Toggle: 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.
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Largest movements
- Current investments +€40,000
new in 2025: €40,000
- Receivables within one year -€12,932
down €12,932 (-67.6%), from €19,134 to €6,202
of which Trade receivables: -€14,809
- Cash -€7,735
down €7,735 (-13.4%), from €57,780 to €50,045
mainly Current investments (-€40,000) and Investment in fixed assets (net) (-€3,004)
- Tangible fixed assets -€7,086
down €7,086 (-20.6%), from €34,386 to €27,300
of which Furniture and vehicles: -€6,189
- Reserves +€82,761
up €82,761 (+4449.5%), from €1,860 to €84,621
- Profit (loss) carried forward -€74,116
down €74,116 (-100.0%), from €74,116 to €0
- Other debts +€3,614
up €3,614 (+102.4%), from €3,530 to €7,144
- Tax, wage and social debts -€2,692
down €2,692 (-26.5%), from €10,167 to €7,475
of which Remuneration and social security: -€6,220
- Trade debts +€2,681
up €2,681 (+81.8%), from €3,277 to €5,957
- Depreciation +€3,907
up €3,907 (+63.2%), from €6,183 to €10,090
- Gross operating margin -€3,664
down €3,664 (-13.4%), from €27,360 to €23,696
- Taxes +€2,917
up €2,917 (+1418.7%), from €206 to €3,123
- Financial charges +€893
up €893 (+671.3%), from €133 to €1,026
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.
Cash bridge derived
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 | €111,550 | €123,797 | +€12,247 | +11.0% |
| Fixed assets | 21/28 | €34,636 | €27,550 | -€7,086 | -20.5% |
| Tangible fixed assets | 22/27 | €34,386 | €27,300 | -€7,086 | -20.6% |
| Land and buildings | 22 | €6,660 | €5,764 | -€897 | -13.5% |
| Furniture and vehicles | 24 | €27,725 | €21,536 | -€6,189 | -22.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €76,914 | €96,247 | +€19,333 | +25.1% |
| Amounts receivable within one year | 40/41 | €19,134 | €6,202 | -€12,932 | -67.6% |
| Trade receivables | 40 | €19,134 | €4,325 | -€14,809 | -77.4% |
| Other amounts receivable | 41 | €0 | €1,877 | +€1,877 | |
| Current investments | 50/53 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €57,780 | €50,045 | -€7,735 | -13.4% |
| Total equity and liabilities | 10/49 | €111,550 | €123,797 | +€12,247 | +11.0% |
| Equity | 10/15 | €94,576 | €103,221 | +€8,646 | +9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €84,621 | +€82,761 | +4449.5% |
| Distributable reserves | 133 | €1,860 | €84,621 | +€82,761 | +4449.5% |
| Profit (loss) carried forward | 14 | €74,116 | €0 | -€74,116 | -100.0% |
| Amounts payable | 17/49 | €16,974 | €20,576 | +€3,602 | +21.2% |
| Amounts payable within one year | 42/48 | €16,974 | €20,576 | +€3,602 | +21.2% |
| Trade debts | 44 | €3,277 | €5,957 | +€2,681 | +81.8% |
| Suppliers | 440/4 | €3,277 | €5,957 | +€2,681 | +81.8% |
| Taxes, remuneration and social security | 45 | €10,167 | €7,475 | -€2,692 | -26.5% |
| Taxes | 450/3 | €3,947 | €7,475 | +€3,528 | +89.4% |
| Remuneration and social security | 454/9 | €6,220 | €0 | -€6,220 | -100.0% |
| Other amounts payable | 47/48 | €3,530 | €7,144 | +€3,614 | +102.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | €1,462 | +€1,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,183 | €10,090 | +€3,907 | +63.2% |
| Other operating charges | 640/8 | €821 | €812 | -€9 | -1.1% |
| Non-recurring operating charges | 66A | €1,462 | €0 | -€1,462 | -100.0% |
| Gross operating margin | 9900 | €27,360 | €23,696 | -€3,664 | -13.4% |
| Operating profit (loss) | 9901 | €18,895 | €12,795 | -€6,100 | -32.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100.0% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100.0% |
| Financial charges | 65/66B | €133 | €1,026 | +€893 | +671.3% |
| Recurring financial charges | 65 | €133 | €1,026 | +€893 | +671.3% |
| Profit (loss) for the period before taxes | 9903 | €18,766 | €11,768 | -€6,997 | -37.3% |
| Income taxes | 67/77 | €206 | €3,123 | +€2,917 | +1418.7% |
| Profit (loss) for the period | 9904 | €18,560 | €8,646 | -€9,914 | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,560 | €8,646 | -€9,914 | -53.4% |
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 9 October 2026 via checked.be.