Two Triangles: 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.
Two Triangles
Largest movements
- Current investments +€70,070
new in 2025: €70,070
- Cash -€40,689
down €40,689 (-74.7%), from €54,487 to €13,798
mainly Contributions, distributions and other (-€127,550) and Current investments (-€70,070)
- Tangible fixed assets +€3,916
up €3,916 (+518.0%), from €756 to €4,672
of which Furniture and vehicles: +€4,146
- Stocks and contracts -€3,126
down €3,126 (-25.8%), from €12,106 to €8,980
- Receivables within one year +€2,311
up €2,311 (+18.2%), from €12,705 to €15,016
- Other debts +€98,006
up €98,006 (+5529.7%), from €1,772 to €99,778
- Profit (loss) carried forward -€64,442
down €64,442 (-100.0%), from €64,442 to €0
- Depreciation +€2,321
up €2,321 (+347.5%), from €668 to €2,989
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 | €83,400 | €116,014 | +€32,614 | +39.1% |
| Fixed assets | 21/28 | €756 | €4,672 | +€3,916 | +518.0% |
| Tangible fixed assets | 22/27 | €756 | €4,672 | +€3,916 | +518.0% |
| Plant, machinery and equipment | 23 | €230 | €0 | -€230 | -100.0% |
| Furniture and vehicles | 24 | €526 | €4,672 | +€4,146 | +788.1% |
| Current assets | 29/58 | €82,644 | €111,342 | +€28,698 | +34.7% |
| Stocks and contracts in progress | 3 | €12,106 | €8,980 | -€3,126 | -25.8% |
| Stocks | 30/36 | €12,106 | €8,980 | -€3,126 | -25.8% |
| Amounts receivable within one year | 40/41 | €12,705 | €15,016 | +€2,311 | +18.2% |
| Trade receivables | 40 | €12,705 | €15,016 | +€2,311 | +18.2% |
| Current investments | 50/53 | - | €70,070 | +€70,070 | |
| Cash at bank and in hand | 54/58 | €54,487 | €13,798 | -€40,689 | -74.7% |
| Deferred charges and accrued income | 490/1 | €3,347 | €3,479 | +€132 | +4.0% |
| Total equity and liabilities | 10/49 | €83,400 | €116,014 | +€32,614 | +39.1% |
| Equity | 10/15 | €71,442 | €7,000 | -€64,442 | -90.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,442 | €0 | -€64,442 | -100.0% |
| Amounts payable | 17/49 | €11,958 | €109,014 | +€97,055 | +811.6% |
| Amounts payable within one year | 42/48 | €11,958 | €109,014 | +€97,055 | +811.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €417 | €570 | +€153 | +36.6% |
| Suppliers | 440/4 | €417 | €570 | +€153 | +36.6% |
| Taxes, remuneration and social security | 45 | €9,769 | €8,666 | -€1,103 | -11.3% |
| Taxes | 450/3 | €9,769 | €8,666 | -€1,103 | -11.3% |
| Other amounts payable | 47/48 | €1,772 | €99,778 | +€98,006 | +5529.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668 | €2,989 | +€2,321 | +347.5% |
| Other operating charges | 640/8 | €653 | €674 | +€21 | +3.2% |
| Gross operating margin | 9900 | €82,946 | €83,347 | +€401 | +0.5% |
| Operating profit (loss) | 9901 | €81,625 | €79,684 | -€1,941 | -2.4% |
| Financial income | 75/76B | €5 | €100 | +€95 | +1967.6% |
| Recurring financial income | 75 | €5 | €100 | +€95 | +1967.6% |
| Financial charges | 65/66B | €271 | €75 | -€196 | -72.3% |
| Recurring financial charges | 65 | €271 | €75 | -€196 | -72.3% |
| Profit (loss) for the period before taxes | 9903 | €81,359 | €79,709 | -€1,650 | -2.0% |
| Income taxes | 67/77 | €16,917 | €16,600 | -€317 | -1.9% |
| Profit (loss) for the period | 9904 | €64,442 | €63,108 | -€1,333 | -2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,442 | €63,108 | -€1,333 | -2.1% |
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 29 September 2026 via checked.be.