WINNING LINK: 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.
WINNING LINK
Largest movements
- Receivables within one year -€4,765
down €4,765 (-39.0%), from €12,205 to €7,440
of which Other amounts receivable: -€4,765
- Cash +€2,999
up €2,999 (+75.9%), from €3,951 to €6,951
mainly Net result for the year (+€7,005) and Receivables within one year (+€4,765)
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Tangible fixed assets -€936
down €936 (-25.8%), from €3,623 to €2,687
- Tax, wage and social debts -€5,793
down €5,793 (-65.9%), from €8,795 to €3,002
- Other debts +€4,501
up €4,501 (+51501.1%), from €9 to €4,510
- Gross operating margin +€6,341
up €6,341 (+310.9%), from €2,040 to €8,381
- Other operating charges +€456
up €456 (+103.5%), from €440 to €896
- Financial charges -€282
down €282 (-65.6%), from €431 to €148
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 | €26,779 | €25,578 | -€1,201 | -4.5% |
| Fixed assets | 21/28 | €10,623 | €9,687 | -€936 | -8.8% |
| Tangible fixed assets | 22/27 | €3,623 | €2,687 | -€936 | -25.8% |
| Plant, machinery and equipment | 23 | €3,623 | €2,687 | -€936 | -25.8% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €16,156 | €15,891 | -€265 | -1.6% |
| Amounts receivable within one year | 40/41 | €12,205 | €7,440 | -€4,765 | -39.0% |
| Trade receivables | 40 | €7,440 | €7,440 | = | 0.0% |
| Other amounts receivable | 41 | €4,765 | - | -€4,765 | |
| Cash at bank and in hand | 54/58 | €3,951 | €6,951 | +€2,999 | +75.9% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €26,779 | €25,578 | -€1,201 | -4.5% |
| Equity | 10/15 | €17,975 | €17,980 | +€5 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,769 | €6,769 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,909 | €4,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,394 | -€7,389 | +€5 | +0.1% |
| Amounts payable | 17/49 | €8,803 | €7,598 | -€1,206 | -13.7% |
| Amounts payable within one year | 42/48 | €8,803 | €7,598 | -€1,206 | -13.7% |
| Trade debts | 44 | - | €86 | +€86 | |
| Suppliers | 440/4 | - | €86 | +€86 | |
| Taxes, remuneration and social security | 45 | €8,795 | €3,002 | -€5,793 | -65.9% |
| Taxes | 450/3 | €8,795 | €3,002 | -€5,793 | -65.9% |
| Other amounts payable | 47/48 | €9 | €4,510 | +€4,501 | +51501.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336 | €336 | = | 0.0% |
| Other operating charges | 640/8 | €440 | €896 | +€456 | +103.5% |
| Gross operating margin | 9900 | €2,040 | €8,381 | +€6,341 | +310.9% |
| Operating profit (loss) | 9901 | €1,263 | €7,149 | +€5,886 | +465.8% |
| Financial income | 75/76B | €9 | €5 | -€3 | -39.8% |
| Recurring financial income | 75 | €9 | €5 | -€3 | -39.8% |
| Financial charges | 65/66B | €431 | €148 | -€282 | -65.6% |
| Recurring financial charges | 65 | €431 | €148 | -€282 | -65.6% |
| Profit (loss) for the period before taxes | 9903 | €841 | €7,006 | +€6,165 | +732.7% |
| Income taxes | 67/77 | €38 | €2 | -€36 | -95.9% |
| Profit (loss) for the period | 9904 | €804 | €7,005 | +€6,201 | +771.6% |
| Profit (loss) for the period to be appropriated | 9905 | €804 | €7,005 | +€6,201 | +771.6% |
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 2 October 2026 via checked.be.