Written by Jen: what changed
Two financial 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.
Written by Jen
Largest movements
- Cash +€19,536
up €19,536 (+27.6%), from €70,656 to €90,193
mainly Other debts (+€51,492) and Net result for the year (+€27,374)
- Receivables within one year +€6,802
up €6,802 (+68.8%), from €9,891 to €16,693
of which Other amounts receivable: +€5,230
- Other debts +€51,492
new in 2025: €51,492
- Profit (loss) carried forward -€51,418
no longer reported in 2025 (was €51,418)
- Reserves +€27,300
up €27,300 (+133%), from €20,500 to €47,800
- Trade debts -€1,096
down €1,096 (-96.6%), from €1,135 to €39
- Gross operating margin +€8,649
up €8,649 (+28.7%), from €30,087 to €38,736
- Taxes +€2,533
up €2,533 (+31.6%), from €8,006 to €10,539
- Financial charges -€797
down €797 (-48.1%), from €1,656 to €859
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.
Derived cash bridge
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 | €81,288 | €107,648 | +€26,360 | +32.4% |
| Current assets | 29/58 | €81,288 | €107,648 | +€26,360 | +32.4% |
| Amounts receivable within one year | 40/41 | €9,891 | €16,693 | +€6,802 | +68.8% |
| Trade receivables | 40 | €2,898 | €4,470 | +€1,572 | +54.2% |
| Other amounts receivable | 41 | €6,993 | €12,223 | +€5,230 | +74.8% |
| Cash at bank and in hand | 54/58 | €70,656 | €90,193 | +€19,536 | +27.6% |
| Deferred charges and accrued income | 490/1 | €741 | €763 | +€22 | +3.0% |
| Total equity and liabilities | 10/49 | €81,288 | €107,648 | +€26,360 | +32.4% |
| Equity | 10/15 | €72,018 | €47,900 | -€24,118 | -33.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €20,500 | €47,800 | +€27,300 | +133% |
| Distributable reserves | 133 | €20,500 | €47,800 | +€27,300 | +133% |
| Profit (loss) carried forward | 14 | €51,418 | - | -€51,418 | |
| Amounts payable | 17/49 | €9,270 | €59,748 | +€50,479 | +545% |
| Amounts payable within one year | 42/48 | €9,270 | €59,748 | +€50,479 | +545% |
| Financial debts | 43 | €128 | €28 | -€101 | -78.4% |
| Credit institutions | 430/8 | €128 | €28 | -€101 | -78.4% |
| Trade debts | 44 | €1,135 | €39 | -€1,096 | -96.6% |
| Suppliers | 440/4 | €1,135 | €39 | -€1,096 | -96.6% |
| Taxes, remuneration and social security | 45 | €8,006 | €8,190 | +€183 | +2.3% |
| Taxes | 450/3 | €8,006 | €8,190 | +€183 | +2.3% |
| Other amounts payable | 47/48 | - | €51,492 | +€51,492 | |
| Gross operating margin | 9900 | €30,087 | €38,736 | +€8,649 | +28.7% |
| Operating profit (loss) | 9901 | €30,087 | €38,736 | +€8,649 | +28.7% |
| Financial income | 75/76B | €121 | €37 | -€84 | -69.6% |
| Recurring financial income | 75 | €121 | €37 | -€84 | -69.6% |
| Financial charges | 65/66B | €1,656 | €859 | -€797 | -48.1% |
| Recurring financial charges | 65 | €1,656 | €859 | -€797 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €28,552 | €37,913 | +€9,362 | +32.8% |
| Income taxes | 67/77 | €8,006 | €10,539 | +€2,533 | +31.6% |
| Profit (loss) for the period | 9904 | €20,545 | €27,374 | +€6,829 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €20,545 | €27,374 | +€6,829 | +33.2% |
Source: filed annual accounts (NBB), financial 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 November 2026 via checked.be.