Vernacular: 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.
Vernacular
Largest movements
- Receivables within one year +€9,537
up €9,537 (+116.7%), from €8,171 to €17,709
of which Other amounts receivable: +€10,156
- Cash +€3,439
up €3,439 (+31.0%), from €11,092 to €14,531
mainly Net result for the year (+€7,837) and Trade debts (+€2,562)
- Tangible fixed assets -€440
down €440 (-76.3%), from €576 to €136
- Profit (loss) carried forward +€7,837
up €7,837 (+207.7%), from €3,774 to €11,611
- Trade debts +€2,562
up €2,562 (+3739.5%), from €69 to €2,630
- Tax, wage and social debts +€2,382
up €2,382 (+33.0%), from €7,215 to €9,597
- Gross operating margin +€5,324
up €5,324 (+54.1%), from €9,849 to €15,173
- Taxes +€2,539
up €2,539 (+205.2%), from €1,237 to €3,776
- Financial charges -€566
down €566 (-19.9%), from €2,850 to €2,284
- Other operating charges -€488
down €488 (-34.6%), from €1,409 to €921
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 | €20,026 | €32,726 | +€12,700 | +63.4% |
| Fixed assets | 21/28 | €576 | €136 | -€440 | -76.3% |
| Tangible fixed assets | 22/27 | €576 | €136 | -€440 | -76.3% |
| Furniture and vehicles | 24 | €576 | €136 | -€440 | -76.3% |
| Current assets | 29/58 | €19,450 | €32,590 | +€13,140 | +67.6% |
| Amounts receivable within one year | 40/41 | €8,171 | €17,709 | +€9,537 | +116.7% |
| Trade receivables | 40 | €5,451 | €4,832 | -€619 | -11.4% |
| Other amounts receivable | 41 | €2,720 | €12,877 | +€10,156 | +373.4% |
| Cash at bank and in hand | 54/58 | €11,092 | €14,531 | +€3,439 | +31.0% |
| Deferred charges and accrued income | 490/1 | €187 | €351 | +€164 | +87.6% |
| Total equity and liabilities | 10/49 | €20,026 | €32,726 | +€12,700 | +63.4% |
| Equity | 10/15 | €12,662 | €20,499 | +€7,837 | +61.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,888 | €3,888 | = | 0.0% |
| Distributable reserves | 133 | €3,888 | €3,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,774 | €11,611 | +€7,837 | +207.7% |
| Amounts payable | 17/49 | €7,364 | €12,227 | +€4,863 | +66.0% |
| Amounts payable within one year | 42/48 | €7,364 | €12,227 | +€4,863 | +66.0% |
| Trade debts | 44 | €69 | €2,630 | +€2,562 | +3739.5% |
| Suppliers | 440/4 | €69 | €2,630 | +€2,562 | +3739.5% |
| Taxes, remuneration and social security | 45 | €7,215 | €9,597 | +€2,382 | +33.0% |
| Taxes | 450/3 | €7,215 | €9,597 | +€2,382 | +33.0% |
| Other amounts payable | 47/48 | €81 | €0 | -€81 | -100.0% |
| Remuneration, social security and pensions | 62 | €139 | €0 | -€139 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €440 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,409 | €921 | -€488 | -34.6% |
| Gross operating margin | 9900 | €9,849 | €15,173 | +€5,324 | +54.1% |
| Operating profit (loss) | 9901 | €7,860 | €13,812 | +€5,952 | +75.7% |
| Financial income | 75/76B | €0 | €85 | +€85 | +18034.0% |
| Recurring financial income | 75 | €0 | €85 | +€85 | +18034.0% |
| Financial charges | 65/66B | €2,850 | €2,284 | -€566 | -19.9% |
| Recurring financial charges | 65 | €2,850 | €2,284 | -€566 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €5,011 | €11,613 | +€6,602 | +131.8% |
| Income taxes | 67/77 | €1,237 | €3,776 | +€2,539 | +205.2% |
| Profit (loss) for the period | 9904 | €3,774 | €7,837 | +€4,064 | +107.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,774 | €7,837 | +€4,064 | +107.7% |
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 6 October 2026 via checked.be.