Y-M: 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.
Y-M
Largest movements
- Tangible fixed assets +€13,743
new in 2025: €13,743
- Receivables within one year +€2,132
up €2,132 (+15.8%), from €13,463 to €15,595
of which Trade receivables: +€3,019
- Cash -€1,517
down €1,517 (-6.1%), from €24,711 to €23,195
mainly Investment in fixed assets (net) (-€19,000) and Trade debts (-€7,406)
- Profit (loss) carried forward +€11,840
up €11,840 (+98.9%), from €11,974 to €23,813
- Trade debts -€7,406
down €7,406 (-69.5%), from €10,661 to €3,255
- Tax, wage and social debts +€5,224
new in 2025: €5,224
of which Taxes: +€3,374
- Other debts +€4,700
up €4,700 (+2616.2%), from €180 to €4,880
- Purchases and services +€28,951
up €28,951 (+78.5%), from €36,896 to €65,847
- Turnover +€27,260
up €27,260 (+56.2%), from €48,494 to €75,754
- Gross operating margin +€6,718
up €6,718 (+57.9%), from €11,599 to €18,317
- Depreciation +€5,257
new in 2025: €5,257
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 | €38,354 | €52,712 | +€14,358 | +37.4% |
| Fixed assets | 21/28 | - | €13,743 | +€13,743 | |
| Tangible fixed assets | 22/27 | - | €13,743 | +€13,743 | |
| Furniture and vehicles | 24 | - | €13,743 | +€13,743 | |
| Current assets | 29/58 | €38,354 | €38,969 | +€615 | +1.6% |
| Amounts receivable within one year | 40/41 | €13,463 | €15,595 | +€2,132 | +15.8% |
| Trade receivables | 40 | €5,154 | €8,174 | +€3,019 | +58.6% |
| Other amounts receivable | 41 | €8,309 | €7,421 | -€888 | -10.7% |
| Cash at bank and in hand | 54/58 | €24,711 | €23,195 | -€1,517 | -6.1% |
| Deferred charges and accrued income | 490/1 | €180 | €180 | = | 0.0% |
| Total equity and liabilities | 10/49 | €38,354 | €52,712 | +€14,358 | +37.4% |
| Equity | 10/15 | €27,514 | €39,353 | +€11,840 | +43.0% |
| Contributions | 10/11 | €15,540 | €15,540 | = | 0.0% |
| Contributions outside capital | 11 | €15,540 | €15,540 | = | 0.0% |
| Other | 1109/19 | €15,540 | €15,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,974 | €23,813 | +€11,840 | +98.9% |
| Amounts payable | 17/49 | €10,841 | €13,359 | +€2,518 | +23.2% |
| Amounts payable within one year | 42/48 | €10,841 | €13,359 | +€2,518 | +23.2% |
| Trade debts | 44 | €10,661 | €3,255 | -€7,406 | -69.5% |
| Suppliers | 440/4 | €10,661 | €3,255 | -€7,406 | -69.5% |
| Taxes, remuneration and social security | 45 | - | €5,224 | +€5,224 | |
| Taxes | 450/3 | - | €3,374 | +€3,374 | |
| Remuneration and social security | 454/9 | - | €1,850 | +€1,850 | |
| Other amounts payable | 47/48 | €180 | €4,880 | +€4,700 | +2616.2% |
| Turnover | 70 | €48,494 | €75,754 | +€27,260 | +56.2% |
| Non-recurring operating income | 76A | - | €8,409 | +€8,409 | |
| Goods, raw materials, services and sundry goods | 60/61 | €36,896 | €65,847 | +€28,951 | +78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,257 | +€5,257 | |
| Other operating charges | 640/8 | €308 | €1,040 | +€732 | +238.1% |
| Gross operating margin | 9900 | €11,599 | €18,317 | +€6,718 | +57.9% |
| Operating profit (loss) | 9901 | €11,291 | €12,020 | +€729 | +6.5% |
| Financial charges | 65/66B | €188 | €180 | -€8 | -4.1% |
| Recurring financial charges | 65 | €188 | €180 | -€8 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €11,103 | €11,840 | +€737 | +6.6% |
| Profit (loss) for the period | 9904 | €11,103 | €11,840 | +€737 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,103 | €11,840 | +€737 | +6.6% |
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 10 October 2026 via checked.be.