VIBES AHEAD: 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.
VIBES AHEAD
Largest movements
- Receivables within one year +€8,044
up €8,044 (+24.1%), from €33,312 to €41,356
of which Trade receivables: +€5,264
- Deferred charges and accrued income +€5,872
up €5,872 (+73.4%), from €8,000 to €13,872
- Cash +€3,975
up €3,975 (+53.3%), from €7,458 to €11,433
mainly Net result for the year (+€11,946) and Tax, wage and social debts (+€4,562)
- Tangible fixed assets -€1,768
down €1,768 (-37.1%), from €4,762 to €2,994
- Reserves +€11,946
up €11,946 (+34.8%), from €34,370 to €46,316
of which Distributable reserves: +€11,946
- Current portion of long-term debt -€4,840
down €4,840 (-85.1%), from €5,687 to €847
- Tax, wage and social debts +€4,562
up €4,562 (+49.4%), from €9,228 to €13,790
of which Taxes: +€3,574
- Trade debts +€4,355
up €4,355 (+349%), from €1,247 to €5,602
- Staff costs +€8,332
up €8,332 (+127%), from €6,536 to €14,868
- Depreciation -€2,166
down €2,166 (-55.1%), from €3,934 to €1,768
- Other operating charges -€1,255
down €1,255 (-44.5%), from €2,820 to €1,565
- Taxes -€966
down €966 (-17.5%), from €5,524 to €4,558
- Gross operating margin +€414
up €414 (+1.2%), from €34,712 to €35,126
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 | €53,532 | €69,655 | +€16,123 | +30.1% |
| Fixed assets | 21/28 | €4,762 | €2,994 | -€1,768 | -37.1% |
| Tangible fixed assets | 22/27 | €4,762 | €2,994 | -€1,768 | -37.1% |
| Plant, machinery and equipment | 23 | €4,762 | €2,994 | -€1,768 | -37.1% |
| Current assets | 29/58 | €48,770 | €66,661 | +€17,891 | +36.7% |
| Amounts receivable within one year | 40/41 | €33,312 | €41,356 | +€8,044 | +24.1% |
| Trade receivables | 40 | €32,639 | €37,903 | +€5,264 | +16.1% |
| Other amounts receivable | 41 | €673 | €3,453 | +€2,780 | +413% |
| Cash at bank and in hand | 54/58 | €7,458 | €11,433 | +€3,975 | +53.3% |
| Deferred charges and accrued income | 490/1 | €8,000 | €13,872 | +€5,872 | +73.4% |
| Total equity and liabilities | 10/49 | €53,532 | €69,655 | +€16,123 | +30.1% |
| Equity | 10/15 | €37,370 | €49,316 | +€11,946 | +32.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €34,370 | €46,316 | +€11,946 | +34.8% |
| Non-distributable reserves | 130/1 | €134 | €135 | +€1 | +0.4% |
| Reserves not available under the articles | 1311 | €134 | €135 | +€1 | +0.4% |
| Distributable reserves | 133 | €34,236 | €46,182 | +€11,946 | +34.9% |
| Amounts payable | 17/49 | €16,162 | €20,339 | +€4,177 | +25.8% |
| Amounts payable within one year | 42/48 | €16,162 | €20,239 | +€4,077 | +25.2% |
| Current portion of amounts payable after more than one year | 42 | €5,687 | €847 | -€4,840 | -85.1% |
| Trade debts | 44 | €1,247 | €5,602 | +€4,355 | +349% |
| Suppliers | 440/4 | €1,247 | €5,602 | +€4,355 | +349% |
| Taxes, remuneration and social security | 45 | €9,228 | €13,790 | +€4,562 | +49.4% |
| Taxes | 450/3 | €8,312 | €11,886 | +€3,574 | +43.0% |
| Remuneration and social security | 454/9 | €916 | €1,904 | +€988 | +108% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €6,536 | €14,868 | +€8,332 | +127% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,934 | €1,768 | -€2,166 | -55.1% |
| Other operating charges | 640/8 | €2,820 | €1,565 | -€1,255 | -44.5% |
| Gross operating margin | 9900 | €34,712 | €35,126 | +€414 | +1.2% |
| Operating profit (loss) | 9901 | €21,422 | €16,926 | -€4,496 | -21.0% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €808 | €423 | -€385 | -47.7% |
| Recurring financial charges | 65 | €808 | €423 | -€385 | -47.7% |
| Profit (loss) for the period before taxes | 9903 | €20,624 | €16,503 | -€4,121 | -20.0% |
| Income taxes | 67/77 | €5,524 | €4,558 | -€966 | -17.5% |
| Profit (loss) for the period | 9904 | €15,100 | €11,946 | -€3,154 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,100 | €11,946 | -€3,154 | -20.9% |
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 26 October 2026 via checked.be.