Tool Shed: what changed
Two fiscal 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.
Tool Shed
Largest movements
- Receivables within one year +€19,565
up €19,565 (+52.0%), from €37,643 to €57,208
of which Other amounts receivable: +€13,841
- Tangible fixed assets +€3,938
up €3,938 (+31.8%), from €12,376 to €16,315
of which Furniture and vehicles: +€4,310
- Cash +€1,919
up €1,919 (+29.1%), from €6,594 to €8,513
mainly Net result for the year (+€22,734) and Trade debts (+€6,120)
- Reserves +€22,734
up €22,734 (+56.6%), from €40,173 to €62,907
- Trade debts +€6,120
up €6,120 (+356.8%), from €1,715 to €7,836
- Debts after one year -€2,326
down €2,326 (-69.7%), from €3,338 to €1,012
- Tax, wage and social debts -€1,242
down €1,242 (-15.2%), from €8,197 to €6,954
- Gross operating margin +€8,051
up €8,051 (+29.7%), from €27,143 to €35,194
- Financial charges +€1,319
up €1,319 (+245.3%), from €538 to €1,857
- Depreciation +€1,037
up €1,037 (+21.9%), from €4,743 to €5,781
- Taxes +€567
up €567 (+10.9%), from €5,181 to €5,748
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 | €56,613 | €82,036 | +€25,422 | +44.9% |
| Fixed assets | 21/28 | €12,376 | €16,315 | +€3,938 | +31.8% |
| Tangible fixed assets | 22/27 | €12,376 | €16,315 | +€3,938 | +31.8% |
| Plant, machinery and equipment | 23 | €9,229 | €8,857 | -€372 | -4.0% |
| Furniture and vehicles | 24 | €3,148 | €7,458 | +€4,310 | +136.9% |
| Current assets | 29/58 | €44,237 | €65,721 | +€21,484 | +48.6% |
| Amounts receivable within one year | 40/41 | €37,643 | €57,208 | +€19,565 | +52.0% |
| Trade receivables | 40 | €9,825 | €15,550 | +€5,724 | +58.3% |
| Other amounts receivable | 41 | €27,818 | €41,659 | +€13,841 | +49.8% |
| Cash at bank and in hand | 54/58 | €6,594 | €8,513 | +€1,919 | +29.1% |
| Total equity and liabilities | 10/49 | €56,613 | €82,036 | +€25,422 | +44.9% |
| Equity | 10/15 | €41,173 | €63,907 | +€22,734 | +55.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,173 | €62,907 | +€22,734 | +56.6% |
| Distributable reserves | 133 | €40,173 | €62,907 | +€22,734 | +56.6% |
| Amounts payable | 17/49 | €15,440 | €18,128 | +€2,688 | +17.4% |
| Amounts payable after more than one year | 17 | €3,338 | €1,012 | -€2,326 | -69.7% |
| Financial debts | 170/4 | €3,338 | €1,012 | -€2,326 | -69.7% |
| Amounts payable within one year | 42/48 | €12,102 | €17,116 | +€5,015 | +41.4% |
| Current portion of amounts payable after more than one year | 42 | €2,190 | €2,326 | +€137 | +6.2% |
| Trade debts | 44 | €1,715 | €7,836 | +€6,120 | +356.8% |
| Suppliers | 440/4 | €1,715 | €7,836 | +€6,120 | +356.8% |
| Taxes, remuneration and social security | 45 | €8,197 | €6,954 | -€1,242 | -15.2% |
| Taxes | 450/3 | €8,197 | €6,954 | -€1,242 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,743 | €5,781 | +€1,037 | +21.9% |
| Other operating charges | 640/8 | €820 | €748 | -€72 | -8.8% |
| Gross operating margin | 9900 | €27,143 | €35,194 | +€8,051 | +29.7% |
| Operating profit (loss) | 9901 | €21,580 | €28,666 | +€7,086 | +32.8% |
| Financial income | 75/76B | €1,345 | €1,674 | +€328 | +24.4% |
| Recurring financial income | 75 | €1,345 | €1,674 | +€328 | +24.4% |
| Financial charges | 65/66B | €538 | €1,857 | +€1,319 | +245.3% |
| Recurring financial charges | 65 | €538 | €1,857 | +€1,319 | +245.3% |
| Profit (loss) for the period before taxes | 9903 | €22,387 | €28,482 | +€6,095 | +27.2% |
| Income taxes | 67/77 | €5,181 | €5,748 | +€567 | +10.9% |
| Profit (loss) for the period | 9904 | €17,207 | €22,734 | +€5,527 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €17,207 | €22,734 | +€5,527 | +32.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.