TRENDLABELS: 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.
TRENDLABELS
Largest movements
- Cash +€15,621
up €15,621 (+25.1%), from €62,271 to €77,892
mainly Net result for the year (+€19,058) and Trade debts (+€1,414)
- Tangible fixed assets +€2,282
new in 2025: €2,282
- Receivables within one year +€2,278
up €2,278 (+39.7%), from €5,732 to €8,011
of which Trade receivables: +€2,048
- Reserves +€19,058
up €19,058 (+38.1%), from €49,984 to €69,042
- Trade debts +€1,414
up €1,414 (+371%), from €381 to €1,795
- Taxes +€1,052
up €1,052 (+13.3%), from €7,915 to €8,967
- Gross operating margin -€982
down €982 (-3.3%), from €29,958 to €28,976
- Depreciation +€432
new in 2025: €432
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.
Derived cash bridge
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 | €70,015 | €90,197 | +€20,182 | +28.8% |
| Fixed assets | 21/28 | €2,012 | €4,294 | +€2,282 | +113% |
| Tangible fixed assets | 22/27 | - | €2,282 | +€2,282 | |
| Furniture and vehicles | 24 | - | €2,282 | +€2,282 | |
| Financial fixed assets | 28 | €2,012 | €2,012 | = | 0.0% |
| Current assets | 29/58 | €68,003 | €85,903 | +€17,900 | +26.3% |
| Amounts receivable within one year | 40/41 | €5,732 | €8,011 | +€2,278 | +39.7% |
| Trade receivables | 40 | €1,980 | €4,028 | +€2,048 | +103% |
| Other amounts receivable | 41 | €3,752 | €3,983 | +€230 | +6.1% |
| Cash at bank and in hand | 54/58 | €62,271 | €77,892 | +€15,621 | +25.1% |
| Total equity and liabilities | 10/49 | €70,015 | €90,197 | +€20,182 | +28.8% |
| Equity | 10/15 | €68,584 | €87,642 | +€19,058 | +27.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,984 | €69,042 | +€19,058 | +38.1% |
| Distributable reserves | 133 | €49,984 | €69,042 | +€19,058 | +38.1% |
| Amounts payable | 17/49 | €1,431 | €2,555 | +€1,124 | +78.5% |
| Amounts payable within one year | 42/48 | €1,431 | €2,555 | +€1,124 | +78.5% |
| Trade debts | 44 | €381 | €1,795 | +€1,414 | +371% |
| Suppliers | 440/4 | €381 | €1,795 | +€1,414 | +371% |
| Other amounts payable | 47/48 | €1,050 | €760 | -€290 | -27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €432 | +€432 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €29,958 | €28,976 | -€982 | -3.3% |
| Operating profit (loss) | 9901 | €29,453 | €28,024 | -€1,428 | -4.8% |
| Financial income | 75/76B | €185 | €61 | -€125 | -67.3% |
| Recurring financial income | 75 | €185 | €61 | -€125 | -67.3% |
| Financial charges | 65/66B | €39 | €60 | +€21 | +52.7% |
| Recurring financial charges | 65 | €39 | €60 | +€21 | +52.7% |
| Profit (loss) for the period before taxes | 9903 | €29,599 | €28,025 | -€1,574 | -5.3% |
| Income taxes | 67/77 | €7,915 | €8,967 | +€1,052 | +13.3% |
| Profit (loss) for the period | 9904 | €21,683 | €19,058 | -€2,626 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,683 | €19,058 | -€2,626 | -12.1% |
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 18 October 2026 via checked.be.