unlock: 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.
unlock
Largest movements
- Cash +€246,558
up €246,558 (+115.6%), from €213,288 to €459,846
mainly Net result for the year (+€439,174) and Tax, wage and social debts (+€139,955)
- Receivables within one year +€167,447
up €167,447 (+140.7%), from €119,023 to €286,470
- Tangible fixed assets +€15,774
up €15,774 (+198.7%), from €7,940 to €23,715
of which Furniture and vehicles: +€13,469
- Profit (loss) carried forward +€439,174
up €439,174 (+244.7%), from €179,446 to €618,620
- Tax, wage and social debts +€139,955
up €139,955 (+161.3%), from €86,769 to €226,724
- Trade debts -€124,276
down €124,276 (-85.9%), from €144,728 to €20,451
- Other debts -€24,530
down €24,530 (-78.9%), from €31,109 to €6,579
- Gross operating margin +€341,708
up €341,708 (+139.4%), from €245,151 to €586,859
- Taxes +€80,606
up €80,606 (+126.8%), from €63,548 to €144,154
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 | €445,256 | €875,374 | +€430,118 | +96.6% |
| Fixed assets | 21/28 | €7,940 | €23,715 | +€15,774 | +198.7% |
| Tangible fixed assets | 22/27 | €7,940 | €23,715 | +€15,774 | +198.7% |
| Plant, machinery and equipment | 23 | €2,202 | €4,507 | +€2,305 | +104.7% |
| Furniture and vehicles | 24 | €5,738 | €19,207 | +€13,469 | +234.7% |
| Current assets | 29/58 | €437,315 | €851,660 | +€414,344 | +94.7% |
| Amounts receivable within one year | 40/41 | €119,023 | €286,470 | +€167,447 | +140.7% |
| Trade receivables | 40 | €119,023 | €286,470 | +€167,447 | +140.7% |
| Current investments | 50/53 | €104,507 | €104,507 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €213,288 | €459,846 | +€246,558 | +115.6% |
| Deferred charges and accrued income | 490/1 | €497 | €836 | +€339 | +68.2% |
| Total equity and liabilities | 10/49 | €445,256 | €875,374 | +€430,118 | +96.6% |
| Equity | 10/15 | €182,446 | €621,620 | +€439,174 | +240.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,446 | €618,620 | +€439,174 | +244.7% |
| Amounts payable | 17/49 | €262,810 | €253,754 | -€9,055 | -3.4% |
| Amounts payable within one year | 42/48 | €262,606 | €253,754 | -€8,851 | -3.4% |
| Trade debts | 44 | €144,728 | €20,451 | -€124,276 | -85.9% |
| Suppliers | 440/4 | €144,728 | €20,451 | -€124,276 | -85.9% |
| Taxes, remuneration and social security | 45 | €86,769 | €226,724 | +€139,955 | +161.3% |
| Taxes | 450/3 | €86,769 | €226,724 | +€139,955 | +161.3% |
| Other amounts payable | 47/48 | €31,109 | €6,579 | -€24,530 | -78.9% |
| Accrued charges and deferred income | 492/3 | €204 | €0 | -€204 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,004 | €3,747 | +€1,743 | +87.0% |
| Other operating charges | 640/8 | - | €439 | +€439 | |
| Gross operating margin | 9900 | €245,151 | €586,859 | +€341,708 | +139.4% |
| Operating profit (loss) | 9901 | €243,147 | €582,673 | +€339,526 | +139.6% |
| Financial income | 75/76B | €221 | €786 | +€565 | +255.8% |
| Recurring financial income | 75 | €221 | €786 | +€565 | +255.8% |
| Financial charges | 65/66B | €373 | €131 | -€242 | -64.9% |
| Recurring financial charges | 65 | €373 | €131 | -€242 | -64.9% |
| Profit (loss) for the period before taxes | 9903 | €242,994 | €583,328 | +€340,334 | +140.1% |
| Income taxes | 67/77 | €63,548 | €144,154 | +€80,606 | +126.8% |
| Profit (loss) for the period | 9904 | €179,446 | €439,174 | +€259,728 | +144.7% |
| Profit (loss) for the period to be appropriated | 9905 | €179,446 | €439,174 | +€259,728 | +144.7% |
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 12 October 2026 via checked.be.