THE GRID: 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 GRID
Largest movements
- Stocks and contracts +€18,445
new in 2025: €18,445
- Tangible fixed assets -€4,558
down €4,558 (-21.2%), from €21,477 to €16,919
of which Furniture and vehicles: -€3,407
- Cash +€3,046
up €3,046 (+10.6%), from €28,737 to €31,783
mainly Net result for the year (+€33,601) and Depreciation (+€9,182)
- Receivables within one year -€2,896
down €2,896 (-23.7%), from €12,196 to €9,300
of which Other amounts receivable: -€1,956
- Deferred charges and accrued income -€2,741
down €2,741 (-28.2%), from €9,719 to €6,978
- Reserves +€14,576
up €14,576 (+72.7%), from €20,040 to €34,616
of which Distributable reserves: +€14,576
- Trade debts -€9,359
down €9,359 (-93.6%), from €10,000 to €641
- Other debts +€4,694
up €4,694 (+51.4%), from €9,130 to €13,824
- Tax, wage and social debts +€1,280
up €1,280 (+9.1%), from €14,009 to €15,288
- Gross operating margin +€15,429
up €15,429 (+34.2%), from €45,153 to €60,582
- Taxes +€3,540
up €3,540 (+40.5%), from €8,735 to €12,276
- Depreciation -€2,963
down €2,963 (-24.4%), from €12,145 to €9,182
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 | €72,129 | €83,425 | +€11,296 | +15.7% |
| Fixed assets | 21/28 | €21,477 | €16,919 | -€4,558 | -21.2% |
| Tangible fixed assets | 22/27 | €21,477 | €16,919 | -€4,558 | -21.2% |
| Plant, machinery and equipment | 23 | €511 | €353 | -€159 | -31.0% |
| Furniture and vehicles | 24 | €15,229 | €11,822 | -€3,407 | -22.4% |
| Other tangible fixed assets | 26 | €5,737 | €4,745 | -€992 | -17.3% |
| Current assets | 29/58 | €50,652 | €66,506 | +€15,854 | +31.3% |
| Stocks and contracts in progress | 3 | - | €18,445 | +€18,445 | |
| Stocks | 30/36 | - | €18,445 | +€18,445 | |
| Amounts receivable within one year | 40/41 | €12,196 | €9,300 | -€2,896 | -23.7% |
| Trade receivables | 40 | €3,130 | €2,190 | -€940 | -30.0% |
| Other amounts receivable | 41 | €9,066 | €7,110 | -€1,956 | -21.6% |
| Cash at bank and in hand | 54/58 | €28,737 | €31,783 | +€3,046 | +10.6% |
| Deferred charges and accrued income | 490/1 | €9,719 | €6,978 | -€2,741 | -28.2% |
| Total equity and liabilities | 10/49 | €72,129 | €83,425 | +€11,296 | +15.7% |
| Equity | 10/15 | €38,590 | €53,166 | +€14,576 | +37.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €20,040 | €34,616 | +€14,576 | +72.7% |
| Non-distributable reserves | 130/1 | €1,016 | €1,016 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,016 | €1,016 | = | 0.0% |
| Distributable reserves | 133 | €19,024 | €33,601 | +€14,576 | +76.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €33,539 | €30,259 | -€3,280 | -9.8% |
| Amounts payable within one year | 42/48 | €33,139 | €29,753 | -€3,386 | -10.2% |
| Trade debts | 44 | €10,000 | €641 | -€9,359 | -93.6% |
| Suppliers | 440/4 | €10,000 | €641 | -€9,359 | -93.6% |
| Taxes, remuneration and social security | 45 | €14,009 | €15,288 | +€1,280 | +9.1% |
| Taxes | 450/3 | €14,009 | €15,288 | +€1,280 | +9.1% |
| Other amounts payable | 47/48 | €9,130 | €13,824 | +€4,694 | +51.4% |
| Accrued charges and deferred income | 492/3 | €400 | €506 | +€106 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,145 | €9,182 | -€2,963 | -24.4% |
| Other operating charges | 640/8 | €3,713 | €3,495 | -€218 | -5.9% |
| Gross operating margin | 9900 | €45,153 | €60,582 | +€15,429 | +34.2% |
| Operating profit (loss) | 9901 | €29,296 | €47,905 | +€18,610 | +63.5% |
| Financial income | 75/76B | €14 | €26 | +€12 | +87.0% |
| Recurring financial income | 75 | €14 | €26 | +€12 | +87.0% |
| Financial charges | 65/66B | €1,550 | €2,055 | +€505 | +32.6% |
| Recurring financial charges | 65 | €1,550 | €2,055 | +€505 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €27,760 | €45,877 | +€18,117 | +65.3% |
| Income taxes | 67/77 | €8,735 | €12,276 | +€3,540 | +40.5% |
| Profit (loss) for the period | 9904 | €19,024 | €33,601 | +€14,576 | +76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,024 | €33,601 | +€14,576 | +76.6% |
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.