UPSHOT: 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.
UPSHOT
Largest movements
- Receivables within one year +€3,872
up €3,872 (+7123.7%), from €54 to €3,927
of which Trade receivables: +€3,661
- Cash -€937
down €937 (-7.2%), from €13,098 to €12,161
mainly Receivables within one year (-€3,872) and Other debts (-€3,827)
- Tangible fixed assets -€584
down €584 (-12.7%), from €4,590 to €4,007
- Deferred charges and accrued income +€297
up €297, from €0 to €297
- Reserves +€4,084
new in 2025: €4,084
- Other debts -€3,827
down €3,827 (-100.0%), from €3,827 to €0
- Tax, wage and social debts +€2,332
new in 2025: €2,332
- Gross operating margin -€7,971
down €7,971 (-47.7%), from €16,694 to €8,723
- Taxes +€1,672
up €1,672, from €0 to €1,672
- Depreciation +€843
up €843 (+70.1%), from €1,202 to €2,046
- Other operating charges +€423
up €423 (+110.1%), from €384 to €808
- Financial charges -€315
down €315 (-73.4%), from €429 to €114
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
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 | €17,743 | €20,391 | +€2,649 | +14.9% |
| Fixed assets | 21/28 | €4,590 | €4,007 | -€584 | -12.7% |
| Tangible fixed assets | 22/27 | €4,590 | €4,007 | -€584 | -12.7% |
| Plant, machinery and equipment | 23 | €4,590 | €4,007 | -€584 | -12.7% |
| Current assets | 29/58 | €13,153 | €16,385 | +€3,232 | +24.6% |
| Amounts receivable within one year | 40/41 | €54 | €3,927 | +€3,872 | +7123.7% |
| Trade receivables | 40 | €50 | €3,711 | +€3,661 | +7300.9% |
| Other amounts receivable | 41 | €4 | €216 | +€212 | +5018.5% |
| Cash at bank and in hand | 54/58 | €13,098 | €12,161 | -€937 | -7.2% |
| Deferred charges and accrued income | 490/1 | €0 | €297 | +€297 | |
| Total equity and liabilities | 10/49 | €17,743 | €20,391 | +€2,649 | +14.9% |
| Equity | 10/15 | €13,142 | €17,226 | +€4,084 | +31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €4,084 | +€4,084 | |
| Distributable reserves | 133 | - | €4,084 | +€4,084 | |
| Profit (loss) carried forward | 14 | -€5,458 | -€5,458 | = | 0.0% |
| Amounts payable | 17/49 | €4,600 | €3,165 | -€1,435 | -31.2% |
| Amounts payable within one year | 42/48 | €4,600 | €3,165 | -€1,435 | -31.2% |
| Trade debts | 44 | €774 | €833 | +€59 | +7.6% |
| Suppliers | 440/4 | €774 | €833 | +€59 | +7.6% |
| Taxes, remuneration and social security | 45 | - | €2,332 | +€2,332 | |
| Taxes | 450/3 | - | €2,332 | +€2,332 | |
| Other amounts payable | 47/48 | €3,827 | €0 | -€3,827 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,202 | €2,046 | +€843 | +70.1% |
| Other operating charges | 640/8 | €384 | €808 | +€423 | +110.1% |
| Gross operating margin | 9900 | €16,694 | €8,723 | -€7,971 | -47.7% |
| Operating profit (loss) | 9901 | €15,108 | €5,870 | -€9,238 | -61.1% |
| Financial charges | 65/66B | €429 | €114 | -€315 | -73.4% |
| Recurring financial charges | 65 | €429 | €114 | -€315 | -73.4% |
| Profit (loss) for the period before taxes | 9903 | €14,678 | €5,755 | -€8,923 | -60.8% |
| Income taxes | 67/77 | €0 | €1,672 | +€1,672 | |
| Profit (loss) for the period | 9904 | €14,678 | €4,084 | -€10,594 | -72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,678 | €4,084 | -€10,594 | -72.2% |
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 8 October 2026 via checked.be.