Untyped: 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.
Untyped
Largest movements
- Cash +€84,153
up €84,153 (+418%), from €20,119 to €104,272
mainly Net result for the year (+€62,589) and Tax, wage and social debts (+€12,142)
- Tangible fixed assets -€3,707
down €3,707 (-41.8%), from €8,861 to €5,154
of which Plant, machinery and equipment: -€2,501
- Reserves +€62,589
up €62,589 (+181%), from €34,543 to €97,132
- Tax, wage and social debts +€12,142
up €12,142 (+175%), from €6,956 to €19,097
- Other debts +€3,477
up €3,477 (+1,575%), from €221 to €3,698
- Trade debts +€2,850
up €2,850 (+112%), from €2,537 to €5,387
- Gross operating margin +€1,019
up €1,019 (+1.2%), from €83,554 to €84,573
- Financial income -€952
no longer reported in 2025 (was €952)
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 | €62,856 | €143,914 | +€81,058 | +129% |
| Fixed assets | 21/28 | €8,861 | €5,154 | -€3,707 | -41.8% |
| Tangible fixed assets | 22/27 | €8,861 | €5,154 | -€3,707 | -41.8% |
| Plant, machinery and equipment | 23 | €5,600 | €3,098 | -€2,501 | -44.7% |
| Furniture and vehicles | 24 | €3,261 | €2,055 | -€1,206 | -37.0% |
| Current assets | 29/58 | €53,995 | €138,760 | +€84,765 | +157% |
| Amounts receivable within one year | 40/41 | €31,630 | €32,159 | +€530 | +1.7% |
| Trade receivables | 40 | €31,630 | €32,159 | +€530 | +1.7% |
| Current investments | 50/53 | €600 | €600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €20,119 | €104,272 | +€84,153 | +418% |
| Deferred charges and accrued income | 490/1 | €1,647 | €1,729 | +€82 | +5.0% |
| Total equity and liabilities | 10/49 | €62,856 | €143,914 | +€81,058 | +129% |
| Equity | 10/15 | €53,143 | €115,732 | +€62,589 | +118% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,543 | €97,132 | +€62,589 | +181% |
| Distributable reserves | 133 | €34,543 | €97,132 | +€62,589 | +181% |
| Amounts payable | 17/49 | €9,713 | €28,181 | +€18,469 | +190% |
| Amounts payable within one year | 42/48 | €9,713 | €28,181 | +€18,469 | +190% |
| Trade debts | 44 | €2,537 | €5,387 | +€2,850 | +112% |
| Suppliers | 440/4 | €2,537 | €5,387 | +€2,850 | +112% |
| Taxes, remuneration and social security | 45 | €6,956 | €19,097 | +€12,142 | +175% |
| Taxes | 450/3 | €6,956 | €19,097 | +€12,142 | +175% |
| Other amounts payable | 47/48 | €221 | €3,698 | +€3,477 | +1,575% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,348 | €3,707 | +€359 | +10.7% |
| Other operating charges | 640/8 | €818 | €716 | -€102 | -12.5% |
| Gross operating margin | 9900 | €83,554 | €84,573 | +€1,019 | +1.2% |
| Operating profit (loss) | 9901 | €79,388 | €80,150 | +€762 | +1.0% |
| Financial income | 75/76B | €952 | - | -€952 | |
| Recurring financial income | 75 | €952 | - | -€952 | |
| Financial charges | 65/66B | €71 | €45 | -€26 | -36.6% |
| Recurring financial charges | 65 | €71 | €45 | -€26 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €80,268 | €80,104 | -€164 | -0.2% |
| Income taxes | 67/77 | €17,160 | €17,515 | +€355 | +2.1% |
| Profit (loss) for the period | 9904 | €63,108 | €62,589 | -€519 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,108 | €62,589 | -€519 | -0.8% |
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 15 October 2026 via checked.be.