VII: 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.
VII
Largest movements
- Receivables within one year +€52,877
up €52,877 (+77.3%), from €68,375 to €121,252
- Reserves +€37,000
up €37,000 (+38.6%), from €95,960 to €132,960
of which Distributable reserves: +€37,000
- Tax, wage and social debts +€14,634
up €14,634 (+73.2%), from €19,998 to €34,632
of which Remuneration and social security: +€12,919
- Trade debts +€2,336
up €2,336 (+72.2%), from €3,236 to €5,572
- Other debts -€2,242
down €2,242 (-13.4%), from €16,768 to €14,526
- Gross operating margin +€12,687
up €12,687 (+29.0%), from €43,725 to €56,411
- Depreciation -€2,463
down €2,463 (-59.9%), from €4,115 to €1,652
- Taxes +€1,668
up €1,668 (+11.8%), from €14,146 to €15,814
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 | €143,877 | €195,654 | +€51,777 | +36.0% |
| Fixed assets | 21/28 | €4,660 | €3,818 | -€841 | -18.1% |
| Tangible fixed assets | 22/27 | €4,610 | €3,768 | -€841 | -18.3% |
| Plant, machinery and equipment | 23 | €263 | €158 | -€106 | -40.2% |
| Furniture and vehicles | 24 | €3,567 | €2,937 | -€630 | -17.7% |
| Other tangible fixed assets | 26 | €779 | €674 | -€105 | -13.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €139,218 | €191,836 | +€52,618 | +37.8% |
| Amounts receivable within one year | 40/41 | €68,375 | €121,252 | +€52,877 | +77.3% |
| Trade receivables | 40 | €68,375 | €121,252 | +€52,877 | +77.3% |
| Current investments | 50/53 | €25,189 | €25,191 | +€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €45,654 | €45,393 | -€261 | -0.6% |
| Total equity and liabilities | 10/49 | €143,877 | €195,654 | +€51,777 | +36.0% |
| Equity | 10/15 | €103,876 | €140,925 | +€37,049 | +35.7% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €95,960 | €132,960 | +€37,000 | +38.6% |
| 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 | €94,100 | €131,100 | +€37,000 | +39.3% |
| Profit (loss) carried forward | 14 | €1,616 | €1,665 | +€49 | +3.0% |
| Amounts payable | 17/49 | €40,001 | €54,730 | +€14,728 | +36.8% |
| Amounts payable within one year | 42/48 | €40,001 | €54,730 | +€14,728 | +36.8% |
| Trade debts | 44 | €3,236 | €5,572 | +€2,336 | +72.2% |
| Suppliers | 440/4 | €3,236 | €5,572 | +€2,336 | +72.2% |
| Taxes, remuneration and social security | 45 | €19,998 | €34,632 | +€14,634 | +73.2% |
| Taxes | 450/3 | €11,360 | €13,075 | +€1,715 | +15.1% |
| Remuneration and social security | 454/9 | €8,638 | €21,557 | +€12,919 | +149.6% |
| Other amounts payable | 47/48 | €16,768 | €14,526 | -€2,242 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,115 | €1,652 | -€2,463 | -59.9% |
| Other operating charges | 640/8 | €1,658 | €1,764 | +€106 | +6.4% |
| Gross operating margin | 9900 | €43,725 | €56,411 | +€12,687 | +29.0% |
| Operating profit (loss) | 9901 | €37,951 | €52,995 | +€15,044 | +39.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +20200.0% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +20200.0% |
| Financial charges | 65/66B | €151 | €134 | -€17 | -11.1% |
| Recurring financial charges | 65 | €151 | €134 | -€17 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €37,800 | €52,862 | +€15,063 | +39.8% |
| Income taxes | 67/77 | €14,146 | €15,814 | +€1,668 | +11.8% |
| Profit (loss) for the period | 9904 | €23,654 | €37,049 | +€13,395 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,654 | €37,049 | +€13,395 | +56.6% |
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 1 October 2026 via checked.be.