Words & Solutions: 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.
Words & Solutions
Largest movements
- Cash +€137,353
up €137,353 (+95.1%), from €144,402 to €281,755
mainly Current investments (+€78,357) and Other debts (+€61,328)
- Current investments -€78,357
down €78,357 (-42.2%), from €185,528 to €107,171
- Receivables within one year -€13,760
down €13,760 (-29.0%), from €47,493 to €33,733
of which Other amounts receivable: -€19,123
- Other debts +€61,328
up €61,328 (+559.6%), from €10,959 to €72,287
- Reserves -€10,501
down €10,501 (-3.7%), from €285,865 to €275,364
- Tax, wage and social debts -€7,752
down €7,752 (-82.2%), from €9,430 to €1,678
- Taxes +€13,137
up €13,137 (+43.6%), from €30,110 to €43,247
- Gross operating margin +€2,117
up €2,117 (+2.6%), from €82,592 to €84,709
- Financial income -€1,089
down €1,089 (-42.7%), from €2,551 to €1,462
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 | €386,650 | €431,979 | +€45,329 | +11.7% |
| Fixed assets | 21/28 | €9,227 | €9,320 | +€93 | +1.0% |
| Tangible fixed assets | 22/27 | €9,227 | €9,320 | +€93 | +1.0% |
| Furniture and vehicles | 24 | €5,921 | €3,119 | -€2,802 | -47.3% |
| Other tangible fixed assets | 26 | €3,306 | €6,201 | +€2,895 | +87.6% |
| Current assets | 29/58 | €377,423 | €422,659 | +€45,236 | +12.0% |
| Amounts receivable within one year | 40/41 | €47,493 | €33,733 | -€13,760 | -29.0% |
| Trade receivables | 40 | €17,493 | €22,856 | +€5,363 | +30.7% |
| Other amounts receivable | 41 | €30,000 | €10,877 | -€19,123 | -63.7% |
| Current investments | 50/53 | €185,528 | €107,171 | -€78,357 | -42.2% |
| Cash at bank and in hand | 54/58 | €144,402 | €281,755 | +€137,353 | +95.1% |
| Total equity and liabilities | 10/49 | €386,650 | €431,979 | +€45,329 | +11.7% |
| Equity | 10/15 | €364,152 | €353,997 | -€10,155 | -2.8% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €285,865 | €275,364 | -€10,501 | -3.7% |
| Distributable reserves | 133 | €285,865 | €275,364 | -€10,501 | -3.7% |
| Profit (loss) carried forward | 14 | €77,687 | €78,033 | +€346 | +0.4% |
| Amounts payable | 17/49 | €22,498 | €77,982 | +€55,484 | +246.6% |
| Amounts payable within one year | 42/48 | €22,498 | €77,982 | +€55,484 | +246.6% |
| Trade debts | 44 | €2,109 | €4,017 | +€1,908 | +90.5% |
| Suppliers | 440/4 | €2,109 | €4,017 | +€1,908 | +90.5% |
| Taxes, remuneration and social security | 45 | €9,430 | €1,678 | -€7,752 | -82.2% |
| Taxes | 450/3 | €9,430 | €1,678 | -€7,752 | -82.2% |
| Other amounts payable | 47/48 | €10,959 | €72,287 | +€61,328 | +559.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,417 | €3,807 | +€390 | +11.4% |
| Other operating charges | 640/8 | €1,284 | €549 | -€735 | -57.2% |
| Gross operating margin | 9900 | €82,592 | €84,709 | +€2,117 | +2.6% |
| Operating profit (loss) | 9901 | €77,891 | €80,353 | +€2,462 | +3.2% |
| Financial income | 75/76B | €2,551 | €1,462 | -€1,089 | -42.7% |
| Recurring financial income | 75 | €2,551 | €1,462 | -€1,089 | -42.7% |
| Financial charges | 65/66B | €110 | €158 | +€48 | +43.6% |
| Recurring financial charges | 65 | €110 | €158 | +€48 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €80,332 | €81,657 | +€1,325 | +1.6% |
| Income taxes | 67/77 | €30,110 | €43,247 | +€13,137 | +43.6% |
| Profit (loss) for the period | 9904 | €50,222 | €38,410 | -€11,812 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,222 | €38,410 | -€11,812 | -23.5% |
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 7 October 2026 via checked.be.