VALID SOLUTIONS: 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.
VALID SOLUTIONS
Largest movements
- Receivables within one year +€35,354
up €35,354 (+1,274%), from €2,775 to €38,129
of which Trade receivables: +€37,923
- Cash -€23,102
down €23,102 (-20.1%), from €115,152 to €92,049
mainly Receivables within one year (-€35,354) and Other debts (-€13,487)
- Intangible fixed assets +€4,924
new in 2025: €4,924
- Other debts -€13,487
down €13,487 (-32.5%), from €41,552 to €28,065
- Trade debts +€13,280
up €13,280 (+78.1%), from €17,004 to €30,285
- Reserves +€13,269
up €13,269 (+7.9%), from €168,097 to €181,366
of which Distributable reserves: +€13,269
- Gross operating margin -€20,296
down €20,296 (-29.1%), from €69,760 to €49,463
- Staff costs +€17,474
up €17,474 (+235%), from €7,427 to €24,901
- Taxes -€10,651
down €10,651 (-60.0%), from €17,749 to €7,098
- Financial income -€2,948
down €2,948 (-99.6%), from €2,959 to €11
- Depreciation -€1,175
down €1,175 (-63.8%), from €1,840 to €666
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 | €283,805 | €299,038 | +€15,233 | +5.4% |
| Fixed assets | 21/28 | €2,439 | €6,773 | +€4,334 | +178% |
| Intangible fixed assets | 21 | - | €4,924 | +€4,924 | |
| Tangible fixed assets | 22/27 | €2,439 | €1,849 | -€590 | -24.2% |
| Furniture and vehicles | 24 | €2,439 | €1,849 | -€590 | -24.2% |
| Current assets | 29/58 | €281,366 | €292,265 | +€10,899 | +3.9% |
| Amounts receivable within one year | 40/41 | €2,775 | €38,129 | +€35,354 | +1,274% |
| Trade receivables | 40 | €0 | €37,923 | +€37,923 | |
| Other amounts receivable | 41 | €2,775 | €206 | -€2,569 | -92.6% |
| Current investments | 50/53 | €153,170 | €153,170 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €115,152 | €92,049 | -€23,102 | -20.1% |
| Deferred charges and accrued income | 490/1 | €10,269 | €8,916 | -€1,353 | -13.2% |
| Total equity and liabilities | 10/49 | €283,805 | €299,038 | +€15,233 | +5.4% |
| Equity | 10/15 | €205,644 | €218,912 | +€13,269 | +6.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €168,097 | €181,366 | +€13,269 | +7.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €166,237 | €179,506 | +€13,269 | +8.0% |
| Profit (loss) carried forward | 14 | €30,047 | €30,047 | = | 0.0% |
| Amounts payable | 17/49 | €78,161 | €80,126 | +€1,964 | +2.5% |
| Amounts payable within one year | 42/48 | €78,161 | €80,126 | +€1,964 | +2.5% |
| Trade debts | 44 | €17,004 | €30,285 | +€13,280 | +78.1% |
| Suppliers | 440/4 | €17,004 | €30,285 | +€13,280 | +78.1% |
| Taxes, remuneration and social security | 45 | €19,605 | €21,776 | +€2,171 | +11.1% |
| Taxes | 450/3 | €15,604 | €18,549 | +€2,945 | +18.9% |
| Remuneration and social security | 454/9 | €4,001 | €3,227 | -€774 | -19.3% |
| Other amounts payable | 47/48 | €41,552 | €28,065 | -€13,487 | -32.5% |
| Remuneration, social security and pensions | 62 | €7,427 | €24,901 | +€17,474 | +235% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,840 | €666 | -€1,175 | -63.8% |
| Other operating charges | 640/8 | €1,073 | €1,099 | +€26 | +2.4% |
| Gross operating margin | 9900 | €69,760 | €49,463 | -€20,296 | -29.1% |
| Operating profit (loss) | 9901 | €59,419 | €22,797 | -€36,622 | -61.6% |
| Financial income | 75/76B | €2,959 | €11 | -€2,948 | -99.6% |
| Recurring financial income | 75 | €2,959 | €11 | -€2,948 | -99.6% |
| Financial charges | 65/66B | €3,078 | €2,442 | -€636 | -20.7% |
| Recurring financial charges | 65 | €3,078 | €2,442 | -€636 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €59,301 | €20,367 | -€38,934 | -65.7% |
| Income taxes | 67/77 | €17,749 | €7,098 | -€10,651 | -60.0% |
| Profit (loss) for the period | 9904 | €41,552 | €13,269 | -€28,283 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,552 | €13,269 | -€28,283 | -68.1% |
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 27 October 2026 via checked.be.