Truncat: 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.
Truncat
Largest movements
- Cash +€69,284
up €69,284 (+63.1%), from €109,806 to €179,090
mainly Net result for the year (+€45,201) and Receivables within one year (+€19,070)
- Receivables within one year -€19,070
down €19,070 (-97.9%), from €19,476 to €406
of which Trade receivables: -€12,070
- Reserves +€45,201
up €45,201 (+52.9%), from €85,411 to €130,612
- Tax, wage and social debts +€14,907
up €14,907 (+85.2%), from €17,507 to €32,415
- Other debts -€11,605
down €11,605 (-81.6%), from €14,218 to €2,613
- Gross operating margin +€11,285
up €11,285 (+19.3%), from €58,537 to €69,822
- Taxes +€6,604
up €6,604 (+42.5%), from €15,542 to €22,145
- Depreciation -€736
down €736 (-45.6%), from €1,615 to €879
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 | €131,678 | €180,807 | +€49,129 | +37.3% |
| Fixed assets | 21/28 | €2,116 | €1,312 | -€804 | -38.0% |
| Tangible fixed assets | 22/27 | €2,116 | €1,238 | -€879 | -41.5% |
| Plant, machinery and equipment | 23 | €2,116 | €1,238 | -€879 | -41.5% |
| Financial fixed assets | 28 | - | €74 | +€74 | |
| Current assets | 29/58 | €129,562 | €179,495 | +€49,933 | +38.5% |
| Amounts receivable within one year | 40/41 | €19,476 | €406 | -€19,070 | -97.9% |
| Trade receivables | 40 | €12,476 | €406 | -€12,070 | -96.7% |
| Other amounts receivable | 41 | €7,000 | - | -€7,000 | |
| Cash at bank and in hand | 54/58 | €109,806 | €179,090 | +€69,284 | +63.1% |
| Deferred charges and accrued income | 490/1 | €280 | - | -€280 | |
| Total equity and liabilities | 10/49 | €131,678 | €180,807 | +€49,129 | +37.3% |
| Equity | 10/15 | €97,811 | €143,012 | +€45,201 | +46.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €85,411 | €130,612 | +€45,201 | +52.9% |
| Distributable reserves | 133 | €85,411 | €130,612 | +€45,201 | +52.9% |
| Amounts payable | 17/49 | €33,867 | €37,795 | +€3,928 | +11.6% |
| Amounts payable within one year | 42/48 | €33,867 | €37,795 | +€3,928 | +11.6% |
| Trade debts | 44 | €2,142 | €2,767 | +€625 | +29.2% |
| Suppliers | 440/4 | €2,142 | €2,767 | +€625 | +29.2% |
| Taxes, remuneration and social security | 45 | €17,507 | €32,415 | +€14,907 | +85.2% |
| Taxes | 450/3 | €17,507 | €32,415 | +€14,907 | +85.2% |
| Other amounts payable | 47/48 | €14,218 | €2,613 | -€11,605 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,615 | €879 | -€736 | -45.6% |
| Other operating charges | 640/8 | €502 | €532 | +€30 | +5.9% |
| Gross operating margin | 9900 | €58,537 | €69,822 | +€11,285 | +19.3% |
| Operating profit (loss) | 9901 | €56,421 | €68,411 | +€11,991 | +21.3% |
| Financial income | 75/76B | €0 | €4 | +€4 | +2,664% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +2,664% |
| Financial charges | 65/66B | €1,002 | €1,069 | +€66 | +6.6% |
| Recurring financial charges | 65 | €1,002 | €1,069 | +€66 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €55,418 | €67,347 | +€11,928 | +21.5% |
| Income taxes | 67/77 | €15,542 | €22,145 | +€6,604 | +42.5% |
| Profit (loss) for the period | 9904 | €39,877 | €45,201 | +€5,325 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,877 | €45,201 | +€5,325 | +13.4% |
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 14 October 2026 via checked.be.