16 EVENTS: 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.
16 EVENTS
Largest movements
- Cash -€5,430
down €5,430 (-27.4%), from €19,845 to €14,416
mainly Trade debts (-€6,822) and Receivables within one year (-€1,694)
- Tangible fixed assets -€2,339
down €2,339 (-37.5%), from €6,238 to €3,900
of which Plant, machinery and equipment: -€1,295
- Receivables within one year +€1,694
up €1,694 (+58.3%), from €2,904 to €4,598
- Trade debts -€6,822
no longer reported in 2025 (was €6,822)
- Tax, wage and social debts +€899
up €899 (+4,381%), from €21 to €920
- Gross operating margin +€3,526
up €3,526, from -€1,176 to €2,350
- Depreciation +€490
up €490 (+26.5%), from €1,849 to €2,339
- Other operating charges -€449
no longer reported in 2025 (was €449)
- Financial charges +€102
up €102 (+169%), from €61 to €163
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 | €28,988 | €22,913 | -€6,074 | -21.0% |
| Fixed assets | 21/28 | €6,238 | €3,900 | -€2,339 | -37.5% |
| Tangible fixed assets | 22/27 | €6,238 | €3,900 | -€2,339 | -37.5% |
| Plant, machinery and equipment | 23 | €3,698 | €2,403 | -€1,295 | -35.0% |
| Furniture and vehicles | 24 | €2,541 | €1,497 | -€1,044 | -41.1% |
| Current assets | 29/58 | €22,749 | €19,014 | -€3,736 | -16.4% |
| Amounts receivable within one year | 40/41 | €2,904 | €4,598 | +€1,694 | +58.3% |
| Trade receivables | 40 | €2,904 | €4,598 | +€1,694 | +58.3% |
| Cash at bank and in hand | 54/58 | €19,845 | €14,416 | -€5,430 | -27.4% |
| Total equity and liabilities | 10/49 | €28,988 | €22,913 | -€6,074 | -21.0% |
| Equity | 10/15 | -€22,204 | -€22,355 | -€151 | -0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,804 | -€40,955 | -€151 | -0.4% |
| Amounts payable | 17/49 | €51,192 | €45,269 | -€5,923 | -11.6% |
| Amounts payable after more than one year | 17 | €27,946 | €27,946 | = | 0.0% |
| Other amounts payable | 178/9 | €27,946 | €27,946 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,246 | €17,323 | -€5,923 | -25.5% |
| Trade debts | 44 | €6,822 | - | -€6,822 | |
| Suppliers | 440/4 | €6,822 | - | -€6,822 | |
| Taxes, remuneration and social security | 45 | €21 | €920 | +€899 | +4,381% |
| Taxes | 450/3 | €21 | €920 | +€899 | +4,381% |
| Other amounts payable | 47/48 | €16,403 | €16,403 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,849 | €2,339 | +€490 | +26.5% |
| Other operating charges | 640/8 | €449 | - | -€449 | |
| Gross operating margin | 9900 | -€1,176 | €2,350 | +€3,526 | |
| Operating profit (loss) | 9901 | -€3,474 | €12 | +€3,485 | |
| Financial charges | 65/66B | €61 | €163 | +€102 | +169% |
| Recurring financial charges | 65 | €61 | €163 | +€102 | +169% |
| Profit (loss) for the period before taxes | 9903 | -€3,534 | -€151 | +€3,383 | +95.7% |
| Profit (loss) for the period | 9904 | -€3,534 | -€151 | +€3,383 | +95.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,534 | -€151 | +€3,383 | +95.7% |
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 20 October 2026 via checked.be.