TOOLBOX: 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.
TOOLBOX
Largest movements
- Cash +€18,633
up €18,633 (+54.4%), from €34,247 to €52,880
mainly Debts within one year (+€10,840) and Net result for the year (+€6,193)
- Receivables within one year -€6,155
down €6,155 (-21.4%), from €28,825 to €22,670
of which Trade receivables: -€11,155
- Deferred charges and accrued income -€2,346
down €2,346 (-79.5%), from €2,949 to €604
- Intangible fixed assets -€919
down €919 (-56.1%), from €1,639 to €720
- Debts within one year +€10,840
up €10,840 (+47.8%), from €22,699 to €33,539
- Accrued charges and deferred income -€7,820
down €7,820 (-21.2%), from €36,820 to €29,000
- Profit (loss) carried forward +€6,193
up €6,193 (+11.6%), from -€53,370 to -€47,176
- Gross operating margin +€47,617
up €47,617, from -€38,709 to €8,908
- Depreciation -€12,098
down €12,098 (-92.9%), from €13,017 to €919
- Staff costs -€1,786
no longer reported in 2025 (was €1,786)
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 | €67,661 | €76,874 | +€9,213 | +13.6% |
| Fixed assets | 21/28 | €1,639 | €720 | -€919 | -56.1% |
| Intangible fixed assets | 21 | €1,639 | €720 | -€919 | -56.1% |
| Current assets | 29/58 | €66,021 | €76,154 | +€10,133 | +15.3% |
| Amounts receivable within one year | 40/41 | €28,825 | €22,670 | -€6,155 | -21.4% |
| Trade receivables | 40 | €18,825 | €7,670 | -€11,155 | -59.3% |
| Other amounts receivable | 41 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €34,247 | €52,880 | +€18,633 | +54.4% |
| Deferred charges and accrued income | 490/1 | €2,949 | €604 | -€2,346 | -79.5% |
| Total equity and liabilities | 10/49 | €67,661 | €76,874 | +€9,213 | +13.6% |
| Equity | 10/15 | €8,142 | €14,335 | +€6,193 | +76.1% |
| Contributions | 10/11 | €61,511 | €61,511 | = | 0.0% |
| Capital | 10 | €61,511 | €61,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,370 | -€47,176 | +€6,193 | +11.6% |
| Amounts payable | 17/49 | €59,519 | €62,539 | +€3,020 | +5.1% |
| Amounts payable within one year | 42/48 | €22,699 | €33,539 | +€10,840 | +47.8% |
| Trade debts | 44 | €5,699 | €17,289 | +€11,590 | +203.4% |
| Suppliers | 440/4 | €5,699 | €17,289 | +€11,590 | +203.4% |
| Accrued charges and deferred income | 492/3 | €36,820 | €29,000 | -€7,820 | -21.2% |
| Non-recurring operating income | 76A | €1,548 | €708 | -€840 | -54.2% |
| Remuneration, social security and pensions | 62 | €1,786 | - | -€1,786 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,017 | €919 | -€12,098 | -92.9% |
| Other operating charges | 640/8 | €1,678 | €1,422 | -€256 | -15.3% |
| Gross operating margin | 9900 | -€38,709 | €8,908 | +€47,617 | |
| Operating profit (loss) | 9901 | -€55,191 | €6,566 | +€61,757 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €248 | €373 | +€124 | +50.1% |
| Recurring financial charges | 65 | €248 | €373 | +€124 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | -€55,438 | €6,193 | +€61,632 | |
| Profit (loss) for the period | 9904 | -€55,438 | €6,193 | +€61,632 | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,438 | €6,193 | +€61,632 |
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 11 October 2026 via checked.be.