WHAT'S LEFT: 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.
WHAT'S LEFT
Largest movements
- Cash +€11,230
up €11,230 (+5.7%), from €195,828 to €207,058
mainly Other debts (+€30,291) and Net result for the year (+€22,546)
- Stocks and contracts +€7,990
up €7,990 (+7.5%), from €106,728 to €114,718
- Other debts +€30,291
up €30,291 (+133%), from €22,751 to €53,042
- Reserves -€13,991
down €13,991 (-5.8%), from €241,066 to €227,076
- Trade debts +€6,736
up €6,736 (+74.8%), from €9,009 to €15,745
- Gross operating margin -€15,068
down €15,068 (-14.0%), from €107,498 to €92,430
- Staff costs +€11,266
up €11,266 (+27.5%), from €41,016 to €52,282
- Taxes -€7,025
down €7,025 (-45.5%), from €15,423 to €8,398
- Other operating charges +€1,295
up €1,295 (+58.6%), from €2,210 to €3,505
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 | €338,904 | €358,671 | +€19,767 | +5.8% |
| Fixed assets | 21/28 | €35,024 | €33,806 | -€1,218 | -3.5% |
| Tangible fixed assets | 22/27 | €3,974 | €2,756 | -€1,218 | -30.6% |
| Furniture and vehicles | 24 | €3,974 | €2,756 | -€1,218 | -30.6% |
| Financial fixed assets | 28 | €31,050 | €31,050 | = | 0.0% |
| Current assets | 29/58 | €303,880 | €324,864 | +€20,984 | +6.9% |
| Stocks and contracts in progress | 3 | €106,728 | €114,718 | +€7,990 | +7.5% |
| Stocks | 30/36 | €106,728 | €114,718 | +€7,990 | +7.5% |
| Amounts receivable within one year | 40/41 | - | €1,602 | +€1,602 | |
| Other amounts receivable | 41 | - | €1,602 | +€1,602 | |
| Cash at bank and in hand | 54/58 | €195,828 | €207,058 | +€11,230 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,487 | +€162 | +12.3% |
| Total equity and liabilities | 10/49 | €338,904 | €358,671 | +€19,767 | +5.8% |
| Equity | 10/15 | €259,666 | €245,676 | -€13,991 | -5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,066 | €227,076 | -€13,991 | -5.8% |
| Distributable reserves | 133 | €241,066 | €227,076 | -€13,991 | -5.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,238 | €112,995 | +€33,757 | +42.6% |
| Amounts payable within one year | 42/48 | €77,092 | €111,396 | +€34,304 | +44.5% |
| Trade debts | 44 | €9,009 | €15,745 | +€6,736 | +74.8% |
| Suppliers | 440/4 | €9,009 | €15,745 | +€6,736 | +74.8% |
| Taxes, remuneration and social security | 45 | €45,332 | €42,609 | -€2,723 | -6.0% |
| Taxes | 450/3 | €37,550 | €32,412 | -€5,138 | -13.7% |
| Remuneration and social security | 454/9 | €7,782 | €10,197 | +€2,415 | +31.0% |
| Other amounts payable | 47/48 | €22,751 | €53,042 | +€30,291 | +133% |
| Accrued charges and deferred income | 492/3 | €2,146 | €1,599 | -€546 | -25.5% |
| Remuneration, social security and pensions | 62 | €41,016 | €52,282 | +€11,266 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €1,218 | = | 0.0% |
| Other operating charges | 640/8 | €2,210 | €3,505 | +€1,295 | +58.6% |
| Gross operating margin | 9900 | €107,498 | €92,430 | -€15,068 | -14.0% |
| Operating profit (loss) | 9901 | €63,054 | €35,426 | -€27,629 | -43.8% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €5,083 | €4,481 | -€602 | -11.9% |
| Recurring financial charges | 65 | €5,083 | €4,481 | -€602 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €57,984 | €30,945 | -€27,039 | -46.6% |
| Income taxes | 67/77 | €15,423 | €8,398 | -€7,025 | -45.5% |
| Profit (loss) for the period | 9904 | €42,561 | €22,546 | -€20,014 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,561 | €22,546 | -€20,014 | -47.0% |
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 23 October 2026 via checked.be.