Why Worry: 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.
Why Worry
Largest movements
- Receivables within one year +€178,657
up €178,657 (+569.9%), from €31,347 to €210,005
of which Trade receivables: +€178,652
- Current investments -€25,139
no longer reported in 2025 (was €25,139)
- Cash +€21,777
up €21,777 (+68.1%), from €31,999 to €53,776
mainly Net result for the year (+€120,209) and Tax, wage and social debts (+€71,821)
- Tangible fixed assets +€3,283
up €3,283 (+38.4%), from €8,551 to €11,834
of which Furniture and vehicles: +€4,787
- Profit (loss) carried forward +€120,209
up €120,209 (+194.1%), from €61,922 to €182,131
- Tax, wage and social debts +€71,821
up €71,821 (+313.5%), from €22,906 to €94,727
of which Taxes: +€74,902
- Trade debts -€12,921
down €12,921 (-91.5%), from €14,124 to €1,203
- Gross operating margin +€120,425
up €120,425 (+262.3%), from €45,910 to €166,336
- Taxes +€26,514
up €26,514 (+267.8%), from €9,899 to €36,413
- Depreciation +€1,824
up €1,824 (+64.9%), from €2,811 to €4,635
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 | €100,952 | €280,561 | +€179,609 | +177.9% |
| Fixed assets | 21/28 | €8,551 | €11,834 | +€3,283 | +38.4% |
| Tangible fixed assets | 22/27 | €8,551 | €11,834 | +€3,283 | +38.4% |
| Plant, machinery and equipment | 23 | €6,829 | €5,325 | -€1,504 | -22.0% |
| Furniture and vehicles | 24 | €1,721 | €6,509 | +€4,787 | +278.2% |
| Current assets | 29/58 | €92,401 | €268,727 | +€176,326 | +190.8% |
| Amounts receivable within one year | 40/41 | €31,347 | €210,005 | +€178,657 | +569.9% |
| Trade receivables | 40 | €31,347 | €209,999 | +€178,652 | +569.9% |
| Other amounts receivable | 41 | - | €6 | +€6 | |
| Current investments | 50/53 | €25,139 | - | -€25,139 | |
| Cash at bank and in hand | 54/58 | €31,999 | €53,776 | +€21,777 | +68.1% |
| Deferred charges and accrued income | 490/1 | €3,916 | €4,947 | +€1,031 | +26.3% |
| Total equity and liabilities | 10/49 | €100,952 | €280,561 | +€179,609 | +177.9% |
| Equity | 10/15 | €63,922 | €184,131 | +€120,209 | +188.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,922 | €182,131 | +€120,209 | +194.1% |
| Amounts payable | 17/49 | €37,030 | €96,430 | +€59,400 | +160.4% |
| Amounts payable within one year | 42/48 | €37,030 | €95,930 | +€58,900 | +159.1% |
| Trade debts | 44 | €14,124 | €1,203 | -€12,921 | -91.5% |
| Suppliers | 440/4 | €14,124 | €1,203 | -€12,921 | -91.5% |
| Taxes, remuneration and social security | 45 | €22,906 | €94,727 | +€71,821 | +313.5% |
| Taxes | 450/3 | €19,825 | €94,727 | +€74,902 | +377.8% |
| Remuneration and social security | 454/9 | €3,081 | - | -€3,081 | |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,811 | €4,635 | +€1,824 | +64.9% |
| Other operating charges | 640/8 | €46 | €85 | +€39 | +84.8% |
| Gross operating margin | 9900 | €45,910 | €166,336 | +€120,425 | +262.3% |
| Operating profit (loss) | 9901 | €43,053 | €161,616 | +€118,563 | +275.4% |
| Financial income | 75/76B | €530 | €396 | -€134 | -25.3% |
| Recurring financial income | 75 | €530 | €396 | -€134 | -25.3% |
| Financial charges | 65/66B | €4,115 | €5,390 | +€1,275 | +31.0% |
| Recurring financial charges | 65 | €4,115 | €5,390 | +€1,275 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €39,469 | €156,622 | +€117,154 | +296.8% |
| Income taxes | 67/77 | €9,899 | €36,413 | +€26,514 | +267.8% |
| Profit (loss) for the period | 9904 | €29,569 | €120,209 | +€90,640 | +306.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,569 | €120,209 | +€90,640 | +306.5% |
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 30 September 2026 via checked.be.