WE WANT: 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 WANT
Largest movements
- Cash +€34,879
up €34,879 (+1,170%), from €2,982 to €37,861
mainly Net result for the year (+€16,956) and Receivables within one year (+€6,168)
- Receivables within one year -€6,168
down €6,168 (-28.5%), from €21,635 to €15,467
of which Trade receivables: -€6,134
- Stocks and contracts -€5,253
down €5,253 (-65.3%), from €8,044 to €2,791
- Deferred charges and accrued income +€1,076
new in 2025: €1,076
- Profit (loss) carried forward +€16,956
up €16,956 (+110%), from €15,468 to €32,423
- Tax, wage and social debts +€6,141
up €6,141 (+281%), from €2,188 to €8,329
- Advances received +€2,537
new in 2025: €2,537
- Trade debts -€1,133
down €1,133 (-13.8%), from €8,220 to €7,087
- Gross operating margin +€19,733
up €19,733 (+280%), from €7,058 to €26,791
- Taxes +€7,084
up €7,084 (+1,010%), from €702 to €7,785
- Financial charges -€683
down €683 (-26.9%), from €2,544 to €1,861
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 | €32,696 | €57,195 | +€24,500 | +74.9% |
| Fixed assets | 21/28 | €34 | - | -€34 | |
| Tangible fixed assets | 22/27 | €34 | - | -€34 | |
| Furniture and vehicles | 24 | €34 | - | -€34 | |
| Current assets | 29/58 | €32,661 | €57,195 | +€24,534 | +75.1% |
| Stocks and contracts in progress | 3 | €8,044 | €2,791 | -€5,253 | -65.3% |
| Stocks | 30/36 | €8,044 | €2,791 | -€5,253 | -65.3% |
| Amounts receivable within one year | 40/41 | €21,635 | €15,467 | -€6,168 | -28.5% |
| Trade receivables | 40 | €21,597 | €15,463 | -€6,134 | -28.4% |
| Other amounts receivable | 41 | €38 | €5 | -€34 | -87.6% |
| Cash at bank and in hand | 54/58 | €2,982 | €37,861 | +€34,879 | +1,170% |
| Deferred charges and accrued income | 490/1 | - | €1,076 | +€1,076 | |
| Total equity and liabilities | 10/49 | €32,696 | €57,195 | +€24,500 | +74.9% |
| Equity | 10/15 | €22,288 | €39,243 | +€16,956 | +76.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,468 | €32,423 | +€16,956 | +110% |
| Amounts payable | 17/49 | €10,408 | €17,952 | +€7,544 | +72.5% |
| Amounts payable within one year | 42/48 | €10,408 | €17,952 | +€7,544 | +72.5% |
| Trade debts | 44 | €8,220 | €7,087 | -€1,133 | -13.8% |
| Suppliers | 440/4 | €8,220 | €7,087 | -€1,133 | -13.8% |
| Advances received on contracts in progress | 46 | - | €2,537 | +€2,537 | |
| Taxes, remuneration and social security | 45 | €2,188 | €8,329 | +€6,141 | +281% |
| Taxes | 450/3 | €2,188 | €8,329 | +€6,141 | +281% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130 | €34 | -€95 | -73.4% |
| Other operating charges | 640/8 | €387 | €408 | +€21 | +5.4% |
| Gross operating margin | 9900 | €7,058 | €26,791 | +€19,733 | +280% |
| Operating profit (loss) | 9901 | €6,541 | €26,348 | +€19,807 | +303% |
| Financial income | 75/76B | €103 | €253 | +€151 | +147% |
| Recurring financial income | 75 | €103 | €253 | +€151 | +147% |
| Financial charges | 65/66B | €2,544 | €1,861 | -€683 | -26.9% |
| Recurring financial charges | 65 | €2,544 | €1,861 | -€683 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €4,100 | €24,741 | +€20,641 | +503% |
| Income taxes | 67/77 | €702 | €7,785 | +€7,084 | +1,010% |
| Profit (loss) for the period | 9904 | €3,398 | €16,956 | +€13,557 | +399% |
| Profit (loss) for the period to be appropriated | 9905 | €3,398 | €16,956 | +€13,557 | +399% |
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 15 October 2026 via checked.be.