NEW LEVEL: what changed
NEW LEVEL
Largest movements
- Receivables within one year -€14,686
down €14,686 (-28.3%), from €51,853 to €37,167
of which Other amounts receivable: -€38,277
- Cash +€5,337
up €5,337 (+37.6%), from €14,176 to €19,513
mainly Tax, wage and social debts (+€29,071) and Net result for the year (+€28,908)
- Profit (loss) carried forward -€46,092
down €46,092 (-83.6%), from €55,141 to €9,049
- Tax, wage and social debts +€29,071
up €29,071 (+248%), from €11,730 to €40,801
of which Taxes: +€26,648
- Other debts +€12,359
new in 2025: €12,359
- Debts after one year -€9,175
down €9,175 (-35.0%), from €26,180 to €17,006
- Accrued charges and deferred income +€6,298
up €6,298, from €0 to €6,298
- Gross operating margin +€26,442
up €26,442 (+97.7%), from €27,071 to €53,512
- Taxes +€6,991
up €6,991 (+145%), from €4,829 to €11,820
- Depreciation +€1,327
up €1,327 (+13.2%), from €10,050 to €11,377
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 | €105,923 | €96,687 | -€9,237 | -8.7% |
| Fixed assets | 21/28 | €37,743 | €37,737 | -€7 | 0.0% |
| Tangible fixed assets | 22/27 | €37,743 | €37,737 | -€7 | 0.0% |
| Furniture and vehicles | 24 | €37,743 | €33,282 | -€4,462 | -11.8% |
| Other tangible fixed assets | 26 | - | €4,455 | +€4,455 | |
| Current assets | 29/58 | €68,180 | €58,950 | -€9,230 | -13.5% |
| Amounts receivable within one year | 40/41 | €51,853 | €37,167 | -€14,686 | -28.3% |
| Trade receivables | 40 | €13,570 | €37,160 | +€23,590 | +174% |
| Other amounts receivable | 41 | €38,283 | €6 | -€38,277 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,176 | €19,513 | +€5,337 | +37.6% |
| Deferred charges and accrued income | 490/1 | €2,151 | €2,270 | +€119 | +5.6% |
| Total equity and liabilities | 10/49 | €105,923 | €96,687 | -€9,237 | -8.7% |
| Equity | 10/15 | €57,141 | €11,049 | -€46,092 | -80.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,141 | €9,049 | -€46,092 | -83.6% |
| Amounts payable | 17/49 | €48,783 | €85,638 | +€36,855 | +75.6% |
| Amounts payable after more than one year | 17 | €26,180 | €17,006 | -€9,175 | -35.0% |
| Financial debts | 170/4 | €26,180 | €17,006 | -€9,175 | -35.0% |
| Amounts payable within one year | 42/48 | €22,602 | €62,335 | +€39,732 | +176% |
| Current portion of amounts payable after more than one year | 42 | €8,800 | €9,175 | +€375 | +4.3% |
| Trade debts | 44 | €2,073 | €0 | -€2,073 | -100% |
| Suppliers | 440/4 | €2,073 | €0 | -€2,073 | -100% |
| Taxes, remuneration and social security | 45 | €11,730 | €40,801 | +€29,071 | +248% |
| Taxes | 450/3 | €11,730 | €38,378 | +€26,648 | +227% |
| Remuneration and social security | 454/9 | €0 | €2,423 | +€2,423 | |
| Other amounts payable | 47/48 | - | €12,359 | +€12,359 | |
| Accrued charges and deferred income | 492/3 | €0 | €6,298 | +€6,298 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,050 | €11,377 | +€1,327 | +13.2% |
| Other operating charges | 640/8 | €1,041 | €957 | -€84 | -8.0% |
| Gross operating margin | 9900 | €27,071 | €53,512 | +€26,442 | +97.7% |
| Operating profit (loss) | 9901 | €15,980 | €41,178 | +€25,198 | +158% |
| Financial income | 75/76B | €2,184 | €2,172 | -€12 | -0.6% |
| Recurring financial income | 75 | €2,184 | €2,172 | -€12 | -0.6% |
| Financial charges | 65/66B | €2,947 | €2,623 | -€324 | -11.0% |
| Recurring financial charges | 65 | €2,947 | €2,623 | -€324 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €15,217 | €40,727 | +€25,510 | +168% |
| Income taxes | 67/77 | €4,829 | €11,820 | +€6,991 | +145% |
| Profit (loss) for the period | 9904 | €10,389 | €28,908 | +€18,519 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €10,389 | €28,908 | +€18,519 | +178% |
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 4 November 2026 via checked.be.