Unfolds: 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.
Unfolds
Largest movements
- Receivables within one year -€22,986
down €22,986 (-35.1%), from €65,552 to €42,566
of which Trade receivables: -€19,829
- Cash +€16,948
up €16,948 (+10.8%), from €156,562 to €173,510
mainly Net result for the year (+€56,377) and Receivables within one year (+€22,986)
- Reserves +€56,377
up €56,377 (+42.1%), from €133,760 to €190,137
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Tax, wage and social debts -€14,126
down €14,126 (-76.1%), from €18,565 to €4,439
- Trade debts +€3,119
up €3,119 (+91.2%), from €3,419 to €6,538
- Gross operating margin -€10,147
down €10,147 (-11.8%), from €85,964 to €75,818
- Financial income -€6,339
down €6,339 (-86.0%), from €7,370 to €1,032
of which Non-recurring financial income: -€6,200
- Taxes -€4,131
down €4,131 (-21.3%), from €19,418 to €15,287
- Other operating charges +€1,808
up €1,808 (+143%), from €1,267 to €3,075
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 | €225,832 | €221,213 | -€4,618 | -2.0% |
| Fixed assets | 21/28 | €2,367 | €4,422 | +€2,055 | +86.8% |
| Tangible fixed assets | 22/27 | €2,367 | €4,422 | +€2,055 | +86.8% |
| Plant, machinery and equipment | 23 | €1,942 | €1,177 | -€765 | -39.4% |
| Furniture and vehicles | 24 | €425 | €3,244 | +€2,820 | +664% |
| Current assets | 29/58 | €223,465 | €216,791 | -€6,673 | -3.0% |
| Amounts receivable within one year | 40/41 | €65,552 | €42,566 | -€22,986 | -35.1% |
| Trade receivables | 40 | €30,899 | €11,069 | -€19,829 | -64.2% |
| Other amounts receivable | 41 | €34,654 | €31,497 | -€3,157 | -9.1% |
| Cash at bank and in hand | 54/58 | €156,562 | €173,510 | +€16,948 | +10.8% |
| Deferred charges and accrued income | 490/1 | €1,351 | €715 | -€635 | -47.0% |
| Total equity and liabilities | 10/49 | €225,832 | €221,213 | -€4,618 | -2.0% |
| Equity | 10/15 | €152,310 | €208,687 | +€56,377 | +37.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €133,760 | €190,137 | +€56,377 | +42.1% |
| Distributable reserves | 133 | €133,760 | €190,137 | +€56,377 | +42.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €73,522 | €12,527 | -€60,995 | -83.0% |
| Amounts payable within one year | 42/48 | €71,984 | €10,977 | -€61,007 | -84.8% |
| Trade debts | 44 | €3,419 | €6,538 | +€3,119 | +91.2% |
| Suppliers | 440/4 | €3,419 | €6,538 | +€3,119 | +91.2% |
| Taxes, remuneration and social security | 45 | €18,565 | €4,439 | -€14,126 | -76.1% |
| Taxes | 450/3 | €18,565 | €4,439 | -€14,126 | -76.1% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Accrued charges and deferred income | 492/3 | €1,537 | €1,550 | +€12 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €660 | €1,175 | +€515 | +78.0% |
| Other operating charges | 640/8 | €1,267 | €3,075 | +€1,808 | +143% |
| Gross operating margin | 9900 | €85,964 | €75,818 | -€10,147 | -11.8% |
| Operating profit (loss) | 9901 | €84,037 | €71,567 | -€12,470 | -14.8% |
| Financial income | 75/76B | €7,370 | €1,032 | -€6,339 | -86.0% |
| Recurring financial income | 75 | €1,170 | €1,032 | -€139 | -11.8% |
| Non-recurring financial income | 76B | €6,200 | €0 | -€6,200 | -100% |
| Financial charges | 65/66B | €1,293 | €936 | -€358 | -27.7% |
| Recurring financial charges | 65 | €1,293 | €936 | -€358 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €90,114 | €71,663 | -€18,451 | -20.5% |
| Income taxes | 67/77 | €19,418 | €15,287 | -€4,131 | -21.3% |
| Profit (loss) for the period | 9904 | €70,697 | €56,377 | -€14,320 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,697 | €56,377 | -€14,320 | -20.3% |
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 25 October 2026 via checked.be.