WRITE THE FUTURE: 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.
WRITE THE FUTURE
Largest movements
- Receivables within one year +€106,010
up €106,010 (+118.0%), from €89,864 to €195,875
of which Trade receivables: +€106,010
- Cash +€41,992
up €41,992 (+566.6%), from €7,412 to €49,404
mainly Other debts (+€113,697) and Trade debts (+€38,470)
- Tangible fixed assets -€5,621
down €5,621 (-20.7%), from €27,191 to €21,571
of which Leasing and similar rights: -€9,230
- Other debts +€113,697
up €113,697 (+391.2%), from €29,067 to €142,764
- Trade debts +€38,470
up €38,470 (+332.7%), from €11,564 to €50,035
- Advances received -€21,882
down €21,882 (-64.4%), from €33,988 to €12,105
- Reserves +€14,360
new in 2025: €14,360
- Debts after one year -€8,883
down €8,883 (-46.2%), from €19,226 to €10,343
- Write-downs -€2,898
down €2,898 (-293.9%), from -€986 to -€3,884
- Taxes +€2,782
up €2,782 (+70.7%), from €3,934 to €6,717
- Financial charges +€1,450
up €1,450 (+29.3%), from €4,949 to €6,399
- Gross operating margin +€1,253
up €1,253 (+3.8%), from €32,774 to €34,027
- Staff costs -€435
down €435 (-91.7%), from €474 to €39
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 | €136,097 | €278,980 | +€142,883 | +105.0% |
| Fixed assets | 21/28 | €27,473 | €22,923 | -€4,551 | -16.6% |
| Tangible fixed assets | 22/27 | €27,191 | €21,571 | -€5,621 | -20.7% |
| Furniture and vehicles | 24 | - | €3,609 | +€3,609 | |
| Leasing and similar rights | 25 | €27,191 | €17,961 | -€9,230 | -33.9% |
| Financial fixed assets | 28 | €282 | €1,352 | +€1,070 | +379.5% |
| Current assets | 29/58 | €108,624 | €256,058 | +€147,434 | +135.7% |
| Stocks and contracts in progress | 3 | €9,630 | €7,284 | -€2,347 | -24.4% |
| Stocks | 30/36 | €9,630 | €7,284 | -€2,347 | -24.4% |
| Amounts receivable within one year | 40/41 | €89,864 | €195,875 | +€106,010 | +118.0% |
| Trade receivables | 40 | €89,864 | €195,875 | +€106,010 | +118.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,412 | €49,404 | +€41,992 | +566.6% |
| Deferred charges and accrued income | 490/1 | €1,717 | €3,496 | +€1,778 | +103.5% |
| Total equity and liabilities | 10/49 | €136,097 | €278,980 | +€142,883 | +105.0% |
| Equity | 10/15 | €25,045 | €39,406 | +€14,360 | +57.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €14,360 | +€14,360 | |
| Distributable reserves | 133 | - | €14,360 | +€14,360 | |
| Profit (loss) carried forward | 14 | €20,045 | €20,045 | = | 0.0% |
| Amounts payable | 17/49 | €111,052 | €239,575 | +€128,523 | +115.7% |
| Amounts payable after more than one year | 17 | €19,226 | €10,343 | -€8,883 | -46.2% |
| Financial debts | 170/4 | €19,226 | €10,343 | -€8,883 | -46.2% |
| Amounts payable within one year | 42/48 | €86,461 | €224,947 | +€138,486 | +160.2% |
| Current portion of amounts payable after more than one year | 42 | €8,394 | €8,883 | +€489 | +5.8% |
| Trade debts | 44 | €11,564 | €50,035 | +€38,470 | +332.7% |
| Suppliers | 440/4 | €11,564 | €50,035 | +€38,470 | +332.7% |
| Advances received on contracts in progress | 46 | €33,988 | €12,105 | -€21,882 | -64.4% |
| Taxes, remuneration and social security | 45 | €3,449 | €11,160 | +€7,712 | +223.6% |
| Taxes | 450/3 | €3,449 | €6,660 | +€3,212 | +93.1% |
| Remuneration and social security | 454/9 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €29,067 | €142,764 | +€113,697 | +391.2% |
| Accrued charges and deferred income | 492/3 | €5,365 | €4,285 | -€1,080 | -20.1% |
| Remuneration, social security and pensions | 62 | €474 | €39 | -€435 | -91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,230 | €9,283 | +€53 | +0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€986 | -€3,884 | -€2,898 | -293.9% |
| Other operating charges | 640/8 | €1,341 | €1,138 | -€203 | -15.1% |
| Gross operating margin | 9900 | €32,774 | €34,027 | +€1,253 | +3.8% |
| Operating profit (loss) | 9901 | €22,714 | €27,451 | +€4,736 | +20.9% |
| Financial income | 75/76B | €243 | €26 | -€217 | -89.3% |
| Recurring financial income | 75 | €243 | €26 | -€217 | -89.3% |
| Financial charges | 65/66B | €4,949 | €6,399 | +€1,450 | +29.3% |
| Recurring financial charges | 65 | €4,949 | €6,399 | +€1,450 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €18,009 | €21,077 | +€3,069 | +17.0% |
| Income taxes | 67/77 | €3,934 | €6,717 | +€2,782 | +70.7% |
| Profit (loss) for the period | 9904 | €14,074 | €14,360 | +€286 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,074 | €14,360 | +€286 | +2.0% |
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 1 October 2026 via checked.be.