VOLITIONAL: 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.
VOLITIONAL
Largest movements
- Receivables after one year +€30,000
new in 2025: €30,000
- Cash -€19,607
down €19,607 (-56.5%), from €34,700 to €15,093
mainly Receivables after one year (-€30,000) and Receivables within one year (-€5,904)
- Receivables within one year +€5,904
up €5,904 (+33.1%), from €17,837 to €23,741
of which Trade receivables: +€6,050
- Tangible fixed assets +€3,126
up €3,126 (+147.6%), from €2,118 to €5,244
- Profit (loss) carried forward +€24,923
up €24,923 (+65.7%), from €37,914 to €62,837
- Tax, wage and social debts -€4,709
down €4,709 (-30.7%), from €15,328 to €10,619
of which Taxes: -€5,209
- Other debts -€833
no longer reported in 2025 (was €833)
- Gross operating margin -€15,802
down €15,802 (-32.1%), from €49,209 to €33,407
- Taxes -€3,365
down €3,365 (-33.7%), from €9,998 to €6,632
- Depreciation +€830
up €830 (+106.2%), from €782 to €1,612
- Other operating charges +€800
new in 2025: €800
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 | €54,655 | €74,236 | +€19,580 | +35.8% |
| Fixed assets | 21/28 | €2,118 | €5,244 | +€3,126 | +147.6% |
| Tangible fixed assets | 22/27 | €2,118 | €5,244 | +€3,126 | +147.6% |
| Furniture and vehicles | 24 | €2,118 | €5,244 | +€3,126 | +147.6% |
| Current assets | 29/58 | €52,537 | €68,991 | +€16,454 | +31.3% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Trade receivables | 290 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €17,837 | €23,741 | +€5,904 | +33.1% |
| Trade receivables | 40 | €5,445 | €11,495 | +€6,050 | +111.1% |
| Other amounts receivable | 41 | €12,392 | €12,246 | -€146 | -1.2% |
| Cash at bank and in hand | 54/58 | €34,700 | €15,093 | -€19,607 | -56.5% |
| Deferred charges and accrued income | 490/1 | - | €158 | +€158 | |
| Total equity and liabilities | 10/49 | €54,655 | €74,236 | +€19,580 | +35.8% |
| Equity | 10/15 | €38,214 | €63,137 | +€24,923 | +65.2% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,914 | €62,837 | +€24,923 | +65.7% |
| Amounts payable | 17/49 | €16,441 | €11,098 | -€5,343 | -32.5% |
| Amounts payable within one year | 42/48 | €16,441 | €11,098 | -€5,343 | -32.5% |
| Trade debts | 44 | €280 | €479 | +€199 | +71.2% |
| Suppliers | 440/4 | €280 | €479 | +€199 | +71.2% |
| Taxes, remuneration and social security | 45 | €15,328 | €10,619 | -€4,709 | -30.7% |
| Taxes | 450/3 | €15,328 | €10,119 | -€5,209 | -34.0% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €1,612 | +€830 | +106.2% |
| Other operating charges | 640/8 | - | €800 | +€800 | |
| Gross operating margin | 9900 | €49,209 | €33,407 | -€15,802 | -32.1% |
| Operating profit (loss) | 9901 | €48,427 | €30,996 | -€17,431 | -36.0% |
| Financial income | 75/76B | €430 | €642 | +€212 | +49.4% |
| Recurring financial income | 75 | €430 | €642 | +€212 | +49.4% |
| Financial charges | 65/66B | €112 | €83 | -€29 | -26.2% |
| Recurring financial charges | 65 | €112 | €83 | -€29 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €48,745 | €31,555 | -€17,190 | -35.3% |
| Income taxes | 67/77 | €9,998 | €6,632 | -€3,365 | -33.7% |
| Profit (loss) for the period | 9904 | €38,747 | €24,923 | -€13,824 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €38,747 | €24,923 | -€13,824 | -35.7% |
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 2 October 2026 via checked.be.