00 Team: 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.
00 Team
Largest movements
- Cash -€21,276
down €21,276 (-57.7%), from €36,883 to €15,608
mainly Net result for the year (-€23,396) and Tax, wage and social debts (-€20,251)
- Tangible fixed assets -€16,117
down €16,117 (-61.0%), from €26,409 to €10,292
of which Furniture and vehicles: -€12,619
- Stocks and contracts -€7,539
down €7,539 (-1.2%), from €649,368 to €641,829
- Profit (loss) carried forward -€23,396
new in 2025: -€23,396
- Tax, wage and social debts -€20,251
down €20,251 (-25.6%), from €79,214 to €58,962
of which Taxes: -€20,624
- Trade debts -€19,178
down €19,178 (-32.6%), from €58,882 to €39,704
- Advances received +€12,900
new in 2025: €12,900
- Debts after one year +€12,397
up €12,397 (+3.7%), from €332,093 to €344,490
- Write-downs +€42,537
up €42,537 (+129.3%), from €32,900 to €75,437
- Gross operating margin -€27,915
down €27,915 (-21.4%), from €130,146 to €102,231
- Staff costs +€4,105
new in 2025: €4,105
- Depreciation -€3,187
down €3,187 (-16.5%), from €19,304 to €16,117
- Taxes +€1,700
up €1,700 (+13.0%), from €13,099 to €14,799
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 | €724,584 | €684,047 | -€40,537 | -5.6% |
| Fixed assets | 21/28 | €26,409 | €10,292 | -€16,117 | -61.0% |
| Tangible fixed assets | 22/27 | €26,409 | €10,292 | -€16,117 | -61.0% |
| Plant, machinery and equipment | 23 | €1,456 | €95 | -€1,361 | -93.5% |
| Furniture and vehicles | 24 | €18,544 | €5,924 | -€12,619 | -68.1% |
| Other tangible fixed assets | 26 | €6,409 | €4,273 | -€2,136 | -33.3% |
| Current assets | 29/58 | €698,176 | €673,755 | -€24,420 | -3.5% |
| Stocks and contracts in progress | 3 | €649,368 | €641,829 | -€7,539 | -1.2% |
| Stocks | 30/36 | €649,368 | €641,829 | -€7,539 | -1.2% |
| Amounts receivable within one year | 40/41 | €11,924 | €16,319 | +€4,395 | +36.9% |
| Trade receivables | 40 | €4,935 | €9,330 | +€4,395 | +89.0% |
| Other amounts receivable | 41 | €6,989 | €6,989 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,883 | €15,608 | -€21,276 | -57.7% |
| Total equity and liabilities | 10/49 | €724,584 | €684,047 | -€40,537 | -5.6% |
| Equity | 10/15 | €158,354 | €134,958 | -€23,396 | -14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €139,754 | €139,754 | = | 0.0% |
| Distributable reserves | 133 | €139,754 | €139,754 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€23,396 | -€23,396 | |
| Amounts payable | 17/49 | €566,230 | €549,089 | -€17,141 | -3.0% |
| Amounts payable after more than one year | 17 | €332,093 | €344,490 | +€12,397 | +3.7% |
| Other amounts payable | 178/9 | €332,093 | €344,490 | +€12,397 | +3.7% |
| Amounts payable within one year | 42/48 | €231,859 | €203,008 | -€28,851 | -12.4% |
| Financial debts | 43 | €93,764 | €91,442 | -€2,322 | -2.5% |
| Credit institutions | 430/8 | €93,764 | €91,442 | -€2,322 | -2.5% |
| Trade debts | 44 | €58,882 | €39,704 | -€19,178 | -32.6% |
| Suppliers | 440/4 | €58,882 | €39,704 | -€19,178 | -32.6% |
| Advances received on contracts in progress | 46 | - | €12,900 | +€12,900 | |
| Taxes, remuneration and social security | 45 | €79,214 | €58,962 | -€20,251 | -25.6% |
| Taxes | 450/3 | €79,214 | €58,590 | -€20,624 | -26.0% |
| Remuneration and social security | 454/9 | - | €373 | +€373 | |
| Accrued charges and deferred income | 492/3 | €2,278 | €1,591 | -€687 | -30.2% |
| Non-recurring operating income | 76A | €18,800 | €0 | -€18,800 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €4,105 | +€4,105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,304 | €16,117 | -€3,187 | -16.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,900 | €75,437 | +€42,537 | +129.3% |
| Other operating charges | 640/8 | €4,798 | €5,668 | +€870 | +18.1% |
| Gross operating margin | 9900 | €130,146 | €102,231 | -€27,915 | -21.4% |
| Operating profit (loss) | 9901 | €73,144 | €904 | -€72,240 | -98.8% |
| Financial income | 75/76B | €226 | €170 | -€55 | -24.6% |
| Recurring financial income | 75 | €226 | €170 | -€55 | -24.6% |
| Financial charges | 65/66B | €9,397 | €9,672 | +€275 | +2.9% |
| Recurring financial charges | 65 | €9,397 | €9,672 | +€275 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €63,973 | -€8,597 | -€72,570 | |
| Income taxes | 67/77 | €13,099 | €14,799 | +€1,700 | +13.0% |
| Profit (loss) for the period | 9904 | €50,874 | -€23,396 | -€74,271 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,874 | -€23,396 | -€74,271 |
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 12 October 2026 via checked.be.