ZOOM EXPERT: 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 EXPERT
Largest movements
- Cash +€20,368
up €20,368 (+20.8%), from €98,072 to €118,440
mainly Other debts (+€72,951) and Tax, wage and social debts (+€27,220)
- Receivables within one year +€4,142
up €4,142 (+37.0%), from €11,186 to €15,328
of which Trade receivables: +€3,138
- Tangible fixed assets -€1,782
down €1,782 (-63.5%), from €2,805 to €1,023
- Other debts +€72,951
up €72,951 (+8,593%), from €849 to €73,800
- Profit (loss) carried forward -€65,623
down €65,623 (-75.2%), from €87,294 to €21,671
- Tax, wage and social debts +€27,220
up €27,220 (+846%), from €3,219 to €30,439
- Advances received -€12,712
no longer reported in 2025 (was €12,712)
- Taxes +€5,178
up €5,178 (+36.8%), from €14,065 to €19,243
- Gross operating margin -€3,105
down €3,105 (-6.4%), from €48,606 to €45,501
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 | €112,171 | €134,882 | +€22,711 | +20.2% |
| Fixed assets | 21/28 | €2,896 | €1,114 | -€1,782 | -61.5% |
| Tangible fixed assets | 22/27 | €2,805 | €1,023 | -€1,782 | -63.5% |
| Plant, machinery and equipment | 23 | €2,805 | €1,023 | -€1,782 | -63.5% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €109,275 | €133,768 | +€24,493 | +22.4% |
| Amounts receivable within one year | 40/41 | €11,186 | €15,328 | +€4,142 | +37.0% |
| Trade receivables | 40 | €10,987 | €14,125 | +€3,138 | +28.6% |
| Other amounts receivable | 41 | €199 | €1,203 | +€1,004 | +505% |
| Cash at bank and in hand | 54/58 | €98,072 | €118,440 | +€20,368 | +20.8% |
| Deferred charges and accrued income | 490/1 | €17 | - | -€17 | |
| Total equity and liabilities | 10/49 | €112,171 | €134,882 | +€22,711 | +20.2% |
| Equity | 10/15 | €92,294 | €26,671 | -€65,623 | -71.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,294 | €21,671 | -€65,623 | -75.2% |
| Amounts payable | 17/49 | €19,877 | €108,211 | +€88,334 | +444% |
| Amounts payable within one year | 42/48 | €19,169 | €107,032 | +€87,863 | +458% |
| Trade debts | 44 | €2,389 | €2,793 | +€404 | +16.9% |
| Suppliers | 440/4 | €2,389 | €2,793 | +€404 | +16.9% |
| Advances received on contracts in progress | 46 | €12,712 | - | -€12,712 | |
| Taxes, remuneration and social security | 45 | €3,219 | €30,439 | +€27,220 | +846% |
| Taxes | 450/3 | €3,219 | €30,439 | +€27,220 | +846% |
| Other amounts payable | 47/48 | €849 | €73,800 | +€72,951 | +8,593% |
| Accrued charges and deferred income | 492/3 | €708 | €1,179 | +€471 | +66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,457 | €1,782 | +€325 | +22.3% |
| Gross operating margin | 9900 | €48,606 | €45,501 | -€3,105 | -6.4% |
| Operating profit (loss) | 9901 | €47,149 | €43,719 | -€3,430 | -7.3% |
| Financial charges | 65/66B | €43 | €99 | +€56 | +130% |
| Recurring financial charges | 65 | €43 | €99 | +€56 | +130% |
| Profit (loss) for the period before taxes | 9903 | €47,106 | €43,620 | -€3,486 | -7.4% |
| Income taxes | 67/77 | €14,065 | €19,243 | +€5,178 | +36.8% |
| Profit (loss) for the period | 9904 | €33,041 | €24,377 | -€8,664 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €33,041 | €24,377 | -€8,664 | -26.2% |
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 15 October 2026 via checked.be.