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.
WHOLE-INVEST
Largest movements
- Cash +€32,926
up €32,926 (+90.9%), from €36,210 to €69,136
mainly Depreciation (+€16,303) and Receivables within one year (+€6,728)
- Tangible fixed assets -€16,303
down €16,303 (-4.8%), from €340,678 to €324,375
- Receivables within one year -€6,728
down €6,728 (-91.5%), from €7,353 to €625
- Profit (loss) carried forward +€4,341
up €4,341 (+4.4%), from -€98,523 to -€94,182
- Gross operating margin +€2,002
up €2,002 (+9.8%), from €20,447 to €22,449
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 | €389,241 | €399,136 | +€9,895 | +2.5% |
| Fixed assets | 21/28 | €340,678 | €324,375 | -€16,303 | -4.8% |
| Tangible fixed assets | 22/27 | €340,678 | €324,375 | -€16,303 | -4.8% |
| Land and buildings | 22 | €340,678 | €324,375 | -€16,303 | -4.8% |
| Current assets | 29/58 | €48,563 | €74,761 | +€26,198 | +53.9% |
| Amounts receivable within one year | 40/41 | €7,353 | €625 | -€6,728 | -91.5% |
| Trade receivables | 40 | €7,353 | €625 | -€6,728 | -91.5% |
| Cash at bank and in hand | 54/58 | €36,210 | €69,136 | +€32,926 | +90.9% |
| Deferred charges and accrued income | 490/1 | €5,000 | €5,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €389,241 | €399,136 | +€9,895 | +2.5% |
| Equity | 10/15 | -€56,514 | -€52,173 | +€4,341 | +7.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,409 | €23,409 | = | 0.0% |
| Distributable reserves | 133 | €23,409 | €23,409 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€98,523 | -€94,182 | +€4,341 | +4.4% |
| Amounts payable | 17/49 | €445,755 | €451,309 | +€5,554 | +1.2% |
| Amounts payable within one year | 42/48 | €445,101 | €449,684 | +€4,582 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €3,300 | €6,840 | +€3,540 | +107.3% |
| Trade debts | 44 | €10 | €1,052 | +€1,042 | +10422.8% |
| Suppliers | 440/4 | €10 | €1,052 | +€1,042 | +10422.8% |
| Other amounts payable | 47/48 | €441,791 | €441,791 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €654 | €1,626 | +€972 | +148.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,303 | €16,303 | = | 0.0% |
| Other operating charges | 640/8 | €1,706 | €1,760 | +€54 | +3.2% |
| Gross operating margin | 9900 | €20,447 | €22,449 | +€2,002 | +9.8% |
| Operating profit (loss) | 9901 | €2,438 | €4,386 | +€1,948 | +79.9% |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,424 | €4,341 | +€1,916 | +79.1% |
| Profit (loss) for the period | 9904 | €2,424 | €4,341 | +€1,916 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,424 | €4,341 | +€1,916 | +79.1% |
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 26 September 2026 via checked.be.