UP AND UP: 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 AND UP
Largest movements
- Cash +€52,552
up €52,552 (+154%), from €34,082 to €86,634
mainly Net result for the year (+€43,812) and Tax, wage and social debts (+€28,915)
- Stocks and contracts +€4,847
up €4,847 (+41.3%), from €11,728 to €16,575
- Receivables within one year +€4,618
up €4,618 (+621%), from €744 to €5,362
of which Other amounts receivable: +€4,592
- Tangible fixed assets +€4,039
up €4,039 (+3.4%), from €119,390 to €123,429
of which Plant, machinery and equipment: +€5,270
- Profit (loss) carried forward +€43,812
up €43,812 (+73.5%), from -€59,579 to -€15,768
- Tax, wage and social debts +€28,915
up €28,915 (+173%), from €16,708 to €45,623
of which Remuneration and social security: +€25,020
- Debts after one year -€19,656
down €19,656 (-26.0%), from €75,482 to €55,826
- Trade debts +€8,762
up €8,762 (+76.3%), from €11,482 to €20,245
- Other debts +€3,430
up €3,430 (+3.4%), from €100,883 to €104,313
- Gross operating margin +€146,818
up €146,818 (+84.1%), from €174,571 to €321,389
- Staff costs +€127,503
up €127,503 (+116%), from €109,573 to €237,076
- Other operating charges -€7,558
down €7,558 (-68.8%), from €10,979 to €3,421
- Depreciation +€4,419
up €4,419 (+18.6%), from €23,748 to €28,167
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 | €176,733 | €242,264 | +€65,530 | +37.1% |
| Fixed assets | 21/28 | €130,011 | €133,466 | +€3,455 | +2.7% |
| Intangible fixed assets | 21 | €1,021 | €437 | -€584 | -57.2% |
| Tangible fixed assets | 22/27 | €119,390 | €123,429 | +€4,039 | +3.4% |
| Land and buildings | 22 | €652 | €572 | -€80 | -12.2% |
| Plant, machinery and equipment | 23 | €112,528 | €117,798 | +€5,270 | +4.7% |
| Furniture and vehicles | 24 | €3,081 | €2,327 | -€753 | -24.5% |
| Other tangible fixed assets | 26 | €3,129 | €2,731 | -€398 | -12.7% |
| Financial fixed assets | 28 | €9,600 | €9,600 | = | 0.0% |
| Current assets | 29/58 | €46,723 | €108,798 | +€62,075 | +133% |
| Stocks and contracts in progress | 3 | €11,728 | €16,575 | +€4,847 | +41.3% |
| Stocks | 30/36 | €11,728 | €16,575 | +€4,847 | +41.3% |
| Amounts receivable within one year | 40/41 | €744 | €5,362 | +€4,618 | +621% |
| Trade receivables | 40 | - | €26 | +€26 | |
| Other amounts receivable | 41 | €744 | €5,336 | +€4,592 | +617% |
| Cash at bank and in hand | 54/58 | €34,082 | €86,634 | +€52,552 | +154% |
| Deferred charges and accrued income | 490/1 | €168 | €226 | +€58 | +34.6% |
| Total equity and liabilities | 10/49 | €176,733 | €242,264 | +€65,530 | +37.1% |
| Equity | 10/15 | -€49,579 | -€5,768 | +€43,812 | +88.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,579 | -€15,768 | +€43,812 | +73.5% |
| Amounts payable | 17/49 | €226,313 | €248,031 | +€21,719 | +9.6% |
| Amounts payable after more than one year | 17 | €75,482 | €55,826 | -€19,656 | -26.0% |
| Financial debts | 170/4 | €75,482 | €55,826 | -€19,656 | -26.0% |
| Amounts payable within one year | 42/48 | €150,831 | €192,206 | +€41,375 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €21,455 | €21,944 | +€489 | +2.3% |
| Financial debts | 43 | €302 | €81 | -€221 | -73.2% |
| Credit institutions | 430/8 | €302 | €81 | -€221 | -73.2% |
| Trade debts | 44 | €11,482 | €20,245 | +€8,762 | +76.3% |
| Suppliers | 440/4 | €11,482 | €20,245 | +€8,762 | +76.3% |
| Taxes, remuneration and social security | 45 | €16,708 | €45,623 | +€28,915 | +173% |
| Taxes | 450/3 | €2,891 | €6,786 | +€3,895 | +135% |
| Remuneration and social security | 454/9 | €13,817 | €38,838 | +€25,020 | +181% |
| Other amounts payable | 47/48 | €100,883 | €104,313 | +€3,430 | +3.4% |
| Remuneration, social security and pensions | 62 | €109,573 | €237,076 | +€127,503 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,748 | €28,167 | +€4,419 | +18.6% |
| Other operating charges | 640/8 | €10,979 | €3,421 | -€7,558 | -68.8% |
| Gross operating margin | 9900 | €174,571 | €321,389 | +€146,818 | +84.1% |
| Operating profit (loss) | 9901 | €30,271 | €52,724 | +€22,453 | +74.2% |
| Financial income | 75/76B | €30 | €0 | -€29 | -98.8% |
| Recurring financial income | 75 | €30 | €0 | -€29 | -98.8% |
| Financial charges | 65/66B | €8,068 | €8,765 | +€697 | +8.6% |
| Recurring financial charges | 65 | €8,068 | €8,765 | +€697 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €22,232 | €43,959 | +€21,727 | +97.7% |
| Income taxes | 67/77 | €185 | €148 | -€38 | -20.3% |
| Profit (loss) for the period | 9904 | €22,047 | €43,812 | +€21,765 | +98.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,047 | €43,812 | +€21,765 | +98.7% |
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 25 October 2026 via checked.be.