U & D: 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.
U & D
Largest movements
- Receivables within one year +€14,229
up €14,229 (+58.4%), from €24,379 to €38,608
of which Other amounts receivable: +€21,429
- Tangible fixed assets +€4,208
up €4,208 (+292.7%), from €1,438 to €5,645
of which Furniture and vehicles: +€4,208
- Reserves +€16,364
up €16,364 (+879.8%), from €1,860 to €18,224
- Tax, wage and social debts +€6,826
new in 2025: €6,826
- Trade debts -€6,702
down €6,702 (-62.1%), from €10,787 to €4,085
- Current portion of long-term debt +€6,492
new in 2025: €6,492
- Advances received -€4,000
no longer reported in 2025 (was €4,000)
- Gross operating margin +€20,588
up €20,588 (+230.1%), from €8,947 to €29,535
- Taxes +€6,992
up €6,992, from -€165 to €6,826
- Financial charges +€1,654
up €1,654 (+116.1%), from €1,424 to €3,078
- Other operating charges +€1,067
up €1,067 (+262.9%), from €406 to €1,473
- Depreciation +€816
up €816 (+83.5%), from €977 to €1,792
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 | €29,351 | €47,874 | +€18,523 | +63.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,734 | €6,941 | +€4,208 | +153.9% |
| Tangible fixed assets | 22/27 | €1,438 | €5,645 | +€4,208 | +292.7% |
| Land and buildings | 22 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,438 | €5,645 | +€4,208 | +292.7% |
| Financial fixed assets | 28 | €1,296 | €1,296 | = | 0.0% |
| Current assets | 29/58 | €26,618 | €40,933 | +€14,315 | +53.8% |
| Amounts receivable within one year | 40/41 | €24,379 | €38,608 | +€14,229 | +58.4% |
| Trade receivables | 40 | €11,700 | €4,500 | -€7,200 | -61.5% |
| Other amounts receivable | 41 | €12,679 | €34,108 | +€21,429 | +169.0% |
| Cash at bank and in hand | 54/58 | €2,239 | €2,117 | -€123 | -5.5% |
| Deferred charges and accrued income | 490/1 | - | €209 | +€209 | |
| Total equity and liabilities | 10/49 | €29,351 | €47,874 | +€18,523 | +63.1% |
| Equity | 10/15 | -€14,211 | €2,155 | +€16,366 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €18,224 | +€16,364 | +879.8% |
| Non-distributable reserves | 130/1 | €1,860 | €18,224 | +€16,364 | +879.8% |
| Reserves not available under the articles | 1311 | €1,860 | €18,224 | +€16,364 | +879.8% |
| Profit (loss) carried forward | 14 | -€22,271 | -€22,269 | +€2 | 0.0% |
| Amounts payable | 17/49 | €43,563 | €45,720 | +€2,157 | +5.0% |
| Amounts payable after more than one year | 17 | €18,795 | €19,877 | +€1,082 | +5.8% |
| Financial debts | 170/4 | €18,795 | €19,877 | +€1,082 | +5.8% |
| Amounts payable within one year | 42/48 | €24,767 | €25,842 | +€1,075 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | - | €6,492 | +€6,492 | |
| Financial debts | 43 | €9,981 | €8,439 | -€1,542 | -15.4% |
| Credit institutions | 430/8 | €9,981 | €8,439 | -€1,542 | -15.4% |
| Trade debts | 44 | €10,787 | €4,085 | -€6,702 | -62.1% |
| Suppliers | 440/4 | €10,787 | €4,085 | -€6,702 | -62.1% |
| Advances received on contracts in progress | 46 | €4,000 | - | -€4,000 | |
| Taxes, remuneration and social security | 45 | - | €6,826 | +€6,826 | |
| Taxes | 450/3 | - | €6,826 | +€6,826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €977 | €1,792 | +€816 | +83.5% |
| Other operating charges | 640/8 | €406 | €1,473 | +€1,067 | +262.9% |
| Non-recurring operating charges | 66A | €11,450 | - | -€11,450 | |
| Gross operating margin | 9900 | €8,947 | €29,535 | +€20,588 | +230.1% |
| Operating profit (loss) | 9901 | -€3,885 | €26,271 | +€30,156 | |
| Financial charges | 65/66B | €1,424 | €3,078 | +€1,654 | +116.1% |
| Recurring financial charges | 65 | €1,424 | €3,078 | +€1,654 | +116.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,310 | €23,192 | +€28,502 | |
| Income taxes | 67/77 | -€165 | €6,826 | +€6,992 | |
| Profit (loss) for the period | 9904 | -€5,144 | €16,366 | +€21,510 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,144 | €16,366 | +€21,510 |
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 8 October 2026 via checked.be.