W5H: 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.
W5H
Largest movements
- Cash +€28,588
up €28,588 (+100.0%), from €28,580 to €57,169
mainly Net result for the year (+€62,687) and Accrued charges and deferred income (+€747)
- Receivables within one year +€14,526
up €14,526 (+78.8%), from €18,424 to €32,950
of which Other amounts receivable: +€15,944
- Deferred charges and accrued income +€7,881
new in 2025: €7,881
- Tangible fixed assets +€7,471
new in 2025: €7,471
of which Furniture and vehicles: +€5,649
- Profit (loss) carried forward +€62,687
up €62,687 (+305.0%), from €20,555 to €83,242
- Tax, wage and social debts -€3,715
down €3,715 (-17.1%), from €21,671 to €17,957
- Trade debts -€1,252
down €1,252 (-98.0%), from €1,278 to €25
- Gross operating margin +€55,387
up €55,387 (+214.0%), from €25,883 to €81,270
- Taxes +€11,100
up €11,100 (+213.1%), from €5,209 to €16,309
- Financial charges +€1,172
up €1,172 (+8623.5%), from €14 to €1,186
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 | €47,004 | €105,471 | +€58,467 | +124.4% |
| Fixed assets | 21/28 | - | €7,471 | +€7,471 | |
| Tangible fixed assets | 22/27 | - | €7,471 | +€7,471 | |
| Furniture and vehicles | 24 | - | €5,649 | +€5,649 | |
| Other tangible fixed assets | 26 | - | €1,823 | +€1,823 | |
| Current assets | 29/58 | €47,004 | €98,000 | +€50,995 | +108.5% |
| Amounts receivable within one year | 40/41 | €18,424 | €32,950 | +€14,526 | +78.8% |
| Trade receivables | 40 | €18,424 | €17,007 | -€1,417 | -7.7% |
| Other amounts receivable | 41 | - | €15,944 | +€15,944 | |
| Cash at bank and in hand | 54/58 | €28,580 | €57,169 | +€28,588 | +100.0% |
| Deferred charges and accrued income | 490/1 | - | €7,881 | +€7,881 | |
| Total equity and liabilities | 10/49 | €47,004 | €105,471 | +€58,467 | +124.4% |
| Equity | 10/15 | €23,555 | €86,242 | +€62,687 | +266.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,555 | €83,242 | +€62,687 | +305.0% |
| Amounts payable | 17/49 | €23,449 | €19,229 | -€4,220 | -18.0% |
| Amounts payable within one year | 42/48 | €22,949 | €17,982 | -€4,967 | -21.6% |
| Trade debts | 44 | €1,278 | €25 | -€1,252 | -98.0% |
| Suppliers | 440/4 | €1,278 | €25 | -€1,252 | -98.0% |
| Taxes, remuneration and social security | 45 | €21,671 | €17,957 | -€3,715 | -17.1% |
| Taxes | 450/3 | €21,671 | €17,957 | -€3,715 | -17.1% |
| Accrued charges and deferred income | 492/3 | €500 | €1,247 | +€747 | +149.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €742 | +€742 | |
| Other operating charges | 640/8 | €106 | €779 | +€674 | +638.4% |
| Gross operating margin | 9900 | €25,883 | €81,270 | +€55,387 | +214.0% |
| Operating profit (loss) | 9901 | €25,778 | €79,749 | +€53,971 | +209.4% |
| Financial income | 75/76B | - | €432 | +€432 | |
| Recurring financial income | 75 | - | €432 | +€432 | |
| Financial charges | 65/66B | €14 | €1,186 | +€1,172 | +8623.5% |
| Recurring financial charges | 65 | €14 | €1,186 | +€1,172 | +8623.5% |
| Profit (loss) for the period before taxes | 9903 | €25,764 | €78,996 | +€53,232 | +206.6% |
| Income taxes | 67/77 | €5,209 | €16,309 | +€11,100 | +213.1% |
| Profit (loss) for the period | 9904 | €20,555 | €62,687 | +€42,132 | +205.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,555 | €62,687 | +€42,132 | +205.0% |
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 4 October 2026 via checked.be.