UPSIDE: 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.
UPSIDE
Largest movements
- Cash +€41,235
up €41,235 (+40.3%), from €102,304 to €143,539
mainly Net result for the year (+€32,028) and Depreciation (+€9,197)
- Tangible fixed assets -€9,197
down €9,197 (-27.2%), from €33,862 to €24,665
- Receivables within one year +€2,962
up €2,962 (+7.4%), from €40,009 to €42,971
- Reserves +€30,000
up €30,000 (+100%), from €30,000 to €60,000
- Depreciation +€1,545
up €1,545 (+20.2%), from €7,651 to €9,197
- Taxes -€599
down €599 (-4.3%), from €13,928 to €13,329
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 | €176,175 | €211,772 | +€35,598 | +20.2% |
| Fixed assets | 21/28 | €33,862 | €24,665 | -€9,197 | -27.2% |
| Tangible fixed assets | 22/27 | €33,862 | €24,665 | -€9,197 | -27.2% |
| Furniture and vehicles | 24 | €33,862 | €24,665 | -€9,197 | -27.2% |
| Current assets | 29/58 | €142,313 | €187,107 | +€44,794 | +31.5% |
| Amounts receivable within one year | 40/41 | €40,009 | €42,971 | +€2,962 | +7.4% |
| Trade receivables | 40 | €40,009 | €42,971 | +€2,962 | +7.4% |
| Cash at bank and in hand | 54/58 | €102,304 | €143,539 | +€41,235 | +40.3% |
| Deferred charges and accrued income | 490/1 | - | €598 | +€598 | |
| Total equity and liabilities | 10/49 | €176,175 | €211,772 | +€35,598 | +20.2% |
| Equity | 10/15 | €168,957 | €200,985 | +€32,028 | +19.0% |
| Reserves | 13 | €30,000 | €60,000 | +€30,000 | +100% |
| Distributable reserves | 133 | €30,000 | €60,000 | +€30,000 | +100% |
| Profit (loss) carried forward | 14 | €138,957 | €140,985 | +€2,028 | +1.5% |
| Amounts payable | 17/49 | €7,218 | €10,787 | +€3,570 | +49.5% |
| Amounts payable within one year | 42/48 | €7,218 | €10,787 | +€3,570 | +49.5% |
| Trade debts | 44 | €1,748 | €3,729 | +€1,980 | +113% |
| Suppliers | 440/4 | €1,748 | €3,729 | +€1,980 | +113% |
| Taxes, remuneration and social security | 45 | €5,469 | €7,059 | +€1,589 | +29.1% |
| Taxes | 450/3 | €5,469 | €7,059 | +€1,589 | +29.1% |
| Remuneration and social security | 454/9 | €0 | €0 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,651 | €9,197 | +€1,545 | +20.2% |
| Other operating charges | 640/8 | €49 | - | -€49 | |
| Gross operating margin | 9900 | €54,127 | €54,616 | +€489 | +0.9% |
| Operating profit (loss) | 9901 | €46,427 | €45,420 | -€1,007 | -2.2% |
| Financial charges | 65/66B | €152 | €63 | -€89 | -58.6% |
| Recurring financial charges | 65 | €152 | €63 | -€89 | -58.6% |
| Profit (loss) for the period before taxes | 9903 | €46,275 | €45,357 | -€918 | -2.0% |
| Income taxes | 67/77 | €13,928 | €13,329 | -€599 | -4.3% |
| Profit (loss) for the period | 9904 | €32,347 | €32,028 | -€320 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,347 | €32,028 | -€320 | -1.0% |
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 13 October 2026 via checked.be.