Zero to One: 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.
Zero to One
Largest movements
- Receivables after one year +€9,000
up €9,000 (+42.9%), from €21,000 to €30,000
- Cash +€8,992
up €8,992 (+425.2%), from €2,115 to €11,107
mainly Net result for the year (+€19,280) and Tax, wage and social debts (+€3,451)
- Receivables within one year +€3,649
up €3,649 (+13.2%), from €27,738 to €31,387
of which Trade receivables: +€5,487
- Tangible fixed assets +€2,489
up €2,489 (+533.7%), from €466 to €2,956
- Reserves +€19,280
up €19,280 (+63.4%), from €30,405 to €49,685
- Tax, wage and social debts +€3,451
up €3,451 (+22.5%), from €15,318 to €18,769
- Other debts +€1,750
up €1,750, from €0 to €1,750
- Gross operating margin +€15,265
up €15,265 (+103.2%), from €14,794 to €30,059
- Taxes +€3,728
up €3,728 (+103.5%), from €3,604 to €7,332
- Other operating charges +€891
up €891 (+132.3%), from €674 to €1,565
- Financial charges -€523
down €523 (-24.1%), from €2,170 to €1,648
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 | €52,313 | €76,517 | +€24,204 | +46.3% |
| Fixed assets | 21/28 | €716 | €3,206 | +€2,489 | +347.5% |
| Tangible fixed assets | 22/27 | €466 | €2,956 | +€2,489 | +533.7% |
| Furniture and vehicles | 24 | €466 | €2,956 | +€2,489 | +533.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €51,596 | €73,312 | +€21,715 | +42.1% |
| Amounts receivable after more than one year | 29 | €21,000 | €30,000 | +€9,000 | +42.9% |
| Other amounts receivable | 291 | €21,000 | €30,000 | +€9,000 | +42.9% |
| Amounts receivable within one year | 40/41 | €27,738 | €31,387 | +€3,649 | +13.2% |
| Trade receivables | 40 | €25,899 | €31,387 | +€5,487 | +21.2% |
| Other amounts receivable | 41 | €1,839 | €0 | -€1,839 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,115 | €11,107 | +€8,992 | +425.2% |
| Deferred charges and accrued income | 490/1 | €743 | €817 | +€74 | +10.0% |
| Total equity and liabilities | 10/49 | €52,313 | €76,517 | +€24,204 | +46.3% |
| Equity | 10/15 | €36,405 | €55,685 | +€19,280 | +53.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €30,405 | €49,685 | +€19,280 | +63.4% |
| Distributable reserves | 133 | €30,405 | €49,685 | +€19,280 | +63.4% |
| Amounts payable | 17/49 | €15,908 | €20,832 | +€4,924 | +31.0% |
| Amounts payable within one year | 42/48 | €15,908 | €20,832 | +€4,924 | +31.0% |
| Trade debts | 44 | €590 | €313 | -€277 | -46.9% |
| Suppliers | 440/4 | €590 | €313 | -€277 | -46.9% |
| Taxes, remuneration and social security | 45 | €15,318 | €18,769 | +€3,451 | +22.5% |
| Taxes | 450/3 | €15,318 | €18,769 | +€3,451 | +22.5% |
| Other amounts payable | 47/48 | €0 | €1,750 | +€1,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €647 | €818 | +€171 | +26.4% |
| Other operating charges | 640/8 | €674 | €1,565 | +€891 | +132.3% |
| Gross operating margin | 9900 | €14,794 | €30,059 | +€15,265 | +103.2% |
| Operating profit (loss) | 9901 | €13,473 | €27,676 | +€14,203 | +105.4% |
| Financial income | 75/76B | €516 | €584 | +€68 | +13.1% |
| Recurring financial income | 75 | €516 | €584 | +€68 | +13.1% |
| Financial charges | 65/66B | €2,170 | €1,648 | -€523 | -24.1% |
| Recurring financial charges | 65 | €2,170 | €1,648 | -€523 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €11,819 | €26,612 | +€14,793 | +125.2% |
| Income taxes | 67/77 | €3,604 | €7,332 | +€3,728 | +103.5% |
| Profit (loss) for the period | 9904 | €8,215 | €19,280 | +€11,065 | +134.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,215 | €19,280 | +€11,065 | +134.7% |
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.