Zichtpunten: what changed
Zichtpunten
Largest movements
- Cash +€74,650
up €74,650 (+49.0%), from €152,376 to €227,026
mainly Other debts (+€201,987) and Net result for the year (+€45,565)
- Receivables within one year -€9,559
down €9,559 (-32.9%), from €29,056 to €19,496
- Tangible fixed assets -€4,533
down €4,533 (-32.9%), from €13,793 to €9,260
- Deferred charges and accrued income -€2,655
down €2,655 (-73.5%), from €3,612 to €957
- Other debts +€201,987
up €201,987 (+3,462%), from €5,835 to €207,822
- Reserves -€164,435
down €164,435 (-96.1%), from €171,054 to €6,618
- Tax, wage and social debts +€20,664
up €20,664 (+122%), from €16,904 to €37,568
- Gross operating margin +€24,174
up €24,174 (+54.6%), from €44,311 to €68,485
- Taxes +€8,375
up €8,375 (+105%), from €7,993 to €16,368
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,837 | €256,739 | +€57,903 | +29.1% |
| Fixed assets | 21/28 | €13,793 | €9,260 | -€4,533 | -32.9% |
| Tangible fixed assets | 22/27 | €13,793 | €9,260 | -€4,533 | -32.9% |
| Furniture and vehicles | 24 | €13,793 | €9,260 | -€4,533 | -32.9% |
| Current assets | 29/58 | €185,044 | €247,479 | +€62,436 | +33.7% |
| Amounts receivable within one year | 40/41 | €29,056 | €19,496 | -€9,559 | -32.9% |
| Trade receivables | 40 | €29,056 | €19,496 | -€9,559 | -32.9% |
| Cash at bank and in hand | 54/58 | €152,376 | €227,026 | +€74,650 | +49.0% |
| Deferred charges and accrued income | 490/1 | €3,612 | €957 | -€2,655 | -73.5% |
| Total equity and liabilities | 10/49 | €198,837 | €256,739 | +€57,903 | +29.1% |
| Equity | 10/15 | €174,054 | €9,618 | -€164,435 | -94.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €171,054 | €6,618 | -€164,435 | -96.1% |
| Distributable reserves | 133 | €171,054 | €6,618 | -€164,435 | -96.1% |
| Amounts payable | 17/49 | €24,783 | €247,121 | +€222,338 | +897% |
| Amounts payable within one year | 42/48 | €23,146 | €245,921 | +€222,775 | +962% |
| Trade debts | 44 | €407 | €531 | +€124 | +30.5% |
| Suppliers | 440/4 | €407 | €531 | +€124 | +30.5% |
| Taxes, remuneration and social security | 45 | €16,904 | €37,568 | +€20,664 | +122% |
| Taxes | 450/3 | €16,904 | €37,568 | +€20,664 | +122% |
| Other amounts payable | 47/48 | €5,835 | €207,822 | +€201,987 | +3,462% |
| Accrued charges and deferred income | 492/3 | €1,637 | €1,200 | -€437 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,885 | €5,755 | -€130 | -2.2% |
| Other operating charges | 640/8 | €706 | €754 | +€48 | +6.9% |
| Gross operating margin | 9900 | €44,311 | €68,485 | +€24,174 | +54.6% |
| Operating profit (loss) | 9901 | €37,720 | €61,976 | +€24,256 | +64.3% |
| Financial charges | 65/66B | €484 | €42 | -€441 | -91.2% |
| Recurring financial charges | 65 | €484 | €42 | -€441 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €37,236 | €61,933 | +€24,697 | +66.3% |
| Income taxes | 67/77 | €7,993 | €16,368 | +€8,375 | +105% |
| Profit (loss) for the period | 9904 | €29,243 | €45,565 | +€16,322 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,243 | €45,565 | +€16,322 | +55.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.