Trigger it: 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.
Trigger it
Largest movements
- Cash -€23,996
down €23,996 (-45.1%), from €53,160 to €29,164
mainly Contributions, distributions and other (-€22,685) and Investment in fixed assets (net) (-€15,984)
- Receivables within one year +€13,702
up €13,702 (+91.2%), from €15,023 to €28,725
of which Trade receivables: +€10,873
- Tangible fixed assets +€4,524
up €4,524 (+14.4%), from €31,392 to €35,915
of which Furniture and vehicles: +€10,047
- Reserves -€9,548
down €9,548 (-14.4%), from €66,237 to €56,689
- Current portion of long-term debt +€8,234
up €8,234 (+138%), from €5,972 to €14,206
- Debts after one year -€2,807
down €2,807 (-21.3%), from €13,204 to €10,397
- Trade debts -€2,429
down €2,429 (-66.7%), from €3,643 to €1,214
- Depreciation +€3,535
up €3,535 (+44.6%), from €7,926 to €11,461
- Gross operating margin +€1,365
up €1,365 (+4.0%), from €34,004 to €35,368
- Financial charges -€707
down €707 (-17.6%), from €4,027 to €3,320
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 | €103,027 | €97,213 | -€5,814 | -5.6% |
| Fixed assets | 21/28 | €31,392 | €35,915 | +€4,524 | +14.4% |
| Tangible fixed assets | 22/27 | €31,392 | €35,915 | +€4,524 | +14.4% |
| Land and buildings | 22 | €22,079 | €16,556 | -€5,524 | -25.0% |
| Furniture and vehicles | 24 | €9,312 | €19,359 | +€10,047 | +108% |
| Current assets | 29/58 | €71,635 | €61,298 | -€10,337 | -14.4% |
| Amounts receivable within one year | 40/41 | €15,023 | €28,725 | +€13,702 | +91.2% |
| Trade receivables | 40 | €14,083 | €24,956 | +€10,873 | +77.2% |
| Other amounts receivable | 41 | €940 | €3,769 | +€2,829 | +301% |
| Cash at bank and in hand | 54/58 | €53,160 | €29,164 | -€23,996 | -45.1% |
| Deferred charges and accrued income | 490/1 | €3,452 | €3,409 | -€43 | -1.2% |
| Total equity and liabilities | 10/49 | €103,027 | €97,213 | -€5,814 | -5.6% |
| Equity | 10/15 | €72,437 | €62,889 | -€9,548 | -13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,237 | €56,689 | -€9,548 | -14.4% |
| Distributable reserves | 133 | €66,237 | €56,689 | -€9,548 | -14.4% |
| Amounts payable | 17/49 | €30,590 | €34,324 | +€3,734 | +12.2% |
| Amounts payable after more than one year | 17 | €13,204 | €10,397 | -€2,807 | -21.3% |
| Financial debts | 170/4 | €13,204 | €10,397 | -€2,807 | -21.3% |
| Amounts payable within one year | 42/48 | €17,111 | €23,638 | +€6,527 | +38.1% |
| Current portion of amounts payable after more than one year | 42 | €5,972 | €14,206 | +€8,234 | +138% |
| Trade debts | 44 | €3,643 | €1,214 | -€2,429 | -66.7% |
| Suppliers | 440/4 | €3,643 | €1,214 | -€2,429 | -66.7% |
| Taxes, remuneration and social security | 45 | €6,950 | €7,620 | +€670 | +9.6% |
| Taxes | 450/3 | €6,950 | €7,620 | +€670 | +9.6% |
| Other amounts payable | 47/48 | €546 | €597 | +€51 | +9.3% |
| Accrued charges and deferred income | 492/3 | €275 | €290 | +€15 | +5.5% |
| Non-recurring operating income | 76A | - | €4,377 | +€4,377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,926 | €11,461 | +€3,535 | +44.6% |
| Other operating charges | 640/8 | €1,468 | €1,207 | -€261 | -17.8% |
| Gross operating margin | 9900 | €34,004 | €35,368 | +€1,365 | +4.0% |
| Operating profit (loss) | 9901 | €24,610 | €22,701 | -€1,909 | -7.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -66.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Financial charges | 65/66B | €4,027 | €3,320 | -€707 | -17.6% |
| Recurring financial charges | 65 | €4,027 | €3,320 | -€707 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €20,583 | €19,381 | -€1,202 | -5.8% |
| Income taxes | 67/77 | €6,560 | €6,244 | -€316 | -4.8% |
| Profit (loss) for the period | 9904 | €14,023 | €13,137 | -€886 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,023 | €13,137 | -€886 | -6.3% |
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 30 October 2026 via checked.be.