Theme: 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.
Theme
Largest movements
- Receivables within one year +€8,659
up €8,659 (+84.7%), from €10,220 to €18,879
of which Trade receivables: +€14,399
- Tangible fixed assets -€2,852
down €2,852 (-31.0%), from €9,209 to €6,357
- Other debts +€67,854
up €67,854 (+819.3%), from €8,282 to €76,136
- Reserves -€50,350
down €50,350 (-99.2%), from €50,778 to €428
- Tax, wage and social debts -€9,766
down €9,766 (-69.7%), from €14,016 to €4,250
of which Taxes: -€7,067
- Gross operating margin +€25,884
up €25,884 (+4174785.5%), from €1 to €25,884
- Taxes +€3,954
up €3,954 (+2259.6%), from €175 to €4,129
- Financial charges -€360
down €360 (-14.4%), from €2,499 to €2,139
- Depreciation +€282
up €282 (+11.0%), from €2,570 to €2,852
- Other operating charges +€275
up €275 (+32.8%), from €839 to €1,114
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 | €81,105 | €88,589 | +€7,485 | +9.2% |
| Fixed assets | 21/28 | €9,209 | €6,357 | -€2,852 | -31.0% |
| Tangible fixed assets | 22/27 | €9,209 | €6,357 | -€2,852 | -31.0% |
| Land and buildings | 22 | €776 | €175 | -€602 | -77.5% |
| Plant, machinery and equipment | 23 | €1,066 | €674 | -€392 | -36.8% |
| Furniture and vehicles | 24 | €2,991 | €1,694 | -€1,297 | -43.4% |
| Other tangible fixed assets | 26 | €4,376 | €3,815 | -€561 | -12.8% |
| Current assets | 29/58 | €71,895 | €82,232 | +€10,337 | +14.4% |
| Amounts receivable within one year | 40/41 | €10,220 | €18,879 | +€8,659 | +84.7% |
| Trade receivables | 40 | €0 | €14,399 | +€14,399 | |
| Other amounts receivable | 41 | €10,220 | €4,480 | -€5,740 | -56.2% |
| Cash at bank and in hand | 54/58 | €60,717 | €61,540 | +€823 | +1.4% |
| Deferred charges and accrued income | 490/1 | €959 | €1,813 | +€854 | +89.1% |
| Total equity and liabilities | 10/49 | €81,105 | €88,589 | +€7,485 | +9.2% |
| Equity | 10/15 | €56,978 | €6,628 | -€50,350 | -88.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €50,778 | €428 | -€50,350 | -99.2% |
| Distributable reserves | 133 | €50,778 | €428 | -€50,350 | -99.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,126 | €81,961 | +€57,835 | +239.7% |
| Amounts payable within one year | 42/48 | €24,126 | €81,961 | +€57,835 | +239.7% |
| Trade debts | 44 | €1,828 | €1,575 | -€253 | -13.8% |
| Suppliers | 440/4 | €1,828 | €1,575 | -€253 | -13.8% |
| Taxes, remuneration and social security | 45 | €14,016 | €4,250 | -€9,766 | -69.7% |
| Taxes | 450/3 | €11,317 | €4,250 | -€7,067 | -62.4% |
| Remuneration and social security | 454/9 | €2,699 | €0 | -€2,699 | -100.0% |
| Other amounts payable | 47/48 | €8,282 | €76,136 | +€67,854 | +819.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,570 | €2,852 | +€282 | +11.0% |
| Other operating charges | 640/8 | €839 | €1,114 | +€275 | +32.8% |
| Gross operating margin | 9900 | €1 | €25,884 | +€25,884 | +4174785.5% |
| Operating profit (loss) | 9901 | -€3,409 | €21,918 | +€25,327 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €2,499 | €2,139 | -€360 | -14.4% |
| Recurring financial charges | 65 | €2,499 | €2,139 | -€360 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,902 | €19,779 | +€25,682 | |
| Income taxes | 67/77 | €175 | €4,129 | +€3,954 | +2259.6% |
| Profit (loss) for the period | 9904 | -€6,077 | €15,650 | +€21,727 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,077 | €15,650 | +€21,727 |
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.