VIDEO PROJECT: 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.
VIDEO PROJECT
Largest movements
- Cash +€156,442
up €156,442 (+75.7%), from €206,720 to €363,162
mainly Current investments (+€150,000) and Net result for the year (+€7,563)
- Current investments -€150,000
down €150,000 (-33.3%), from €450,000 to €300,000
- Reserves +€7,000
up €7,000 (+1.2%), from €582,360 to €589,360
of which Distributable reserves: +€7,000
- Financial income -€8,791
down €8,791 (-38.6%), from €22,800 to €14,009
- Depreciation -€1,867
down €1,867 (-52.9%), from €3,533 to €1,666
- Taxes -€1,607
down €1,607 (-36.9%), from €4,361 to €2,754
- Gross operating margin +€561
up €561 (+25.5%), from -€2,204 to -€1,642
- Other operating charges -€291
down €291 (-54.1%), from €537 to €247
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 | €670,948 | €675,505 | +€4,558 | +0.7% |
| Fixed assets | 21/28 | €8,260 | €6,594 | -€1,666 | -20.2% |
| Tangible fixed assets | 22/27 | €8,260 | €6,594 | -€1,666 | -20.2% |
| Plant, machinery and equipment | 23 | €3,725 | €2,455 | -€1,270 | -34.1% |
| Furniture and vehicles | 24 | €3,889 | €3,730 | -€159 | -4.1% |
| Other tangible fixed assets | 26 | €646 | €410 | -€236 | -36.6% |
| Current assets | 29/58 | €662,688 | €668,911 | +€6,223 | +0.9% |
| Amounts receivable within one year | 40/41 | €2,368 | €2,540 | +€172 | +7.3% |
| Other amounts receivable | 41 | €2,368 | €2,540 | +€172 | +7.3% |
| Current investments | 50/53 | €450,000 | €300,000 | -€150,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €206,720 | €363,162 | +€156,442 | +75.7% |
| Deferred charges and accrued income | 490/1 | €3,600 | €3,209 | -€391 | -10.9% |
| Total equity and liabilities | 10/49 | €670,948 | €675,505 | +€4,558 | +0.7% |
| Equity | 10/15 | €665,824 | €673,387 | +€7,563 | +1.1% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €582,360 | €589,360 | +€7,000 | +1.2% |
| 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 | €580,500 | €587,500 | +€7,000 | +1.2% |
| Profit (loss) carried forward | 14 | €74,164 | €74,727 | +€563 | +0.8% |
| Amounts payable | 17/49 | €5,124 | €2,118 | -€3,006 | -58.7% |
| Amounts payable within one year | 42/48 | €5,124 | €2,118 | -€3,006 | -58.7% |
| Trade debts | 44 | €668 | €392 | -€276 | -41.3% |
| Suppliers | 440/4 | €668 | €392 | -€276 | -41.3% |
| Taxes, remuneration and social security | 45 | €4,456 | €1,660 | -€2,796 | -62.7% |
| Taxes | 450/3 | €4,456 | €1,660 | -€2,796 | -62.7% |
| Other amounts payable | 47/48 | - | €66 | +€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,533 | €1,666 | -€1,867 | -52.9% |
| Other operating charges | 640/8 | €537 | €247 | -€291 | -54.1% |
| Gross operating margin | 9900 | -€2,204 | -€1,642 | +€561 | +25.5% |
| Operating profit (loss) | 9901 | -€6,274 | -€3,555 | +€2,719 | +43.3% |
| Financial income | 75/76B | €22,800 | €14,009 | -€8,791 | -38.6% |
| Recurring financial income | 75 | €22,800 | €14,009 | -€8,791 | -38.6% |
| Financial charges | 65/66B | €97 | €137 | +€39 | +40.3% |
| Recurring financial charges | 65 | €97 | €137 | +€39 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | €16,429 | €10,317 | -€6,111 | -37.2% |
| Income taxes | 67/77 | €4,361 | €2,754 | -€1,607 | -36.9% |
| Profit (loss) for the period | 9904 | €12,067 | €7,563 | -€4,504 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,067 | €7,563 | -€4,504 | -37.3% |
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 7 October 2026 via checked.be.