NOWHOW: 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.
NOWHOW
Largest movements
- Receivables within one year +€32,824
up €32,824 (+533%), from €6,159 to €38,983
of which Trade receivables: +€38,267
- Tangible fixed assets -€5,519
down €5,519 (-15.1%), from €36,625 to €31,106
of which Furniture and vehicles: -€5,512
- Cash +€2,510
up €2,510 (+5.1%), from €49,229 to €51,738
mainly Net result for the year (+€14,715) and Depreciation (+€13,531)
- Reserves -€15,910
down €15,910 (-10.3%), from €154,839 to €138,930
- Profit (loss) carried forward +€14,715
up €14,715 (+21.3%), from -€69,091 to -€54,376
- Other debts +€11,622
new in 2025: €11,622
- Tax, wage and social debts +€10,436
new in 2025: €10,436
- Trade debts +€9,432
up €9,432 (+892%), from €1,058 to €10,490
- Gross operating margin +€83,750
up €83,750, from -€54,462 to €29,288
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 | €93,412 | €123,302 | +€29,890 | +32.0% |
| Fixed assets | 21/28 | €36,730 | €31,211 | -€5,519 | -15.0% |
| Tangible fixed assets | 22/27 | €36,625 | €31,106 | -€5,519 | -15.1% |
| Plant, machinery and equipment | 23 | €7 | - | -€7 | |
| Furniture and vehicles | 24 | €36,619 | €31,106 | -€5,512 | -15.1% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €56,682 | €92,091 | +€35,409 | +62.5% |
| Amounts receivable within one year | 40/41 | €6,159 | €38,983 | +€32,824 | +533% |
| Trade receivables | 40 | - | €38,267 | +€38,267 | |
| Other amounts receivable | 41 | €6,159 | €716 | -€5,443 | -88.4% |
| Cash at bank and in hand | 54/58 | €49,229 | €51,738 | +€2,510 | +5.1% |
| Deferred charges and accrued income | 490/1 | €1,294 | €1,369 | +€75 | +5.8% |
| Total equity and liabilities | 10/49 | €93,412 | €123,302 | +€29,890 | +32.0% |
| Equity | 10/15 | €91,948 | €90,754 | -€1,194 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €154,839 | €138,930 | -€15,910 | -10.3% |
| Distributable reserves | 133 | €154,839 | €138,930 | -€15,910 | -10.3% |
| Profit (loss) carried forward | 14 | -€69,091 | -€54,376 | +€14,715 | +21.3% |
| Amounts payable | 17/49 | €1,464 | €32,548 | +€31,084 | +2,123% |
| Amounts payable after more than one year | 17 | €406 | - | -€406 | |
| Other amounts payable | 178/9 | €406 | - | -€406 | |
| Amounts payable within one year | 42/48 | €1,058 | €32,548 | +€31,491 | +2,977% |
| Trade debts | 44 | €1,058 | €10,490 | +€9,432 | +892% |
| Suppliers | 440/4 | €1,058 | €10,490 | +€9,432 | +892% |
| Taxes, remuneration and social security | 45 | - | €10,436 | +€10,436 | |
| Taxes | 450/3 | - | €10,436 | +€10,436 | |
| Other amounts payable | 47/48 | - | €11,622 | +€11,622 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,355 | €13,531 | +€177 | +1.3% |
| Other operating charges | 640/8 | €997 | €757 | -€240 | -24.0% |
| Gross operating margin | 9900 | -€54,462 | €29,288 | +€83,750 | |
| Operating profit (loss) | 9901 | -€68,814 | €14,999 | +€83,813 | |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €131 | €155 | +€24 | +18.2% |
| Recurring financial charges | 65 | €131 | €155 | +€24 | +18.2% |
| Profit (loss) for the period before taxes | 9903 | -€68,945 | €14,853 | +€83,797 | |
| Income taxes | 67/77 | €147 | €137 | -€9 | -6.5% |
| Profit (loss) for the period | 9904 | -€69,091 | €14,715 | +€83,807 | |
| Profit (loss) for the period to be appropriated | 9905 | -€69,091 | €14,715 | +€83,807 |
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 17 October 2026 via checked.be.