1 SET: 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.
1 SET
Largest movements
- Receivables within one year -€7,162
down €7,162 (-21.4%), from €33,526 to €26,364
of which Trade receivables: -€7,104
- Cash +€5,696
up €5,696 (+257%), from €2,220 to €7,916
mainly Receivables within one year (+€7,162) and Trade debts (+€3,959)
- Tangible fixed assets -€3,128
down €3,128 (-67.2%), from €4,653 to €1,525
- Deferred charges and accrued income +€549
up €549 (+230%), from €238 to €787
- Tax, wage and social debts -€8,250
down €8,250 (-37.3%), from €22,126 to €13,876
of which Taxes: -€9,082
- Trade debts +€3,959
up €3,959 (+232%), from €1,708 to €5,667
- Staff costs +€1,929
up €1,929 (+3.0%), from €64,520 to €66,449
- Gross operating margin +€817
up €817 (+1.1%), from €71,390 to €72,208
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 | €40,638 | €36,592 | -€4,045 | -10.0% |
| Fixed assets | 21/28 | €4,653 | €1,525 | -€3,128 | -67.2% |
| Tangible fixed assets | 22/27 | €4,653 | €1,525 | -€3,128 | -67.2% |
| Furniture and vehicles | 24 | €4,653 | €1,525 | -€3,128 | -67.2% |
| Current assets | 29/58 | €35,985 | €35,067 | -€918 | -2.5% |
| Amounts receivable within one year | 40/41 | €33,526 | €26,364 | -€7,162 | -21.4% |
| Trade receivables | 40 | €31,551 | €24,447 | -€7,104 | -22.5% |
| Other amounts receivable | 41 | €1,975 | €1,917 | -€58 | -2.9% |
| Cash at bank and in hand | 54/58 | €2,220 | €7,916 | +€5,696 | +257% |
| Deferred charges and accrued income | 490/1 | €238 | €787 | +€549 | +230% |
| Total equity and liabilities | 10/49 | €40,638 | €36,592 | -€4,045 | -10.0% |
| Equity | 10/15 | €16,457 | €16,702 | +€245 | +1.5% |
| Contributions | 10/11 | €900 | €900 | = | 0.0% |
| Reserves | 13 | €14,268 | €14,268 | = | 0.0% |
| Distributable reserves | 133 | €14,268 | €14,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,289 | €1,534 | +€245 | +19.0% |
| Amounts payable | 17/49 | €24,181 | €19,890 | -€4,291 | -17.7% |
| Amounts payable within one year | 42/48 | €24,181 | €19,890 | -€4,291 | -17.7% |
| Trade debts | 44 | €1,708 | €5,667 | +€3,959 | +232% |
| Suppliers | 440/4 | €1,708 | €5,667 | +€3,959 | +232% |
| Taxes, remuneration and social security | 45 | €22,126 | €13,876 | -€8,250 | -37.3% |
| Taxes | 450/3 | €13,272 | €4,190 | -€9,082 | -68.4% |
| Remuneration and social security | 454/9 | €8,854 | €9,686 | +€832 | +9.4% |
| Other amounts payable | 47/48 | €347 | €347 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €64,520 | €66,449 | +€1,929 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,128 | €3,128 | = | 0.0% |
| Other operating charges | 640/8 | €1,071 | €902 | -€169 | -15.8% |
| Gross operating margin | 9900 | €71,390 | €72,208 | +€817 | +1.1% |
| Operating profit (loss) | 9901 | €2,672 | €1,729 | -€943 | -35.3% |
| Financial charges | 65/66B | €191 | €275 | +€83 | +43.6% |
| Recurring financial charges | 65 | €191 | €275 | +€83 | +43.6% |
| Profit (loss) for the period before taxes | 9903 | €2,480 | €1,454 | -€1,026 | -41.4% |
| Income taxes | 67/77 | €1,501 | €1,209 | -€292 | -19.5% |
| Profit (loss) for the period | 9904 | €979 | €245 | -€734 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €979 | €245 | -€734 | -74.9% |
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 13 October 2026 via checked.be.