WILL DO: 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.
WILL DO
Largest movements
- Cash +€18,212
up €18,212 (+123%), from €14,801 to €33,013
mainly Net result for the year (+€19,366) and Trade debts (+€3,174)
- Tangible fixed assets +€498
up €498 (+11.5%), from €4,311 to €4,808
of which Plant, machinery and equipment: +€807
- Reserves +€19,366
up €19,366 (+120%), from €16,081 to €35,448
- Tax, wage and social debts -€4,675
down €4,675 (-51.4%), from €9,103 to €4,428
- Trade debts +€3,174
up €3,174 (+312%), from €1,017 to €4,190
- Other debts +€1,105
up €1,105 (+244%), from €452 to €1,556
- Gross operating margin +€5,160
up €5,160 (+20.4%), from €25,235 to €30,394
- Taxes +€1,783
up €1,783 (+26.6%), from €6,707 to €8,490
- Depreciation +€648
up €648 (+103%), from €627 to €1,275
- Other operating charges -€422
down €422 (-35.0%), from €1,205 to €783
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 | €29,752 | €48,722 | +€18,970 | +63.8% |
| Fixed assets | 21/28 | €4,311 | €4,808 | +€498 | +11.5% |
| Tangible fixed assets | 22/27 | €4,311 | €4,808 | +€498 | +11.5% |
| Plant, machinery and equipment | 23 | €1,371 | €2,179 | +€807 | +58.9% |
| Furniture and vehicles | 24 | €2,939 | €2,630 | -€310 | -10.5% |
| Current assets | 29/58 | €25,442 | €43,914 | +€18,472 | +72.6% |
| Amounts receivable within one year | 40/41 | €10,641 | €10,901 | +€260 | +2.4% |
| Trade receivables | 40 | €10,628 | €10,901 | +€273 | +2.6% |
| Other amounts receivable | 41 | €13 | €0 | -€13 | -100% |
| Cash at bank and in hand | 54/58 | €14,801 | €33,013 | +€18,212 | +123% |
| Total equity and liabilities | 10/49 | €29,752 | €48,722 | +€18,970 | +63.8% |
| Equity | 10/15 | €19,181 | €38,548 | +€19,366 | +101% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Reserves | 13 | €16,081 | €35,448 | +€19,366 | +120% |
| Distributable reserves | 133 | €16,081 | €35,448 | +€19,366 | +120% |
| Amounts payable | 17/49 | €10,571 | €10,175 | -€396 | -3.7% |
| Amounts payable within one year | 42/48 | €10,571 | €10,175 | -€396 | -3.7% |
| Trade debts | 44 | €1,017 | €4,190 | +€3,174 | +312% |
| Suppliers | 440/4 | €1,017 | €4,190 | +€3,174 | +312% |
| Taxes, remuneration and social security | 45 | €9,103 | €4,428 | -€4,675 | -51.4% |
| Taxes | 450/3 | €9,103 | €4,428 | -€4,675 | -51.4% |
| Other amounts payable | 47/48 | €452 | €1,556 | +€1,105 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627 | €1,275 | +€648 | +103% |
| Other operating charges | 640/8 | €1,205 | €783 | -€422 | -35.0% |
| Gross operating margin | 9900 | €25,235 | €30,394 | +€5,160 | +20.4% |
| Operating profit (loss) | 9901 | €23,403 | €28,336 | +€4,933 | +21.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €614 | €480 | -€134 | -21.8% |
| Recurring financial charges | 65 | €614 | €480 | -€134 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €22,788 | €27,856 | +€5,068 | +22.2% |
| Income taxes | 67/77 | €6,707 | €8,490 | +€1,783 | +26.6% |
| Profit (loss) for the period | 9904 | €16,081 | €19,366 | +€3,285 | +20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,081 | €19,366 | +€3,285 | +20.4% |
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 31 October 2026 via checked.be.