1X: what changed
Two fiscal 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.
1X
Largest movements
- Receivables within one year +€3,090
new in 2025: €3,090
- Cash -€1,081
down €1,081 (-42.1%), from €2,570 to €1,489
mainly Short-term financial debts (-€140,593) and Current portion of long-term debt (-€14,583)
- Other debts +€149,013
up €149,013 (+76.0%), from €196,012 to €345,025
- Short-term financial debts -€140,593
no longer reported in 2025 (was €140,593)
- Current portion of long-term debt -€14,583
no longer reported in 2025 (was €14,583)
- Profit (loss) carried forward +€2,836
up €2,836 (+0.3%), from -€934,302 to -€931,465
- Trade debts +€2,821
up €2,821 (+119.7%), from €2,356 to €5,177
- Financial charges -€4,719
down €4,719 (-49.2%), from €9,601 to €4,882
- Gross operating margin -€1,210
down €1,210 (-11.9%), from €10,135 to €8,925
- Other operating charges +€444
up €444 (+77.7%), from €572 to €1,016
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 | €62,760 | €64,579 | +€1,818 | +2.9% |
| Fixed assets | 21/28 | €60,191 | €60,000 | -€191 | -0.3% |
| Intangible fixed assets | 21 | €191 | - | -€191 | |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €2,570 | €4,579 | +€2,009 | +78.2% |
| Amounts receivable within one year | 40/41 | - | €3,090 | +€3,090 | |
| Trade receivables | 40 | - | €3,090 | +€3,090 | |
| Cash at bank and in hand | 54/58 | €2,570 | €1,489 | -€1,081 | -42.1% |
| Total equity and liabilities | 10/49 | €62,760 | €64,579 | +€1,818 | +2.9% |
| Equity | 10/15 | -€399,302 | -€396,465 | +€2,836 | +0.7% |
| Contributions | 10/11 | €535,000 | €535,000 | = | 0.0% |
| Capital | 10 | €535,000 | €535,000 | = | 0.0% |
| Issued capital | 100 | €535,000 | €535,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€934,302 | -€931,465 | +€2,836 | +0.3% |
| Amounts payable | 17/49 | €462,062 | €461,044 | -€1,018 | -0.2% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €355,859 | €354,841 | -€1,018 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €14,583 | - | -€14,583 | |
| Financial debts | 43 | €140,593 | - | -€140,593 | |
| Credit institutions | 430/8 | €140,593 | - | -€140,593 | |
| Trade debts | 44 | €2,356 | €5,177 | +€2,821 | +119.7% |
| Suppliers | 440/4 | €2,356 | €5,177 | +€2,821 | +119.7% |
| Taxes, remuneration and social security | 45 | €2,314 | €4,640 | +€2,326 | +100.5% |
| Taxes | 450/3 | €2,314 | €4,640 | +€2,326 | +100.5% |
| Other amounts payable | 47/48 | €196,012 | €345,025 | +€149,013 | +76.0% |
| Accrued charges and deferred income | 492/3 | €6,203 | €6,203 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €191 | -€84 | -30.7% |
| Other operating charges | 640/8 | €572 | €1,016 | +€444 | +77.7% |
| Gross operating margin | 9900 | €10,135 | €8,925 | -€1,210 | -11.9% |
| Operating profit (loss) | 9901 | €9,288 | €7,718 | -€1,570 | -16.9% |
| Financial charges | 65/66B | €9,601 | €4,882 | -€4,719 | -49.2% |
| Recurring financial charges | 65 | €9,601 | €4,882 | -€4,719 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | -€313 | €2,836 | +€3,149 | |
| Profit (loss) for the period | 9904 | -€313 | €2,836 | +€3,149 | |
| Profit (loss) for the period to be appropriated | 9905 | -€313 | €2,836 | +€3,149 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.