Wonder: 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.
Wonder
Largest movements
- Tangible fixed assets +€94,448
up €94,448 (+689.0%), from €13,708 to €108,156
of which Furniture and vehicles: +€82,061
- Cash +€5,990
up €5,990 (+4.1%), from €146,420 to €152,410
mainly Net result for the year (+€237,415) and Debts after one year (+€63,779)
- Receivables within one year +€5,416
up €5,416 (+6.4%), from €84,031 to €89,447
of which Trade receivables: +€4,979
- Profit (loss) carried forward +€199,977
up €199,977 (+528900.2%), from €38 to €200,015
- Other debts -€152,410
down €152,410 (-90.5%), from €168,343 to €15,933
- Debts after one year +€63,779
new in 2025: €63,779
- Reserves -€24,288
down €24,288 (-49.9%), from €48,688 to €24,400
- Current portion of long-term debt +€14,956
new in 2025: €14,956
- Gross operating margin +€41,931
up €41,931 (+14.9%), from €280,957 to €322,888
- Taxes +€9,166
up €9,166 (+14.8%), from €61,815 to €70,981
- Depreciation +€4,862
up €4,862 (+76.2%), from €6,379 to €11,241
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 | €245,133 | €352,720 | +€107,587 | +43.9% |
| Fixed assets | 21/28 | €13,768 | €108,216 | +€94,448 | +686.0% |
| Tangible fixed assets | 22/27 | €13,708 | €108,156 | +€94,448 | +689.0% |
| Plant, machinery and equipment | 23 | - | €837 | +€837 | |
| Furniture and vehicles | 24 | €9,392 | €91,453 | +€82,061 | +873.7% |
| Other tangible fixed assets | 26 | €4,316 | €15,866 | +€11,550 | +267.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €231,365 | €244,504 | +€13,139 | +5.7% |
| Amounts receivable within one year | 40/41 | €84,031 | €89,447 | +€5,416 | +6.4% |
| Trade receivables | 40 | €80,350 | €85,329 | +€4,979 | +6.2% |
| Other amounts receivable | 41 | €3,681 | €4,118 | +€437 | +11.9% |
| Cash at bank and in hand | 54/58 | €146,420 | €152,410 | +€5,990 | +4.1% |
| Deferred charges and accrued income | 490/1 | €914 | €2,647 | +€1,733 | +189.7% |
| Total equity and liabilities | 10/49 | €245,133 | €352,720 | +€107,587 | +43.9% |
| Equity | 10/15 | €67,326 | €243,015 | +€175,689 | +261.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €48,688 | €24,400 | -€24,288 | -49.9% |
| Distributable reserves | 133 | €48,688 | €24,400 | -€24,288 | -49.9% |
| Profit (loss) carried forward | 14 | €38 | €200,015 | +€199,977 | +528900.2% |
| Amounts payable | 17/49 | €177,807 | €109,705 | -€68,102 | -38.3% |
| Amounts payable after more than one year | 17 | - | €63,779 | +€63,779 | |
| Financial debts | 170/4 | - | €63,779 | +€63,779 | |
| Amounts payable within one year | 42/48 | €177,803 | €45,926 | -€131,877 | -74.2% |
| Current portion of amounts payable after more than one year | 42 | - | €14,956 | +€14,956 | |
| Trade debts | 44 | €3,684 | €8,916 | +€5,233 | +142.0% |
| Suppliers | 440/4 | €3,684 | €8,916 | +€5,233 | +142.0% |
| Taxes, remuneration and social security | 45 | €5,776 | €6,120 | +€344 | +6.0% |
| Taxes | 450/3 | €5,776 | €6,120 | +€344 | +6.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €168,343 | €15,933 | -€152,410 | -90.5% |
| Accrued charges and deferred income | 492/3 | €4 | €0 | -€4 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,379 | €11,241 | +€4,862 | +76.2% |
| Other operating charges | 640/8 | €1,178 | €913 | -€264 | -22.5% |
| Gross operating margin | 9900 | €280,957 | €322,888 | +€41,931 | +14.9% |
| Operating profit (loss) | 9901 | €273,400 | €310,733 | +€37,334 | +13.7% |
| Financial income | 75/76B | €31 | €11 | -€20 | -65.2% |
| Recurring financial income | 75 | €31 | €11 | -€20 | -65.2% |
| Financial charges | 65/66B | €2,578 | €2,349 | -€229 | -8.9% |
| Recurring financial charges | 65 | €2,578 | €2,349 | -€229 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €270,853 | €308,396 | +€37,543 | +13.9% |
| Income taxes | 67/77 | €61,815 | €70,981 | +€9,166 | +14.8% |
| Profit (loss) for the period | 9904 | €209,038 | €237,415 | +€28,377 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €209,038 | €237,415 | +€28,377 | +13.6% |
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 8 October 2026 via checked.be.