VERSION ORIGINALE: 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.
VERSION ORIGINALE
Largest movements
- Cash +€11,436
up €11,436 (+39.2%), from €29,184 to €40,620
mainly Net result for the year (+€14,128) and Depreciation (+€3,173)
- Profit (loss) carried forward +€8,128
up €8,128 (+757.5%), from €1,073 to €9,201
- Reserves +€6,000
up €6,000 (+25.9%), from €23,160 to €29,160
of which Distributable reserves: +€6,000
- Tax, wage and social debts -€1,812
down €1,812 (-21.4%), from €8,477 to €6,665
of which Remuneration and social security: -€1,044
- Other debts -€1,713
down €1,713 (-22.2%), from €7,717 to €6,004
- Gross operating margin +€7,081
up €7,081 (+18.2%), from €38,910 to €45,991
- Staff costs +€5,891
up €5,891 (+42.6%), from €13,822 to €19,713
- Other operating charges -€1,676
down €1,676 (-41.9%), from €3,995 to €2,319
- Depreciation +€499
up €499 (+18.6%), from €2,675 to €3,173
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 | €48,325 | €59,693 | +€11,368 | +23.5% |
| Fixed assets | 21/28 | €6,254 | €5,810 | -€444 | -7.1% |
| Tangible fixed assets | 22/27 | €6,204 | €5,760 | -€444 | -7.2% |
| Plant, machinery and equipment | 23 | €160 | €23 | -€137 | -85.7% |
| Furniture and vehicles | 24 | €3,871 | €4,270 | +€398 | +10.3% |
| Other tangible fixed assets | 26 | €2,173 | €1,467 | -€706 | -32.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €42,072 | €53,883 | +€11,812 | +28.1% |
| Stocks and contracts in progress | 3 | €12,888 | €13,263 | +€375 | +2.9% |
| Stocks | 30/36 | €12,888 | €13,263 | +€375 | +2.9% |
| Cash at bank and in hand | 54/58 | €29,184 | €40,620 | +€11,436 | +39.2% |
| Total equity and liabilities | 10/49 | €48,325 | €59,693 | +€11,368 | +23.5% |
| Equity | 10/15 | €30,433 | €44,561 | +€14,128 | +46.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,160 | €29,160 | +€6,000 | +25.9% |
| 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 | €21,300 | €27,300 | +€6,000 | +28.2% |
| Profit (loss) carried forward | 14 | €1,073 | €9,201 | +€8,128 | +757.5% |
| Amounts payable | 17/49 | €17,892 | €15,132 | -€2,761 | -15.4% |
| Amounts payable within one year | 42/48 | €17,892 | €15,132 | -€2,761 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | - | €451 | +€451 | |
| Trade debts | 44 | €1,699 | €2,012 | +€313 | +18.4% |
| Suppliers | 440/4 | €1,699 | €2,012 | +€313 | +18.4% |
| Taxes, remuneration and social security | 45 | €8,477 | €6,665 | -€1,812 | -21.4% |
| Taxes | 450/3 | €7,433 | €6,665 | -€768 | -10.3% |
| Remuneration and social security | 454/9 | €1,044 | - | -€1,044 | |
| Other amounts payable | 47/48 | €7,717 | €6,004 | -€1,713 | -22.2% |
| Remuneration, social security and pensions | 62 | €13,822 | €19,713 | +€5,891 | +42.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,675 | €3,173 | +€499 | +18.6% |
| Other operating charges | 640/8 | €3,995 | €2,319 | -€1,676 | -41.9% |
| Gross operating margin | 9900 | €38,910 | €45,991 | +€7,081 | +18.2% |
| Operating profit (loss) | 9901 | €18,418 | €20,785 | +€2,367 | +12.9% |
| Financial income | 75/76B | €70 | - | -€70 | |
| Recurring financial income | 75 | €70 | - | -€70 | |
| Financial charges | 65/66B | €1,698 | €2,139 | +€441 | +26.0% |
| Recurring financial charges | 65 | €1,698 | €2,139 | +€441 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €16,790 | €18,646 | +€1,856 | +11.1% |
| Income taxes | 67/77 | €4,721 | €4,518 | -€203 | -4.3% |
| Profit (loss) for the period | 9904 | €12,069 | €14,128 | +€2,059 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,069 | €14,128 | +€2,059 | +17.1% |
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 29 September 2026 via checked.be.