W-GRAPHIC: 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.
W-GRAPHIC
Largest movements
- Tangible fixed assets +€9,843
up €9,843 (+74.9%), from €13,138 to €22,982
of which Furniture and vehicles: +€10,751
- Cash +€5,390
up €5,390 (+7.0%), from €76,788 to €82,178
mainly Net result for the year (+€13,045) and Depreciation (+€8,762)
- Receivables within one year -€5,176
down €5,176 (-22.3%), from €23,172 to €17,997
of which Trade receivables: -€5,510
- Deferred charges and accrued income +€1,843
up €1,843 (+72.4%), from €2,546 to €4,390
- Other debts +€5,851
up €5,851 (+108%), from €5,400 to €11,251
- Trade debts +€3,272
up €3,272 (+20.3%), from €16,119 to €19,391
- Reserves +€1,900
up €1,900 (+4.7%), from €40,534 to €42,434
- Gross operating margin +€26,529
up €26,529 (+181%), from €14,633 to €41,162
- Staff costs +€13,978
new in 2025: €13,978
- Taxes +€4,604
up €4,604 (+706%), from €652 to €5,255
- Depreciation +€433
up €433 (+5.2%), from €8,329 to €8,762
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 | €120,575 | €132,136 | +€11,561 | +9.6% |
| Fixed assets | 21/28 | €13,768 | €23,822 | +€10,053 | +73.0% |
| Tangible fixed assets | 22/27 | €13,138 | €22,982 | +€9,843 | +74.9% |
| Plant, machinery and equipment | 23 | €8,772 | €7,141 | -€1,630 | -18.6% |
| Furniture and vehicles | 24 | €3,471 | €14,222 | +€10,751 | +310% |
| Other tangible fixed assets | 26 | €895 | €1,618 | +€723 | +80.8% |
| Financial fixed assets | 28 | €630 | €840 | +€210 | +33.3% |
| Current assets | 29/58 | €106,807 | €108,314 | +€1,507 | +1.4% |
| Stocks and contracts in progress | 3 | €4,300 | €3,750 | -€550 | -12.8% |
| Stocks | 30/36 | €4,300 | €3,750 | -€550 | -12.8% |
| Amounts receivable within one year | 40/41 | €23,172 | €17,997 | -€5,176 | -22.3% |
| Trade receivables | 40 | €22,672 | €17,162 | -€5,510 | -24.3% |
| Other amounts receivable | 41 | €500 | €835 | +€335 | +66.9% |
| Cash at bank and in hand | 54/58 | €76,788 | €82,178 | +€5,390 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,546 | €4,390 | +€1,843 | +72.4% |
| Total equity and liabilities | 10/49 | €120,575 | €132,136 | +€11,561 | +9.6% |
| Equity | 10/15 | €92,914 | €95,359 | +€2,445 | +2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,534 | €42,434 | +€1,900 | +4.7% |
| Distributable reserves | 133 | €40,534 | €42,434 | +€1,900 | +4.7% |
| Profit (loss) carried forward | 14 | €33,780 | €34,325 | +€545 | +1.6% |
| Amounts payable | 17/49 | €27,661 | €36,776 | +€9,116 | +33.0% |
| Amounts payable within one year | 42/48 | €27,661 | €36,776 | +€9,116 | +33.0% |
| Trade debts | 44 | €16,119 | €19,391 | +€3,272 | +20.3% |
| Suppliers | 440/4 | €16,119 | €19,391 | +€3,272 | +20.3% |
| Taxes, remuneration and social security | 45 | €6,142 | €6,134 | -€7 | -0.1% |
| Taxes | 450/3 | €5,680 | €4,743 | -€937 | -16.5% |
| Remuneration and social security | 454/9 | €462 | €1,391 | +€929 | +201% |
| Other amounts payable | 47/48 | €5,400 | €11,251 | +€5,851 | +108% |
| Non-recurring operating income | 76A | - | €8,678 | +€8,678 | |
| Remuneration, social security and pensions | 62 | - | €13,978 | +€13,978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,329 | €8,762 | +€433 | +5.2% |
| Other operating charges | 640/8 | €219 | €292 | +€73 | +33.4% |
| Non-recurring operating charges | 66A | €759 | - | -€759 | |
| Gross operating margin | 9900 | €14,633 | €41,162 | +€26,529 | +181% |
| Operating profit (loss) | 9901 | €5,326 | €18,129 | +€12,803 | +240% |
| Financial income | 75/76B | €411 | €326 | -€84 | -20.5% |
| Recurring financial income | 75 | €411 | €326 | -€84 | -20.5% |
| Financial charges | 65/66B | €182 | €155 | -€26 | -14.5% |
| Recurring financial charges | 65 | €182 | €155 | -€26 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €5,555 | €18,300 | +€12,745 | +229% |
| Income taxes | 67/77 | €652 | €5,255 | +€4,604 | +706% |
| Profit (loss) for the period | 9904 | €4,904 | €13,045 | +€8,142 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €4,904 | €13,045 | +€8,142 | +166% |
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 17 October 2026 via checked.be.