2 + 4: 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.
2 + 4
Largest movements
- Tangible fixed assets -€20,195
down €20,195 (-25.5%), from €79,164 to €58,968
of which Other tangible fixed assets: -€26,283
- Other debts -€85,771
down €85,771 (-82.5%), from €104,026 to €18,255
- Profit (loss) carried forward +€59,311
up €59,311, from -€59,311 to €0
- Debts after one year -€18,252
down €18,252 (-78.8%), from €23,171 to €4,919
- Short-term financial debts +€9,091
new in 2025: €9,091
- Tax, wage and social debts +€7,702
up €7,702 (+110.8%), from €6,953 to €14,656
of which Taxes: +€7,702
- Taxes +€14,092
up €14,092 (+1553.9%), from €907 to €14,999
- Gross operating margin +€6,386
up €6,386 (+5.8%), from €109,348 to €115,734
- Financial charges +€1,760
up €1,760 (+123.6%), from €1,424 to €3,184
- Depreciation +€1,466
up €1,466 (+4.9%), from €29,788 to €31,254
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 | €116,545 | €96,561 | -€19,983 | -17.1% |
| Fixed assets | 21/28 | €80,164 | €59,968 | -€20,195 | -25.2% |
| Tangible fixed assets | 22/27 | €79,164 | €58,968 | -€20,195 | -25.5% |
| Plant, machinery and equipment | 23 | €1,315 | €7,898 | +€6,583 | +500.7% |
| Furniture and vehicles | 24 | €621 | €125 | -€496 | -79.9% |
| Other tangible fixed assets | 26 | €77,228 | €50,945 | -€26,283 | -34.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €36,381 | €36,593 | +€212 | +0.6% |
| Amounts receivable within one year | 40/41 | €30,915 | €30,683 | -€232 | -0.8% |
| Trade receivables | 40 | €30,822 | €30,263 | -€559 | -1.8% |
| Other amounts receivable | 41 | €93 | €420 | +€327 | +351.0% |
| Cash at bank and in hand | 54/58 | €697 | €0 | -€697 | -100.0% |
| Deferred charges and accrued income | 490/1 | €4,770 | €5,910 | +€1,140 | +23.9% |
| Total equity and liabilities | 10/49 | €116,545 | €96,561 | -€19,983 | -17.1% |
| Equity | 10/15 | -€40,711 | €22,621 | +€63,332 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €4,021 | +€4,021 | |
| Distributable reserves | 133 | - | €4,021 | +€4,021 | |
| Profit (loss) carried forward | 14 | -€59,311 | €0 | +€59,311 | |
| Amounts payable | 17/49 | €157,255 | €73,940 | -€83,315 | -53.0% |
| Amounts payable after more than one year | 17 | €23,171 | €4,919 | -€18,252 | -78.8% |
| Financial debts | 170/4 | €23,171 | €4,919 | -€18,252 | -78.8% |
| Amounts payable within one year | 42/48 | €132,184 | €69,021 | -€63,163 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €17,812 | €18,252 | +€440 | +2.5% |
| Financial debts | 43 | - | €9,091 | +€9,091 | |
| Credit institutions | 430/8 | - | €9,091 | +€9,091 | |
| Trade debts | 44 | €3,392 | €8,766 | +€5,374 | +158.4% |
| Suppliers | 440/4 | €3,392 | €8,766 | +€5,374 | +158.4% |
| Taxes, remuneration and social security | 45 | €6,953 | €14,656 | +€7,702 | +110.8% |
| Taxes | 450/3 | €6,603 | €14,306 | +€7,702 | +116.6% |
| Remuneration and social security | 454/9 | €350 | €350 | = | 0.0% |
| Other amounts payable | 47/48 | €104,026 | €18,255 | -€85,771 | -82.5% |
| Accrued charges and deferred income | 492/3 | €1,900 | €0 | -€1,900 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,788 | €31,254 | +€1,466 | +4.9% |
| Other operating charges | 640/8 | €2,560 | €2,965 | +€405 | +15.8% |
| Gross operating margin | 9900 | €109,348 | €115,734 | +€6,386 | +5.8% |
| Operating profit (loss) | 9901 | €77,000 | €81,515 | +€4,515 | +5.9% |
| Financial income | 75/76B | €330 | €0 | -€330 | -100.0% |
| Recurring financial income | 75 | €330 | €0 | -€330 | -100.0% |
| Financial charges | 65/66B | €1,424 | €3,184 | +€1,760 | +123.6% |
| Recurring financial charges | 65 | €1,424 | €3,184 | +€1,760 | +123.6% |
| Profit (loss) for the period before taxes | 9903 | €75,906 | €78,331 | +€2,425 | +3.2% |
| Income taxes | 67/77 | €907 | €14,999 | +€14,092 | +1553.9% |
| Profit (loss) for the period | 9904 | €74,999 | €63,332 | -€11,667 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €74,999 | €63,332 | -€11,667 | -15.6% |
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 30 September 2026 via checked.be.