TODOLIST: 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.
TODOLIST
Largest movements
- Cash +€60,676
up €60,676 (+14,198%), from €427 to €61,104
mainly Net result for the year (+€40,277) and Receivables within one year (+€25,229)
- Receivables within one year -€25,229
down €25,229 (-16.0%), from €157,939 to €132,710
of which Other amounts receivable: -€14,995
- Current investments +€8,500
up €8,500 (+566%), from €1,502 to €10,002
- Tangible fixed assets -€2,526
down €2,526 (-37.0%), from €6,830 to €4,305
of which Furniture and vehicles: -€2,068
- Reserves +€35,000
up €35,000 (+38.3%), from €91,500 to €126,500
of which Distributable reserves: +€35,000
- Other debts -€7,161
down €7,161 (-58.9%), from €12,161 to €5,000
- Tax, wage and social debts +€6,081
up €6,081 (+64.6%), from €9,419 to €15,500
of which Taxes: +€10,800
- Profit (loss) carried forward +€5,277
up €5,277 (+6.3%), from €83,674 to €88,951
- Gross operating margin +€56,778
up €56,778 (+1,338%), from €4,243 to €61,022
- Taxes +€13,419
up €13,419 (+671%), from €2,000 to €15,419
- Staff costs +€4,721
up €4,721, from -€998 to €3,723
- Depreciation -€2,028
down €2,028 (-66.1%), from €3,066 to €1,039
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 | €204,118 | €243,830 | +€39,712 | +19.5% |
| Fixed assets | 21/28 | €44,250 | €40,015 | -€4,236 | -9.6% |
| Tangible fixed assets | 22/27 | €6,830 | €4,305 | -€2,526 | -37.0% |
| Plant, machinery and equipment | 23 | €85 | - | -€85 | |
| Furniture and vehicles | 24 | €3,876 | €1,808 | -€2,068 | -53.3% |
| Other tangible fixed assets | 26 | €2,869 | €2,496 | -€373 | -13.0% |
| Financial fixed assets | 28 | €37,420 | €35,710 | -€1,710 | -4.6% |
| Current assets | 29/58 | €159,868 | €203,816 | +€43,947 | +27.5% |
| Amounts receivable within one year | 40/41 | €157,939 | €132,710 | -€25,229 | -16.0% |
| Trade receivables | 40 | €29,117 | €18,883 | -€10,234 | -35.1% |
| Other amounts receivable | 41 | €128,822 | €113,828 | -€14,995 | -11.6% |
| Current investments | 50/53 | €1,502 | €10,002 | +€8,500 | +566% |
| Cash at bank and in hand | 54/58 | €427 | €61,104 | +€60,676 | +14,198% |
| Total equity and liabilities | 10/49 | €204,118 | €243,830 | +€39,712 | +19.5% |
| Equity | 10/15 | €181,374 | €221,651 | +€40,277 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €91,500 | €126,500 | +€35,000 | +38.3% |
| Tax-exempt reserves | 132 | €41,500 | €41,500 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €85,000 | +€35,000 | +70.0% |
| Profit (loss) carried forward | 14 | €83,674 | €88,951 | +€5,277 | +6.3% |
| Amounts payable | 17/49 | €22,745 | €22,179 | -€565 | -2.5% |
| Amounts payable within one year | 42/48 | €22,745 | €22,179 | -€565 | -2.5% |
| Trade debts | 44 | €1,165 | €1,679 | +€514 | +44.2% |
| Suppliers | 440/4 | €1,165 | €1,679 | +€514 | +44.2% |
| Taxes, remuneration and social security | 45 | €9,419 | €15,500 | +€6,081 | +64.6% |
| Taxes | 450/3 | €4,700 | €15,500 | +€10,800 | +230% |
| Remuneration and social security | 454/9 | €4,719 | - | -€4,719 | |
| Other amounts payable | 47/48 | €12,161 | €5,000 | -€7,161 | -58.9% |
| Remuneration, social security and pensions | 62 | -€998 | €3,723 | +€4,721 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,066 | €1,039 | -€2,028 | -66.1% |
| Other operating charges | 640/8 | €791 | €539 | -€252 | -31.8% |
| Non-recurring operating charges | 66A | €1,025 | - | -€1,025 | |
| Gross operating margin | 9900 | €4,243 | €61,022 | +€56,778 | +1,338% |
| Operating profit (loss) | 9901 | €360 | €55,721 | +€55,361 | +15,381% |
| Financial income | 75/76B | - | €303 | +€303 | |
| Recurring financial income | 75 | - | €303 | +€303 | |
| Financial charges | 65/66B | €251 | €328 | +€78 | +31.0% |
| Recurring financial charges | 65 | €251 | €328 | +€78 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €109 | €55,696 | +€55,587 | +50,913% |
| Income taxes | 67/77 | €2,000 | €15,419 | +€13,419 | +671% |
| Profit (loss) for the period | 9904 | -€1,891 | €40,277 | +€42,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,891 | €40,277 | +€42,168 |
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 18 October 2026 via checked.be.