HEADBOX: what changed
HEADBOX
Largest movements
- Receivables within one year +€29,976
up €29,976 (+116%), from €25,901 to €55,877
of which Trade receivables: +€30,482
- Tangible fixed assets +€6,566
up €6,566 (+357%), from €1,838 to €8,404
of which Furniture and vehicles: +€6,969
- Deferred charges and accrued income -€4,739
down €4,739 (-86.7%), from €5,467 to €728
- Cash +€2,089
up €2,089 (+17.7%), from €11,776 to €13,865
mainly Net result for the year (+€53,038) and Tax, wage and social debts (+€23,613)
- Profit (loss) carried forward +€53,038
up €53,038 (+73.5%), from -€72,153 to -€19,115
- Other debts -€41,939
down €41,939 (-83.7%), from €50,108 to €8,169
- Tax, wage and social debts +€23,613
up €23,613 (+880%), from €2,684 to €26,297
- Short-term financial debts -€1,813
down €1,813 (-58.1%), from €3,123 to €1,309
- Trade debts +€970
up €970 (+2.3%), from €42,572 to €43,541
- Gross operating margin +€73,244
up €73,244 (+340%), from €21,538 to €94,782
- Other operating charges +€28,726
up €28,726 (+6,204%), from €463 to €29,189
- Taxes +€9,114
up €9,114 (+3,362%), from €271 to €9,385
- Financial charges -€1,271
down €1,271 (-55.9%), from €2,272 to €1,001
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 | €44,982 | €78,874 | +€33,892 | +75.3% |
| Fixed assets | 21/28 | €1,838 | €8,404 | +€6,566 | +357% |
| Tangible fixed assets | 22/27 | €1,838 | €8,404 | +€6,566 | +357% |
| Furniture and vehicles | 24 | €1,033 | €8,002 | +€6,969 | +675% |
| Other tangible fixed assets | 26 | €805 | €403 | -€403 | -50.0% |
| Current assets | 29/58 | €43,144 | €70,470 | +€27,326 | +63.3% |
| Amounts receivable within one year | 40/41 | €25,901 | €55,877 | +€29,976 | +116% |
| Trade receivables | 40 | €15,901 | €46,384 | +€30,482 | +192% |
| Other amounts receivable | 41 | €10,000 | €9,493 | -€507 | -5.1% |
| Cash at bank and in hand | 54/58 | €11,776 | €13,865 | +€2,089 | +17.7% |
| Deferred charges and accrued income | 490/1 | €5,467 | €728 | -€4,739 | -86.7% |
| Total equity and liabilities | 10/49 | €44,982 | €78,874 | +€33,892 | +75.3% |
| Equity | 10/15 | -€53,553 | -€515 | +€53,038 | +99.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,153 | -€19,115 | +€53,038 | +73.5% |
| Amounts payable | 17/49 | €98,535 | €79,389 | -€19,146 | -19.4% |
| Amounts payable within one year | 42/48 | €98,486 | €79,316 | -€19,170 | -19.5% |
| Financial debts | 43 | €3,123 | €1,309 | -€1,813 | -58.1% |
| Credit institutions | 430/8 | €3,123 | €1,309 | -€1,813 | -58.1% |
| Trade debts | 44 | €42,572 | €43,541 | +€970 | +2.3% |
| Suppliers | 440/4 | €42,572 | €43,541 | +€970 | +2.3% |
| Taxes, remuneration and social security | 45 | €2,684 | €26,297 | +€23,613 | +880% |
| Taxes | 450/3 | €2,684 | €26,297 | +€23,613 | +880% |
| Other amounts payable | 47/48 | €50,108 | €8,169 | -€41,939 | -83.7% |
| Accrued charges and deferred income | 492/3 | €49 | €73 | +€24 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,624 | €2,184 | +€560 | +34.5% |
| Other operating charges | 640/8 | €463 | €29,189 | +€28,726 | +6,204% |
| Non-recurring operating charges | 66A | €878 | - | -€878 | |
| Gross operating margin | 9900 | €21,538 | €94,782 | +€73,244 | +340% |
| Operating profit (loss) | 9901 | €18,573 | €63,409 | +€44,836 | +241% |
| Financial income | 75/76B | €316 | €15 | -€302 | -95.4% |
| Recurring financial income | 75 | €316 | €15 | -€302 | -95.4% |
| Financial charges | 65/66B | €2,272 | €1,001 | -€1,271 | -55.9% |
| Recurring financial charges | 65 | €2,272 | €1,001 | -€1,271 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €16,617 | €62,422 | +€45,805 | +276% |
| Income taxes | 67/77 | €271 | €9,385 | +€9,114 | +3,362% |
| Profit (loss) for the period | 9904 | €16,346 | €53,038 | +€36,692 | +224% |
| Profit (loss) for the period to be appropriated | 9905 | €16,346 | €53,038 | +€36,692 | +224% |
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 7 November 2026 via checked.be.