To be dressed: 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.
To be dressed
Largest movements
- Tangible fixed assets +€73,245
up €73,245 (+553%), from €13,252 to €86,497
of which Furniture and vehicles: +€74,931
- Cash +€20,794
up €20,794 (+32.1%), from €64,799 to €85,593
mainly Debts after one year (+€54,373) and Depreciation (+€18,137)
- Financial fixed assets +€9,750
new in 2025: €9,750
- Receivables within one year +€4,761
up €4,761 (+19.2%), from €24,763 to €29,524
- Debts after one year +€54,373
new in 2025: €54,373
- Current portion of long-term debt +€15,860
new in 2025: €15,860
- Tax, wage and social debts +€14,391
up €14,391 (+71.2%), from €20,222 to €34,613
of which Taxes: +€10,989
- Profit (loss) carried forward +€13,666
up €13,666 (+17.1%), from €79,713 to €93,379
- Trade debts +€11,127
up €11,127 (+141%), from €7,869 to €18,995
- Gross operating margin -€32,951
down €32,951 (-43.1%), from €76,433 to €43,483
- Depreciation +€16,818
up €16,818 (+1,275%), from €1,320 to €18,137
- Taxes -€9,412
down €9,412 (-60.6%), from €15,527 to €6,115
- Financial charges +€2,376
up €2,376 (+243%), from €979 to €3,354
- Staff costs -€2,085
no longer reported in 2025 (was €2,085)
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.
Derived cash bridge
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 | €108,653 | €218,177 | +€109,524 | +101% |
| Fixed assets | 21/28 | €13,252 | €96,247 | +€82,995 | +626% |
| Tangible fixed assets | 22/27 | €13,252 | €86,497 | +€73,245 | +553% |
| Plant, machinery and equipment | 23 | €12,300 | €10,614 | -€1,686 | -13.7% |
| Furniture and vehicles | 24 | €952 | €75,882 | +€74,931 | +7,873% |
| Financial fixed assets | 28 | - | €9,750 | +€9,750 | |
| Current assets | 29/58 | €95,401 | €121,931 | +€26,530 | +27.8% |
| Stocks and contracts in progress | 3 | €5,839 | €6,814 | +€975 | +16.7% |
| Stocks | 30/36 | €5,839 | €6,814 | +€975 | +16.7% |
| Amounts receivable within one year | 40/41 | €24,763 | €29,524 | +€4,761 | +19.2% |
| Trade receivables | 40 | €24,763 | €29,524 | +€4,761 | +19.2% |
| Cash at bank and in hand | 54/58 | €64,799 | €85,593 | +€20,794 | +32.1% |
| Total equity and liabilities | 10/49 | €108,653 | €218,177 | +€109,524 | +101% |
| Equity | 10/15 | €79,813 | €93,479 | +€13,666 | +17.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,713 | €93,379 | +€13,666 | +17.1% |
| Amounts payable | 17/49 | €28,840 | €124,698 | +€95,859 | +332% |
| Amounts payable after more than one year | 17 | - | €54,373 | +€54,373 | |
| Financial debts | 170/4 | - | €54,373 | +€54,373 | |
| Amounts payable within one year | 42/48 | €28,840 | €70,325 | +€41,485 | +144% |
| Current portion of amounts payable after more than one year | 42 | - | €15,860 | +€15,860 | |
| Trade debts | 44 | €7,869 | €18,995 | +€11,127 | +141% |
| Suppliers | 440/4 | €7,869 | €18,995 | +€11,127 | +141% |
| Taxes, remuneration and social security | 45 | €20,222 | €34,613 | +€14,391 | +71.2% |
| Taxes | 450/3 | €20,222 | €31,211 | +€10,989 | +54.3% |
| Remuneration and social security | 454/9 | - | €3,402 | +€3,402 | |
| Other amounts payable | 47/48 | €749 | €856 | +€107 | +14.2% |
| Remuneration, social security and pensions | 62 | €2,085 | - | -€2,085 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,320 | €18,137 | +€16,818 | +1,275% |
| Other operating charges | 640/8 | €840 | €2,410 | +€1,570 | +187% |
| Gross operating margin | 9900 | €76,433 | €43,483 | -€32,951 | -43.1% |
| Operating profit (loss) | 9901 | €72,189 | €22,935 | -€49,254 | -68.2% |
| Financial income | 75/76B | €328 | €200 | -€128 | -39.1% |
| Recurring financial income | 75 | €328 | €200 | -€128 | -39.1% |
| Non-recurring financial income | 76B | - | €200 | +€200 | |
| Financial charges | 65/66B | €979 | €3,354 | +€2,376 | +243% |
| Recurring financial charges | 65 | €979 | €3,354 | +€2,376 | +243% |
| Profit (loss) for the period before taxes | 9903 | €71,539 | €19,781 | -€51,758 | -72.3% |
| Income taxes | 67/77 | €15,527 | €6,115 | -€9,412 | -60.6% |
| Profit (loss) for the period | 9904 | €56,012 | €13,666 | -€42,346 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,012 | €13,666 | -€42,346 | -75.6% |
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 28 October 2026 via checked.be.