OFF THE FIELD: 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.
OFF THE FIELD
Largest movements
- Receivables within one year +€18,187
up €18,187 (+295.5%), from €6,154 to €24,340
of which Trade receivables: +€19,106
- Cash +€12,651
up €12,651 (+41.2%), from €30,709 to €43,360
mainly Net result for the year (+€14,082) and Investment in fixed assets (net) (+€9,714)
- Tangible fixed assets -€11,036
down €11,036 (-83.7%), from €13,185 to €2,149
- Profit (loss) carried forward +€14,082
up €14,082 (+31.0%), from €45,461 to €59,544
- Tax, wage and social debts +€4,965
up €4,965 (+255.9%), from €1,941 to €6,906
- Trade debts +€880
new in 2025: €880
- Gross operating margin -€24,234
down €24,234 (-54.7%), from €44,340 to €20,106
- Taxes -€3,946
down €3,946 (-46.8%), from €8,423 to €4,477
- Depreciation -€2,572
down €2,572 (-66.1%), from €3,894 to €1,322
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 | €50,048 | €70,143 | +€20,095 | +40.2% |
| Fixed assets | 21/28 | €13,185 | €2,149 | -€11,036 | -83.7% |
| Tangible fixed assets | 22/27 | €13,185 | €2,149 | -€11,036 | -83.7% |
| Furniture and vehicles | 24 | €13,185 | €2,149 | -€11,036 | -83.7% |
| Current assets | 29/58 | €36,862 | €67,994 | +€31,131 | +84.5% |
| Amounts receivable within one year | 40/41 | €6,154 | €24,340 | +€18,187 | +295.5% |
| Trade receivables | 40 | €5,234 | €24,340 | +€19,106 | +365.1% |
| Other amounts receivable | 41 | €920 | - | -€920 | |
| Cash at bank and in hand | 54/58 | €30,709 | €43,360 | +€12,651 | +41.2% |
| Deferred charges and accrued income | 490/1 | - | €293 | +€293 | |
| Total equity and liabilities | 10/49 | €50,048 | €70,143 | +€20,095 | +40.2% |
| Equity | 10/15 | €47,961 | €62,044 | +€14,082 | +29.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,461 | €59,544 | +€14,082 | +31.0% |
| Amounts payable | 17/49 | €2,086 | €8,099 | +€6,013 | +288.2% |
| Amounts payable within one year | 42/48 | €2,086 | €8,099 | +€6,013 | +288.2% |
| Trade debts | 44 | - | €880 | +€880 | |
| Suppliers | 440/4 | €0 | €880 | +€880 | |
| Taxes, remuneration and social security | 45 | €1,941 | €6,906 | +€4,965 | +255.9% |
| Taxes | 450/3 | €1,941 | €6,906 | +€4,965 | +255.9% |
| Other amounts payable | 47/48 | €146 | €313 | +€167 | +114.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,894 | €1,322 | -€2,572 | -66.1% |
| Other operating charges | 640/8 | - | €63 | +€63 | |
| Gross operating margin | 9900 | €44,340 | €20,106 | -€24,234 | -54.7% |
| Operating profit (loss) | 9901 | €40,445 | €18,721 | -€21,725 | -53.7% |
| Financial charges | 65/66B | €149 | €161 | +€12 | +7.9% |
| Recurring financial charges | 65 | €149 | €161 | +€12 | +7.9% |
| Profit (loss) for the period before taxes | 9903 | €40,296 | €18,560 | -€21,737 | -53.9% |
| Income taxes | 67/77 | €8,423 | €4,477 | -€3,946 | -46.8% |
| Profit (loss) for the period | 9904 | €31,873 | €14,082 | -€17,791 | -55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,873 | €14,082 | -€17,791 | -55.8% |
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 3 October 2026 via checked.be.