M-Advice: 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.
M-Advice
Largest movements
- Cash +€123,097
up €123,097 (+1,496%), from €8,227 to €131,324
mainly Net result for the year (+€94,500) and Tax, wage and social debts (+€26,094)
- Receivables within one year -€2,072
down €2,072 (-100%), from €2,072 to €0
- Reserves +€94,500
up €94,500 (+1,418%), from €6,666 to €101,166
- Tax, wage and social debts +€26,094
up €26,094 (+1,083%), from €2,410 to €28,504
- Gross operating margin +€109,344
up €109,344 (+663%), from €16,488 to €125,832
- Taxes +€24,239
up €24,239 (+1,006%), from €2,410 to €26,649
- Financial charges -€2,162
down €2,162 (-34.4%), from €6,292 to €4,129
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 | €10,299 | €131,324 | +€121,026 | +1,175% |
| Current assets | 29/58 | €10,299 | €131,324 | +€121,026 | +1,175% |
| Amounts receivable within one year | 40/41 | €2,072 | €0 | -€2,072 | -100% |
| Other amounts receivable | 41 | €2,072 | €0 | -€2,072 | -100% |
| Cash at bank and in hand | 54/58 | €8,227 | €131,324 | +€123,097 | +1,496% |
| Total equity and liabilities | 10/49 | €10,299 | €131,324 | +€121,026 | +1,175% |
| Equity | 10/15 | €7,666 | €102,166 | +€94,500 | +1,233% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €6,666 | €101,166 | +€94,500 | +1,418% |
| Distributable reserves | 133 | €6,666 | €101,166 | +€94,500 | +1,418% |
| Amounts payable | 17/49 | €2,633 | €29,159 | +€26,526 | +1,008% |
| Amounts payable within one year | 42/48 | €2,633 | €29,159 | +€26,526 | +1,008% |
| Trade debts | 44 | €223 | €187 | -€36 | -16.3% |
| Suppliers | 440/4 | €223 | €187 | -€36 | -16.3% |
| Taxes, remuneration and social security | 45 | €2,410 | €28,504 | +€26,094 | +1,083% |
| Taxes | 450/3 | €2,410 | €28,504 | +€26,094 | +1,083% |
| Other amounts payable | 47/48 | - | €469 | +€469 | |
| Other operating charges | 640/8 | €1,121 | €554 | -€567 | -50.6% |
| Gross operating margin | 9900 | €16,488 | €125,832 | +€109,344 | +663% |
| Operating profit (loss) | 9901 | €15,367 | €125,278 | +€109,910 | +715% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €6,292 | €4,129 | -€2,162 | -34.4% |
| Recurring financial charges | 65 | €6,292 | €4,129 | -€2,162 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €9,076 | €121,148 | +€112,072 | +1,235% |
| Income taxes | 67/77 | €2,410 | €26,649 | +€24,239 | +1,006% |
| Profit (loss) for the period | 9904 | €6,666 | €94,500 | +€87,834 | +1,318% |
| Profit (loss) for the period to be appropriated | 9905 | €6,666 | €94,500 | +€87,834 | +1,318% |
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.