22KG: 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.
22KG
Largest movements
- Cash -€43,954
down €43,954 (-76.0%), from €57,823 to €13,869
mainly Net result for the year (-€49,622) and Trade debts (-€32,277)
- Stocks and contracts +€27,307
up €27,307 (+143.7%), from €18,997 to €46,303
- Receivables within one year -€16,816
down €16,816 (-41.0%), from €41,014 to €24,198
of which Other amounts receivable: -€17,132
- Deferred charges and accrued income +€2,170
new in 2025: €2,170
- Profit (loss) carried forward -€49,622
down €49,622, from €628 to -€48,993
- Trade debts -€32,277
down €32,277 (-77.7%), from €41,529 to €9,252
- Debts after one year +€15,720
up €15,720 (+251.2%), from €6,258 to €21,978
- Short-term financial debts +€14,011
new in 2025: €14,011
- Current portion of long-term debt +€11,826
new in 2025: €11,826
- Gross operating margin -€91,697
down €91,697, from €63,850 to -€27,847
- Taxes -€16,553
down €16,553 (-97.3%), from €17,020 to €467
- Financial charges +€4,715
up €4,715 (+48.0%), from €9,827 to €14,542
- Staff costs +€958
up €958 (+192.5%), from €498 to €1,455
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 | €119,636 | €87,442 | -€32,194 | -26.9% |
| Fixed assets | 21/28 | €1,802 | €903 | -€899 | -49.9% |
| Tangible fixed assets | 22/27 | €1,802 | €903 | -€899 | -49.9% |
| Plant, machinery and equipment | 23 | €1,802 | €903 | -€899 | -49.9% |
| Current assets | 29/58 | €117,834 | €86,539 | -€31,294 | -26.6% |
| Stocks and contracts in progress | 3 | €18,997 | €46,303 | +€27,307 | +143.7% |
| Stocks | 30/36 | €18,997 | €46,303 | +€27,307 | +143.7% |
| Amounts receivable within one year | 40/41 | €41,014 | €24,198 | -€16,816 | -41.0% |
| Trade receivables | 40 | - | €316 | +€316 | |
| Other amounts receivable | 41 | €41,014 | €23,882 | -€17,132 | -41.8% |
| Cash at bank and in hand | 54/58 | €57,823 | €13,869 | -€43,954 | -76.0% |
| Deferred charges and accrued income | 490/1 | - | €2,170 | +€2,170 | |
| Total equity and liabilities | 10/49 | €119,636 | €87,442 | -€32,194 | -26.9% |
| Equity | 10/15 | €34,345 | -€15,277 | -€49,622 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €31,716 | €31,716 | = | 0.0% |
| Distributable reserves | 133 | €31,716 | €31,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | €628 | -€48,993 | -€49,622 | |
| Amounts payable | 17/49 | €85,291 | €102,719 | +€17,428 | +20.4% |
| Amounts payable after more than one year | 17 | €6,258 | €21,978 | +€15,720 | +251.2% |
| Other amounts payable | 178/9 | €6,258 | €21,978 | +€15,720 | +251.2% |
| Amounts payable within one year | 42/48 | €79,033 | €80,741 | +€1,708 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | - | €11,826 | +€11,826 | |
| Financial debts | 43 | - | €14,011 | +€14,011 | |
| Credit institutions | 430/8 | - | €14,011 | +€14,011 | |
| Trade debts | 44 | €41,529 | €9,252 | -€32,277 | -77.7% |
| Suppliers | 440/4 | €41,529 | €9,252 | -€32,277 | -77.7% |
| Taxes, remuneration and social security | 45 | €37,505 | €45,653 | +€8,148 | +21.7% |
| Taxes | 450/3 | €37,505 | €45,653 | +€8,148 | +21.7% |
| Remuneration, social security and pensions | 62 | €498 | €1,455 | +€958 | +192.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711 | €899 | +€188 | +26.4% |
| Other operating charges | 640/8 | €4,078 | €4,412 | +€334 | +8.2% |
| Gross operating margin | 9900 | €63,850 | -€27,847 | -€91,697 | |
| Operating profit (loss) | 9901 | €58,563 | -€34,613 | -€93,176 | |
| Financial charges | 65/66B | €9,827 | €14,542 | +€4,715 | +48.0% |
| Recurring financial charges | 65 | €9,827 | €14,542 | +€4,715 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €48,736 | -€49,155 | -€97,891 | |
| Income taxes | 67/77 | €17,020 | €467 | -€16,553 | -97.3% |
| Profit (loss) for the period | 9904 | €31,716 | -€49,622 | -€81,338 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,716 | -€49,622 | -€81,338 |
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.