22T: 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.
22T
Largest movements
- Receivables within one year -€28,250
down €28,250 (-72.1%), from €39,199 to €10,949
of which Trade receivables: -€36,199
- Tangible fixed assets -€14,954
down €14,954 (-35.0%), from €42,681 to €27,726
of which Plant, machinery and equipment: -€8,880
- Cash +€2,617
up €2,617 (+3.5%), from €75,033 to €77,650
mainly Receivables within one year (+€28,250) and Other debts (+€17,429)
- Profit (loss) carried forward -€43,930
down €43,930 (-58.6%), from €74,958 to €31,028
- Other debts +€17,429
up €17,429 (+1,366%), from €1,276 to €18,705
- Debts after one year -€6,000
down €6,000 (-35.9%), from €16,731 to €10,731
- Tax, wage and social debts -€4,654
no longer reported in 2025 (was €4,654)
- Trade debts -€3,432
down €3,432 (-79.1%), from €4,339 to €908
- Gross operating margin -€71,401
down €71,401, from €37,078 to -€34,323
- Taxes -€3,221
down €3,221 (-86.6%), from €3,721 to €500
- Depreciation -€1,277
down €1,277 (-13.0%), from €9,792 to €8,514
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 | €157,412 | €116,826 | -€40,586 | -25.8% |
| Fixed assets | 21/28 | €42,681 | €27,726 | -€14,954 | -35.0% |
| Tangible fixed assets | 22/27 | €42,681 | €27,726 | -€14,954 | -35.0% |
| Plant, machinery and equipment | 23 | €14,050 | €5,170 | -€8,880 | -63.2% |
| Furniture and vehicles | 24 | €28,631 | €22,556 | -€6,075 | -21.2% |
| Current assets | 29/58 | €114,732 | €89,100 | -€25,632 | -22.3% |
| Amounts receivable within one year | 40/41 | €39,199 | €10,949 | -€28,250 | -72.1% |
| Trade receivables | 40 | €36,199 | - | -€36,199 | |
| Other amounts receivable | 41 | €3,000 | €10,949 | +€7,949 | +265% |
| Cash at bank and in hand | 54/58 | €75,033 | €77,650 | +€2,617 | +3.5% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €157,412 | €116,826 | -€40,586 | -25.8% |
| Equity | 10/15 | €124,412 | €80,483 | -€43,930 | -35.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €45,455 | €45,455 | = | 0.0% |
| Distributable reserves | 133 | €45,455 | €45,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,958 | €31,028 | -€43,930 | -58.6% |
| Amounts payable | 17/49 | €33,000 | €36,343 | +€3,343 | +10.1% |
| Amounts payable after more than one year | 17 | €16,731 | €10,731 | -€6,000 | -35.9% |
| Financial debts | 170/4 | €16,731 | €10,731 | -€6,000 | -35.9% |
| Amounts payable within one year | 42/48 | €16,269 | €25,612 | +€9,343 | +57.4% |
| Current portion of amounts payable after more than one year | 42 | €6,000 | €6,000 | = | 0.0% |
| Trade debts | 44 | €4,339 | €908 | -€3,432 | -79.1% |
| Suppliers | 440/4 | €4,339 | €908 | -€3,432 | -79.1% |
| Taxes, remuneration and social security | 45 | €4,654 | - | -€4,654 | |
| Taxes | 450/3 | €4,654 | - | -€4,654 | |
| Other amounts payable | 47/48 | €1,276 | €18,705 | +€17,429 | +1,366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,792 | €8,514 | -€1,277 | -13.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €37,078 | -€34,323 | -€71,401 | |
| Operating profit (loss) | 9901 | €26,781 | -€43,357 | -€70,138 | |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €83 | €109 | +€26 | +31.6% |
| Recurring financial charges | 65 | €83 | €109 | +€26 | +31.6% |
| Profit (loss) for the period before taxes | 9903 | €26,698 | -€43,430 | -€70,128 | |
| Income taxes | 67/77 | €3,721 | €500 | -€3,221 | -86.6% |
| Profit (loss) for the period | 9904 | €22,977 | -€43,930 | -€66,907 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,977 | -€43,930 | -€66,907 |
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 13 October 2026 via checked.be.