2Concepts: 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.
2Concepts
Largest movements
- Receivables within one year -€17,651
down €17,651 (-76.0%), from €23,230 to €5,579
of which Other amounts receivable: -€10,651
- Tangible fixed assets -€10,666
down €10,666 (-32.7%), from €32,666 to €22,001
of which Furniture and vehicles: -€8,597
- Cash -€10,463
down €10,463 (-6.9%), from €152,576 to €142,113
mainly Other debts (-€30,950) and Contributions, distributions and other (-€17,491)
- Deferred charges and accrued income +€3,000
new in 2025: €3,000
- Other debts -€30,950
down €30,950 (-65.5%), from €47,221 to €16,270
- Debts after one year -€10,248
down €10,248 (-91.5%), from €11,198 to €951
- Tax, wage and social debts +€2,914
up €2,914 (+23.2%), from €12,556 to €15,470
of which Remuneration and social security: +€3,600
- Trade debts +€2,876
up €2,876 (+97.5%), from €2,952 to €5,828
- Gross operating margin -€38,943
down €38,943 (-56.9%), from €68,473 to €29,530
- Taxes -€16,641
down €16,641 (-95.4%), from €17,452 to €810
- Financial charges -€1,800
down €1,800 (-59.8%), from €3,010 to €1,210
- Other operating charges -€1,385
down €1,385 (-62.0%), from €2,235 to €850
- Financial income -€1,087
down €1,087 (-42.1%), from €2,584 to €1,497
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 | €209,085 | €173,171 | -€35,915 | -17.2% |
| Fixed assets | 21/28 | €32,666 | €22,001 | -€10,666 | -32.7% |
| Tangible fixed assets | 22/27 | €32,666 | €22,001 | -€10,666 | -32.7% |
| Plant, machinery and equipment | 23 | €7,744 | €5,676 | -€2,068 | -26.7% |
| Furniture and vehicles | 24 | €24,922 | €16,325 | -€8,597 | -34.5% |
| Current assets | 29/58 | €176,419 | €151,170 | -€25,249 | -14.3% |
| Stocks and contracts in progress | 3 | €613 | €478 | -€135 | -22.0% |
| Stocks | 30/36 | €613 | €478 | -€135 | -22.0% |
| Amounts receivable within one year | 40/41 | €23,230 | €5,579 | -€17,651 | -76.0% |
| Trade receivables | 40 | €12,184 | €5,184 | -€7,000 | -57.5% |
| Other amounts receivable | 41 | €11,046 | €395 | -€10,651 | -96.4% |
| Cash at bank and in hand | 54/58 | €152,576 | €142,113 | -€10,463 | -6.9% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €209,085 | €173,171 | -€35,915 | -17.2% |
| Equity | 10/15 | €124,404 | €124,404 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €105,804 | €105,804 | = | 0.0% |
| Distributable reserves | 133 | €105,804 | €105,804 | = | 0.0% |
| Amounts payable | 17/49 | €84,681 | €48,767 | -€35,915 | -42.4% |
| Amounts payable after more than one year | 17 | €11,198 | €951 | -€10,248 | -91.5% |
| Financial debts | 170/4 | €11,198 | €951 | -€10,248 | -91.5% |
| Amounts payable within one year | 42/48 | €73,483 | €47,816 | -€25,667 | -34.9% |
| Current portion of amounts payable after more than one year | 42 | €10,754 | €10,248 | -€507 | -4.7% |
| Trade debts | 44 | €2,952 | €5,828 | +€2,876 | +97.5% |
| Suppliers | 440/4 | €2,952 | €5,828 | +€2,876 | +97.5% |
| Taxes, remuneration and social security | 45 | €12,556 | €15,470 | +€2,914 | +23.2% |
| Taxes | 450/3 | €12,556 | €11,870 | -€686 | -5.5% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €47,221 | €16,270 | -€30,950 | -65.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,015 | €10,666 | -€349 | -3.2% |
| Other operating charges | 640/8 | €2,235 | €850 | -€1,385 | -62.0% |
| Non-recurring operating charges | 66A | €3,882 | - | -€3,882 | |
| Gross operating margin | 9900 | €68,473 | €29,530 | -€38,943 | -56.9% |
| Operating profit (loss) | 9901 | €51,340 | €18,014 | -€33,327 | -64.9% |
| Financial income | 75/76B | €2,584 | €1,497 | -€1,087 | -42.1% |
| Recurring financial income | 75 | €2,584 | €1,497 | -€1,087 | -42.1% |
| Financial charges | 65/66B | €3,010 | €1,210 | -€1,800 | -59.8% |
| Recurring financial charges | 65 | €3,010 | €1,210 | -€1,800 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €50,914 | €18,301 | -€32,613 | -64.1% |
| Income taxes | 67/77 | €17,452 | €810 | -€16,641 | -95.4% |
| Profit (loss) for the period | 9904 | €33,463 | €17,491 | -€15,972 | -47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,463 | €17,491 | -€15,972 | -47.7% |
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 14 October 2026 via checked.be.