TO THE NEXT LEVEL: 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 THE NEXT LEVEL
Largest movements
- Cash +€24,587
up €24,587 (+179%), from €13,759 to €38,346
mainly Stocks and contracts (+€18,000) and Net result for the year (+€12,214)
- Stocks and contracts -€18,000
down €18,000 (-100%), from €18,000 to €0
- Tangible fixed assets +€2,224
up €2,224 (+74.3%), from €2,993 to €5,217
of which Furniture and vehicles: +€2,224
- Reserves +€12,214
up €12,214 (+58.5%), from €20,864 to €33,077
- Other debts -€2,470
down €2,470 (-76.4%), from €3,235 to €765
- Tax, wage and social debts -€1,144
down €1,144 (-50.7%), from €2,256 to €1,112
- Short-term financial debts +€545
up €545 (+30.9%), from €1,765 to €2,311
- Other operating charges -€1,386
down €1,386 (-90.3%), from €1,535 to €149
- Taxes -€652
down €652 (-12.9%), from €5,050 to €4,398
- Depreciation +€445
up €445 (+111%), from €400 to €845
- Gross operating margin +€387
up €387 (+2.2%), from €17,256 to €17,643
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 | €37,010 | €46,065 | +€9,054 | +24.5% |
| Fixed assets | 21/28 | €2,993 | €5,217 | +€2,224 | +74.3% |
| Tangible fixed assets | 22/27 | €2,993 | €5,217 | +€2,224 | +74.3% |
| Furniture and vehicles | 24 | €593 | €2,817 | +€2,224 | +375% |
| Other tangible fixed assets | 26 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €34,017 | €40,848 | +€6,831 | +20.1% |
| Stocks and contracts in progress | 3 | €18,000 | €0 | -€18,000 | -100% |
| Stocks | 30/36 | €18,000 | €0 | -€18,000 | -100% |
| Amounts receivable within one year | 40/41 | €2,258 | €2,502 | +€244 | +10.8% |
| Trade receivables | 40 | €1,844 | €2,147 | +€303 | +16.4% |
| Other amounts receivable | 41 | €413 | €355 | -€59 | -14.2% |
| Cash at bank and in hand | 54/58 | €13,759 | €38,346 | +€24,587 | +179% |
| Total equity and liabilities | 10/49 | €37,010 | €46,065 | +€9,054 | +24.5% |
| Equity | 10/15 | €29,664 | €41,877 | +€12,214 | +41.2% |
| Contributions | 10/11 | €8,800 | €8,800 | = | 0.0% |
| Reserves | 13 | €20,864 | €33,077 | +€12,214 | +58.5% |
| Distributable reserves | 133 | €20,864 | €33,077 | +€12,214 | +58.5% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €7,347 | €4,187 | -€3,159 | -43.0% |
| Amounts payable within one year | 42/48 | €7,347 | €4,187 | -€3,159 | -43.0% |
| Financial debts | 43 | €1,765 | €2,311 | +€545 | +30.9% |
| Credit institutions | 430/8 | €1,765 | €2,311 | +€545 | +30.9% |
| Trade debts | 44 | €91 | €0 | -€91 | -100% |
| Suppliers | 440/4 | €91 | €0 | -€91 | -100% |
| Taxes, remuneration and social security | 45 | €2,256 | €1,112 | -€1,144 | -50.7% |
| Taxes | 450/3 | €2,256 | €1,112 | -€1,144 | -50.7% |
| Other amounts payable | 47/48 | €3,235 | €765 | -€2,470 | -76.4% |
| Non-recurring operating income | 76A | €140 | €0 | -€140 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €845 | +€445 | +111% |
| Other operating charges | 640/8 | €1,535 | €149 | -€1,386 | -90.3% |
| Gross operating margin | 9900 | €17,256 | €17,643 | +€387 | +2.2% |
| Operating profit (loss) | 9901 | €15,321 | €16,650 | +€1,328 | +8.7% |
| Financial income | 75/76B | €42 | €61 | +€19 | +43.9% |
| Recurring financial income | 75 | €42 | €61 | +€19 | +43.9% |
| Financial charges | 65/66B | €118 | €99 | -€18 | -15.6% |
| Recurring financial charges | 65 | €118 | €99 | -€18 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €15,246 | €16,611 | +€1,365 | +9.0% |
| Income taxes | 67/77 | €5,050 | €4,398 | -€652 | -12.9% |
| Profit (loss) for the period | 9904 | €10,196 | €12,214 | +€2,018 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,196 | €12,214 | +€2,018 | +19.8% |
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 25 October 2026 via checked.be.