Web-Style: 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.
Web-Style
Largest movements
- Receivables within one year +€34,123
up €34,123 (+198%), from €17,204 to €51,327
of which Trade receivables: +€28,825
- Cash -€4,929
down €4,929 (-46.4%), from €10,634 to €5,705
mainly Receivables within one year (-€34,123) and Other debts (-€3,979)
- Deferred charges and accrued income +€2,286
up €2,286 (+209%), from €1,093 to €3,378
- Formation expenses -€723
down €723 (-100%), from €723 to €0
- Reserves +€24,322
up €24,322 (+354%), from €6,871 to €31,193
- Tax, wage and social debts +€9,471
up €9,471 (+94.5%), from €10,023 to €19,493
- Other debts -€3,979
down €3,979 (-100%), from €3,979 to €0
- Trade debts +€944
up €944 (+25.0%), from €3,780 to €4,724
- Gross operating margin +€23,350
up €23,350 (+190%), from €12,286 to €35,636
- Taxes +€6,787
up €6,787 (+203%), from €3,336 to €10,123
- Depreciation -€943
down €943 (-56.6%), from €1,666 to €723
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 | €29,653 | €60,410 | +€30,757 | +104% |
| Formation expenses | 20 | €723 | €0 | -€723 | -100% |
| Current assets | 29/58 | €28,930 | €60,410 | +€31,480 | +109% |
| Amounts receivable within one year | 40/41 | €17,204 | €51,327 | +€34,123 | +198% |
| Trade receivables | 40 | €17,204 | €46,029 | +€28,825 | +168% |
| Other amounts receivable | 41 | - | €5,298 | +€5,298 | |
| Cash at bank and in hand | 54/58 | €10,634 | €5,705 | -€4,929 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,093 | €3,378 | +€2,286 | +209% |
| Total equity and liabilities | 10/49 | €29,653 | €60,410 | +€30,757 | +104% |
| Equity | 10/15 | €11,871 | €36,193 | +€24,322 | +205% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,871 | €31,193 | +€24,322 | +354% |
| Distributable reserves | 133 | €6,871 | €31,193 | +€24,322 | +354% |
| Amounts payable | 17/49 | €17,781 | €24,217 | +€6,435 | +36.2% |
| Amounts payable within one year | 42/48 | €17,781 | €24,217 | +€6,435 | +36.2% |
| Trade debts | 44 | €3,780 | €4,724 | +€944 | +25.0% |
| Suppliers | 440/4 | €3,780 | €4,724 | +€944 | +25.0% |
| Taxes, remuneration and social security | 45 | €10,023 | €19,493 | +€9,471 | +94.5% |
| Taxes | 450/3 | €10,023 | €19,493 | +€9,471 | +94.5% |
| Other amounts payable | 47/48 | €3,979 | €0 | -€3,979 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €723 | -€943 | -56.6% |
| Other operating charges | 640/8 | €412 | €444 | +€32 | +7.7% |
| Gross operating margin | 9900 | €12,286 | €35,636 | +€23,350 | +190% |
| Operating profit (loss) | 9901 | €10,208 | €34,469 | +€24,261 | +238% |
| Financial income | 75/76B | €3 | €36 | +€33 | +1,092% |
| Recurring financial income | 75 | €3 | €36 | +€33 | +1,092% |
| Financial charges | 65/66B | €3 | €59 | +€56 | +1,866% |
| Recurring financial charges | 65 | €3 | €59 | +€56 | +1,866% |
| Profit (loss) for the period before taxes | 9903 | €10,208 | €34,446 | +€24,238 | +237% |
| Income taxes | 67/77 | €3,336 | €10,123 | +€6,787 | +203% |
| Profit (loss) for the period | 9904 | €6,871 | €24,322 | +€17,451 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €6,871 | €24,322 | +€17,451 | +254% |
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 19 October 2026 via checked.be.