X.: what changed
X.
Largest movements
- Cash +€5,724
up €5,724 (+17.8%), from €32,148 to €37,873
mainly Net result for the year (+€8,627) and Depreciation (+€982)
- Receivables within one year +€3,405
up €3,405 (+77.8%), from €4,376 to €7,781
of which Trade receivables: +€3,435
- Tangible fixed assets -€676
down €676 (-45.7%), from €1,480 to €804
- Reserves +€8,627
up €8,627 (+39.5%), from €21,812 to €30,439
- Tax, wage and social debts +€531
up €531 (+5.3%), from €10,013 to €10,544
- Other debts -€529
down €529 (-29.9%), from €1,768 to €1,239
- Gross operating margin -€17,491
down €17,491 (-56.6%), from €30,891 to €13,400
- Taxes -€3,128
down €3,128 (-52.8%), from €5,918 to €2,791
- Depreciation -€1,061
down €1,061 (-51.9%), from €2,043 to €982
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 | €39,000 | €47,386 | +€8,386 | +21.5% |
| Formation expenses | 20 | €306 | €0 | -€306 | -100% |
| Fixed assets | 21/28 | €1,480 | €804 | -€676 | -45.7% |
| Tangible fixed assets | 22/27 | €1,480 | €804 | -€676 | -45.7% |
| Furniture and vehicles | 24 | €1,480 | €804 | -€676 | -45.7% |
| Current assets | 29/58 | €37,215 | €46,582 | +€9,368 | +25.2% |
| Amounts receivable within one year | 40/41 | €4,376 | €7,781 | +€3,405 | +77.8% |
| Trade receivables | 40 | €4,346 | €7,781 | +€3,435 | +79.0% |
| Other amounts receivable | 41 | €30 | €0 | -€30 | -100% |
| Cash at bank and in hand | 54/58 | €32,148 | €37,873 | +€5,724 | +17.8% |
| Deferred charges and accrued income | 490/1 | €690 | €929 | +€239 | +34.6% |
| Total equity and liabilities | 10/49 | €39,000 | €47,386 | +€8,386 | +21.5% |
| Equity | 10/15 | €26,812 | €35,439 | +€8,627 | +32.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,812 | €30,439 | +€8,627 | +39.5% |
| Distributable reserves | 133 | €21,812 | €30,439 | +€8,627 | +39.5% |
| Amounts payable | 17/49 | €12,188 | €11,947 | -€241 | -2.0% |
| Amounts payable within one year | 42/48 | €12,188 | €11,947 | -€241 | -2.0% |
| Trade debts | 44 | €407 | €164 | -€242 | -59.6% |
| Suppliers | 440/4 | €407 | €164 | -€242 | -59.6% |
| Taxes, remuneration and social security | 45 | €10,013 | €10,544 | +€531 | +5.3% |
| Taxes | 450/3 | €10,013 | €10,544 | +€531 | +5.3% |
| Other amounts payable | 47/48 | €1,768 | €1,239 | -€529 | -29.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,043 | €982 | -€1,061 | -51.9% |
| Other operating charges | 640/8 | €50 | €0 | -€50 | -100% |
| Gross operating margin | 9900 | €30,891 | €13,400 | -€17,491 | -56.6% |
| Operating profit (loss) | 9901 | €28,798 | €12,418 | -€16,379 | -56.9% |
| Financial income | 75/76B | €2 | €166 | +€164 | +7,123% |
| Recurring financial income | 75 | €2 | €166 | +€164 | +7,123% |
| Financial charges | 65/66B | €1,069 | €1,167 | +€98 | +9.1% |
| Recurring financial charges | 65 | €1,069 | €1,167 | +€98 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €27,731 | €11,417 | -€16,313 | -58.8% |
| Income taxes | 67/77 | €5,918 | €2,791 | -€3,128 | -52.8% |
| Profit (loss) for the period | 9904 | €21,812 | €8,627 | -€13,186 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,812 | €8,627 | -€13,186 | -60.5% |
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 2 November 2026 via checked.be.