TIME TO SWITCH: 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.
TIME TO SWITCH
Largest movements
- Receivables within one year +€4,158
up €4,158 (+67.0%), from €6,210 to €10,368
of which Trade receivables: +€2,576
- Tangible fixed assets -€3,394
down €3,394 (-32.1%), from €10,564 to €7,170
of which Furniture and vehicles: -€3,031
- Cash +€2,969
up €2,969 (+47.0%), from €6,312 to €9,281
mainly Net result for the year (+€21,658) and Depreciation (+€3,394)
- Profit (loss) carried forward +€2,451
up €2,451, from -€2,451 to €0
- Tax, wage and social debts +€1,421
up €1,421 (+158.9%), from €894 to €2,316
- Gross operating margin +€11,854
up €11,854 (+78.3%), from €15,139 to €26,993
- Depreciation +€2,564
up €2,564 (+308.9%), from €830 to €3,394
- Taxes +€1,153
up €1,153 (+900.4%), from €128 to €1,281
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 | €23,515 | €27,247 | +€3,732 | +15.9% |
| Fixed assets | 21/28 | €10,564 | €7,170 | -€3,394 | -32.1% |
| Tangible fixed assets | 22/27 | €10,564 | €7,170 | -€3,394 | -32.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €8,838 | €5,807 | -€3,031 | -34.3% |
| Other tangible fixed assets | 26 | €1,727 | €1,363 | -€364 | -21.1% |
| Current assets | 29/58 | €12,950 | €20,077 | +€7,126 | +55.0% |
| Amounts receivable within one year | 40/41 | €6,210 | €10,368 | +€4,158 | +67.0% |
| Trade receivables | 40 | €5,976 | €8,551 | +€2,576 | +43.1% |
| Other amounts receivable | 41 | €235 | €1,817 | +€1,582 | +673.8% |
| Cash at bank and in hand | 54/58 | €6,312 | €9,281 | +€2,969 | +47.0% |
| Deferred charges and accrued income | 490/1 | €427 | €427 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,515 | €27,247 | +€3,732 | +15.9% |
| Equity | 10/15 | €2,549 | €5,207 | +€2,658 | +104.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €207 | +€207 | |
| Distributable reserves | 133 | - | €207 | +€207 | |
| Profit (loss) carried forward | 14 | -€2,451 | €0 | +€2,451 | |
| Amounts payable | 17/49 | €20,965 | €22,040 | +€1,074 | +5.1% |
| Amounts payable within one year | 42/48 | €20,825 | €21,867 | +€1,042 | +5.0% |
| Trade debts | 44 | €685 | €551 | -€134 | -19.5% |
| Suppliers | 440/4 | €685 | €551 | -€134 | -19.5% |
| Taxes, remuneration and social security | 45 | €894 | €2,316 | +€1,421 | +158.9% |
| Taxes | 450/3 | €894 | €2,316 | +€1,421 | +158.9% |
| Other amounts payable | 47/48 | €19,246 | €19,000 | -€246 | -1.3% |
| Accrued charges and deferred income | 492/3 | €141 | €173 | +€32 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830 | €3,394 | +€2,564 | +308.9% |
| Other operating charges | 640/8 | €571 | €528 | -€44 | -7.6% |
| Gross operating margin | 9900 | €15,139 | €26,993 | +€11,854 | +78.3% |
| Operating profit (loss) | 9901 | €13,737 | €23,071 | +€9,333 | +67.9% |
| Financial income | 75/76B | €76 | €0 | -€76 | -100.0% |
| Recurring financial income | 75 | €76 | €0 | -€76 | -100.0% |
| Financial charges | 65/66B | €265 | €132 | -€133 | -50.2% |
| Recurring financial charges | 65 | €265 | €132 | -€133 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | €13,548 | €22,939 | +€9,390 | +69.3% |
| Income taxes | 67/77 | €128 | €1,281 | +€1,153 | +900.4% |
| Profit (loss) for the period | 9904 | €13,420 | €21,658 | +€8,238 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,420 | €21,658 | +€8,238 | +61.4% |
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 6 October 2026 via checked.be.