Veni Vidi Vici: 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.
Veni Vidi Vici
Largest movements
- Cash +€18,132
up €18,132 (+18.2%), from €99,879 to €118,011
mainly Net result for the year (+€29,469) and Depreciation (+€2,428)
- Receivables within one year +€10,510
up €10,510 (+391%), from €2,687 to €13,197
of which Other amounts receivable: +€8,031
- Tangible fixed assets -€1,354
down €1,354 (-30.0%), from €4,512 to €3,158
- Reserves +€28,636
up €28,636 (+38.4%), from €74,531 to €103,168
- Tax, wage and social debts -€2,087
down €2,087 (-8.3%), from €25,154 to €23,067
- Gross operating margin -€10,988
down €10,988 (-21.8%), from €50,365 to €39,377
- Taxes -€2,282
down €2,282 (-23.2%), from €9,849 to €7,567
- Depreciation +€555
up €555 (+29.6%), from €1,873 to €2,428
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 | €107,321 | €134,423 | +€27,102 | +25.3% |
| Fixed assets | 21/28 | €4,512 | €3,158 | -€1,354 | -30.0% |
| Tangible fixed assets | 22/27 | €4,512 | €3,158 | -€1,354 | -30.0% |
| Furniture and vehicles | 24 | €4,512 | €3,158 | -€1,354 | -30.0% |
| Current assets | 29/58 | €102,809 | €131,265 | +€28,456 | +27.7% |
| Amounts receivable within one year | 40/41 | €2,687 | €13,197 | +€10,510 | +391% |
| Trade receivables | 40 | - | €2,479 | +€2,479 | |
| Other amounts receivable | 41 | €2,687 | €10,718 | +€8,031 | +299% |
| Cash at bank and in hand | 54/58 | €99,879 | €118,011 | +€18,132 | +18.2% |
| Deferred charges and accrued income | 490/1 | €243 | €57 | -€186 | -76.5% |
| Total equity and liabilities | 10/49 | €107,321 | €134,423 | +€27,102 | +25.3% |
| Equity | 10/15 | €79,531 | €108,168 | +€28,636 | +36.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €74,531 | €103,168 | +€28,636 | +38.4% |
| Distributable reserves | 133 | €74,531 | €103,168 | +€28,636 | +38.4% |
| Amounts payable | 17/49 | €27,789 | €26,255 | -€1,534 | -5.5% |
| Amounts payable within one year | 42/48 | €27,789 | €26,255 | -€1,534 | -5.5% |
| Trade debts | 44 | €1,803 | €2,356 | +€553 | +30.7% |
| Suppliers | 440/4 | €1,803 | €2,356 | +€553 | +30.7% |
| Taxes, remuneration and social security | 45 | €25,154 | €23,067 | -€2,087 | -8.3% |
| Taxes | 450/3 | €25,154 | €23,067 | -€2,087 | -8.3% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,873 | €2,428 | +€555 | +29.6% |
| Other operating charges | 640/8 | €75 | €227 | +€152 | +202% |
| Gross operating margin | 9900 | €50,365 | €39,377 | -€10,988 | -21.8% |
| Operating profit (loss) | 9901 | €48,417 | €36,722 | -€11,695 | -24.2% |
| Financial income | 75/76B | €186 | €370 | +€184 | +98.9% |
| Recurring financial income | 75 | €186 | €370 | +€184 | +98.9% |
| Financial charges | 65/66B | €65 | €55 | -€9 | -14.5% |
| Recurring financial charges | 65 | €65 | €55 | -€9 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €48,538 | €37,036 | -€11,502 | -23.7% |
| Income taxes | 67/77 | €9,849 | €7,567 | -€2,282 | -23.2% |
| Profit (loss) for the period | 9904 | €38,689 | €29,469 | -€9,220 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,689 | €29,469 | -€9,220 | -23.8% |
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 29 October 2026 via checked.be.