What changed?
Two fiscal 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.
AJCZ
Largest movements
- Receivables within one year +€123,369
up €123,369 (+24736.2%), from €499 to €123,868
of which Other amounts receivable: +€123,592
- Current investments +€76,259
up €76,259 (+40.0%), from €190,727 to €266,986
- Cash +€18,694
up €18,694 (+36.9%), from €50,635 to €69,329
mainly Net result for the year (+€183,751) and Tax, wage and social debts (+€39,051)
- Reserves +€183,751
up €183,751 (+104.5%), from €175,759 to €359,510
- Tax, wage and social debts +€39,051
up €39,051 (+65.6%), from €59,537 to €98,588
- Gross operating margin +€98,995
up €98,995 (+69.0%), from €143,456 to €242,451
- Taxes +€25,520
up €25,520 (+69.7%), from €36,590 to €62,110
- Financial income +€2,904
up €2,904 (+340.4%), from €853 to €3,757
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.
Cash bridge derived
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 | €241,861 | €463,282 | +€221,422 | +91.5% |
| Fixed assets | 21/28 | - | €1,053 | +€1,053 | |
| Tangible fixed assets | 22/27 | - | €1,053 | +€1,053 | |
| Plant, machinery and equipment | 23 | - | €1,053 | +€1,053 | |
| Current assets | 29/58 | €241,861 | €462,229 | +€220,369 | +91.1% |
| Amounts receivable within one year | 40/41 | €499 | €123,868 | +€123,369 | +24736.2% |
| Trade receivables | 40 | €223 | - | -€223 | |
| Other amounts receivable | 41 | €276 | €123,868 | +€123,592 | +44771.6% |
| Current investments | 50/53 | €190,727 | €266,986 | +€76,259 | +40.0% |
| Cash at bank and in hand | 54/58 | €50,635 | €69,329 | +€18,694 | +36.9% |
| Deferred charges and accrued income | 490/1 | - | €2,046 | +€2,046 | |
| Total equity and liabilities | 10/49 | €241,861 | €463,282 | +€221,422 | +91.5% |
| Equity | 10/15 | €178,759 | €362,510 | +€183,751 | +102.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €175,759 | €359,510 | +€183,751 | +104.5% |
| Distributable reserves | 133 | €175,759 | €359,510 | +€183,751 | +104.5% |
| Amounts payable | 17/49 | €63,101 | €100,772 | +€37,671 | +59.7% |
| Amounts payable within one year | 42/48 | €63,101 | €100,772 | +€37,671 | +59.7% |
| Trade debts | 44 | €695 | €2,127 | +€1,433 | +206.3% |
| Suppliers | 440/4 | €695 | €2,127 | +€1,433 | +206.3% |
| Taxes, remuneration and social security | 45 | €59,537 | €98,588 | +€39,051 | +65.6% |
| Taxes | 450/3 | €59,537 | €98,588 | +€39,051 | +65.6% |
| Other amounts payable | 47/48 | €2,870 | €57 | -€2,813 | -98.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €54 | +€54 | |
| Other operating charges | 640/8 | €306 | €120 | -€186 | -60.7% |
| Gross operating margin | 9900 | €143,456 | €242,451 | +€98,995 | +69.0% |
| Operating profit (loss) | 9901 | €143,151 | €242,277 | +€99,127 | +69.2% |
| Financial income | 75/76B | €853 | €3,757 | +€2,904 | +340.4% |
| Recurring financial income | 75 | €853 | €3,757 | +€2,904 | +340.4% |
| Financial charges | 65/66B | €27 | €173 | +€146 | +541.7% |
| Recurring financial charges | 65 | €27 | €173 | +€146 | +541.7% |
| Profit (loss) for the period before taxes | 9903 | €143,976 | €245,861 | +€101,884 | +70.8% |
| Income taxes | 67/77 | €36,590 | €62,110 | +€25,520 | +69.7% |
| Profit (loss) for the period | 9904 | €107,386 | €183,751 | +€76,365 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,386 | €183,751 | +€76,365 | +71.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 September 2026 via checked.be.