Zoom: 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.
Zoom
Largest movements
- Cash -€25,832
down €25,832 (-50.5%), from €51,202 to €25,371
mainly Other debts (-€27,546) and Receivables within one year (-€20,879)
- Receivables within one year +€20,879
up €20,879 (+638%), from €3,275 to €24,153
of which Other amounts receivable: +€21,952
- Other debts -€27,546
no longer reported in 2025 (was €27,546)
- Reserves +€17,347
new in 2025: €17,347
- Tax, wage and social debts +€8,838
up €8,838 (+193%), from €4,570 to €13,408
- Debts after one year -€4,682
down €4,682 (-42.3%), from €11,079 to €6,398
- Trade debts +€1,176
up €1,176 (+492%), from €239 to €1,415
- Gross operating margin +€8,362
up €8,362 (+21.4%), from €39,023 to €47,385
- Taxes +€4,769
up €4,769 (+104%), from €4,570 to €9,338
- Staff costs -€1,110
no longer reported in 2025 (was €1,110)
- Financial charges +€1,099
up €1,099 (+27.1%), from €4,052 to €5,151
- Depreciation +€1,091
up €1,091 (+10.1%), from €10,804 to €11,895
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.
Derived cash bridge
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 | €83,784 | €79,274 | -€4,510 | -5.4% |
| Fixed assets | 21/28 | €27,934 | €28,090 | +€157 | +0.6% |
| Tangible fixed assets | 22/27 | €27,934 | €28,090 | +€157 | +0.6% |
| Plant, machinery and equipment | 23 | €10,670 | €18,330 | +€7,660 | +71.8% |
| Furniture and vehicles | 24 | €3,574 | €511 | -€3,063 | -85.7% |
| Leasing and similar rights | 25 | €13,690 | €9,250 | -€4,440 | -32.4% |
| Current assets | 29/58 | €55,850 | €51,184 | -€4,667 | -8.4% |
| Amounts receivable within one year | 40/41 | €3,275 | €24,153 | +€20,879 | +638% |
| Trade receivables | 40 | €1,073 | - | -€1,073 | |
| Other amounts receivable | 41 | €2,202 | €24,153 | +€21,952 | +997% |
| Cash at bank and in hand | 54/58 | €51,202 | €25,371 | -€25,832 | -50.5% |
| Deferred charges and accrued income | 490/1 | €1,374 | €1,660 | +€286 | +20.8% |
| Total equity and liabilities | 10/49 | €83,784 | €79,274 | -€4,510 | -5.4% |
| Equity | 10/15 | €36,025 | €53,372 | +€17,347 | +48.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €17,347 | +€17,347 | |
| Distributable reserves | 133 | - | €17,347 | +€17,347 | |
| Profit (loss) carried forward | 14 | €21,025 | €21,025 | = | 0.0% |
| Amounts payable | 17/49 | €47,759 | €25,902 | -€21,857 | -45.8% |
| Amounts payable after more than one year | 17 | €11,079 | €6,398 | -€4,682 | -42.3% |
| Financial debts | 170/4 | €11,079 | €6,398 | -€4,682 | -42.3% |
| Amounts payable within one year | 42/48 | €36,680 | €19,504 | -€17,175 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €4,325 | €4,682 | +€356 | +8.2% |
| Trade debts | 44 | €239 | €1,415 | +€1,176 | +492% |
| Suppliers | 440/4 | €239 | €1,415 | +€1,176 | +492% |
| Taxes, remuneration and social security | 45 | €4,570 | €13,408 | +€8,838 | +193% |
| Taxes | 450/3 | €4,570 | €13,408 | +€8,838 | +193% |
| Other amounts payable | 47/48 | €27,546 | - | -€27,546 | |
| Remuneration, social security and pensions | 62 | €1,110 | - | -€1,110 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,804 | €11,895 | +€1,091 | +10.1% |
| Other operating charges | 640/8 | €3,100 | €3,663 | +€563 | +18.2% |
| Gross operating margin | 9900 | €39,023 | €47,385 | +€8,362 | +21.4% |
| Operating profit (loss) | 9901 | €24,009 | €31,826 | +€7,817 | +32.6% |
| Financial income | 75/76B | €2 | €10 | +€8 | +463% |
| Recurring financial income | 75 | €2 | €10 | +€8 | +463% |
| Financial charges | 65/66B | €4,052 | €5,151 | +€1,099 | +27.1% |
| Recurring financial charges | 65 | €4,052 | €5,151 | +€1,099 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €19,958 | €26,685 | +€6,727 | +33.7% |
| Income taxes | 67/77 | €4,570 | €9,338 | +€4,769 | +104% |
| Profit (loss) for the period | 9904 | €15,389 | €17,347 | +€1,958 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,389 | €17,347 | +€1,958 | +12.7% |
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 20 October 2026 via checked.be.