THE LIMITS: 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 LIMITS
Largest movements
- Cash +€60,900
up €60,900 (+12,209%), from €499 to €61,399
mainly Receivables within one year (+€51,966) and Net result for the year (+€28,950)
- Receivables within one year -€51,966
down €51,966 (-95.9%), from €54,170 to €2,204
of which Trade receivables: -€51,494
- Tangible fixed assets +€1,393
new in 2025: €1,393
- Profit (loss) carried forward +€28,950
up €28,950 (+18.7%), from -€155,176 to -€126,226
- Advances received -€22,260
no longer reported in 2025 (was €22,260)
- Other debts +€15,000
up €15,000 (+16.3%), from €92,131 to €107,131
- Trade debts -€12,769
down €12,769 (-29.5%), from €43,236 to €30,467
- Tax, wage and social debts +€1,544
new in 2025: €1,544
- Financial income -€32,757
no longer reported in 2025 (was €32,757)
of which Financial income: -€32,757
- Gross operating margin -€5,686
down €5,686 (-15.9%), from €35,727 to €30,041
- Taxes -€881
new in 2025: -€881
- Other operating charges +€724
up €724 (+90.9%), from €797 to €1,521
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 | €54,669 | €65,134 | +€10,465 | +19.1% |
| Fixed assets | 21/28 | - | €1,393 | +€1,393 | |
| Tangible fixed assets | 22/27 | - | €1,393 | +€1,393 | |
| Furniture and vehicles | 24 | - | €1,393 | +€1,393 | |
| Current assets | 29/58 | €54,669 | €63,740 | +€9,071 | +16.6% |
| Stocks and contracts in progress | 3 | - | €138 | +€138 | |
| Stocks | 30/36 | - | €138 | +€138 | |
| Amounts receivable within one year | 40/41 | €54,170 | €2,204 | -€51,966 | -95.9% |
| Trade receivables | 40 | €53,698 | €2,204 | -€51,494 | -95.9% |
| Other amounts receivable | 41 | €472 | - | -€472 | |
| Cash at bank and in hand | 54/58 | €499 | €61,399 | +€60,900 | +12,209% |
| Total equity and liabilities | 10/49 | €54,669 | €65,134 | +€10,465 | +19.1% |
| Equity | 10/15 | -€110,176 | -€81,226 | +€28,950 | +26.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€155,176 | -€126,226 | +€28,950 | +18.7% |
| Amounts payable | 17/49 | €164,845 | €146,360 | -€18,485 | -11.2% |
| Amounts payable after more than one year | 17 | €7,218 | €7,218 | = | 0.0% |
| Financial debts | 170/4 | €7,218 | €7,218 | = | 0.0% |
| Amounts payable within one year | 42/48 | €157,627 | €139,142 | -€18,485 | -11.7% |
| Trade debts | 44 | €43,236 | €30,467 | -€12,769 | -29.5% |
| Suppliers | 440/4 | €43,236 | €30,467 | -€12,769 | -29.5% |
| Advances received on contracts in progress | 46 | €22,260 | - | -€22,260 | |
| Taxes, remuneration and social security | 45 | - | €1,544 | +€1,544 | |
| Taxes | 450/3 | - | €1,544 | +€1,544 | |
| Other amounts payable | 47/48 | €92,131 | €107,131 | +€15,000 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €148 | +€148 | |
| Other operating charges | 640/8 | €797 | €1,521 | +€724 | +90.9% |
| Gross operating margin | 9900 | €35,727 | €30,041 | -€5,686 | -15.9% |
| Operating profit (loss) | 9901 | €34,930 | €28,372 | -€6,558 | -18.8% |
| Financial income | 75/76B | €32,757 | - | -€32,757 | |
| Recurring financial income | 75 | €32,757 | - | -€32,757 | |
| Non-recurring financial income | 76B | €32,757 | - | -€32,757 | |
| Financial charges | 65/66B | €348 | €303 | -€44 | -12.8% |
| Recurring financial charges | 65 | €348 | €303 | -€44 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €67,339 | €28,068 | -€39,271 | -58.3% |
| Income taxes | 67/77 | - | -€881 | -€881 | |
| Profit (loss) for the period | 9904 | €67,339 | €28,950 | -€38,389 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,339 | €28,950 | -€38,389 | -57.0% |
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 13 October 2026 via checked.be.