UP-TO-DATE WEBDESIGN: 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-TO-DATE WEBDESIGN
Largest movements
- Cash +€137,699
up €137,699 (+95.8%), from €143,796 to €281,495
mainly Net result for the year (+€196,137) and Short-term financial debts (+€75,163)
- Intangible fixed assets -€41,630
down €41,630 (-25.5%), from €163,393 to €121,763
- Tangible fixed assets -€31,215
down €31,215 (-77.3%), from €40,363 to €9,148
of which Furniture and vehicles: -€31,095
- Receivables within one year -€11,595
down €11,595 (-13.4%), from €86,239 to €74,644
of which Trade receivables: -€19,042
- Deferred charges and accrued income -€5,888
down €5,888 (-77.5%), from €7,599 to €1,712
- Profit (loss) carried forward +€77,366
no longer reported in 2025 (was -€77,366)
- Short-term financial debts +€75,163
new in 2025: €75,163
- Debts after one year -€65,905
down €65,905 (-29.9%), from €220,383 to €154,478
- Current portion of long-term debt -€40,792
down €40,792 (-44.9%), from €90,792 to €50,000
- Reserves +€18,771
up €18,771 (+82.8%), from €22,656 to €41,427
- Staff costs -€120,342
down €120,342 (-35.4%), from €339,562 to €219,221
- Gross operating margin +€81,772
up €81,772 (+16.8%), from €485,964 to €567,736
- Taxes +€61,965
up €61,965 (+535%), from €11,588 to €73,553
- Depreciation +€19,348
up €19,348 (+68.7%), from €28,165 to €47,513
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 | €441,627 | €488,998 | +€47,371 | +10.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €203,994 | €131,148 | -€72,846 | -35.7% |
| Intangible fixed assets | 21 | €163,393 | €121,763 | -€41,630 | -25.5% |
| Tangible fixed assets | 22/27 | €40,363 | €9,148 | -€31,215 | -77.3% |
| Plant, machinery and equipment | 23 | €565 | €445 | -€120 | -21.3% |
| Furniture and vehicles | 24 | €39,798 | €8,703 | -€31,095 | -78.1% |
| Financial fixed assets | 28 | €238 | €238 | = | 0.0% |
| Current assets | 29/58 | €237,634 | €357,850 | +€120,216 | +50.6% |
| Amounts receivable within one year | 40/41 | €86,239 | €74,644 | -€11,595 | -13.4% |
| Trade receivables | 40 | €76,278 | €57,236 | -€19,042 | -25.0% |
| Other amounts receivable | 41 | €9,961 | €17,407 | +€7,447 | +74.8% |
| Cash at bank and in hand | 54/58 | €143,796 | €281,495 | +€137,699 | +95.8% |
| Deferred charges and accrued income | 490/1 | €7,599 | €1,712 | -€5,888 | -77.5% |
| Total equity and liabilities | 10/49 | €441,627 | €488,998 | +€47,371 | +10.7% |
| Equity | 10/15 | -€36,110 | €60,027 | +€96,137 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,656 | €41,427 | +€18,771 | +82.8% |
| Distributable reserves | 133 | €22,656 | €41,427 | +€18,771 | +82.8% |
| Profit (loss) carried forward | 14 | -€77,366 | - | +€77,366 | |
| Amounts payable | 17/49 | €477,737 | €428,971 | -€48,766 | -10.2% |
| Amounts payable after more than one year | 17 | €220,383 | €154,478 | -€65,905 | -29.9% |
| Financial debts | 170/4 | €220,383 | €154,478 | -€65,905 | -29.9% |
| Amounts payable within one year | 42/48 | €235,287 | €264,837 | +€29,550 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €90,792 | €50,000 | -€40,792 | -44.9% |
| Financial debts | 43 | - | €75,163 | +€75,163 | |
| Other loans | 439 | - | €75,163 | +€75,163 | |
| Trade debts | 44 | €68,479 | €50,471 | -€18,009 | -26.3% |
| Suppliers | 440/4 | €68,479 | €50,471 | -€18,009 | -26.3% |
| Taxes, remuneration and social security | 45 | €76,016 | €89,203 | +€13,187 | +17.3% |
| Taxes | 450/3 | €38,554 | €67,333 | +€28,779 | +74.6% |
| Remuneration and social security | 454/9 | €37,462 | €21,870 | -€15,592 | -41.6% |
| Accrued charges and deferred income | 492/3 | €22,067 | €9,656 | -€12,411 | -56.2% |
| Non-recurring operating income | 76A | - | €5,246 | +€5,246 | |
| Remuneration, social security and pensions | 62 | €339,562 | €219,221 | -€120,342 | -35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,165 | €47,513 | +€19,348 | +68.7% |
| Other operating charges | 640/8 | €5,781 | €5,554 | -€227 | -3.9% |
| Non-recurring operating charges | 66A | - | €6,830 | +€6,830 | |
| Gross operating margin | 9900 | €485,964 | €567,736 | +€81,772 | +16.8% |
| Operating profit (loss) | 9901 | €112,456 | €288,620 | +€176,164 | +157% |
| Financial income | 75/76B | - | €308 | +€308 | |
| Recurring financial income | 75 | - | €308 | +€308 | |
| Financial charges | 65/66B | €15,808 | €19,237 | +€3,429 | +21.7% |
| Recurring financial charges | 65 | €15,808 | €19,237 | +€3,429 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €96,648 | €269,690 | +€173,042 | +179% |
| Income taxes | 67/77 | €11,588 | €73,553 | +€61,965 | +535% |
| Profit (loss) for the period | 9904 | €85,060 | €196,137 | +€111,077 | +131% |
| Profit (loss) for the period to be appropriated | 9905 | €85,060 | €196,137 | +€111,077 | +131% |
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 23 October 2026 via checked.be.