X.: 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.
X.
Largest movements
- Cash +€5,724
up €5,724 (+17.8%), from €32,148 to €37,873
mainly Net result for the year (+€8,627) and Depreciation (+€982)
- Receivables within one year +€3,405
up €3,405 (+77.8%), from €4,376 to €7,781
of which Trade receivables: +€3,435
- Tangible fixed assets -€676
down €676 (-45.7%), from €1,480 to €804
- Reserves +€8,627
up €8,627 (+39.5%), from €21,812 to €30,439
- Tax, wage and social debts +€531
up €531 (+5.3%), from €10,013 to €10,544
- Other debts -€529
down €529 (-29.9%), from €1,768 to €1,239
- Gross operating margin -€17,491
down €17,491 (-56.6%), from €30,891 to €13,400
- Taxes -€3,128
down €3,128 (-52.8%), from €5,918 to €2,791
- Depreciation -€1,061
down €1,061 (-51.9%), from €2,043 to €982
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 | €39,000 | €47,386 | +€8,386 | +21.5% |
| Formation expenses | 20 | €306 | €0 | -€306 | -100.0% |
| Fixed assets | 21/28 | €1,480 | €804 | -€676 | -45.7% |
| Tangible fixed assets | 22/27 | €1,480 | €804 | -€676 | -45.7% |
| Furniture and vehicles | 24 | €1,480 | €804 | -€676 | -45.7% |
| Current assets | 29/58 | €37,215 | €46,582 | +€9,368 | +25.2% |
| Amounts receivable within one year | 40/41 | €4,376 | €7,781 | +€3,405 | +77.8% |
| Trade receivables | 40 | €4,346 | €7,781 | +€3,435 | +79.0% |
| Other amounts receivable | 41 | €30 | €0 | -€30 | -100.0% |
| Cash at bank and in hand | 54/58 | €32,148 | €37,873 | +€5,724 | +17.8% |
| Deferred charges and accrued income | 490/1 | €690 | €929 | +€239 | +34.6% |
| Total equity and liabilities | 10/49 | €39,000 | €47,386 | +€8,386 | +21.5% |
| Equity | 10/15 | €26,812 | €35,439 | +€8,627 | +32.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,812 | €30,439 | +€8,627 | +39.5% |
| Distributable reserves | 133 | €21,812 | €30,439 | +€8,627 | +39.5% |
| Amounts payable | 17/49 | €12,188 | €11,947 | -€241 | -2.0% |
| Amounts payable within one year | 42/48 | €12,188 | €11,947 | -€241 | -2.0% |
| Trade debts | 44 | €407 | €164 | -€242 | -59.6% |
| Suppliers | 440/4 | €407 | €164 | -€242 | -59.6% |
| Taxes, remuneration and social security | 45 | €10,013 | €10,544 | +€531 | +5.3% |
| Taxes | 450/3 | €10,013 | €10,544 | +€531 | +5.3% |
| Other amounts payable | 47/48 | €1,768 | €1,239 | -€529 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €982 | -€1,061 | -51.9% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €30,891 | €13,400 | -€17,491 | -56.6% |
| Operating profit (loss) | 9901 | €28,798 | €12,418 | -€16,379 | -56.9% |
| Financial income | 75/76B | €2 | €166 | +€164 | +7123.5% |
| Recurring financial income | 75 | €2 | €166 | +€164 | +7123.5% |
| Financial charges | 65/66B | €1,069 | €1,167 | +€98 | +9.1% |
| Recurring financial charges | 65 | €1,069 | €1,167 | +€98 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €27,731 | €11,417 | -€16,313 | -58.8% |
| Income taxes | 67/77 | €5,918 | €2,791 | -€3,128 | -52.8% |
| Profit (loss) for the period | 9904 | €21,812 | €8,627 | -€13,186 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,812 | €8,627 | -€13,186 | -60.5% |
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 11 October 2026 via checked.be.