WORKROOM: 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.
WORKROOM
Largest movements
- Cash +€36,902
up €36,902 (+111.7%), from €33,041 to €69,942
mainly Net result for the year (+€29,778) and Receivables within one year (+€8,069)
- Receivables within one year -€8,069
down €8,069 (-51.0%), from €15,834 to €7,765
of which Trade receivables: -€7,510
- Tangible fixed assets -€1,640
down €1,640 (-34.1%), from €4,809 to €3,168
- Profit (loss) carried forward +€29,778
up €29,778 (+81.5%), from €36,547 to €66,325
- Trade debts -€3,038
down €3,038 (-87.1%), from €3,488 to €450
- Tax, wage and social debts +€826
up €826 (+6.1%), from €13,617 to €14,443
- Gross operating margin -€7,285
down €7,285 (-15.6%), from €46,601 to €39,317
- Taxes -€1,903
down €1,903 (-19.5%), from €9,741 to €7,838
- Depreciation +€1,528
up €1,528 (+1363.8%), from €112 to €1,640
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 | €53,752 | €81,318 | +€27,565 | +51.3% |
| Fixed assets | 21/28 | €4,809 | €3,168 | -€1,640 | -34.1% |
| Tangible fixed assets | 22/27 | €4,809 | €3,168 | -€1,640 | -34.1% |
| Furniture and vehicles | 24 | €4,809 | €3,168 | -€1,640 | -34.1% |
| Current assets | 29/58 | €48,944 | €78,149 | +€29,206 | +59.7% |
| Amounts receivable within one year | 40/41 | €15,834 | €7,765 | -€8,069 | -51.0% |
| Trade receivables | 40 | €15,251 | €7,741 | -€7,510 | -49.2% |
| Other amounts receivable | 41 | €584 | €24 | -€560 | -95.9% |
| Cash at bank and in hand | 54/58 | €33,041 | €69,942 | +€36,902 | +111.7% |
| Deferred charges and accrued income | 490/1 | €69 | €442 | +€373 | +544.3% |
| Total equity and liabilities | 10/49 | €53,752 | €81,318 | +€27,565 | +51.3% |
| Equity | 10/15 | €36,647 | €66,425 | +€29,778 | +81.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,547 | €66,325 | +€29,778 | +81.5% |
| Amounts payable | 17/49 | €17,105 | €14,893 | -€2,213 | -12.9% |
| Amounts payable within one year | 42/48 | €17,105 | €14,893 | -€2,213 | -12.9% |
| Trade debts | 44 | €3,488 | €450 | -€3,038 | -87.1% |
| Suppliers | 440/4 | €3,488 | €450 | -€3,038 | -87.1% |
| Taxes, remuneration and social security | 45 | €13,617 | €14,443 | +€826 | +6.1% |
| Taxes | 450/3 | €13,617 | €14,443 | +€826 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112 | €1,640 | +€1,528 | +1363.8% |
| Other operating charges | 640/8 | €79 | €25 | -€54 | -68.5% |
| Gross operating margin | 9900 | €46,601 | €39,317 | -€7,285 | -15.6% |
| Operating profit (loss) | 9901 | €46,410 | €37,651 | -€8,759 | -18.9% |
| Financial income | 75/76B | €29 | €50 | +€21 | +74.9% |
| Recurring financial income | 75 | €29 | €50 | +€21 | +74.9% |
| Financial charges | 65/66B | €151 | €85 | -€66 | -43.6% |
| Recurring financial charges | 65 | €151 | €85 | -€66 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €46,288 | €37,616 | -€8,671 | -18.7% |
| Income taxes | 67/77 | €9,741 | €7,838 | -€1,903 | -19.5% |
| Profit (loss) for the period | 9904 | €36,547 | €29,778 | -€6,769 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,547 | €29,778 | -€6,769 | -18.5% |
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 29 September 2026 via checked.be.