2013 TRADING: 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.
2013 TRADING
Largest movements
- Stocks and contracts -€25,834
down €25,834 (-60.3%), from €42,856 to €17,021
- Tangible fixed assets +€14,776
up €14,776 (+68.5%), from €21,580 to €36,356
of which Furniture and vehicles: +€17,186
- Intangible fixed assets -€1,370
down €1,370 (-33.3%), from €4,110 to €2,740
- Cash +€891
up €891 (+7.2%), from €12,445 to €13,336
mainly Stocks and contracts (+€25,834) and Depreciation (+€19,869)
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Profit (loss) carried forward +€15,648
up €15,648 (+35.7%), from -€43,813 to -€28,165
- Other debts +€11,570
new in 2025: €11,570
- Current portion of long-term debt +€7,541
up €7,541 (+126%), from €5,971 to €13,512
- Trade debts +€2,939
new in 2025: €2,939
- Gross operating margin +€38,000
up €38,000 (+62.1%), from €61,236 to €99,235
- Staff costs +€24,866
up €24,866 (+79.7%), from €31,212 to €56,078
- Depreciation +€5,884
up €5,884 (+42.1%), from €13,985 to €19,869
- Financial charges -€1,002
down €1,002 (-13.0%), from €7,720 to €6,718
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 | €81,222 | €69,877 | -€11,345 | -14.0% |
| Fixed assets | 21/28 | €25,690 | €39,096 | +€13,406 | +52.2% |
| Intangible fixed assets | 21 | €4,110 | €2,740 | -€1,370 | -33.3% |
| Tangible fixed assets | 22/27 | €21,580 | €36,356 | +€14,776 | +68.5% |
| Plant, machinery and equipment | 23 | €4,500 | €3,000 | -€1,500 | -33.3% |
| Furniture and vehicles | 24 | €8,099 | €25,285 | +€17,186 | +212% |
| Other tangible fixed assets | 26 | €8,981 | €8,071 | -€910 | -10.1% |
| Current assets | 29/58 | €55,532 | €30,781 | -€24,751 | -44.6% |
| Stocks and contracts in progress | 3 | €42,856 | €17,021 | -€25,834 | -60.3% |
| Stocks | 30/36 | €42,856 | €17,021 | -€25,834 | -60.3% |
| Cash at bank and in hand | 54/58 | €12,445 | €13,336 | +€891 | +7.2% |
| Deferred charges and accrued income | 490/1 | €231 | €424 | +€192 | +83.1% |
| Total equity and liabilities | 10/49 | €81,222 | €69,877 | -€11,345 | -14.0% |
| Equity | 10/15 | -€14,581 | €1,067 | +€15,648 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,632 | €10,632 | = | 0.0% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Distributable reserves | 133 | €10,432 | €10,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,813 | -€28,165 | +€15,648 | +35.7% |
| Amounts payable | 17/49 | €95,802 | €68,810 | -€26,993 | -28.2% |
| Amounts payable after more than one year | 17 | €30,310 | €28,631 | -€1,679 | -5.5% |
| Financial debts | 170/4 | €30,310 | €28,631 | -€1,679 | -5.5% |
| Amounts payable within one year | 42/48 | €65,374 | €38,370 | -€27,004 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €5,971 | €13,512 | +€7,541 | +126% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | - | €2,939 | +€2,939 | |
| Suppliers | 440/4 | - | €2,939 | +€2,939 | |
| Taxes, remuneration and social security | 45 | €9,403 | €10,348 | +€945 | +10.1% |
| Taxes | 450/3 | €9,403 | €10,348 | +€945 | +10.1% |
| Other amounts payable | 47/48 | - | €11,570 | +€11,570 | |
| Accrued charges and deferred income | 492/3 | €118 | €1,809 | +€1,691 | +1,432% |
| Remuneration, social security and pensions | 62 | €31,212 | €56,078 | +€24,866 | +79.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,985 | €19,869 | +€5,884 | +42.1% |
| Other operating charges | 640/8 | €111 | €101 | -€10 | -8.6% |
| Gross operating margin | 9900 | €61,236 | €99,235 | +€38,000 | +62.1% |
| Operating profit (loss) | 9901 | €15,928 | €23,187 | +€7,259 | +45.6% |
| Financial charges | 65/66B | €7,720 | €6,718 | -€1,002 | -13.0% |
| Recurring financial charges | 65 | €7,720 | €6,718 | -€1,002 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €8,208 | €16,469 | +€8,261 | +101% |
| Income taxes | 67/77 | - | €821 | +€821 | |
| Profit (loss) for the period | 9904 | €8,208 | €15,648 | +€7,440 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,208 | €15,648 | +€7,440 | +90.6% |
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 19 October 2026 via checked.be.