Track: 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.
Track
Largest movements
- Cash +€19,560
up €19,560 (+138.7%), from €14,099 to €33,659
mainly Depreciation (+€15,547) and Net result for the year (+€14,688)
- Tangible fixed assets +€16,424
up €16,424 (+358.6%), from €4,580 to €21,003
of which Other tangible fixed assets: +€10,315
- Intangible fixed assets -€12,000
down €12,000 (-22.2%), from €53,934 to €41,934
- Receivables within one year -€3,115
down €3,115 (-8.6%), from €36,111 to €32,997
of which Trade receivables: -€12,130
- Profit (loss) carried forward +€14,688
up €14,688 (+36.6%), from €40,163 to €54,851
- Trade debts +€12,548
up €12,548 (+228.6%), from €5,488 to €18,036
- Debts after one year -€9,364
down €9,364 (-26.5%), from €35,360 to €25,996
- Tax, wage and social debts +€2,006
up €2,006 (+9.9%), from €20,238 to €22,244
of which Taxes: +€5,606
- Gross operating margin -€24,652
down €24,652 (-39.3%), from €62,784 to €38,132
- Taxes -€9,875
down €9,875 (-72.2%), from €13,686 to €3,811
- Depreciation +€8,145
up €8,145 (+110.0%), from €7,402 to €15,547
- Other operating charges +€1,754
up €1,754 (+331.5%), from €529 to €2,283
- Financial charges +€788
up €788 (+77.7%), from €1,014 to €1,802
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 | €113,245 | €133,490 | +€20,245 | +17.9% |
| Formation expenses | 20 | €1,086 | - | -€1,086 | |
| Fixed assets | 21/28 | €58,514 | €62,937 | +€4,424 | +7.6% |
| Intangible fixed assets | 21 | €53,934 | €41,934 | -€12,000 | -22.2% |
| Tangible fixed assets | 22/27 | €4,580 | €21,003 | +€16,424 | +358.6% |
| Plant, machinery and equipment | 23 | €4,580 | €10,688 | +€6,109 | +133.4% |
| Other tangible fixed assets | 26 | - | €10,315 | +€10,315 | |
| Current assets | 29/58 | €53,645 | €70,553 | +€16,908 | +31.5% |
| Amounts receivable within one year | 40/41 | €36,111 | €32,997 | -€3,115 | -8.6% |
| Trade receivables | 40 | €12,130 | - | -€12,130 | |
| Other amounts receivable | 41 | €23,981 | €32,997 | +€9,015 | +37.6% |
| Cash at bank and in hand | 54/58 | €14,099 | €33,659 | +€19,560 | +138.7% |
| Deferred charges and accrued income | 490/1 | €3,434 | €3,897 | +€462 | +13.5% |
| Total equity and liabilities | 10/49 | €113,245 | €133,490 | +€20,245 | +17.9% |
| Equity | 10/15 | €43,163 | €57,851 | +€14,688 | +34.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,163 | €54,851 | +€14,688 | +36.6% |
| Amounts payable | 17/49 | €70,082 | €75,639 | +€5,557 | +7.9% |
| Amounts payable after more than one year | 17 | €35,360 | €25,996 | -€9,364 | -26.5% |
| Financial debts | 170/4 | €35,360 | €25,996 | -€9,364 | -26.5% |
| Amounts payable within one year | 42/48 | €34,723 | €49,644 | +€14,921 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €8,997 | €9,364 | +€367 | +4.1% |
| Trade debts | 44 | €5,488 | €18,036 | +€12,548 | +228.6% |
| Suppliers | 440/4 | €5,488 | €18,036 | +€12,548 | +228.6% |
| Taxes, remuneration and social security | 45 | €20,238 | €22,244 | +€2,006 | +9.9% |
| Taxes | 450/3 | €14,238 | €19,844 | +€5,606 | +39.4% |
| Remuneration and social security | 454/9 | €6,000 | €2,400 | -€3,600 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,402 | €15,547 | +€8,145 | +110.0% |
| Other operating charges | 640/8 | €529 | €2,283 | +€1,754 | +331.5% |
| Gross operating margin | 9900 | €62,784 | €38,132 | -€24,652 | -39.3% |
| Operating profit (loss) | 9901 | €54,853 | €20,301 | -€34,551 | -63.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €1,014 | €1,802 | +€788 | +77.7% |
| Recurring financial charges | 65 | €1,014 | €1,802 | +€788 | +77.7% |
| Profit (loss) for the period before taxes | 9903 | €53,849 | €18,499 | -€35,350 | -65.6% |
| Income taxes | 67/77 | €13,686 | €3,811 | -€9,875 | -72.2% |
| Profit (loss) for the period | 9904 | €40,163 | €14,688 | -€25,475 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,163 | €14,688 | -€25,475 | -63.4% |
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 10 October 2026 via checked.be.