VARIED: 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.
VARIED
Largest movements
- Cash +€30,986
up €30,986 (+48.7%), from €63,655 to €94,641
mainly Net result for the year (+€43,743) and Depreciation (+€19,919)
- Tangible fixed assets -€15,814
down €15,814 (-23.4%), from €67,441 to €51,627
of which Furniture and vehicles: -€12,567
- Deferred charges and accrued income -€13,928
down €13,928 (-76.4%), from €18,222 to €4,294
- Receivables within one year +€9,439
up €9,439 (+51.8%), from €18,206 to €27,645
of which Trade receivables: +€6,763
- Debts after one year -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Profit (loss) carried forward +€22,693
new in 2025: €22,693
- Reserves +€21,050
up €21,050 (+21.3%), from €98,832 to €119,882
of which Tax-exempt reserves: +€21,050
- Accrued charges and deferred income -€4,598
down €4,598 (-100.0%), from €4,598 to €0
- Other debts +€3,421
up €3,421 (+186.1%), from €1,838 to €5,259
- Gross operating margin +€11,740
up €11,740 (+17.6%), from €66,604 to €78,344
- Taxes +€3,973
up €3,973 (+38.9%), from €10,210 to €14,183
- Financial charges -€2,708
down €2,708 (-93.3%), from €2,903 to €196
- Financial income +€906
up €906 (+3489.4%), from €26 to €932
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 | €167,824 | €178,506 | +€10,683 | +6.4% |
| Fixed assets | 21/28 | €67,741 | €51,927 | -€15,814 | -23.3% |
| Tangible fixed assets | 22/27 | €67,441 | €51,627 | -€15,814 | -23.4% |
| Plant, machinery and equipment | 23 | €1,885 | €404 | -€1,481 | -78.6% |
| Furniture and vehicles | 24 | €57,383 | €44,816 | -€12,567 | -21.9% |
| Other tangible fixed assets | 26 | €8,173 | €6,406 | -€1,767 | -21.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €100,083 | €126,580 | +€26,497 | +26.5% |
| Amounts receivable within one year | 40/41 | €18,206 | €27,645 | +€9,439 | +51.8% |
| Trade receivables | 40 | €8,712 | €15,475 | +€6,763 | +77.6% |
| Other amounts receivable | 41 | €9,494 | €12,169 | +€2,675 | +28.2% |
| Cash at bank and in hand | 54/58 | €63,655 | €94,641 | +€30,986 | +48.7% |
| Deferred charges and accrued income | 490/1 | €18,222 | €4,294 | -€13,928 | -76.4% |
| Total equity and liabilities | 10/49 | €167,824 | €178,506 | +€10,683 | +6.4% |
| Equity | 10/15 | €117,432 | €161,175 | +€43,743 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €98,832 | €119,882 | +€21,050 | +21.3% |
| Tax-exempt reserves | 132 | €31,575 | €52,625 | +€21,050 | +66.7% |
| Distributable reserves | 133 | €67,257 | €67,257 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €22,693 | +€22,693 | |
| Amounts payable | 17/49 | €50,391 | €17,331 | -€33,060 | -65.6% |
| Amounts payable after more than one year | 17 | €35,000 | €0 | -€35,000 | -100.0% |
| Financial debts | 170/4 | €35,000 | €0 | -€35,000 | -100.0% |
| Amounts payable within one year | 42/48 | €10,793 | €17,331 | +€6,538 | +60.6% |
| Trade debts | 44 | €380 | €1,301 | +€921 | +242.5% |
| Suppliers | 440/4 | €380 | €1,301 | +€921 | +242.5% |
| Taxes, remuneration and social security | 45 | €8,575 | €10,771 | +€2,196 | +25.6% |
| Taxes | 450/3 | €8,575 | €10,771 | +€2,196 | +25.6% |
| Other amounts payable | 47/48 | €1,838 | €5,259 | +€3,421 | +186.1% |
| Accrued charges and deferred income | 492/3 | €4,598 | €0 | -€4,598 | -100.0% |
| Non-recurring operating income | 76A | - | €212 | +€212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,578 | €19,919 | -€659 | -3.2% |
| Other operating charges | 640/8 | €1,875 | €1,236 | -€639 | -34.1% |
| Gross operating margin | 9900 | €66,604 | €78,344 | +€11,740 | +17.6% |
| Operating profit (loss) | 9901 | €44,151 | €57,189 | +€13,038 | +29.5% |
| Financial income | 75/76B | €26 | €932 | +€906 | +3489.4% |
| Recurring financial income | 75 | €26 | €932 | +€906 | +3489.4% |
| Financial charges | 65/66B | €2,903 | €196 | -€2,708 | -93.3% |
| Recurring financial charges | 65 | €2,903 | €196 | -€2,708 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €41,273 | €57,926 | +€16,652 | +40.3% |
| Income taxes | 67/77 | €10,210 | €14,183 | +€3,973 | +38.9% |
| Profit (loss) for the period | 9904 | €31,063 | €43,743 | +€12,680 | +40.8% |
| Transfer to tax-exempt reserves | 689 | €6,575 | €21,050 | +€14,475 | +220.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,488 | €22,693 | -€1,795 | -7.3% |
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 12 October 2026 via checked.be.