XRAY IMAGE: 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.
XRAY IMAGE
Largest movements
- Receivables within one year +€57,180
up €57,180 (+338.6%), from €16,890 to €74,070
of which Other amounts receivable: +€60,311
- Tangible fixed assets +€35,411
new in 2025: €35,411
- Cash -€17,863
down €17,863 (-59.9%), from €29,808 to €11,945
mainly Receivables within one year (-€57,180) and Investment in fixed assets (net) (-€40,240)
- Profit (loss) carried forward +€37,497
up €37,497 (+107.9%), from €34,766 to €72,262
- Debts after one year +€26,509
new in 2025: €26,509
- Current portion of long-term debt +€7,024
new in 2025: €7,024
- Tax, wage and social debts +€3,349
up €3,349 (+37.5%), from €8,932 to €12,282
- Gross operating margin +€10,652
up €10,652 (+24.5%), from €43,495 to €54,147
- Depreciation +€4,829
new in 2025: €4,829
- Taxes +€2,149
up €2,149 (+24.1%), from €8,932 to €11,082
- Financial income +€1,716
up €1,716 (+846.9%), from €203 to €1,919
- Financial charges +€1,397
new in 2025: €1,397
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 | €46,698 | €121,590 | +€74,892 | +160.4% |
| Fixed assets | 21/28 | - | €35,411 | +€35,411 | |
| Tangible fixed assets | 22/27 | - | €35,411 | +€35,411 | |
| Furniture and vehicles | 24 | - | €35,411 | +€35,411 | |
| Current assets | 29/58 | €46,698 | €86,179 | +€39,481 | +84.5% |
| Amounts receivable within one year | 40/41 | €16,890 | €74,070 | +€57,180 | +338.6% |
| Trade receivables | 40 | €11,633 | €8,503 | -€3,131 | -26.9% |
| Other amounts receivable | 41 | €5,257 | €65,567 | +€60,311 | +1147.3% |
| Cash at bank and in hand | 54/58 | €29,808 | €11,945 | -€17,863 | -59.9% |
| Deferred charges and accrued income | 490/1 | - | €163 | +€163 | |
| Total equity and liabilities | 10/49 | €46,698 | €121,590 | +€74,892 | +160.4% |
| Equity | 10/15 | €37,766 | €75,262 | +€37,497 | +99.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,766 | €72,262 | +€37,497 | +107.9% |
| Amounts payable | 17/49 | €8,932 | €46,327 | +€37,395 | +418.7% |
| Amounts payable after more than one year | 17 | - | €26,509 | +€26,509 | |
| Financial debts | 170/4 | - | €26,509 | +€26,509 | |
| Amounts payable within one year | 42/48 | €8,932 | €19,818 | +€10,886 | +121.9% |
| Current portion of amounts payable after more than one year | 42 | - | €7,024 | +€7,024 | |
| Trade debts | 44 | - | €512 | +€512 | |
| Suppliers | 440/4 | - | €512 | +€512 | |
| Taxes, remuneration and social security | 45 | €8,932 | €12,282 | +€3,349 | +37.5% |
| Taxes | 450/3 | €8,932 | €12,282 | +€3,349 | +37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,829 | +€4,829 | |
| Other operating charges | 640/8 | - | €1,262 | +€1,262 | |
| Gross operating margin | 9900 | €43,495 | €54,147 | +€10,652 | +24.5% |
| Operating profit (loss) | 9901 | €43,495 | €48,056 | +€4,561 | +10.5% |
| Financial income | 75/76B | €203 | €1,919 | +€1,716 | +846.9% |
| Recurring financial income | 75 | €203 | €1,919 | +€1,716 | +846.9% |
| Financial charges | 65/66B | - | €1,397 | +€1,397 | |
| Recurring financial charges | 65 | - | €1,397 | +€1,397 | |
| Profit (loss) for the period before taxes | 9903 | €43,698 | €48,578 | +€4,880 | +11.2% |
| Income taxes | 67/77 | €8,932 | €11,082 | +€2,149 | +24.1% |
| Profit (loss) for the period | 9904 | €34,766 | €37,497 | +€2,731 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,766 | €37,497 | +€2,731 | +7.9% |
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.