THE SOLUTION BOX: 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 SOLUTION BOX
Largest movements
- Tangible fixed assets +€22,253
up €22,253 (+365%), from €6,093 to €28,346
of which Plant, machinery and equipment: +€12,118
- Receivables within one year +€16,864
up €16,864 (+59.3%), from €28,417 to €45,281
of which Other amounts receivable: +€17,516
- Cash -€15,802
down €15,802 (-60.7%), from €26,040 to €10,239
mainly Investment in fixed assets (net) (-€27,031) and Receivables within one year (-€16,864)
- Profit (loss) carried forward +€14,092
up €14,092 (+27.1%), from €51,963 to €66,055
- Tax, wage and social debts +€10,437
up €10,437 (+280%), from €3,725 to €14,162
- Current portion of long-term debt -€985
no longer reported in 2025 (was €985)
- Trade debts -€970
down €970 (-20.1%), from €4,833 to €3,863
- Gross operating margin +€19,191
up €19,191 (+281%), from €6,819 to €26,010
- Taxes +€4,411
up €4,411 (+280%), from €1,576 to €5,987
- Depreciation +€3,154
up €3,154 (+194%), from €1,625 to €4,778
- Financial income +€616
up €616 (+44.8%), from €1,376 to €1,992
- Other operating charges +€390
up €390 (+18.7%), from €2,084 to €2,474
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 | €61,507 | €84,081 | +€22,574 | +36.7% |
| Fixed assets | 21/28 | €6,093 | €28,346 | +€22,253 | +365% |
| Tangible fixed assets | 22/27 | €6,093 | €28,346 | +€22,253 | +365% |
| Plant, machinery and equipment | 23 | €3,166 | €15,285 | +€12,118 | +383% |
| Furniture and vehicles | 24 | €2,927 | €13,062 | +€10,135 | +346% |
| Current assets | 29/58 | €55,414 | €55,735 | +€321 | +0.6% |
| Amounts receivable within one year | 40/41 | €28,417 | €45,281 | +€16,864 | +59.3% |
| Trade receivables | 40 | €1,195 | €542 | -€652 | -54.6% |
| Other amounts receivable | 41 | €27,223 | €44,739 | +€17,516 | +64.3% |
| Cash at bank and in hand | 54/58 | €26,040 | €10,239 | -€15,802 | -60.7% |
| Deferred charges and accrued income | 490/1 | €956 | €215 | -€741 | -77.5% |
| Total equity and liabilities | 10/49 | €61,507 | €84,081 | +€22,574 | +36.7% |
| Equity | 10/15 | €51,964 | €66,056 | +€14,092 | +27.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,963 | €66,055 | +€14,092 | +27.1% |
| Amounts payable | 17/49 | €9,543 | €18,026 | +€8,482 | +88.9% |
| Amounts payable within one year | 42/48 | €9,543 | €18,026 | +€8,482 | +88.9% |
| Current portion of amounts payable after more than one year | 42 | €985 | - | -€985 | |
| Trade debts | 44 | €4,833 | €3,863 | -€970 | -20.1% |
| Suppliers | 440/4 | €4,833 | €3,863 | -€970 | -20.1% |
| Taxes, remuneration and social security | 45 | €3,725 | €14,162 | +€10,437 | +280% |
| Taxes | 450/3 | €3,725 | €14,162 | +€10,437 | +280% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,625 | €4,778 | +€3,154 | +194% |
| Other operating charges | 640/8 | €2,084 | €2,474 | +€390 | +18.7% |
| Gross operating margin | 9900 | €6,819 | €26,010 | +€19,191 | +281% |
| Operating profit (loss) | 9901 | €3,110 | €18,758 | +€15,648 | +503% |
| Financial income | 75/76B | €1,376 | €1,992 | +€616 | +44.8% |
| Recurring financial income | 75 | €1,376 | €1,992 | +€616 | +44.8% |
| Financial charges | 65/66B | €418 | €671 | +€253 | +60.5% |
| Recurring financial charges | 65 | €418 | €671 | +€253 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | €4,068 | €20,079 | +€16,011 | +394% |
| Income taxes | 67/77 | €1,576 | €5,987 | +€4,411 | +280% |
| Profit (loss) for the period | 9904 | €2,492 | €14,092 | +€11,600 | +465% |
| Profit (loss) for the period to be appropriated | 9905 | €2,492 | €14,092 | +€11,600 | +465% |
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.