This Might Work: 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.
This Might Work
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash +€17,947
up €17,947 (+296.5%), from €6,054 to €24,001
mainly Net result for the year (+€14,057) and Receivables within one year (+€10,472)
- Receivables within one year -€10,472
down €10,472 (-28.2%), from €37,111 to €26,639
of which Other amounts receivable: -€24,003
- Reserves +€14,057
up €14,057 (+102.5%), from €13,717 to €27,774
- Current portion of long-term debt +€10,000
new in 2025: €10,000
- Tax, wage and social debts +€5,957
up €5,957 (+63.9%), from €9,324 to €15,282
of which Remuneration and social security: +€6,945
- Other debts +€2,693
new in 2025: €2,693
- Trade debts -€1,129
down €1,129 (-44.7%), from €2,523 to €1,395
- Gross operating margin +€7,816
up €7,816 (+9.8%), from €79,368 to €87,183
- Staff costs +€3,871
up €3,871 (+7.6%), from €51,047 to €54,918
- Depreciation +€2,497
up €2,497 (+36.1%), from €6,916 to €9,413
- Taxes +€1,670
up €1,670 (+34.2%), from €4,880 to €6,550
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 | €65,565 | €97,311 | +€31,745 | +48.4% |
| Fixed assets | 21/28 | €20,456 | €20,052 | -€404 | -2.0% |
| Tangible fixed assets | 22/27 | €20,456 | €20,052 | -€404 | -2.0% |
| Plant, machinery and equipment | 23 | €12,069 | €9,619 | -€2,450 | -20.3% |
| Furniture and vehicles | 24 | €8,387 | €10,433 | +€2,046 | +24.4% |
| Current assets | 29/58 | €45,110 | €77,259 | +€32,149 | +71.3% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €37,111 | €26,639 | -€10,472 | -28.2% |
| Trade receivables | 40 | €9,259 | €22,791 | +€13,531 | +146.1% |
| Other amounts receivable | 41 | €27,851 | €3,848 | -€24,003 | -86.2% |
| Cash at bank and in hand | 54/58 | €6,054 | €24,001 | +€17,947 | +296.5% |
| Deferred charges and accrued income | 490/1 | €1,945 | €1,618 | -€326 | -16.8% |
| Total equity and liabilities | 10/49 | €65,565 | €97,311 | +€31,745 | +48.4% |
| Equity | 10/15 | €18,717 | €32,774 | +€14,057 | +75.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,717 | €27,774 | +€14,057 | +102.5% |
| Distributable reserves | 133 | €13,717 | €27,774 | +€14,057 | +102.5% |
| Amounts payable | 17/49 | €46,848 | €64,537 | +€17,689 | +37.8% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,848 | €29,369 | +€17,521 | +147.9% |
| Current portion of amounts payable after more than one year | 42 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €2,523 | €1,395 | -€1,129 | -44.7% |
| Suppliers | 440/4 | €2,523 | €1,395 | -€1,129 | -44.7% |
| Taxes, remuneration and social security | 45 | €9,324 | €15,282 | +€5,957 | +63.9% |
| Taxes | 450/3 | €9,324 | €8,337 | -€988 | -10.6% |
| Remuneration and social security | 454/9 | - | €6,945 | +€6,945 | |
| Other amounts payable | 47/48 | - | €2,693 | +€2,693 | |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Remuneration, social security and pensions | 62 | €51,047 | €54,918 | +€3,871 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,916 | €9,413 | +€2,497 | +36.1% |
| Other operating charges | 640/8 | €1,174 | €1,197 | +€23 | +2.0% |
| Gross operating margin | 9900 | €79,368 | €87,183 | +€7,816 | +9.8% |
| Operating profit (loss) | 9901 | €20,231 | €21,655 | +€1,425 | +7.0% |
| Financial income | 75/76B | €634 | €91 | -€543 | -85.7% |
| Recurring financial income | 75 | €634 | €91 | -€543 | -85.7% |
| Financial charges | 65/66B | €643 | €1,140 | +€497 | +77.3% |
| Recurring financial charges | 65 | €643 | €1,140 | +€497 | +77.3% |
| Profit (loss) for the period before taxes | 9903 | €20,222 | €20,606 | +€385 | +1.9% |
| Income taxes | 67/77 | €4,880 | €6,550 | +€1,670 | +34.2% |
| Profit (loss) for the period | 9904 | €15,342 | €14,057 | -€1,285 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,342 | €14,057 | -€1,285 | -8.4% |
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 7 October 2026 via checked.be.