TURNING POINT: 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.
TURNING POINT
Largest movements
- Cash +€174,791
up €174,791 (+261.6%), from €66,828 to €241,619
mainly Net result for the year (+€105,413) and Investment in fixed assets (net) (+€59,115)
- Tangible fixed assets -€60,799
down €60,799 (-86.5%), from €70,282 to €9,483
of which Land and buildings: -€68,999
- Profit (loss) carried forward +€75,365
up €75,365, from -€75,365 to €0
- Reserves +€30,048
new in 2025: €30,048
- Tax, wage and social debts +€4,684
up €4,684 (+585.3%), from €800 to €5,484
- Gross operating margin +€151,195
up €151,195, from -€8,106 to €143,089
- Taxes +€30,664
up €30,664 (+9883.2%), from €310 to €30,974
- Financial charges +€6,481
up €6,481 (+15821.6%), from €41 to €6,521
- Depreciation -€4,834
down €4,834 (-74.2%), from €6,518 to €1,684
- Financial income +€3,235
up €3,235 (+16174950.0%), from €0 to €3,235
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 | €137,996 | €251,102 | +€113,106 | +82.0% |
| Fixed assets | 21/28 | €70,282 | €9,483 | -€60,799 | -86.5% |
| Tangible fixed assets | 22/27 | €70,282 | €9,483 | -€60,799 | -86.5% |
| Land and buildings | 22 | €68,999 | €0 | -€68,999 | -100.0% |
| Plant, machinery and equipment | 23 | - | €1,500 | +€1,500 | |
| Furniture and vehicles | 24 | €1,282 | €7,983 | +€6,700 | +522.4% |
| Current assets | 29/58 | €67,714 | €241,619 | +€173,905 | +256.8% |
| Amounts receivable within one year | 40/41 | €384 | €0 | -€384 | -100.0% |
| Other amounts receivable | 41 | €384 | €0 | -€384 | -100.0% |
| Cash at bank and in hand | 54/58 | €66,828 | €241,619 | +€174,791 | +261.6% |
| Deferred charges and accrued income | 490/1 | €502 | €0 | -€502 | -100.0% |
| Total equity and liabilities | 10/49 | €137,996 | €251,102 | +€113,106 | +82.0% |
| Equity | 10/15 | €53,235 | €158,648 | +€105,413 | +198.0% |
| Contributions | 10/11 | €128,600 | €128,600 | = | 0.0% |
| Reserves | 13 | - | €30,048 | +€30,048 | |
| Distributable reserves | 133 | - | €30,048 | +€30,048 | |
| Profit (loss) carried forward | 14 | -€75,365 | €0 | +€75,365 | |
| Amounts payable | 17/49 | €84,761 | €92,454 | +€7,693 | +9.1% |
| Amounts payable within one year | 42/48 | €84,761 | €92,454 | +€7,693 | +9.1% |
| Trade debts | 44 | - | €966 | +€966 | |
| Suppliers | 440/4 | - | €966 | +€966 | |
| Taxes, remuneration and social security | 45 | €800 | €5,484 | +€4,684 | +585.3% |
| Taxes | 450/3 | €800 | €5,484 | +€4,684 | +585.3% |
| Other amounts payable | 47/48 | €83,961 | €86,004 | +€2,043 | +2.4% |
| Non-recurring operating income | 76A | - | €158,501 | +€158,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,518 | €1,684 | -€4,834 | -74.2% |
| Other operating charges | 640/8 | €3,084 | €1,732 | -€1,352 | -43.8% |
| Gross operating margin | 9900 | -€8,106 | €143,089 | +€151,195 | |
| Operating profit (loss) | 9901 | -€17,707 | €139,673 | +€157,380 | |
| Financial income | 75/76B | €0 | €3,235 | +€3,235 | +16174950.0% |
| Recurring financial income | 75 | €0 | €3,235 | +€3,235 | +16174950.0% |
| Financial charges | 65/66B | €41 | €6,521 | +€6,481 | +15821.6% |
| Recurring financial charges | 65 | €41 | €6,521 | +€6,481 | +15821.6% |
| Profit (loss) for the period before taxes | 9903 | -€17,748 | €136,386 | +€154,135 | |
| Income taxes | 67/77 | €310 | €30,974 | +€30,664 | +9883.2% |
| Profit (loss) for the period | 9904 | -€18,059 | €105,413 | +€123,471 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,059 | €105,413 | +€123,471 |
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.