INSIGHTS: 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.
INSIGHTS
Largest movements
- Deferred charges and accrued income +€14,307
up €14,307 (+1,385%), from €1,033 to €15,340
- Tangible fixed assets +€10,305
up €10,305 (+86.7%), from €11,882 to €22,187
of which Furniture and vehicles: +€10,492
- Cash +€4,290
up €4,290 (+12.8%), from €33,530 to €37,820
mainly Net result for the year (+€28,615) and Depreciation (+€6,115)
- Receivables within one year +€2,478
up €2,478 (+15.8%), from €15,673 to €18,151
of which Other amounts receivable: +€1,752
- Reserves +€28,615
up €28,615 (+72.8%), from €39,304 to €67,919
- Current portion of long-term debt +€3,842
up €3,842 (+221%), from €1,741 to €5,583
- Other debts -€1,729
down €1,729 (-71.1%), from €2,431 to €702
- Tax, wage and social debts +€1,474
up €1,474 (+21.1%), from €7,001 to €8,475
of which Taxes: +€1,474
- Short-term financial debts -€1,044
down €1,044 (-73.3%), from €1,424 to €380
- Depreciation +€4,124
up €4,124 (+207%), from €1,991 to €6,115
- Gross operating margin +€2,033
up €2,033 (+4.5%), from €45,589 to €47,623
- Taxes -€511
down €511 (-5.9%), from €8,679 to €8,168
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 | €62,118 | €93,498 | +€31,380 | +50.5% |
| Fixed assets | 21/28 | €11,882 | €22,187 | +€10,305 | +86.7% |
| Tangible fixed assets | 22/27 | €11,882 | €22,187 | +€10,305 | +86.7% |
| Furniture and vehicles | 24 | €9,004 | €19,497 | +€10,492 | +117% |
| Other tangible fixed assets | 26 | €2,878 | €2,691 | -€188 | -6.5% |
| Current assets | 29/58 | €50,236 | €71,311 | +€21,075 | +42.0% |
| Amounts receivable within one year | 40/41 | €15,673 | €18,151 | +€2,478 | +15.8% |
| Trade receivables | 40 | €12,342 | €13,068 | +€726 | +5.9% |
| Other amounts receivable | 41 | €3,331 | €5,083 | +€1,752 | +52.6% |
| Cash at bank and in hand | 54/58 | €33,530 | €37,820 | +€4,290 | +12.8% |
| Deferred charges and accrued income | 490/1 | €1,033 | €15,340 | +€14,307 | +1,385% |
| Total equity and liabilities | 10/49 | €62,118 | €93,498 | +€31,380 | +50.5% |
| Equity | 10/15 | €42,304 | €70,919 | +€28,615 | +67.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €39,304 | €67,919 | +€28,615 | +72.8% |
| Distributable reserves | 133 | €39,304 | €67,919 | +€28,615 | +72.8% |
| Amounts payable | 17/49 | €19,814 | €22,579 | +€2,765 | +14.0% |
| Amounts payable after more than one year | 17 | €4,597 | €4,693 | +€96 | +2.1% |
| Financial debts | 170/4 | €4,597 | €4,693 | +€96 | +2.1% |
| Amounts payable within one year | 42/48 | €15,217 | €17,886 | +€2,669 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €1,741 | €5,583 | +€3,842 | +221% |
| Financial debts | 43 | €1,424 | €380 | -€1,044 | -73.3% |
| Credit institutions | 430/8 | €1,424 | €380 | -€1,044 | -73.3% |
| Trade debts | 44 | €2,621 | €2,746 | +€126 | +4.8% |
| Suppliers | 440/4 | €2,621 | €2,746 | +€126 | +4.8% |
| Taxes, remuneration and social security | 45 | €7,001 | €8,475 | +€1,474 | +21.1% |
| Taxes | 450/3 | €7,001 | €8,475 | +€1,474 | +21.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,431 | €702 | -€1,729 | -71.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,991 | €6,115 | +€4,124 | +207% |
| Other operating charges | 640/8 | €692 | €680 | -€11 | -1.6% |
| Gross operating margin | 9900 | €45,589 | €47,623 | +€2,033 | +4.5% |
| Operating profit (loss) | 9901 | €42,907 | €40,828 | -€2,079 | -4.8% |
| Financial income | 75/76B | €5 | €108 | +€103 | +2,061% |
| Recurring financial income | 75 | €5 | €108 | +€103 | +2,061% |
| Financial charges | 65/66B | €4,540 | €4,153 | -€387 | -8.5% |
| Recurring financial charges | 65 | €4,540 | €4,153 | -€387 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €38,372 | €36,783 | -€1,589 | -4.1% |
| Income taxes | 67/77 | €8,679 | €8,168 | -€511 | -5.9% |
| Profit (loss) for the period | 9904 | €29,693 | €28,615 | -€1,078 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €29,693 | €28,615 | -€1,078 | -3.6% |
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.