ULTIMATE SKILL: 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.
ULTIMATE SKILL
Largest movements
- Cash -€24,133
down €24,133 (-31.2%), from €77,309 to €53,176
mainly Contributions, distributions and other (-€115,333) and Tax, wage and social debts (-€17,727)
- Receivables within one year +€9,691
up €9,691 (+4.0%), from €244,381 to €254,071
of which Other amounts receivable: +€18,081
- Tangible fixed assets -€6,956
down €6,956 (-19.4%), from €35,812 to €28,856
of which Furniture and vehicles: -€5,168
- Other debts +€89,974
up €89,974 (+355%), from €25,359 to €115,333
- Reserves -€87,647
down €87,647 (-48.2%), from €181,696 to €94,048
of which Distributable reserves: -€87,647
- Tax, wage and social debts -€17,727
down €17,727 (-40.8%), from €43,403 to €25,676
of which Taxes: -€18,837
- Trade debts -€5,165
down €5,165 (-17.0%), from €30,371 to €25,205
- Gross operating margin -€13,195
down €13,195 (-14.8%), from €89,067 to €75,872
- Taxes -€4,331
down €4,331 (-24.8%), from €17,475 to €13,144
- Depreciation -€3,242
down €3,242 (-25.2%), from €12,843 to €9,601
- Staff costs +€1,342
up €1,342 (+5.0%), from €26,810 to €28,153
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 | €357,799 | €336,400 | -€21,399 | -6.0% |
| Fixed assets | 21/28 | €36,109 | €29,153 | -€6,956 | -19.3% |
| Tangible fixed assets | 22/27 | €35,812 | €28,856 | -€6,956 | -19.4% |
| Land and buildings | 22 | €18,410 | €16,022 | -€2,388 | -13.0% |
| Plant, machinery and equipment | 23 | €3,545 | €4,145 | +€600 | +16.9% |
| Furniture and vehicles | 24 | €12,606 | €7,438 | -€5,168 | -41.0% |
| Other tangible fixed assets | 26 | €1,250 | €1,250 | = | 0.0% |
| Financial fixed assets | 28 | €297 | €297 | = | 0.0% |
| Current assets | 29/58 | €321,689 | €307,247 | -€14,442 | -4.5% |
| Amounts receivable within one year | 40/41 | €244,381 | €254,071 | +€9,691 | +4.0% |
| Trade receivables | 40 | €42,692 | €34,302 | -€8,391 | -19.7% |
| Other amounts receivable | 41 | €201,688 | €219,769 | +€18,081 | +9.0% |
| Cash at bank and in hand | 54/58 | €77,309 | €53,176 | -€24,133 | -31.2% |
| Total equity and liabilities | 10/49 | €357,799 | €336,400 | -€21,399 | -6.0% |
| Equity | 10/15 | €258,666 | €170,186 | -€88,480 | -34.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €181,696 | €94,048 | -€87,647 | -48.2% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €179,596 | €91,948 | -€87,647 | -48.8% |
| Profit (loss) carried forward | 14 | €55,970 | €55,137 | -€833 | -1.5% |
| Amounts payable | 17/49 | €99,132 | €166,214 | +€67,082 | +67.7% |
| Amounts payable within one year | 42/48 | €99,132 | €166,214 | +€67,082 | +67.7% |
| Trade debts | 44 | €30,371 | €25,205 | -€5,165 | -17.0% |
| Suppliers | 440/4 | €30,371 | €25,205 | -€5,165 | -17.0% |
| Taxes, remuneration and social security | 45 | €43,403 | €25,676 | -€17,727 | -40.8% |
| Taxes | 450/3 | €35,607 | €16,770 | -€18,837 | -52.9% |
| Remuneration and social security | 454/9 | €7,796 | €8,906 | +€1,110 | +14.2% |
| Other amounts payable | 47/48 | €25,359 | €115,333 | +€89,974 | +355% |
| Remuneration, social security and pensions | 62 | €26,810 | €28,153 | +€1,342 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,843 | €9,601 | -€3,242 | -25.2% |
| Other operating charges | 640/8 | €2,955 | €3,042 | +€87 | +2.9% |
| Gross operating margin | 9900 | €89,067 | €75,872 | -€13,195 | -14.8% |
| Operating profit (loss) | 9901 | €46,458 | €35,076 | -€11,382 | -24.5% |
| Financial income | 75/76B | €6,027 | €5,808 | -€218 | -3.6% |
| Recurring financial income | 75 | €6,027 | €5,808 | -€218 | -3.6% |
| Financial charges | 65/66B | €914 | €888 | -€26 | -2.9% |
| Recurring financial charges | 65 | €914 | €888 | -€26 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €51,571 | €39,996 | -€11,574 | -22.4% |
| Income taxes | 67/77 | €17,475 | €13,144 | -€4,331 | -24.8% |
| Profit (loss) for the period | 9904 | €34,096 | €26,853 | -€7,243 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,096 | €26,853 | -€7,243 | -21.2% |
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 13 October 2026 via checked.be.