UPPER FINISH: what changed
Two fiscal 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.
UPPER FINISH
Largest movements
- Receivables within one year +€5,913
up €5,913 (+21.3%), from €27,729 to €33,641
of which Other amounts receivable: +€5,889
- Tangible fixed assets -€2,000
down €2,000 (-50.0%), from €4,000 to €2,000
- Tax, wage and social debts +€4,043
new in 2025: €4,043
- Short-term financial debts -€987
down €987 (-25.6%), from €3,855 to €2,868
- Profit (loss) carried forward +€657
up €657 (+2.6%), from €25,552 to €26,209
- Accrued charges and deferred income +€421
up €421 (+518.0%), from €81 to €503
- Gross operating margin -€23,449
down €23,449 (-62.4%), from €37,592 to €14,143
- Taxes +€4,043
new in 2025: €4,043
- Financial income +€2,371
new in 2025: €2,371
- Financial charges -€1,387
down €1,387 (-14.8%), from €9,351 to €7,965
- Other operating charges +€1,160
up €1,160 (+168.4%), from €689 to €1,849
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,845 | €35,641 | +€3,796 | +11.9% |
| Fixed assets | 21/28 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Tangible fixed assets | 22/27 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Furniture and vehicles | 24 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Current assets | 29/58 | €27,845 | €33,641 | +€5,796 | +20.8% |
| Amounts receivable within one year | 40/41 | €27,729 | €33,641 | +€5,913 | +21.3% |
| Trade receivables | 40 | €23,596 | €23,620 | +€24 | +0.1% |
| Other amounts receivable | 41 | €4,132 | €10,021 | +€5,889 | +142.5% |
| Deferred charges and accrued income | 490/1 | €117 | - | -€117 | |
| Total equity and liabilities | 10/49 | €31,845 | €35,641 | +€3,796 | +11.9% |
| Equity | 10/15 | €27,552 | €28,209 | +€657 | +2.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,552 | €26,209 | +€657 | +2.6% |
| Amounts payable | 17/49 | €4,293 | €7,432 | +€3,139 | +73.1% |
| Amounts payable within one year | 42/48 | €4,212 | €6,929 | +€2,717 | +64.5% |
| Financial debts | 43 | €3,855 | €2,868 | -€987 | -25.6% |
| Credit institutions | 430/8 | €3,855 | €2,868 | -€987 | -25.6% |
| Trade debts | 44 | €357 | €19 | -€338 | -94.7% |
| Suppliers | 440/4 | €357 | €19 | -€338 | -94.7% |
| Taxes, remuneration and social security | 45 | - | €4,043 | +€4,043 | |
| Taxes | 450/3 | - | €4,043 | +€4,043 | |
| Accrued charges and deferred income | 492/3 | €81 | €503 | +€421 | +518.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,000 | = | 0.0% |
| Other operating charges | 640/8 | €689 | €1,849 | +€1,160 | +168.4% |
| Gross operating margin | 9900 | €37,592 | €14,143 | -€23,449 | -62.4% |
| Operating profit (loss) | 9901 | €34,903 | €10,294 | -€24,610 | -70.5% |
| Financial income | 75/76B | - | €2,371 | +€2,371 | |
| Recurring financial income | 75 | - | €2,371 | +€2,371 | |
| Financial charges | 65/66B | €9,351 | €7,965 | -€1,387 | -14.8% |
| Recurring financial charges | 65 | €9,351 | €7,965 | -€1,387 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €25,552 | €4,700 | -€20,852 | -81.6% |
| Income taxes | 67/77 | - | €4,043 | +€4,043 | |
| Profit (loss) for the period | 9904 | €25,552 | €657 | -€24,895 | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,552 | €657 | -€24,895 | -97.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.