THRESHOLD: 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.
THRESHOLD
Largest movements
- Cash +€50,091
up €50,091 (+115.5%), from €43,385 to €93,477
mainly Net result for the year (+€51,343) and Tax, wage and social debts (+€17,571)
- Reserves +€50,510
up €50,510 (+144.3%), from €34,993 to €85,503
- Debts after one year -€17,705
down €17,705 (-14.8%), from €119,256 to €101,551
- Tax, wage and social debts +€17,571
up €17,571 (+113.6%), from €15,463 to €33,034
of which Taxes: +€17,571
- Gross operating margin +€16,080
up €16,080 (+27.5%), from €58,568 to €74,648
- Depreciation -€6,037
down €6,037 (-100.0%), from €6,037 to €0
- Taxes +€5,458
up €5,458 (+45.1%), from €12,113 to €17,571
- Financial charges +€1,270
up €1,270 (+28.4%), from €4,466 to €5,736
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 | €213,385 | €264,211 | +€50,826 | +23.8% |
| Fixed assets | 21/28 | €170,000 | €170,000 | = | 0.0% |
| Financial fixed assets | 28 | €170,000 | €170,000 | = | 0.0% |
| Current assets | 29/58 | €43,385 | €94,211 | +€50,826 | +117.2% |
| Cash at bank and in hand | 54/58 | €43,385 | €93,477 | +€50,091 | +115.5% |
| Deferred charges and accrued income | 490/1 | - | €735 | +€735 | |
| Total equity and liabilities | 10/49 | €213,385 | €264,211 | +€50,826 | +23.8% |
| Equity | 10/15 | €35,993 | €86,503 | +€50,510 | +140.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €34,993 | €85,503 | +€50,510 | +144.3% |
| Distributable reserves | 133 | €34,993 | €85,503 | +€50,510 | +144.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €177,393 | €177,708 | +€316 | +0.2% |
| Amounts payable after more than one year | 17 | €119,256 | €101,551 | -€17,705 | -14.8% |
| Financial debts | 170/4 | €119,256 | €101,551 | -€17,705 | -14.8% |
| Amounts payable within one year | 42/48 | €58,017 | €76,022 | +€18,006 | +31.0% |
| Current portion of amounts payable after more than one year | 42 | €17,037 | €17,705 | +€668 | +3.9% |
| Trade debts | 44 | €1,173 | €1,096 | -€77 | -6.5% |
| Suppliers | 440/4 | €1,173 | €1,096 | -€77 | -6.5% |
| Taxes, remuneration and social security | 45 | €15,463 | €33,034 | +€17,571 | +113.6% |
| Taxes | 450/3 | €13,463 | €31,034 | +€17,571 | +130.5% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €24,344 | €24,187 | -€157 | -0.6% |
| Accrued charges and deferred income | 492/3 | €120 | €135 | +€15 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,037 | €0 | -€6,037 | -100.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €58,568 | €74,648 | +€16,080 | +27.5% |
| Operating profit (loss) | 9901 | €52,406 | €74,520 | +€22,114 | +42.2% |
| Financial income | 75/76B | €25 | €131 | +€106 | +424.1% |
| Recurring financial income | 75 | €25 | €131 | +€106 | +424.1% |
| Financial charges | 65/66B | €4,466 | €5,736 | +€1,270 | +28.4% |
| Recurring financial charges | 65 | €4,466 | €5,736 | +€1,270 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €47,964 | €68,915 | +€20,950 | +43.7% |
| Income taxes | 67/77 | €12,113 | €17,571 | +€5,458 | +45.1% |
| Profit (loss) for the period | 9904 | €35,852 | €51,343 | +€15,492 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,852 | €51,343 | +€15,492 | +43.2% |
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 10 October 2026 via checked.be.