TOP TIER: 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.
TOP TIER
Largest movements
- Cash +€57,473
up €57,473 (+85.7%), from €67,029 to €124,501
mainly Net result for the year (+€43,793) and Tax, wage and social debts (+€13,695)
- Profit (loss) carried forward +€43,793
up €43,793 (+73.7%), from €59,454 to €103,247
- Tax, wage and social debts +€13,695
up €13,695 (+75.7%), from €18,099 to €31,793
- Gross operating margin +€6,176
up €6,176 (+11.8%), from €52,555 to €58,731
- Taxes +€1,169
up €1,169 (+9.9%), from €11,839 to €13,008
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 | €80,108 | €137,435 | +€57,327 | +71.6% |
| Fixed assets | 21/28 | €2,506 | €1,350 | -€1,157 | -46.1% |
| Tangible fixed assets | 22/27 | €2,506 | €1,350 | -€1,157 | -46.1% |
| Furniture and vehicles | 24 | €2,506 | €1,350 | -€1,157 | -46.1% |
| Current assets | 29/58 | €77,601 | €136,085 | +€58,484 | +75.4% |
| Amounts receivable within one year | 40/41 | €10,297 | €11,301 | +€1,004 | +9.8% |
| Trade receivables | 40 | €10,067 | €11,301 | +€1,234 | +12.3% |
| Other amounts receivable | 41 | €230 | - | -€230 | |
| Cash at bank and in hand | 54/58 | €67,029 | €124,501 | +€57,473 | +85.7% |
| Deferred charges and accrued income | 490/1 | €276 | €282 | +€7 | +2.4% |
| Total equity and liabilities | 10/49 | €80,108 | €137,435 | +€57,327 | +71.6% |
| Equity | 10/15 | €61,454 | €105,247 | +€43,793 | +71.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,454 | €103,247 | +€43,793 | +73.7% |
| Amounts payable | 17/49 | €18,653 | €32,188 | +€13,535 | +72.6% |
| Amounts payable within one year | 42/48 | €18,653 | €32,188 | +€13,535 | +72.6% |
| Trade debts | 44 | €555 | €274 | -€280 | -50.5% |
| Suppliers | 440/4 | €555 | €274 | -€280 | -50.5% |
| Taxes, remuneration and social security | 45 | €18,099 | €31,793 | +€13,695 | +75.7% |
| Taxes | 450/3 | €18,099 | €31,793 | +€13,695 | +75.7% |
| Other amounts payable | 47/48 | - | €120 | +€120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €1,157 | +€193 | +20.0% |
| Other operating charges | 640/8 | €1,044 | €569 | -€475 | -45.5% |
| Non-recurring operating charges | 66A | €473 | €53 | -€420 | -88.8% |
| Gross operating margin | 9900 | €52,555 | €58,731 | +€6,176 | +11.8% |
| Operating profit (loss) | 9901 | €50,074 | €56,952 | +€6,878 | +13.7% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €44 | €155 | +€111 | +255.8% |
| Recurring financial charges | 65 | €44 | €155 | +€111 | +255.8% |
| Profit (loss) for the period before taxes | 9903 | €50,030 | €56,800 | +€6,770 | +13.5% |
| Income taxes | 67/77 | €11,839 | €13,008 | +€1,169 | +9.9% |
| Profit (loss) for the period | 9904 | €38,192 | €43,793 | +€5,601 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,192 | €43,793 | +€5,601 | +14.7% |
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 5 October 2026 via checked.be.