VIDEO MEETS LIGHT: 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.
VIDEO MEETS LIGHT
Largest movements
- Cash +€34,555
up €34,555 (+56.9%), from €60,709 to €95,264
mainly Net result for the year (+€32,927) and Receivables within one year (+€10,664)
- Receivables within one year -€10,664
down €10,664 (-40.0%), from €26,651 to €15,987
of which Trade receivables: -€10,206
- Tangible fixed assets -€3,847
down €3,847 (-9.8%), from €39,282 to €35,435
of which Land and buildings: -€7,144
- Reserves +€13,929
up €13,929 (+14.2%), from €98,396 to €112,325
of which Distributable reserves: +€13,929
- Trade debts +€3,024
up €3,024 (+13,865%), from €22 to €3,046
- Short-term financial debts +€1,737
up €1,737, from €0 to €1,737
- Gross operating margin +€8,583
up €8,583 (+15.3%), from €56,201 to €64,784
- Taxes +€3,255
up €3,255 (+23.9%), from €13,614 to €16,869
- Depreciation +€767
up €767 (+9.4%), from €8,189 to €8,956
- Staff costs +€703
up €703 (+31.5%), from €2,234 to €2,936
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 | €126,642 | €146,686 | +€20,043 | +15.8% |
| Fixed assets | 21/28 | €39,282 | €35,435 | -€3,847 | -9.8% |
| Tangible fixed assets | 22/27 | €39,282 | €35,435 | -€3,847 | -9.8% |
| Land and buildings | 22 | €36,726 | €29,581 | -€7,144 | -19.5% |
| Plant, machinery and equipment | 23 | €2,556 | €5,853 | +€3,297 | +129% |
| Current assets | 29/58 | €87,361 | €111,251 | +€23,890 | +27.3% |
| Amounts receivable within one year | 40/41 | €26,651 | €15,987 | -€10,664 | -40.0% |
| Trade receivables | 40 | €25,228 | €15,023 | -€10,206 | -40.5% |
| Other amounts receivable | 41 | €1,423 | €964 | -€459 | -32.2% |
| Cash at bank and in hand | 54/58 | €60,709 | €95,264 | +€34,555 | +56.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €126,642 | €146,686 | +€20,043 | +15.8% |
| Equity | 10/15 | €110,896 | €124,825 | +€13,929 | +12.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €98,396 | €112,325 | +€13,929 | +14.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €98,396 | €112,325 | +€13,929 | +14.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €15,746 | €21,861 | +€6,114 | +38.8% |
| Amounts payable within one year | 42/48 | €15,746 | €21,861 | +€6,114 | +38.8% |
| Financial debts | 43 | €0 | €1,737 | +€1,737 | |
| Credit institutions | 430/8 | €0 | €1,737 | +€1,737 | |
| Trade debts | 44 | €22 | €3,046 | +€3,024 | +13,865% |
| Suppliers | 440/4 | €22 | €3,046 | +€3,024 | +13,865% |
| Taxes, remuneration and social security | 45 | €5,314 | €5,769 | +€455 | +8.6% |
| Taxes | 450/3 | €3,514 | €5,769 | +€2,255 | +64.2% |
| Remuneration and social security | 454/9 | €1,800 | €0 | -€1,800 | -100% |
| Other amounts payable | 47/48 | €10,411 | €11,309 | +€898 | +8.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,234 | €2,936 | +€703 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,189 | €8,956 | +€767 | +9.4% |
| Other operating charges | 640/8 | €1,718 | €1,699 | -€19 | -1.1% |
| Gross operating margin | 9900 | €56,201 | €64,784 | +€8,583 | +15.3% |
| Operating profit (loss) | 9901 | €44,060 | €51,192 | +€7,132 | +16.2% |
| Financial income | 75/76B | €0 | €14 | +€14 | +135,800% |
| Recurring financial income | 75 | €0 | €14 | +€14 | +135,800% |
| Financial charges | 65/66B | €1,379 | €1,410 | +€31 | +2.2% |
| Recurring financial charges | 65 | €1,379 | €1,410 | +€31 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €42,681 | €49,796 | +€7,115 | +16.7% |
| Income taxes | 67/77 | €13,614 | €16,869 | +€3,255 | +23.9% |
| Profit (loss) for the period | 9904 | €29,067 | €32,927 | +€3,860 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,067 | €32,927 | +€3,860 | +13.3% |
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 30 October 2026 via checked.be.