VALUE CONSULT: 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.
VALUE CONSULT
Largest movements
- Cash +€38,899
up €38,899 (+18.6%), from €208,601 to €247,500
mainly Other debts (+€48,338) and Net result for the year (+€40,757)
- Other debts +€48,338
up €48,338 (+2909.2%), from €1,662 to €50,000
- Reserves -€9,500
down €9,500 (-5.0%), from €189,460 to €179,960
- Trade debts +€7,444
up €7,444 (+45.4%), from €16,380 to €23,823
- Depreciation +€4,455
up €4,455 (+31.2%), from €14,260 to €18,714
- Gross operating margin -€2,745
down €2,745 (-3.5%), from €78,650 to €75,905
- Taxes -€1,344
down €1,344 (-7.2%), from €18,560 to €17,216
- Other operating charges -€869
down €869 (-55.6%), from €1,564 to €695
- Financial income +€794
up €794 (+96.5%), from €823 to €1,616
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 | €314,847 | €360,982 | +€46,135 | +14.7% |
| Fixed assets | 21/28 | €68,836 | €71,621 | +€2,785 | +4.0% |
| Tangible fixed assets | 22/27 | €68,811 | €71,596 | +€2,785 | +4.0% |
| Furniture and vehicles | 24 | €44,437 | €37,956 | -€6,481 | -14.6% |
| Other tangible fixed assets | 26 | €24,374 | €33,640 | +€9,266 | +38.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €246,011 | €289,361 | +€43,350 | +17.6% |
| Amounts receivable within one year | 40/41 | €36,514 | €38,300 | +€1,786 | +4.9% |
| Trade receivables | 40 | €26,027 | €29,975 | +€3,948 | +15.2% |
| Other amounts receivable | 41 | €10,487 | €8,325 | -€2,161 | -20.6% |
| Cash at bank and in hand | 54/58 | €208,601 | €247,500 | +€38,899 | +18.6% |
| Deferred charges and accrued income | 490/1 | €896 | €3,561 | +€2,665 | +297.3% |
| Total equity and liabilities | 10/49 | €314,847 | €360,982 | +€46,135 | +14.7% |
| Equity | 10/15 | €287,427 | €278,184 | -€9,243 | -3.2% |
| Reserves | 13 | €189,460 | €179,960 | -€9,500 | -5.0% |
| Distributable reserves | 133 | €189,460 | €179,960 | -€9,500 | -5.0% |
| Profit (loss) carried forward | 14 | €97,967 | €98,224 | +€257 | +0.3% |
| Amounts payable | 17/49 | €27,419 | €82,798 | +€55,379 | +202.0% |
| Amounts payable within one year | 42/48 | €27,419 | €82,798 | +€55,379 | +202.0% |
| Trade debts | 44 | €16,380 | €23,823 | +€7,444 | +45.4% |
| Suppliers | 440/4 | €16,380 | €23,823 | +€7,444 | +45.4% |
| Taxes, remuneration and social security | 45 | €9,378 | €8,975 | -€403 | -4.3% |
| Taxes | 450/3 | €9,378 | €6,475 | -€2,903 | -31.0% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €1,662 | €50,000 | +€48,338 | +2909.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,260 | €18,714 | +€4,455 | +31.2% |
| Other operating charges | 640/8 | €1,564 | €695 | -€869 | -55.6% |
| Gross operating margin | 9900 | €78,650 | €75,905 | -€2,745 | -3.5% |
| Operating profit (loss) | 9901 | €62,826 | €56,496 | -€6,331 | -10.1% |
| Financial income | 75/76B | €823 | €1,616 | +€794 | +96.5% |
| Recurring financial income | 75 | €823 | €1,616 | +€794 | +96.5% |
| Financial charges | 65/66B | €104 | €139 | +€35 | +33.6% |
| Recurring financial charges | 65 | €104 | €139 | +€35 | +33.6% |
| Profit (loss) for the period before taxes | 9903 | €63,544 | €57,973 | -€5,572 | -8.8% |
| Income taxes | 67/77 | €18,560 | €17,216 | -€1,344 | -7.2% |
| Profit (loss) for the period | 9904 | €44,984 | €40,757 | -€4,228 | -9.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €44,984 | €40,757 | -€4,228 | -9.4% |
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 8 October 2026 via checked.be.