Uwfrisseblik: 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.
Uwfrisseblik
Largest movements
- Current investments +€83,155
up €83,155 (+52.1%), from €159,533 to €242,688
- Cash +€24,108
up €24,108 (+53.0%), from €45,516 to €69,624
mainly Net result for the year (+€64,032) and Receivables within one year (+€19,414)
- Receivables within one year -€19,414
down €19,414 (-76.7%), from €25,321 to €5,907
of which Trade receivables: -€23,071
- Reserves +€62,366
up €62,366 (+37.6%), from €166,017 to €228,383
- Other debts +€17,615
up €17,615 (+32.4%), from €54,408 to €72,023
- Trade debts +€3,818
up €3,818 (+147%), from €2,606 to €6,424
- Gross operating margin -€18,458
down €18,458 (-15.7%), from €117,926 to €99,468
- Taxes -€4,635
down €4,635 (-14.7%), from €31,510 to €26,875
- Depreciation -€1,436
down €1,436 (-21.6%), from €6,655 to €5,219
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 | €263,483 | €350,134 | +€86,651 | +32.9% |
| Fixed assets | 21/28 | €32,680 | €31,461 | -€1,219 | -3.7% |
| Tangible fixed assets | 22/27 | €32,680 | €31,461 | -€1,219 | -3.7% |
| Land and buildings | 22 | €27,193 | €27,548 | +€355 | +1.3% |
| Plant, machinery and equipment | 23 | €2,562 | €1,635 | -€927 | -36.2% |
| Furniture and vehicles | 24 | €2,925 | €2,278 | -€647 | -22.1% |
| Current assets | 29/58 | €230,803 | €318,673 | +€87,870 | +38.1% |
| Amounts receivable within one year | 40/41 | €25,321 | €5,907 | -€19,414 | -76.7% |
| Trade receivables | 40 | €23,071 | - | -€23,071 | |
| Other amounts receivable | 41 | €2,250 | €5,907 | +€3,657 | +163% |
| Current investments | 50/53 | €159,533 | €242,688 | +€83,155 | +52.1% |
| Cash at bank and in hand | 54/58 | €45,516 | €69,624 | +€24,108 | +53.0% |
| Deferred charges and accrued income | 490/1 | €433 | €454 | +€21 | +4.8% |
| Total equity and liabilities | 10/49 | €263,483 | €350,134 | +€86,651 | +32.9% |
| Equity | 10/15 | €184,617 | €246,983 | +€62,366 | +33.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €166,017 | €228,383 | +€62,366 | +37.6% |
| Distributable reserves | 133 | €166,017 | €228,383 | +€62,366 | +37.6% |
| Amounts payable | 17/49 | €78,866 | €103,151 | +€24,285 | +30.8% |
| Amounts payable within one year | 42/48 | €78,866 | €103,151 | +€24,285 | +30.8% |
| Trade debts | 44 | €2,606 | €6,424 | +€3,818 | +147% |
| Suppliers | 440/4 | €2,606 | €6,424 | +€3,818 | +147% |
| Taxes, remuneration and social security | 45 | €21,852 | €24,704 | +€2,852 | +13.1% |
| Taxes | 450/3 | €21,852 | €24,704 | +€2,852 | +13.1% |
| Other amounts payable | 47/48 | €54,408 | €72,023 | +€17,615 | +32.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,655 | €5,219 | -€1,436 | -21.6% |
| Other operating charges | 640/8 | €126 | - | -€126 | |
| Gross operating margin | 9900 | €117,926 | €99,468 | -€18,458 | -15.7% |
| Operating profit (loss) | 9901 | €111,145 | €94,249 | -€16,896 | -15.2% |
| Financial income | 75/76B | €2,058 | €983 | -€1,075 | -52.2% |
| Recurring financial income | 75 | €2,058 | €983 | -€1,075 | -52.2% |
| Financial charges | 65/66B | €4,591 | €4,325 | -€266 | -5.8% |
| Recurring financial charges | 65 | €4,591 | €4,325 | -€266 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €108,612 | €90,907 | -€17,705 | -16.3% |
| Income taxes | 67/77 | €31,510 | €26,875 | -€4,635 | -14.7% |
| Profit (loss) for the period | 9904 | €77,102 | €64,032 | -€13,070 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,102 | €64,032 | -€13,070 | -17.0% |
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 26 October 2026 via checked.be.