UP 2 DATE: 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.
UP 2 DATE
Largest movements
- Tangible fixed assets +€25,324
up €25,324 (+79.0%), from €32,048 to €57,372
of which Furniture and vehicles: +€29,365
- Receivables within one year +€17,532
up €17,532 (+40.3%), from €43,522 to €61,055
- Cash -€12,326
down €12,326 (-83.6%), from €14,750 to €2,424
mainly Investment in fixed assets (net) (-€35,562) and Receivables within one year (-€17,532)
- Other debts +€24,354
up €24,354 (+407%), from €5,989 to €30,343
- Reserves +€13,907
up €13,907 (+37.0%), from €37,597 to €51,504
of which Distributable reserves: +€13,907
- Debts after one year -€4,107
down €4,107 (-16.1%), from €25,530 to €21,423
- Tax, wage and social debts -€2,660
down €2,660 (-14.0%), from €18,972 to €16,312
- Trade debts -€1,313
down €1,313 (-37.6%), from €3,495 to €2,182
- Depreciation +€5,194
up €5,194 (+103%), from €5,044 to €10,238
- Gross operating margin +€3,432
up €3,432 (+11.2%), from €30,568 to €34,000
- Financial charges +€1,420
up €1,420 (+168%), from €845 to €2,265
- Taxes -€1,020
down €1,020 (-14.9%), from €6,842 to €5,822
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 | €94,800 | €125,368 | +€30,567 | +32.2% |
| Fixed assets | 21/28 | €32,048 | €57,372 | +€25,324 | +79.0% |
| Tangible fixed assets | 22/27 | €32,048 | €57,372 | +€25,324 | +79.0% |
| Land and buildings | 22 | €28,235 | €24,706 | -€3,529 | -12.5% |
| Plant, machinery and equipment | 23 | €1,760 | €2,352 | +€592 | +33.6% |
| Furniture and vehicles | 24 | €0 | €29,365 | +€29,365 | |
| Other tangible fixed assets | 26 | €2,053 | €949 | -€1,104 | -53.8% |
| Current assets | 29/58 | €62,752 | €67,996 | +€5,244 | +8.4% |
| Amounts receivable within one year | 40/41 | €43,522 | €61,055 | +€17,532 | +40.3% |
| Trade receivables | 40 | €43,522 | €61,055 | +€17,532 | +40.3% |
| Cash at bank and in hand | 54/58 | €14,750 | €2,424 | -€12,326 | -83.6% |
| Deferred charges and accrued income | 490/1 | €4,480 | €4,518 | +€38 | +0.8% |
| Total equity and liabilities | 10/49 | €94,800 | €125,368 | +€30,567 | +32.2% |
| Equity | 10/15 | €36,604 | €50,511 | +€13,907 | +38.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €37,597 | €51,504 | +€13,907 | +37.0% |
| Tax-exempt reserves | 132 | €3,500 | €3,500 | = | 0.0% |
| Distributable reserves | 133 | €34,097 | €48,004 | +€13,907 | +40.8% |
| Profit (loss) carried forward | 14 | -€8,993 | -€8,993 | = | 0.0% |
| Amounts payable | 17/49 | €58,197 | €74,857 | +€16,660 | +28.6% |
| Amounts payable after more than one year | 17 | €25,530 | €21,423 | -€4,107 | -16.1% |
| Financial debts | 170/4 | €25,530 | €21,423 | -€4,107 | -16.1% |
| Amounts payable within one year | 42/48 | €32,505 | €52,943 | +€20,438 | +62.9% |
| Current portion of amounts payable after more than one year | 42 | €4,049 | €4,107 | +€57 | +1.4% |
| Trade debts | 44 | €3,495 | €2,182 | -€1,313 | -37.6% |
| Suppliers | 440/4 | €3,495 | €2,182 | -€1,313 | -37.6% |
| Taxes, remuneration and social security | 45 | €18,972 | €16,312 | -€2,660 | -14.0% |
| Taxes | 450/3 | €18,972 | €16,312 | -€2,660 | -14.0% |
| Other amounts payable | 47/48 | €5,989 | €30,343 | +€24,354 | +407% |
| Accrued charges and deferred income | 492/3 | €162 | €490 | +€329 | +203% |
| Non-recurring operating income | 76A | - | €972 | +€972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,044 | €10,238 | +€5,194 | +103% |
| Other operating charges | 640/8 | €1,853 | €1,626 | -€227 | -12.3% |
| Non-recurring operating charges | 66A | - | €155 | +€155 | |
| Gross operating margin | 9900 | €30,568 | €34,000 | +€3,432 | +11.2% |
| Operating profit (loss) | 9901 | €23,671 | €21,981 | -€1,689 | -7.1% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €845 | €2,265 | +€1,420 | +168% |
| Recurring financial charges | 65 | €845 | €2,265 | +€1,420 | +168% |
| Profit (loss) for the period before taxes | 9903 | €22,826 | €19,730 | -€3,096 | -13.6% |
| Income taxes | 67/77 | €6,842 | €5,822 | -€1,020 | -14.9% |
| Profit (loss) for the period | 9904 | €15,984 | €13,907 | -€2,077 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,984 | €13,907 | -€2,077 | -13.0% |
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.