StructurAL: 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.
StructurAL
Largest movements
- Receivables within one year +€60,081
up €60,081 (+718%), from €8,367 to €68,448
of which Trade receivables: +€41,163
- Tangible fixed assets -€5,851
down €5,851 (-17.4%), from €33,637 to €27,786
of which Other tangible fixed assets: -€5,181
- Cash -€3,340
down €3,340 (-11.9%), from €28,012 to €24,672
mainly Contributions, distributions and other (-€86,555) and Receivables within one year (-€60,081)
- Other debts +€33,225
up €33,225 (+120%), from €27,597 to €60,822
- Contributions -€15,000
down €15,000 (-100%), from €15,000 to €0
- Debts after one year +€15,000
new in 2025: €15,000
- Tax, wage and social debts +€11,017
up €11,017 (+43.3%), from €25,447 to €36,464
- Trade debts +€7,333
up €7,333 (+261%), from €2,813 to €10,146
- Gross operating margin +€63,101
up €63,101 (+174%), from €36,318 to €99,419
- Taxes +€13,466
up €13,466 (+192%), from €6,997 to €20,463
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 | €70,857 | €122,432 | +€51,575 | +72.8% |
| Fixed assets | 21/28 | €33,637 | €27,786 | -€5,851 | -17.4% |
| Tangible fixed assets | 22/27 | €33,637 | €27,786 | -€5,851 | -17.4% |
| Furniture and vehicles | 24 | €1,565 | €896 | -€669 | -42.8% |
| Other tangible fixed assets | 26 | €32,072 | €26,891 | -€5,181 | -16.2% |
| Current assets | 29/58 | €37,220 | €94,646 | +€57,426 | +154% |
| Amounts receivable within one year | 40/41 | €8,367 | €68,448 | +€60,081 | +718% |
| Trade receivables | 40 | €8,367 | €49,530 | +€41,163 | +492% |
| Other amounts receivable | 41 | - | €18,918 | +€18,918 | |
| Cash at bank and in hand | 54/58 | €28,012 | €24,672 | -€3,340 | -11.9% |
| Deferred charges and accrued income | 490/1 | €841 | €1,526 | +€685 | +81.4% |
| Total equity and liabilities | 10/49 | €70,857 | €122,432 | +€51,575 | +72.8% |
| Equity | 10/15 | €15,000 | €0 | -€15,000 | -100% |
| Contributions | 10/11 | €15,000 | €0 | -€15,000 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €55,857 | €122,432 | +€66,575 | +119% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Financial debts | 170/4 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €55,857 | €107,432 | +€51,575 | +92.3% |
| Trade debts | 44 | €2,813 | €10,146 | +€7,333 | +261% |
| Suppliers | 440/4 | €2,813 | €10,146 | +€7,333 | +261% |
| Taxes, remuneration and social security | 45 | €25,447 | €36,464 | +€11,017 | +43.3% |
| Taxes | 450/3 | €25,447 | €36,464 | +€11,017 | +43.3% |
| Other amounts payable | 47/48 | €27,597 | €60,822 | +€33,225 | +120% |
| Remuneration, social security and pensions | 62 | - | €626 | +€626 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,468 | €5,851 | +€383 | +7.0% |
| Other operating charges | 640/8 | €1,323 | €838 | -€485 | -36.6% |
| Gross operating margin | 9900 | €36,318 | €99,419 | +€63,101 | +174% |
| Operating profit (loss) | 9901 | €29,527 | €92,104 | +€62,577 | +212% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €753 | €86 | -€667 | -88.5% |
| Recurring financial charges | 65 | €753 | €86 | -€667 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €28,774 | €92,018 | +€63,244 | +220% |
| Income taxes | 67/77 | €6,997 | €20,463 | +€13,466 | +192% |
| Profit (loss) for the period | 9904 | €21,777 | €71,555 | +€49,778 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €21,777 | €71,555 | +€49,778 | +229% |
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 29 October 2026 via checked.be.