WHATWASGIVEN: 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.
WHATWASGIVEN
Largest movements
- Cash -€26,417
down €26,417 (-41.5%), from €63,661 to €37,244
mainly Tax, wage and social debts (-€52,777) and Contributions, distributions and other (-€50,000)
- Receivables within one year +€23,633
up €23,633 (+67.0%), from €35,277 to €58,910
of which Trade receivables: +€29,835
- Tangible fixed assets -€9,489
down €9,489 (-42.6%), from €22,274 to €12,785
of which Furniture and vehicles: -€10,420
- Tax, wage and social debts -€52,777
down €52,777 (-79.2%), from €66,614 to €13,836
- Other debts +€50,000
up €50,000, from €0 to €50,000
- Debts after one year -€35,278
down €35,278 (-11.4%), from €309,039 to €273,762
- Reserves +€15,679
up €15,679 (+77.9%), from €20,115 to €35,794
- Accrued charges and deferred income +€9,075
up €9,075 (+91.5%), from €9,920 to €18,995
- Financial income -€81,932
down €81,932 (-94.7%), from €86,496 to €4,565
- Depreciation -€10,587
down €10,587 (-77.9%), from €13,595 to €3,008
- Gross operating margin +€8,924
up €8,924 (+9.4%), from €95,167 to €104,092
- Taxes -€8,174
down €8,174 (-22.6%), from €36,234 to €28,060
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 | €458,500 | €450,323 | -€8,177 | -1.8% |
| Fixed assets | 21/28 | €237,350 | €227,861 | -€9,489 | -4.0% |
| Tangible fixed assets | 22/27 | €22,274 | €12,785 | -€9,489 | -42.6% |
| Furniture and vehicles | 24 | €19,636 | €9,217 | -€10,420 | -53.1% |
| Other tangible fixed assets | 26 | €2,637 | €3,569 | +€931 | +35.3% |
| Financial fixed assets | 28 | €215,076 | €215,076 | = | 0.0% |
| Current assets | 29/58 | €221,150 | €222,462 | +€1,311 | +0.6% |
| Amounts receivable after more than one year | 29 | €113,761 | €113,761 | = | 0.0% |
| Trade receivables | 290 | €113,761 | €113,761 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €35,277 | €58,910 | +€23,633 | +67.0% |
| Trade receivables | 40 | €17,545 | €47,380 | +€29,835 | +170.0% |
| Other amounts receivable | 41 | €17,732 | €11,530 | -€6,202 | -35.0% |
| Cash at bank and in hand | 54/58 | €63,661 | €37,244 | -€26,417 | -41.5% |
| Deferred charges and accrued income | 490/1 | €8,451 | €12,546 | +€4,095 | +48.5% |
| Total equity and liabilities | 10/49 | €458,500 | €450,323 | -€8,177 | -1.8% |
| Equity | 10/15 | €35,115 | €50,794 | +€15,679 | +44.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €20,115 | €35,794 | +€15,679 | +77.9% |
| Distributable reserves | 133 | €20,115 | €35,794 | +€15,679 | +77.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €423,385 | €399,529 | -€23,856 | -5.6% |
| Amounts payable after more than one year | 17 | €309,039 | €273,762 | -€35,278 | -11.4% |
| Financial debts | 170/4 | €309,039 | €273,762 | -€35,278 | -11.4% |
| Amounts payable within one year | 42/48 | €104,425 | €106,772 | +€2,347 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €36,549 | €35,278 | -€1,272 | -3.5% |
| Financial debts | 43 | €121 | €6,472 | +€6,351 | +5256.0% |
| Credit institutions | 430/8 | €121 | €54 | -€67 | -55.2% |
| Other loans | 439 | - | €6,418 | +€6,418 | |
| Trade debts | 44 | €1,142 | €1,186 | +€44 | +3.9% |
| Suppliers | 440/4 | €1,142 | €1,186 | +€44 | +3.9% |
| Taxes, remuneration and social security | 45 | €66,614 | €13,836 | -€52,777 | -79.2% |
| Taxes | 450/3 | €66,614 | €13,836 | -€52,777 | -79.2% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Accrued charges and deferred income | 492/3 | €9,920 | €18,995 | +€9,075 | +91.5% |
| Non-recurring operating income | 76A | - | €14,365 | +€14,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,595 | €3,008 | -€10,587 | -77.9% |
| Other operating charges | 640/8 | €938 | €1,654 | +€716 | +76.3% |
| Gross operating margin | 9900 | €95,167 | €104,092 | +€8,924 | +9.4% |
| Operating profit (loss) | 9901 | €80,634 | €99,430 | +€18,796 | +23.3% |
| Financial income | 75/76B | €86,496 | €4,565 | -€81,932 | -94.7% |
| Recurring financial income | 75 | €86,496 | €4,565 | -€81,932 | -94.7% |
| Financial charges | 65/66B | €10,781 | €10,256 | -€525 | -4.9% |
| Recurring financial charges | 65 | €10,781 | €10,256 | -€525 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €156,350 | €93,739 | -€62,611 | -40.0% |
| Income taxes | 67/77 | €36,234 | €28,060 | -€8,174 | -22.6% |
| Profit (loss) for the period | 9904 | €120,115 | €65,679 | -€54,437 | -45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,115 | €65,679 | -€54,437 | -45.3% |
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 6 October 2026 via checked.be.