TO THE POINT: 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 POINT
Largest movements
- Cash +€35,955
up €35,955 (+57.1%), from €62,927 to €98,883
mainly Net result for the year (+€30,153) and Depreciation (+€13,688)
- Receivables within one year -€12,615
down €12,615 (-99.9%), from €12,622 to €7
of which Trade receivables: -€12,615
- Reserves +€25,464
up €25,464 (+31.8%), from €80,164 to €105,628
- Current portion of long-term debt -€11,000
down €11,000 (-100%), from €11,000 to €0
- Other debts +€4,032
up €4,032 (+27.1%), from €14,884 to €18,916
- Trade debts +€2,822
up €2,822 (+56.5%), from €4,995 to €7,817
- Tax, wage and social debts +€2,487
up €2,487 (+76.7%), from €3,243 to €5,730
- Gross operating margin +€4,184
up €4,184 (+7.2%), from €58,397 to €62,581
- Other operating charges +€1,078
up €1,078 (+52.8%), from €2,041 to €3,119
- Taxes +€1,050
up €1,050 (+7.7%), from €13,655 to €14,705
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 | €155,720 | €179,821 | +€24,101 | +15.5% |
| Fixed assets | 21/28 | €78,578 | €79,256 | +€678 | +0.9% |
| Tangible fixed assets | 22/27 | €78,578 | €79,256 | +€678 | +0.9% |
| Land and buildings | 22 | €59,142 | €66,766 | +€7,624 | +12.9% |
| Furniture and vehicles | 24 | €19,435 | €12,490 | -€6,946 | -35.7% |
| Current assets | 29/58 | €77,142 | €100,565 | +€23,423 | +30.4% |
| Amounts receivable within one year | 40/41 | €12,622 | €7 | -€12,615 | -99.9% |
| Trade receivables | 40 | €12,615 | €0 | -€12,615 | -100% |
| Other amounts receivable | 41 | €7 | €7 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,927 | €98,883 | +€35,955 | +57.1% |
| Deferred charges and accrued income | 490/1 | €1,593 | €1,675 | +€82 | +5.2% |
| Total equity and liabilities | 10/49 | €155,720 | €179,821 | +€24,101 | +15.5% |
| Equity | 10/15 | €115,908 | €141,525 | +€25,617 | +22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €80,164 | €105,628 | +€25,464 | +31.8% |
| Distributable reserves | 133 | €80,164 | €105,628 | +€25,464 | +31.8% |
| Profit (loss) carried forward | 14 | €17,144 | €17,297 | +€153 | +0.9% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €34,812 | €33,296 | -€1,516 | -4.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,122 | €32,464 | -€1,659 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €0 | -€11,000 | -100% |
| Trade debts | 44 | €4,995 | €7,817 | +€2,822 | +56.5% |
| Suppliers | 440/4 | €4,995 | €7,817 | +€2,822 | +56.5% |
| Taxes, remuneration and social security | 45 | €3,243 | €5,730 | +€2,487 | +76.7% |
| Taxes | 450/3 | €3,243 | €5,730 | +€2,487 | +76.7% |
| Other amounts payable | 47/48 | €14,884 | €18,916 | +€4,032 | +27.1% |
| Accrued charges and deferred income | 492/3 | €689 | €832 | +€143 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,768 | €13,688 | -€81 | -0.6% |
| Other operating charges | 640/8 | €2,041 | €3,119 | +€1,078 | +52.8% |
| Non-recurring operating charges | 66A | €607 | €0 | -€607 | -100% |
| Gross operating margin | 9900 | €58,397 | €62,581 | +€4,184 | +7.2% |
| Operating profit (loss) | 9901 | €41,980 | €45,774 | +€3,794 | +9.0% |
| Financial income | 75/76B | €20 | €0 | -€20 | -100% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100% |
| Financial charges | 65/66B | €787 | €916 | +€129 | +16.4% |
| Recurring financial charges | 65 | €787 | €916 | +€129 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €41,213 | €44,857 | +€3,645 | +8.8% |
| Income taxes | 67/77 | €13,655 | €14,705 | +€1,050 | +7.7% |
| Profit (loss) for the period | 9904 | €27,558 | €30,153 | +€2,595 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,558 | €30,153 | +€2,595 | +9.4% |
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 24 October 2026 via checked.be.