7F: 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.
7F
Largest movements
- Cash +€121,865
up €121,865 (+545%), from €22,368 to €144,233
mainly Net result for the year (+€286,366) and Current investments (+€39,514)
- Current investments -€39,514
down €39,514 (-39.5%), from €100,073 to €60,558
- Tangible fixed assets -€6,628
down €6,628 (-6.4%), from €103,355 to €96,726
of which Land and buildings: -€5,374
- Receivables within one year -€3,630
down €3,630 (-12.1%), from €29,908 to €26,277
of which Other amounts receivable: -€4,013
- Profit (loss) carried forward +€141,366
up €141,366 (+44,311%), from €319 to €141,685
- Other debts -€109,810
down €109,810 (-46.9%), from €233,992 to €124,182
- Tax, wage and social debts +€27,242
up €27,242 (+951%), from €2,865 to €30,107
- Current portion of long-term debt +€15,183
new in 2025: €15,183
- Gross operating margin +€75,917
up €75,917 (+24.4%), from €310,529 to €386,446
- Taxes +€20,123
up €20,123 (+28.3%), from €71,113 to €91,235
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 | €258,157 | €330,020 | +€71,864 | +27.8% |
| Fixed assets | 21/28 | €103,355 | €96,726 | -€6,628 | -6.4% |
| Tangible fixed assets | 22/27 | €103,355 | €96,726 | -€6,628 | -6.4% |
| Land and buildings | 22 | €98,338 | €92,964 | -€5,374 | -5.5% |
| Furniture and vehicles | 24 | €5,017 | €3,763 | -€1,254 | -25.0% |
| Current assets | 29/58 | €154,802 | €233,294 | +€78,492 | +50.7% |
| Amounts receivable within one year | 40/41 | €29,908 | €26,277 | -€3,630 | -12.1% |
| Trade receivables | 40 | €25,182 | €25,564 | +€382 | +1.5% |
| Other amounts receivable | 41 | €4,726 | €713 | -€4,013 | -84.9% |
| Current investments | 50/53 | €100,073 | €60,558 | -€39,514 | -39.5% |
| Cash at bank and in hand | 54/58 | €22,368 | €144,233 | +€121,865 | +545% |
| Deferred charges and accrued income | 490/1 | €2,454 | €2,225 | -€228 | -9.3% |
| Total equity and liabilities | 10/49 | €258,157 | €330,020 | +€71,864 | +27.8% |
| Equity | 10/15 | €15,319 | €156,685 | +€141,366 | +923% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319 | €141,685 | +€141,366 | +44,311% |
| Amounts payable | 17/49 | €242,838 | €173,335 | -€69,502 | -28.6% |
| Amounts payable within one year | 42/48 | €241,779 | €173,335 | -€68,443 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | - | €15,183 | +€15,183 | |
| Trade debts | 44 | €4,921 | €3,864 | -€1,058 | -21.5% |
| Suppliers | 440/4 | €4,921 | €3,864 | -€1,058 | -21.5% |
| Taxes, remuneration and social security | 45 | €2,865 | €30,107 | +€27,242 | +951% |
| Taxes | 450/3 | €2,865 | €30,107 | +€27,242 | +951% |
| Other amounts payable | 47/48 | €233,992 | €124,182 | -€109,810 | -46.9% |
| Accrued charges and deferred income | 492/3 | €1,059 | - | -€1,059 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,998 | €7,797 | -€201 | -2.5% |
| Other operating charges | 640/8 | €918 | €947 | +€29 | +3.2% |
| Non-recurring operating charges | 66A | - | €169 | +€169 | |
| Gross operating margin | 9900 | €310,529 | €386,446 | +€75,917 | +24.4% |
| Operating profit (loss) | 9901 | €301,613 | €377,533 | +€75,920 | +25.2% |
| Financial income | 75/76B | €104 | €2,452 | +€2,348 | +2,254% |
| Recurring financial income | 75 | €104 | €2,452 | +€2,348 | +2,254% |
| Financial charges | 65/66B | €601 | €2,383 | +€1,783 | +297% |
| Recurring financial charges | 65 | €601 | €2,383 | +€1,783 | +297% |
| Profit (loss) for the period before taxes | 9903 | €301,117 | €377,602 | +€76,485 | +25.4% |
| Income taxes | 67/77 | €71,113 | €91,235 | +€20,123 | +28.3% |
| Profit (loss) for the period | 9904 | €230,004 | €286,366 | +€56,362 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €230,004 | €286,366 | +€56,362 | +24.5% |
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 26 October 2026 via checked.be.