THE Simplifier: 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 Simplifier
Largest movements
- Current investments +€57,625
up €57,625 (+22.2%), from €260,000 to €317,625
- Cash +€28,172
up €28,172 (+13.1%), from €214,588 to €242,760
mainly Net result for the year (+€77,061) and Deferred charges and accrued income (+€25,500)
- Deferred charges and accrued income -€25,500
down €25,500 (-94.4%), from €27,000 to €1,500
- Reserves +€77,000
up €77,000 (+21.4%), from €359,000 to €436,000
of which Distributable reserves: +€77,000
- Tax, wage and social debts -€26,855
down €26,855 (-55.4%), from €48,505 to €21,650
- Gross operating margin +€18,630
up €18,630 (+20.8%), from €89,674 to €108,303
- Taxes +€4,977
up €4,977 (+19.5%), from €25,522 to €30,499
- Depreciation +€4,160
up €4,160 (+324.4%), from €1,282 to €5,442
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.
Cash bridge derived
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 | €591,474 | €641,169 | +€49,695 | +8.4% |
| Fixed assets | 21/28 | €16,129 | €10,687 | -€5,442 | -33.7% |
| Tangible fixed assets | 22/27 | €15,879 | €10,437 | -€5,442 | -34.3% |
| Plant, machinery and equipment | 23 | €201 | - | -€201 | |
| Furniture and vehicles | 24 | €15,564 | €10,380 | -€5,184 | -33.3% |
| Other tangible fixed assets | 26 | €114 | €57 | -€57 | -50.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €575,345 | €630,483 | +€55,138 | +9.6% |
| Amounts receivable within one year | 40/41 | €73,757 | €68,598 | -€5,159 | -7.0% |
| Trade receivables | 40 | €33,314 | €26,458 | -€6,855 | -20.6% |
| Other amounts receivable | 41 | €40,444 | €42,139 | +€1,696 | +4.2% |
| Current investments | 50/53 | €260,000 | €317,625 | +€57,625 | +22.2% |
| Cash at bank and in hand | 54/58 | €214,588 | €242,760 | +€28,172 | +13.1% |
| Deferred charges and accrued income | 490/1 | €27,000 | €1,500 | -€25,500 | -94.4% |
| Total equity and liabilities | 10/49 | €591,474 | €641,169 | +€49,695 | +8.4% |
| Equity | 10/15 | €541,365 | €618,426 | +€77,061 | +14.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €359,000 | €436,000 | +€77,000 | +21.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,140 | €1,140 | = | 0.0% |
| Distributable reserves | 133 | €356,000 | €433,000 | +€77,000 | +21.6% |
| Profit (loss) carried forward | 14 | €169,965 | €170,026 | +€61 | 0.0% |
| Amounts payable | 17/49 | €50,109 | €22,743 | -€27,366 | -54.6% |
| Amounts payable within one year | 42/48 | €50,109 | €22,743 | -€27,366 | -54.6% |
| Trade debts | 44 | €1,604 | €1,093 | -€511 | -31.8% |
| Suppliers | 440/4 | €1,604 | €1,093 | -€511 | -31.8% |
| Taxes, remuneration and social security | 45 | €48,505 | €21,650 | -€26,855 | -55.4% |
| Taxes | 450/3 | €48,505 | €21,650 | -€26,855 | -55.4% |
| Non-recurring operating income | 76A | €3,060 | - | -€3,060 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,282 | €5,442 | +€4,160 | +324.4% |
| Other operating charges | 640/8 | €566 | €912 | +€346 | +61.0% |
| Gross operating margin | 9900 | €89,674 | €108,303 | +€18,630 | +20.8% |
| Operating profit (loss) | 9901 | €87,825 | €101,949 | +€14,124 | +16.1% |
| Financial income | 75/76B | €4,802 | €5,729 | +€926 | +19.3% |
| Recurring financial income | 75 | €4,802 | €5,729 | +€926 | +19.3% |
| Financial charges | 65/66B | €104 | €118 | +€13 | +12.9% |
| Recurring financial charges | 65 | €104 | €118 | +€13 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €92,523 | €107,560 | +€15,037 | +16.3% |
| Income taxes | 67/77 | €25,522 | €30,499 | +€4,977 | +19.5% |
| Profit (loss) for the period | 9904 | €67,001 | €77,061 | +€10,060 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,001 | €77,061 | +€10,060 | +15.0% |
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 9 October 2026 via checked.be.