TRUSTED ADVISOR: 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.
TRUSTED ADVISOR
Largest movements
- Receivables within one year +€68,301
up €68,301 (+30.4%), from €224,678 to €292,979
of which Other amounts receivable: +€72,393
- Cash +€11,044
up €11,044 (+168.9%), from €6,538 to €17,582
mainly Net result for the year (+€68,637) and Tax, wage and social debts (+€12,556)
- Current investments +€5,970
new in 2025: €5,970
- Profit (loss) carried forward +€68,637
up €68,637 (+32.4%), from €211,784 to €280,421
- Tax, wage and social debts +€12,556
up €12,556 (+169.3%), from €7,416 to €19,972
- Gross operating margin +€44,319
up €44,319 (+85.4%), from €51,879 to €96,198
- Taxes +€13,745
up €13,745 (+115.2%), from €11,930 to €25,675
- Financial income +€2,143
up €2,143 (+36.0%), from €5,948 to €8,091
- Depreciation -€1,213
down €1,213 (-17.8%), from €6,827 to €5,614
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 | €257,871 | €341,203 | +€83,332 | +32.3% |
| Fixed assets | 21/28 | €24,237 | €22,093 | -€2,145 | -8.8% |
| Tangible fixed assets | 22/27 | €24,237 | €22,093 | -€2,145 | -8.8% |
| Plant, machinery and equipment | 23 | €24,237 | €22,093 | -€2,145 | -8.8% |
| Current assets | 29/58 | €233,633 | €319,110 | +€85,477 | +36.6% |
| Amounts receivable within one year | 40/41 | €224,678 | €292,979 | +€68,301 | +30.4% |
| Trade receivables | 40 | €19,753 | €15,660 | -€4,093 | -20.7% |
| Other amounts receivable | 41 | €204,925 | €277,319 | +€72,393 | +35.3% |
| Current investments | 50/53 | - | €5,970 | +€5,970 | |
| Cash at bank and in hand | 54/58 | €6,538 | €17,582 | +€11,044 | +168.9% |
| Deferred charges and accrued income | 490/1 | €2,417 | €2,579 | +€162 | +6.7% |
| Total equity and liabilities | 10/49 | €257,871 | €341,203 | +€83,332 | +32.3% |
| Equity | 10/15 | €248,984 | €317,621 | +€68,637 | +27.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,600 | €18,600 | = | 0.0% |
| Distributable reserves | 133 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €211,784 | €280,421 | +€68,637 | +32.4% |
| Amounts payable | 17/49 | €8,887 | €23,582 | +€14,695 | +165.4% |
| Amounts payable after more than one year | 17 | - | €1,368 | +€1,368 | |
| Financial debts | 170/4 | - | €1,368 | +€1,368 | |
| Amounts payable within one year | 42/48 | €7,880 | €21,737 | +€13,858 | +175.9% |
| Current portion of amounts payable after more than one year | 42 | - | €729 | +€729 | |
| Trade debts | 44 | €464 | €1,036 | +€572 | +123.4% |
| Suppliers | 440/4 | €464 | €1,036 | +€572 | +123.4% |
| Taxes, remuneration and social security | 45 | €7,416 | €19,972 | +€12,556 | +169.3% |
| Taxes | 450/3 | €7,416 | €19,972 | +€12,556 | +169.3% |
| Accrued charges and deferred income | 492/3 | €1,007 | €476 | -€531 | -52.7% |
| Non-recurring operating income | 76A | €5,609 | - | -€5,609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,827 | €5,614 | -€1,213 | -17.8% |
| Other operating charges | 640/8 | €417 | €465 | +€48 | +11.6% |
| Gross operating margin | 9900 | €51,879 | €96,198 | +€44,319 | +85.4% |
| Operating profit (loss) | 9901 | €44,635 | €90,119 | +€45,484 | +101.9% |
| Financial income | 75/76B | €5,948 | €8,091 | +€2,143 | +36.0% |
| Recurring financial income | 75 | €5,948 | €8,091 | +€2,143 | +36.0% |
| Financial charges | 65/66B | €4,415 | €3,897 | -€518 | -11.7% |
| Recurring financial charges | 65 | €4,415 | €3,897 | -€518 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €46,169 | €94,313 | +€48,144 | +104.3% |
| Income taxes | 67/77 | €11,930 | €25,675 | +€13,745 | +115.2% |
| Profit (loss) for the period | 9904 | €34,239 | €68,637 | +€34,399 | +100.5% |
| Profit (loss) for the period to be appropriated | 9905 | €34,239 | €68,637 | +€34,399 | +100.5% |
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.