TrendSonar: 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.
TrendSonar
Largest movements
- Cash +€34,824
up €34,824 (+262.9%), from €13,247 to €48,072
mainly Net result for the year (+€31,462) and Investment in fixed assets (net) (+€17,085)
- Tangible fixed assets -€24,333
down €24,333 (-64.4%), from €37,777 to €13,445
of which Furniture and vehicles: -€18,437
- Receivables within one year +€12,316
up €12,316 (+49.4%), from €24,926 to €37,242
of which Trade receivables: +€14,897
- Reserves +€17,112
up €17,112 (+33.0%), from €51,860 to €68,972
of which Distributable reserves: +€17,112
- Profit (loss) carried forward +€14,350
no longer reported in 2025 (was -€14,350)
- Trade debts +€12,174
up €12,174 (+180.6%), from €6,740 to €18,914
- Current portion of long-term debt -€9,448
down €9,448 (-92.2%), from €10,251 to €803
- Other debts -€6,192
down €6,192 (-98.0%), from €6,315 to €123
- Gross operating margin -€20,146
down €20,146 (-26.0%), from €77,455 to €57,309
- Taxes +€7,442
up €7,442 (+92.9%), from €8,014 to €15,456
- Depreciation -€5,468
down €5,468 (-42.4%), from €12,904 to €7,436
- Financial charges +€1,071
up €1,071 (+166.6%), from €643 to €1,714
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 | €76,139 | €98,758 | +€22,619 | +29.7% |
| Fixed assets | 21/28 | €37,966 | €13,445 | -€24,521 | -64.6% |
| Intangible fixed assets | 21 | €189 | - | -€189 | |
| Tangible fixed assets | 22/27 | €37,777 | €13,445 | -€24,333 | -64.4% |
| Land and buildings | 22 | €19,340 | €12,539 | -€6,801 | -35.2% |
| Plant, machinery and equipment | 23 | - | €905 | +€905 | |
| Furniture and vehicles | 24 | €18,437 | - | -€18,437 | |
| Current assets | 29/58 | €38,173 | €85,314 | +€47,141 | +123.5% |
| Amounts receivable within one year | 40/41 | €24,926 | €37,242 | +€12,316 | +49.4% |
| Trade receivables | 40 | €11,495 | €26,392 | +€14,897 | +129.6% |
| Other amounts receivable | 41 | €13,431 | €10,850 | -€2,581 | -19.2% |
| Cash at bank and in hand | 54/58 | €13,247 | €48,072 | +€34,824 | +262.9% |
| Total equity and liabilities | 10/49 | €76,139 | €98,758 | +€22,619 | +29.7% |
| Equity | 10/15 | €43,718 | €75,180 | +€31,462 | +72.0% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €51,860 | €68,972 | +€17,112 | +33.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €67,112 | +€17,112 | +34.2% |
| Profit (loss) carried forward | 14 | -€14,350 | - | +€14,350 | |
| Amounts payable | 17/49 | €32,421 | €23,579 | -€8,843 | -27.3% |
| Amounts payable within one year | 42/48 | €31,138 | €23,579 | -€7,559 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €10,251 | €803 | -€9,448 | -92.2% |
| Trade debts | 44 | €6,740 | €18,914 | +€12,174 | +180.6% |
| Suppliers | 440/4 | €6,740 | €18,914 | +€12,174 | +180.6% |
| Taxes, remuneration and social security | 45 | €7,831 | €3,738 | -€4,093 | -52.3% |
| Taxes | 450/3 | €7,831 | €3,738 | -€4,093 | -52.3% |
| Other amounts payable | 47/48 | €6,315 | €123 | -€6,192 | -98.0% |
| Accrued charges and deferred income | 492/3 | €1,284 | - | -€1,284 | |
| Non-recurring operating income | 76A | - | €14,563 | +€14,563 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,904 | €7,436 | -€5,468 | -42.4% |
| Other operating charges | 640/8 | €928 | €1,296 | +€368 | +39.7% |
| Gross operating margin | 9900 | €77,455 | €57,309 | -€20,146 | -26.0% |
| Operating profit (loss) | 9901 | €63,623 | €48,576 | -€15,047 | -23.7% |
| Financial income | 75/76B | €205 | €56 | -€149 | -72.7% |
| Recurring financial income | 75 | €205 | €56 | -€149 | -72.7% |
| Financial charges | 65/66B | €643 | €1,714 | +€1,071 | +166.6% |
| Recurring financial charges | 65 | €643 | €1,714 | +€1,071 | +166.6% |
| Profit (loss) for the period before taxes | 9903 | €63,185 | €46,918 | -€16,267 | -25.7% |
| Income taxes | 67/77 | €8,014 | €15,456 | +€7,442 | +92.9% |
| Profit (loss) for the period | 9904 | €55,171 | €31,462 | -€23,709 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,171 | €31,462 | -€23,709 | -43.0% |
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 4 October 2026 via checked.be.