €5,076 | €4,212 | -€864 | -17.0% |
| Furniture and vehicles | 24 | €5,076 | €4,212 | -€864 | -17.0% |
| Current assets | 29/58 | €80,661 | €94,624 | +€13,964 | +17.3% |
| Amounts receivable within one year | 40/41 | €29,664 | €27,686 | -€1,978 | -6.7% |
| Trade receivables | 40 | €22,245 | €25,906 | +€3,661 | +16.5% |
| Other amounts receivable | 41 | €7,419 | €1,779 | -€5,640 | -76.0% |
| Cash at bank and in hand | 54/58 | €50,628 | €66,923 | +€16,294 | +32.2% |
| Deferred charges and accrued income | 490/1 | €369 | €16 | -€353 | -95.6% |
| Total equity and liabilities | 10/49 | €85,737 | €98,836 | +€13,100 | +15.3% |
| Equity | 10/15 | €76,366 | €79,384 | +€3,018 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €57,766 | €60,784 | +€3,018 | +5.2% |
| Distributable reserves | 133 | €57,766 | €60,784 | +€3,018 | +5.2% |
| Amounts payable | 17/49 | €9,371 | €19,452 | +€10,081 | +108% |
| Amounts payable within one year | 42/48 | €9,371 | €19,452 | +€10,081 | +108% |
| Trade debts | 44 | €230 | €641 | +€411 | +179% |
| Suppliers | 440/4 | €230 | €641 | +€411 | +179% |
| Taxes, remuneration and social security | 45 | €7,777 | €8,211 | +€433 | +5.6% |
| Taxes | 450/3 | €7,777 | €8,211 | +€433 | +5.6% |
| Other amounts payable | 47/48 | €1,364 | €10,600 | +€9,236 | +677% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,537 | €1,589 | +€51 | +3.3% |
| Other operating charges | 640/8 | €715 | €737 | +€23 | +3.2% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | €27,634 | €22,962 | -€4,672 | -16.9% |
| Operating profit (loss) | 9901 | €25,318 | €20,636 | -€4,683 | -18.5% |
| Financial income | 75/76B | €101 | €212 | +€111 | +109% |
| Recurring financial income | 75 | €101 | €212 | +€111 | +109% |
| Financial charges | 65/66B | €389 | €499 | +€110 | +28.3% |
| Recurring financial charges | 65 | €389 | €499 | +€110 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €25,031 | €20,349 | -€4,682 | -18.7% |
| Income taxes | 67/77 | €7,042 | €5,785 | -€1,257 | -17.8% |
| Profit (loss) for the period | 9904 | €17,989 | €14,564 | -€3,425 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,989 | €14,564 | -€3,425 | -19.0% |
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 24 October 2026 via checked.be.