WE LOVE PRESENT: 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.
WE LOVE PRESENT
Largest movements
- Stocks and contracts +€25,973
up €25,973 (+57.0%), from €45,531 to €71,504
- Receivables within one year +€9,850
up €9,850 (+123.1%), from €8,000 to €17,850
of which Trade receivables: +€6,067
- Cash -€8,980
down €8,980 (-12.2%), from €73,399 to €64,419
mainly Stocks and contracts (-€25,973) and Receivables within one year (-€9,850)
- Tangible fixed assets +€1,959
up €1,959 (+257.3%), from €761 to €2,720
- Trade debts +€27,825
up €27,825 (+172.8%), from €16,101 to €43,925
- Gross operating margin +€14,302
up €14,302 (+21.7%), from €66,046 to €80,348
- Staff costs +€11,572
up €11,572 (+20.6%), from €56,177 to €67,748
- Financial charges -€1,946
down €1,946 (-82.1%), from €2,370 to €424
- Other operating charges +€1,069
up €1,069 (+19.7%), from €5,412 to €6,481
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 | €139,287 | €167,289 | +€28,002 | +20.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €11,261 | €13,220 | +€1,959 | +17.4% |
| Tangible fixed assets | 22/27 | €761 | €2,720 | +€1,959 | +257.3% |
| Furniture and vehicles | 24 | €761 | €2,720 | +€1,959 | +257.3% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €128,026 | €154,069 | +€26,044 | +20.3% |
| Stocks and contracts in progress | 3 | €45,531 | €71,504 | +€25,973 | +57.0% |
| Stocks | 30/36 | €45,531 | €71,504 | +€25,973 | +57.0% |
| Amounts receivable within one year | 40/41 | €8,000 | €17,850 | +€9,850 | +123.1% |
| Trade receivables | 40 | - | €6,067 | +€6,067 | |
| Other amounts receivable | 41 | €8,000 | €11,783 | +€3,783 | +47.3% |
| Cash at bank and in hand | 54/58 | €73,399 | €64,419 | -€8,980 | -12.2% |
| Deferred charges and accrued income | 490/1 | €1,096 | €296 | -€799 | -72.9% |
| Total equity and liabilities | 10/49 | €139,287 | €167,289 | +€28,002 | +20.1% |
| Equity | 10/15 | €66,225 | €67,114 | +€889 | +1.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,225 | €42,114 | +€889 | +2.2% |
| Amounts payable | 17/49 | €73,062 | €100,175 | +€27,113 | +37.1% |
| Amounts payable within one year | 42/48 | €73,062 | €100,175 | +€27,113 | +37.1% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Trade debts | 44 | €16,101 | €43,925 | +€27,825 | +172.8% |
| Suppliers | 440/4 | €16,101 | €43,925 | +€27,825 | +172.8% |
| Taxes, remuneration and social security | 45 | €29,461 | €29,192 | -€269 | -0.9% |
| Taxes | 450/3 | €24,100 | €20,539 | -€3,561 | -14.8% |
| Remuneration and social security | 454/9 | €5,361 | €8,653 | +€3,292 | +61.4% |
| Other amounts payable | 47/48 | €27,500 | €27,057 | -€443 | -1.6% |
| Remuneration, social security and pensions | 62 | €56,177 | €67,748 | +€11,572 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €407 | €938 | +€531 | +130.2% |
| Other operating charges | 640/8 | €5,412 | €6,481 | +€1,069 | +19.7% |
| Non-recurring operating charges | 66A | €4,791 | €5,278 | +€487 | +10.2% |
| Gross operating margin | 9900 | €66,046 | €80,348 | +€14,302 | +21.7% |
| Operating profit (loss) | 9901 | -€741 | -€97 | +€645 | +86.9% |
| Financial income | 75/76B | €1,305 | €1,409 | +€105 | +8.0% |
| Recurring financial income | 75 | €1,305 | €1,409 | +€105 | +8.0% |
| Financial charges | 65/66B | €2,370 | €424 | -€1,946 | -82.1% |
| Recurring financial charges | 65 | €2,370 | €424 | -€1,946 | -82.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,807 | €889 | +€2,695 | |
| Income taxes | 67/77 | €86 | - | -€86 | |
| Profit (loss) for the period | 9904 | -€1,893 | €889 | +€2,781 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,893 | €889 | +€2,781 |
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 11 October 2026 via checked.be.