THERE PUMPING: what changed
Two fiscal 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.
THERE PUMPING
Largest movements
- Cash -€66,512
down €66,512 (-93.9%), from €70,836 to €4,324
mainly Receivables within one year (-€57,995) and Trade debts (-€41,919)
- Receivables within one year +€57,995
up €57,995 (+125.0%), from €46,387 to €104,381
of which Other amounts receivable: +€60,850
- Profit (loss) carried forward +€49,968
up €49,968 (+257.5%), from €19,405 to €69,372
- Trade debts -€41,919
down €41,919 (-88.3%), from €47,457 to €5,538
- Accrued charges and deferred income -€27,523
down €27,523 (-86.8%), from €31,700 to €4,178
- Tax, wage and social debts +€11,729
up €11,729 (+75.1%), from €15,618 to €27,347
of which Taxes: +€12,594
- Gross operating margin +€37,752
up €37,752 (+111.5%), from €33,844 to €71,596
- Taxes +€8,153
up €8,153 (+138.1%), from €5,905 to €14,058
- Other operating charges +€6,672
new in 2025: €6,672
- Staff costs -€4,895
no longer reported in 2025 (was €4,895)
- Financial charges -€2,387
down €2,387 (-95.7%), from €2,495 to €107
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 | €119,179 | €111,434 | -€7,745 | -6.5% |
| Formation expenses | 20 | €277 | - | -€277 | |
| Fixed assets | 21/28 | €1,317 | €1,803 | +€486 | +36.9% |
| Tangible fixed assets | 22/27 | €1,317 | €1,803 | +€486 | +36.9% |
| Furniture and vehicles | 24 | €1,317 | €1,803 | +€486 | +36.9% |
| Current assets | 29/58 | €117,586 | €109,631 | -€7,954 | -6.8% |
| Amounts receivable within one year | 40/41 | €46,387 | €104,381 | +€57,995 | +125.0% |
| Trade receivables | 40 | €46,387 | €43,531 | -€2,855 | -6.2% |
| Other amounts receivable | 41 | - | €60,850 | +€60,850 | |
| Cash at bank and in hand | 54/58 | €70,836 | €4,324 | -€66,512 | -93.9% |
| Deferred charges and accrued income | 490/1 | €363 | €926 | +€563 | +155.3% |
| Total equity and liabilities | 10/49 | €119,179 | €111,434 | -€7,745 | -6.5% |
| Equity | 10/15 | €24,405 | €74,372 | +€49,968 | +204.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,405 | €69,372 | +€49,968 | +257.5% |
| Amounts payable | 17/49 | €94,775 | €37,062 | -€57,713 | -60.9% |
| Amounts payable within one year | 42/48 | €63,075 | €32,884 | -€30,190 | -47.9% |
| Trade debts | 44 | €47,457 | €5,538 | -€41,919 | -88.3% |
| Suppliers | 440/4 | €47,457 | €5,538 | -€41,919 | -88.3% |
| Taxes, remuneration and social security | 45 | €15,618 | €27,347 | +€11,729 | +75.1% |
| Taxes | 450/3 | €11,169 | €23,762 | +€12,594 | +112.8% |
| Remuneration and social security | 454/9 | €4,450 | €3,585 | -€865 | -19.4% |
| Accrued charges and deferred income | 492/3 | €31,700 | €4,178 | -€27,523 | -86.8% |
| Remuneration, social security and pensions | 62 | €4,895 | - | -€4,895 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €791 | -€355 | -31.0% |
| Other operating charges | 640/8 | - | €6,672 | +€6,672 | |
| Gross operating margin | 9900 | €33,844 | €71,596 | +€37,752 | +111.5% |
| Operating profit (loss) | 9901 | €27,804 | €64,133 | +€36,329 | +130.7% |
| Financial charges | 65/66B | €2,495 | €107 | -€2,387 | -95.7% |
| Recurring financial charges | 65 | €2,495 | €107 | -€2,387 | -95.7% |
| Profit (loss) for the period before taxes | 9903 | €25,309 | €64,026 | +€38,716 | +153.0% |
| Income taxes | 67/77 | €5,905 | €14,058 | +€8,153 | +138.1% |
| Profit (loss) for the period | 9904 | €19,405 | €49,968 | +€30,563 | +157.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,405 | €49,968 | +€30,563 | +157.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.