YOUR TRAIL: 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.
YOUR TRAIL
Largest movements
- Cash +€24,371
up €24,371 (+190.4%), from €12,799 to €37,170
mainly Net result for the year (+€28,236) and Tax, wage and social debts (+€7,612)
- Receivables within one year +€9,780
up €9,780 (+203.6%), from €4,804 to €14,584
of which Trade receivables: +€9,551
- Deferred charges and accrued income +€1,429
up €1,429 (+274.6%), from €521 to €1,950
- Financial fixed assets -€1,224
down €1,224 (-97.2%), from €1,259 to €35
- Reserves +€28,236
up €28,236 (+188.4%), from €14,988 to €43,224
- Tax, wage and social debts +€7,612
up €7,612 (+205.9%), from €3,696 to €11,308
- Other debts -€1,335
no longer reported in 2025 (was €1,335)
- Gross operating margin +€13,279
up €13,279 (+42.3%), from €31,425 to €44,703
- Taxes +€6,351
up €6,351 (+84.6%), from €7,509 to €13,860
- Depreciation +€1,687
up €1,687 (+284.0%), from €594 to €2,281
- Other operating charges -€512
down €512 (-65.5%), from €782 to €270
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 | €26,344 | €61,252 | +€34,908 | +132.5% |
| Fixed assets | 21/28 | €8,221 | €7,548 | -€673 | -8.2% |
| Tangible fixed assets | 22/27 | €6,962 | €7,513 | +€551 | +7.9% |
| Furniture and vehicles | 24 | €6,962 | €7,513 | +€551 | +7.9% |
| Financial fixed assets | 28 | €1,259 | €35 | -€1,224 | -97.2% |
| Current assets | 29/58 | €18,124 | €53,704 | +€35,581 | +196.3% |
| Amounts receivable within one year | 40/41 | €4,804 | €14,584 | +€9,780 | +203.6% |
| Trade receivables | 40 | €4,804 | €14,355 | +€9,551 | +198.8% |
| Other amounts receivable | 41 | - | €229 | +€229 | |
| Cash at bank and in hand | 54/58 | €12,799 | €37,170 | +€24,371 | +190.4% |
| Deferred charges and accrued income | 490/1 | €521 | €1,950 | +€1,429 | +274.6% |
| Total equity and liabilities | 10/49 | €26,344 | €61,252 | +€34,908 | +132.5% |
| Equity | 10/15 | €21,188 | €49,424 | +€28,236 | +133.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €14,988 | €43,224 | +€28,236 | +188.4% |
| Distributable reserves | 133 | €14,988 | €43,224 | +€28,236 | +188.4% |
| Amounts payable | 17/49 | €5,156 | €11,827 | +€6,672 | +129.4% |
| Amounts payable within one year | 42/48 | €5,156 | €11,827 | +€6,672 | +129.4% |
| Trade debts | 44 | €124 | €519 | +€395 | +317.0% |
| Suppliers | 440/4 | €124 | €519 | +€395 | +317.0% |
| Taxes, remuneration and social security | 45 | €3,696 | €11,308 | +€7,612 | +205.9% |
| Taxes | 450/3 | €3,696 | €11,308 | +€7,612 | +205.9% |
| Other amounts payable | 47/48 | €1,335 | - | -€1,335 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €2,281 | +€1,687 | +284.0% |
| Other operating charges | 640/8 | €782 | €270 | -€512 | -65.5% |
| Gross operating margin | 9900 | €31,425 | €44,703 | +€13,279 | +42.3% |
| Operating profit (loss) | 9901 | €30,049 | €42,152 | +€12,103 | +40.3% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €54 | €56 | +€2 | +3.8% |
| Recurring financial charges | 65 | €54 | €56 | +€2 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €29,998 | €42,096 | +€12,098 | +40.3% |
| Income taxes | 67/77 | €7,509 | €13,860 | +€6,351 | +84.6% |
| Profit (loss) for the period | 9904 | €22,489 | €28,236 | +€5,747 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,489 | €28,236 | +€5,747 | +25.6% |
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 4 October 2026 via checked.be.