TO:COMMUNICATION: 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:COMMUNICATION
Largest movements
- Cash +€27,760
up €27,760 (+221%), from €12,546 to €40,306
mainly Net result for the year (+€19,260) and Other debts (+€6,286)
- Deferred charges and accrued income -€1,954
no longer reported in 2025 (was €1,954)
- Tangible fixed assets +€1,707
up €1,707 (+29.3%), from €5,825 to €7,532
- Receivables within one year -€1,519
down €1,519 (-2.9%), from €52,638 to €51,119
of which Trade receivables: -€10,188
- Reserves +€19,260
up €19,260 (+110%), from €17,528 to €36,787
of which Distributable reserves: +€19,260
- Other debts +€6,286
up €6,286 (+26.9%), from €23,333 to €29,619
- Trade debts +€2,078
new in 2025: €2,078
- Tax, wage and social debts -€1,630
down €1,630 (-12.7%), from €12,827 to €11,198
- Gross operating margin +€32,507
up €32,507, from -€2,078 to €30,429
- Taxes +€6,177
up €6,177 (+2,095%), from €295 to €6,472
- Financial income -€1,977
down €1,977 (-99.0%), from €1,998 to €21
- Financial charges +€839
up €839 (+103%), from €815 to €1,654
- Depreciation +€452
up €452 (+22.4%), from €2,015 to €2,467
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 | €73,888 | €99,882 | +€25,994 | +35.2% |
| Fixed assets | 21/28 | €6,750 | €8,457 | +€1,707 | +25.3% |
| Tangible fixed assets | 22/27 | €5,825 | €7,532 | +€1,707 | +29.3% |
| Furniture and vehicles | 24 | €5,825 | €7,532 | +€1,707 | +29.3% |
| Financial fixed assets | 28 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €67,139 | €91,426 | +€24,287 | +36.2% |
| Amounts receivable within one year | 40/41 | €52,638 | €51,119 | -€1,519 | -2.9% |
| Trade receivables | 40 | €21,307 | €11,119 | -€10,188 | -47.8% |
| Other amounts receivable | 41 | €31,331 | €40,000 | +€8,669 | +27.7% |
| Cash at bank and in hand | 54/58 | €12,546 | €40,306 | +€27,760 | +221% |
| Deferred charges and accrued income | 490/1 | €1,954 | - | -€1,954 | |
| Total equity and liabilities | 10/49 | €73,888 | €99,882 | +€25,994 | +35.2% |
| Equity | 10/15 | €36,128 | €55,387 | +€19,260 | +53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €17,528 | €36,787 | +€19,260 | +110% |
| Tax-exempt reserves | 132 | €4,818 | €4,818 | = | 0.0% |
| Distributable reserves | 133 | €12,710 | €31,970 | +€19,260 | +152% |
| Amounts payable | 17/49 | €37,761 | €44,495 | +€6,734 | +17.8% |
| Amounts payable within one year | 42/48 | €36,161 | €42,895 | +€6,734 | +18.6% |
| Trade debts | 44 | - | €2,078 | +€2,078 | |
| Suppliers | 440/4 | - | €2,078 | +€2,078 | |
| Taxes, remuneration and social security | 45 | €12,827 | €11,198 | -€1,630 | -12.7% |
| Taxes | 450/3 | €12,827 | €11,198 | -€1,630 | -12.7% |
| Other amounts payable | 47/48 | €23,333 | €29,619 | +€6,286 | +26.9% |
| Accrued charges and deferred income | 492/3 | €1,600 | €1,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,015 | €2,467 | +€452 | +22.4% |
| Other operating charges | 640/8 | €535 | €597 | +€61 | +11.5% |
| Gross operating margin | 9900 | -€2,078 | €30,429 | +€32,507 | |
| Operating profit (loss) | 9901 | -€4,628 | €27,365 | +€31,993 | |
| Financial income | 75/76B | €1,998 | €21 | -€1,977 | -99.0% |
| Recurring financial income | 75 | €1,998 | €21 | -€1,977 | -99.0% |
| Financial charges | 65/66B | €815 | €1,654 | +€839 | +103% |
| Recurring financial charges | 65 | €815 | €1,654 | +€839 | +103% |
| Profit (loss) for the period before taxes | 9903 | -€3,445 | €25,732 | +€29,177 | |
| Income taxes | 67/77 | €295 | €6,472 | +€6,177 | +2,095% |
| Profit (loss) for the period | 9904 | -€3,740 | €19,260 | +€23,000 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,740 | €19,260 | +€23,000 |
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 21 October 2026 via checked.be.