tweak it: 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.
tweak it
Largest movements
- Current investments +€521,396
up €521,396 (+104.5%), from €498,727 to €1.0m
- Cash +€121,480
up €121,480 (+36.5%), from €332,970 to €454,450
mainly Net result for the year (+€592,074) and Other debts (+€529,282)
- Receivables within one year -€111,611
down €111,611 (-57.7%), from €193,270 to €81,660
- Other debts +€529,282
up €529,282 (+121.3%), from €436,238 to €965,520
- Profit (loss) carried forward -€300,000
down €300,000 (-91.7%), from €327,177 to €27,177
- Reserves +€292,074
up €292,074 (+42.2%), from €691,582 to €983,656
- Debts after one year -€62,465
down €62,465 (-21.7%), from €288,461 to €225,996
- Financial income +€170,157
up €170,157 (+4567.1%), from €3,726 to €173,883
- Gross operating margin +€168,075
up €168,075 (+24.6%), from €682,526 to €850,602
- Taxes +€53,113
up €53,113 (+40.0%), from €132,771 to €185,884
- Staff costs -€9,010
down €9,010 (-4.3%), from €208,727 to €199,718
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 | €1,941,785 | €2,430,271 | +€488,486 | +25.2% |
| Fixed assets | 21/28 | €883,464 | €861,992 | -€21,472 | -2.4% |
| Tangible fixed assets | 22/27 | €821,064 | €799,592 | -€21,472 | -2.6% |
| Furniture and vehicles | 24 | €19,492 | €19,624 | +€132 | +0.7% |
| Other tangible fixed assets | 26 | €801,573 | €779,969 | -€21,604 | -2.7% |
| Financial fixed assets | 28 | €62,400 | €62,400 | = | 0.0% |
| Current assets | 29/58 | €1,058,320 | €1,568,279 | +€509,958 | +48.2% |
| Stocks and contracts in progress | 3 | €2,563 | €0 | -€2,563 | -100.0% |
| Stocks | 30/36 | €2,563 | €0 | -€2,563 | -100.0% |
| Amounts receivable within one year | 40/41 | €193,270 | €81,660 | -€111,611 | -57.7% |
| Trade receivables | 40 | €193,270 | €81,660 | -€111,611 | -57.7% |
| Current investments | 50/53 | €498,727 | €1,020,123 | +€521,396 | +104.5% |
| Cash at bank and in hand | 54/58 | €332,970 | €454,450 | +€121,480 | +36.5% |
| Deferred charges and accrued income | 490/1 | €30,790 | €12,046 | -€18,744 | -60.9% |
| Total equity and liabilities | 10/49 | €1,941,785 | €2,430,271 | +€488,486 | +25.2% |
| Equity | 10/15 | €1,038,759 | €1,030,833 | -€7,926 | -0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €691,582 | €983,656 | +€292,074 | +42.2% |
| Distributable reserves | 133 | €691,582 | €983,656 | +€292,074 | +42.2% |
| Profit (loss) carried forward | 14 | €327,177 | €27,177 | -€300,000 | -91.7% |
| Amounts payable | 17/49 | €903,026 | €1,399,438 | +€496,413 | +55.0% |
| Amounts payable after more than one year | 17 | €288,461 | €225,996 | -€62,465 | -21.7% |
| Financial debts | 170/4 | €288,461 | €225,996 | -€62,465 | -21.7% |
| Amounts payable within one year | 42/48 | €599,898 | €1,158,776 | +€558,877 | +93.2% |
| Current portion of amounts payable after more than one year | 42 | €61,554 | €62,465 | +€911 | +1.5% |
| Trade debts | 44 | €45,210 | €66,211 | +€21,002 | +46.5% |
| Suppliers | 440/4 | €45,210 | €66,211 | +€21,002 | +46.5% |
| Taxes, remuneration and social security | 45 | €56,897 | €64,580 | +€7,682 | +13.5% |
| Taxes | 450/3 | €33,270 | €40,328 | +€7,059 | +21.2% |
| Remuneration and social security | 454/9 | €23,628 | €24,251 | +€624 | +2.6% |
| Other amounts payable | 47/48 | €436,238 | €965,520 | +€529,282 | +121.3% |
| Accrued charges and deferred income | 492/3 | €14,667 | €14,667 | -€0 | 0.0% |
| Remuneration, social security and pensions | 62 | €208,727 | €199,718 | -€9,010 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,560 | €37,679 | -€1,881 | -4.8% |
| Other operating charges | 640/8 | €2,565 | €3,257 | +€692 | +27.0% |
| Non-recurring operating charges | 66A | €0 | €347 | +€347 | |
| Gross operating margin | 9900 | €682,526 | €850,602 | +€168,075 | +24.6% |
| Operating profit (loss) | 9901 | €431,673 | €609,600 | +€177,927 | +41.2% |
| Financial income | 75/76B | €3,726 | €173,883 | +€170,157 | +4567.1% |
| Recurring financial income | 75 | €3,726 | €173,883 | +€170,157 | +4567.1% |
| Financial charges | 65/66B | €6,590 | €5,526 | -€1,064 | -16.1% |
| Recurring financial charges | 65 | €6,590 | €5,526 | -€1,064 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €428,809 | €777,957 | +€349,149 | +81.4% |
| Income taxes | 67/77 | €132,771 | €185,884 | +€53,113 | +40.0% |
| Profit (loss) for the period | 9904 | €296,038 | €592,074 | +€296,036 | +100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €296,038 | €592,074 | +€296,036 | +100.0% |
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 7 October 2026 via checked.be.