TIGGERS: 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.
TIGGERS
Largest movements
- Stocks and contracts -€207,462
no longer reported in 2025 (was €207,462)
- Cash +€192,108
up €192,108 (+2161.0%), from €8,890 to €200,998
mainly Stocks and contracts (+€207,462) and Trade debts (+€5,706)
- Tangible fixed assets -€4,238
down €4,238 (-3.4%), from €124,508 to €120,270
- Other debts -€19,046
down €19,046 (-9.0%), from €210,655 to €191,609
- Trade debts +€5,706
up €5,706 (+496.3%), from €1,150 to €6,856
- Profit (loss) carried forward -€3,637
down €3,637, from €817 to -€2,820
- Gross operating margin +€15,639
up €15,639, from -€7,782 to €7,858
- Other operating charges +€4,666
up €4,666 (+370.6%), from €1,259 to €5,925
- Taxes +€299
up €299 (+4213.7%), from €7 to €306
- Financial charges -€120
down €120 (-10.5%), from €1,148 to €1,027
of which Non-recurring financial charges: -€255
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 | €343,796 | €325,101 | -€18,696 | -5.4% |
| Fixed assets | 21/28 | €124,508 | €120,270 | -€4,238 | -3.4% |
| Tangible fixed assets | 22/27 | €124,508 | €120,270 | -€4,238 | -3.4% |
| Land and buildings | 22 | €124,508 | €120,270 | -€4,238 | -3.4% |
| Current assets | 29/58 | €219,288 | €204,830 | -€14,458 | -6.6% |
| Stocks and contracts in progress | 3 | €207,462 | - | -€207,462 | |
| Stocks | 30/36 | €207,462 | - | -€207,462 | |
| Amounts receivable within one year | 40/41 | €2,936 | €3,833 | +€896 | +30.5% |
| Trade receivables | 40 | €2,936 | €3,833 | +€896 | +30.5% |
| Cash at bank and in hand | 54/58 | €8,890 | €200,998 | +€192,108 | +2161.0% |
| Total equity and liabilities | 10/49 | €343,796 | €325,101 | -€18,696 | -5.4% |
| Equity | 10/15 | €129,966 | €126,330 | -€3,637 | -2.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Revaluation surpluses | 12 | €95,064 | €95,064 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €817 | -€2,820 | -€3,637 | |
| Amounts payable | 17/49 | €213,830 | €198,771 | -€15,059 | -7.0% |
| Amounts payable within one year | 42/48 | €213,830 | €198,771 | -€15,059 | -7.0% |
| Trade debts | 44 | €1,150 | €6,856 | +€5,706 | +496.3% |
| Suppliers | 440/4 | €1,150 | €6,856 | +€5,706 | +496.3% |
| Taxes, remuneration and social security | 45 | €2,025 | €306 | -€1,719 | -84.9% |
| Taxes | 450/3 | €2,025 | €306 | -€1,719 | -84.9% |
| Other amounts payable | 47/48 | €210,655 | €191,609 | -€19,046 | -9.0% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,238 | €4,238 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,259 | €5,925 | +€4,666 | +370.6% |
| Gross operating margin | 9900 | -€7,782 | €7,858 | +€15,639 | |
| Operating profit (loss) | 9901 | -€13,278 | -€2,305 | +€10,973 | +82.6% |
| Financial income | 75/76B | €24 | €2 | -€22 | -92.5% |
| Recurring financial income | 75 | €24 | €2 | -€22 | -92.5% |
| Financial charges | 65/66B | €1,148 | €1,027 | -€120 | -10.5% |
| Recurring financial charges | 65 | €175 | €310 | +€135 | +77.1% |
| Non-recurring financial charges | 66B | €973 | €717 | -€255 | -26.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,402 | -€3,331 | +€11,072 | +76.9% |
| Income taxes | 67/77 | €7 | €306 | +€299 | +4213.7% |
| Profit (loss) for the period | 9904 | -€14,410 | -€3,637 | +€10,773 | +74.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,410 | -€3,637 | +€10,773 | +74.8% |
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 5 October 2026 via checked.be.