WHY AND YOU: 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.
WHY AND YOU
Largest movements
- Cash +€26,759
up €26,759 (+244%), from €10,949 to €37,709
mainly Net result for the year (+€36,901) and Other debts (+€10,881)
- Receivables within one year -€5,753
down €5,753 (-24.5%), from €23,491 to €17,738
of which Other amounts receivable: -€4,543
- Tangible fixed assets -€2,558
down €2,558 (-45.8%), from €5,589 to €3,031
- Deferred charges and accrued income -€1,341
no longer reported in 2025 (was €1,341)
- Other debts +€10,881
up €10,881 (+40.0%), from €27,223 to €38,104
- Tax, wage and social debts +€6,453
up €6,453 (+478%), from €1,350 to €7,803
- Trade debts -€1,300
no longer reported in 2025 (was €1,300)
- Accrued charges and deferred income +€673
up €673 (+367%), from €184 to €856
- Gross operating margin +€11,277
up €11,277 (+27.7%), from €40,724 to €52,001
- Depreciation +€2,897
up €2,897 (+1,529%), from €189 to €3,086
- Financial charges -€936
down €936 (-84.1%), from €1,113 to €177
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 | €41,370 | €58,477 | +€17,107 | +41.4% |
| Fixed assets | 21/28 | €5,589 | €3,031 | -€2,558 | -45.8% |
| Tangible fixed assets | 22/27 | €5,589 | €3,031 | -€2,558 | -45.8% |
| Furniture and vehicles | 24 | €5,589 | €3,031 | -€2,558 | -45.8% |
| Current assets | 29/58 | €35,781 | €55,446 | +€19,665 | +55.0% |
| Amounts receivable within one year | 40/41 | €23,491 | €17,738 | -€5,753 | -24.5% |
| Trade receivables | 40 | €18,888 | €17,677 | -€1,211 | -6.4% |
| Other amounts receivable | 41 | €4,603 | €60 | -€4,543 | -98.7% |
| Cash at bank and in hand | 54/58 | €10,949 | €37,709 | +€26,759 | +244% |
| Deferred charges and accrued income | 490/1 | €1,341 | - | -€1,341 | |
| Total equity and liabilities | 10/49 | €41,370 | €58,477 | +€17,107 | +41.4% |
| Equity | 10/15 | €11,313 | €11,714 | +€401 | +3.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €6,313 | €6,714 | +€401 | +6.4% |
| Distributable reserves | 133 | €6,313 | €6,714 | +€401 | +6.4% |
| Amounts payable | 17/49 | €30,057 | €46,763 | +€16,706 | +55.6% |
| Amounts payable within one year | 42/48 | €29,873 | €45,907 | +€16,034 | +53.7% |
| Trade debts | 44 | €1,300 | - | -€1,300 | |
| Suppliers | 440/4 | €1,300 | - | -€1,300 | |
| Taxes, remuneration and social security | 45 | €1,350 | €7,803 | +€6,453 | +478% |
| Taxes | 450/3 | €1,350 | €7,803 | +€6,453 | +478% |
| Other amounts payable | 47/48 | €27,223 | €38,104 | +€10,881 | +40.0% |
| Accrued charges and deferred income | 492/3 | €184 | €856 | +€673 | +367% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189 | €3,086 | +€2,897 | +1,529% |
| Other operating charges | 640/8 | €745 | €960 | +€215 | +28.8% |
| Gross operating margin | 9900 | €40,724 | €52,001 | +€11,277 | +27.7% |
| Operating profit (loss) | 9901 | €39,789 | €47,956 | +€8,166 | +20.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -35.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -35.0% |
| Financial charges | 65/66B | €1,113 | €177 | -€936 | -84.1% |
| Recurring financial charges | 65 | €1,113 | €177 | -€936 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €38,677 | €47,779 | +€9,102 | +23.5% |
| Income taxes | 67/77 | €11,339 | €10,878 | -€461 | -4.1% |
| Profit (loss) for the period | 9904 | €27,338 | €36,901 | +€9,563 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,338 | €36,901 | +€9,563 | +35.0% |
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 29 October 2026 via checked.be.