When is enough enough invest: what changed
When is enough enough invest
Largest movements
- Cash +€88,468
up €88,468 (+83.3%), from €106,265 to €194,733
mainly Net result for the year (+€102,587) and Debts after one year (+€27,228)
- Tangible fixed assets +€37,515
up €37,515 (+7.1%), from €528,820 to €566,334
of which Furniture and vehicles: +€36,942
- Reserves +€102,587
up €102,587 (+46.1%), from €222,632 to €325,219
- Trade debts -€42,052
down €42,052 (-64.9%), from €64,802 to €22,750
- Debts after one year +€27,228
up €27,228 (+6.2%), from €441,528 to €468,756
- Tax, wage and social debts +€14,186
up €14,186 (+37.4%), from €37,913 to €52,098
- Other operating charges +€16,658
up €16,658 (+1,319%), from €1,263 to €17,921
- Gross operating margin +€10,173
up €10,173 (+5.3%), from €190,818 to €200,991
- Financial charges +€9,645
up €9,645 (+78.0%), from €12,360 to €22,005
- Depreciation +€7,569
up €7,569 (+78.6%), from €9,631 to €17,200
- Taxes -€3,406
down €3,406 (-7.6%), from €44,684 to €41,277
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €841,798 | €958,911 | +€117,112 | +13.9% |
| Fixed assets | 21/28 | €528,820 | €566,334 | +€37,515 | +7.1% |
| Tangible fixed assets | 22/27 | €528,820 | €566,334 | +€37,515 | +7.1% |
| Land and buildings | 22 | €516,540 | €517,113 | +€572 | +0.1% |
| Furniture and vehicles | 24 | €12,280 | €49,222 | +€36,942 | +301% |
| Current assets | 29/58 | €312,978 | €392,576 | +€79,598 | +25.4% |
| Amounts receivable within one year | 40/41 | €206,714 | €197,844 | -€8,870 | -4.3% |
| Trade receivables | 40 | €90,938 | €5,420 | -€85,518 | -94.0% |
| Other amounts receivable | 41 | €115,776 | €192,424 | +€76,648 | +66.2% |
| Cash at bank and in hand | 54/58 | €106,265 | €194,733 | +€88,468 | +83.3% |
| Total equity and liabilities | 10/49 | €841,798 | €958,911 | +€117,112 | +13.9% |
| Equity | 10/15 | €224,132 | €326,719 | +€102,587 | +45.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €222,632 | €325,219 | +€102,587 | +46.1% |
| Distributable reserves | 133 | €222,632 | €325,219 | +€102,587 | +46.1% |
| Amounts payable | 17/49 | €617,667 | €632,192 | +€14,525 | +2.4% |
| Amounts payable after more than one year | 17 | €441,528 | €468,756 | +€27,228 | +6.2% |
| Financial debts | 170/4 | €441,528 | €468,756 | +€27,228 | +6.2% |
| Amounts payable within one year | 42/48 | €176,138 | €163,436 | -€12,702 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €21,088 | €29,832 | +€8,744 | +41.5% |
| Financial debts | 43 | €14,000 | €14,000 | = | 0.0% |
| Credit institutions | 430/8 | €14,000 | €14,000 | = | 0.0% |
| Trade debts | 44 | €64,802 | €22,750 | -€42,052 | -64.9% |
| Suppliers | 440/4 | €64,802 | €22,750 | -€42,052 | -64.9% |
| Taxes, remuneration and social security | 45 | €37,913 | €52,098 | +€14,186 | +37.4% |
| Taxes | 450/3 | €37,913 | €52,098 | +€14,186 | +37.4% |
| Other amounts payable | 47/48 | €38,336 | €44,756 | +€6,420 | +16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,631 | €17,200 | +€7,569 | +78.6% |
| Other operating charges | 640/8 | €1,263 | €17,921 | +€16,658 | +1,319% |
| Gross operating margin | 9900 | €190,818 | €200,991 | +€10,173 | +5.3% |
| Operating profit (loss) | 9901 | €179,924 | €165,869 | -€14,055 | -7.8% |
| Financial charges | 65/66B | €12,360 | €22,005 | +€9,645 | +78.0% |
| Recurring financial charges | 65 | €12,360 | €22,005 | +€9,645 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €167,564 | €143,864 | -€23,700 | -14.1% |
| Income taxes | 67/77 | €44,684 | €41,277 | -€3,406 | -7.6% |
| Profit (loss) for the period | 9904 | €122,880 | €102,587 | -€20,293 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,880 | €102,587 | -€20,293 | -16.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.