Two sons: 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.
Two sons
Largest movements
- Receivables within one year -€18,383
down €18,383 (-72.0%), from €25,534 to €7,151
of which Other amounts receivable: -€17,903
- Cash +€8,576
up €8,576 (+8.1%), from €106,069 to €114,644
mainly Other debts (+€60,161) and Net result for the year (+€24,670)
- Profit (loss) carried forward -€82,508
no longer reported in 2025 (was €82,508)
- Other debts +€60,161
up €60,161 (+283%), from €21,250 to €81,411
- Reserves +€13,061
new in 2025: €13,061
- Trade debts -€3,095
down €3,095 (-66.9%), from €4,628 to €1,534
- Tax, wage and social debts +€1,767
up €1,767 (+6.7%), from €26,248 to €28,015
of which Taxes: +€1,641
- Gross operating margin -€3,517
down €3,517 (-9.8%), from €35,744 to €32,228
- Taxes -€1,461
down €1,461 (-19.0%), from €7,690 to €6,230
- Other operating charges -€798
down €798 (-52.8%), from €1,512 to €714
- Depreciation -€369
down €369 (-31.4%), from €1,176 to €807
- Financial income -€359
down €359 (-39.0%), from €921 to €562
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 | €135,635 | €125,021 | -€10,614 | -7.8% |
| Fixed assets | 21/28 | €4,033 | €3,226 | -€807 | -20.0% |
| Tangible fixed assets | 22/27 | €4,033 | €3,226 | -€807 | -20.0% |
| Furniture and vehicles | 24 | €617 | €190 | -€427 | -69.2% |
| Other tangible fixed assets | 26 | €3,416 | €3,036 | -€380 | -11.1% |
| Current assets | 29/58 | €131,602 | €121,795 | -€9,808 | -7.5% |
| Amounts receivable within one year | 40/41 | €25,534 | €7,151 | -€18,383 | -72.0% |
| Trade receivables | 40 | €5,360 | €4,880 | -€480 | -9.0% |
| Other amounts receivable | 41 | €20,174 | €2,271 | -€17,903 | -88.7% |
| Cash at bank and in hand | 54/58 | €106,069 | €114,644 | +€8,576 | +8.1% |
| Total equity and liabilities | 10/49 | €135,635 | €125,021 | -€10,614 | -7.8% |
| Equity | 10/15 | €83,508 | €14,061 | -€69,447 | -83.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €13,061 | +€13,061 | |
| Distributable reserves | 133 | - | €13,061 | +€13,061 | |
| Profit (loss) carried forward | 14 | €82,508 | - | -€82,508 | |
| Amounts payable | 17/49 | €52,127 | €110,960 | +€58,833 | +113% |
| Amounts payable within one year | 42/48 | €52,127 | €110,960 | +€58,833 | +113% |
| Trade debts | 44 | €4,628 | €1,534 | -€3,095 | -66.9% |
| Suppliers | 440/4 | €4,628 | €1,534 | -€3,095 | -66.9% |
| Taxes, remuneration and social security | 45 | €26,248 | €28,015 | +€1,767 | +6.7% |
| Taxes | 450/3 | €23,772 | €25,414 | +€1,641 | +6.9% |
| Remuneration and social security | 454/9 | €2,476 | €2,602 | +€126 | +5.1% |
| Other amounts payable | 47/48 | €21,250 | €81,411 | +€60,161 | +283% |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,176 | €807 | -€369 | -31.4% |
| Other operating charges | 640/8 | €1,512 | €714 | -€798 | -52.8% |
| Gross operating margin | 9900 | €35,744 | €32,228 | -€3,517 | -9.8% |
| Operating profit (loss) | 9901 | €33,057 | €30,707 | -€2,350 | -7.1% |
| Financial income | 75/76B | €921 | €562 | -€359 | -39.0% |
| Recurring financial income | 75 | €921 | €562 | -€359 | -39.0% |
| Financial charges | 65/66B | €269 | €370 | +€100 | +37.3% |
| Recurring financial charges | 65 | €269 | €370 | +€100 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €33,708 | €30,899 | -€2,809 | -8.3% |
| Income taxes | 67/77 | €7,690 | €6,230 | -€1,461 | -19.0% |
| Profit (loss) for the period | 9904 | €26,018 | €24,670 | -€1,348 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,018 | €24,670 | -€1,348 | -5.2% |
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 23 October 2026 via checked.be.