TRUE TO: 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.
TRUE TO
Largest movements
- Receivables within one year +€17,898
up €17,898 (+44.7%), from €40,029 to €57,927
of which Other amounts receivable: +€13,221
- Cash -€3,222
down €3,222 (-46.6%), from €6,920 to €3,698
mainly Receivables within one year (-€17,898) and Trade debts (-€1,265)
- Tangible fixed assets -€1,987
down €1,987 (-46.6%), from €4,264 to €2,278
of which Plant, machinery and equipment: -€1,211
- Profit (loss) carried forward +€12,690
up €12,690 (+69.7%), from €18,206 to €30,896
- Trade debts -€1,265
down €1,265 (-5.4%), from €23,316 to €22,051
- Tax, wage and social debts +€1,264
up €1,264 (+16.9%), from €7,495 to €8,760
- Gross operating margin +€21,677
up €21,677, from -€6,502 to €15,175
- Other operating charges -€3,674
down €3,674 (-89.2%), from €4,118 to €444
- Financial income +€1,773
up €1,773 (+177%), from €1,003 to €2,776
- Taxes +€1,283
up €1,283, from €0 to €1,283
- Financial charges -€773
down €773 (-33.3%), from €2,321 to €1,547
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 | €51,213 | €63,903 | +€12,690 | +24.8% |
| Fixed assets | 21/28 | €4,264 | €2,278 | -€1,987 | -46.6% |
| Tangible fixed assets | 22/27 | €4,264 | €2,278 | -€1,987 | -46.6% |
| Plant, machinery and equipment | 23 | €3,282 | €2,071 | -€1,211 | -36.9% |
| Furniture and vehicles | 24 | €982 | €206 | -€776 | -79.0% |
| Current assets | 29/58 | €46,949 | €61,625 | +€14,676 | +31.3% |
| Amounts receivable within one year | 40/41 | €40,029 | €57,927 | +€17,898 | +44.7% |
| Trade receivables | 40 | €14,173 | €18,850 | +€4,677 | +33.0% |
| Other amounts receivable | 41 | €25,856 | €39,077 | +€13,221 | +51.1% |
| Cash at bank and in hand | 54/58 | €6,920 | €3,698 | -€3,222 | -46.6% |
| Total equity and liabilities | 10/49 | €51,213 | €63,903 | +€12,690 | +24.8% |
| Equity | 10/15 | €20,206 | €32,896 | +€12,690 | +62.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,206 | €30,896 | +€12,690 | +69.7% |
| Amounts payable | 17/49 | €31,007 | €31,007 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €31,007 | €31,007 | -€0 | 0.0% |
| Financial debts | 43 | €196 | €196 | = | 0.0% |
| Credit institutions | 430/8 | €196 | €196 | = | 0.0% |
| Trade debts | 44 | €23,316 | €22,051 | -€1,265 | -5.4% |
| Suppliers | 440/4 | €23,316 | €22,051 | -€1,265 | -5.4% |
| Taxes, remuneration and social security | 45 | €7,495 | €8,760 | +€1,264 | +16.9% |
| Taxes | 450/3 | €7,495 | €8,760 | +€1,264 | +16.9% |
| Non-recurring operating income | 76A | €833 | €0 | -€833 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,066 | €1,987 | -€79 | -3.8% |
| Other operating charges | 640/8 | €4,118 | €444 | -€3,674 | -89.2% |
| Gross operating margin | 9900 | -€6,502 | €15,175 | +€21,677 | |
| Operating profit (loss) | 9901 | -€12,686 | €12,744 | +€25,431 | |
| Financial income | 75/76B | €1,003 | €2,776 | +€1,773 | +177% |
| Recurring financial income | 75 | €1,003 | €2,776 | +€1,773 | +177% |
| Financial charges | 65/66B | €2,321 | €1,547 | -€773 | -33.3% |
| Recurring financial charges | 65 | €2,321 | €1,547 | -€773 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,004 | €13,973 | +€27,977 | |
| Income taxes | 67/77 | €0 | €1,283 | +€1,283 | |
| Profit (loss) for the period | 9904 | -€14,004 | €12,690 | +€26,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,004 | €12,690 | +€26,694 |
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 13 October 2026 via checked.be.