2nd-line: 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.
2nd-line
Largest movements
- Cash -€19,822
down €19,822 (-56.4%), from €35,159 to €15,337
mainly Receivables within one year (-€13,279) and Net result for the year (-€10,048)
- Receivables within one year +€13,279
up €13,279 (+212.1%), from €6,260 to €19,539
of which Trade receivables: +€12,863
- Tangible fixed assets -€9,169
down €9,169 (-34.3%), from €26,707 to €17,537
of which Furniture and vehicles: -€8,218
- Deferred charges and accrued income -€7,134
down €7,134 (-82.0%), from €8,700 to €1,566
- Profit (loss) carried forward -€10,048
down €10,048 (-19.3%), from -€52,049 to -€62,097
- Debts after one year -€7,760
down €7,760 (-48.9%), from €15,871 to €8,112
- Other debts -€6,480
down €6,480 (-21.5%), from €30,100 to €23,620
- Tax, wage and social debts +€5,717
up €5,717 (+140.0%), from €4,083 to €9,800
of which Taxes: +€5,357
- Trade debts -€4,947
down €4,947 (-66.7%), from €7,419 to €2,472
- Financial charges -€46,196
down €46,196 (-96.1%), from €48,051 to €1,855
- Gross operating margin -€4,682
down €4,682 (-62.6%), from €7,474 to €2,792
- Staff costs -€493
down €493 (-30.9%), from €1,597 to €1,104
- Depreciation -€280
down €280 (-3.0%), from €9,450 to €9,169
- Financial income -€195
down €195 (-100.0%), from €195 to €0
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 | €76,825 | €53,979 | -€22,846 | -29.7% |
| Fixed assets | 21/28 | €26,707 | €17,537 | -€9,169 | -34.3% |
| Tangible fixed assets | 22/27 | €26,707 | €17,537 | -€9,169 | -34.3% |
| Plant, machinery and equipment | 23 | €1,605 | €831 | -€774 | -48.2% |
| Furniture and vehicles | 24 | €24,924 | €16,706 | -€8,218 | -33.0% |
| Other tangible fixed assets | 26 | €178 | €0 | -€178 | -100.0% |
| Current assets | 29/58 | €50,119 | €36,442 | -€13,677 | -27.3% |
| Amounts receivable within one year | 40/41 | €6,260 | €19,539 | +€13,279 | +212.1% |
| Trade receivables | 40 | €0 | €12,863 | +€12,863 | |
| Other amounts receivable | 41 | €6,260 | €6,676 | +€416 | +6.6% |
| Cash at bank and in hand | 54/58 | €35,159 | €15,337 | -€19,822 | -56.4% |
| Deferred charges and accrued income | 490/1 | €8,700 | €1,566 | -€7,134 | -82.0% |
| Total equity and liabilities | 10/49 | €76,825 | €53,979 | -€22,846 | -29.7% |
| Equity | 10/15 | €11,930 | €1,882 | -€10,048 | -84.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €45,387 | €45,387 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €45,387 | €45,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,049 | -€62,097 | -€10,048 | -19.3% |
| Amounts payable | 17/49 | €64,895 | €52,098 | -€12,798 | -19.7% |
| Amounts payable after more than one year | 17 | €15,871 | €8,112 | -€7,760 | -48.9% |
| Financial debts | 170/4 | €15,871 | €8,112 | -€7,760 | -48.9% |
| Amounts payable within one year | 42/48 | €49,024 | €43,986 | -€5,038 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €7,422 | €8,094 | +€672 | +9.0% |
| Trade debts | 44 | €7,419 | €2,472 | -€4,947 | -66.7% |
| Suppliers | 440/4 | €7,419 | €2,472 | -€4,947 | -66.7% |
| Taxes, remuneration and social security | 45 | €4,083 | €9,800 | +€5,717 | +140.0% |
| Taxes | 450/3 | €0 | €5,357 | +€5,357 | |
| Remuneration and social security | 454/9 | €4,083 | €4,443 | +€360 | +8.8% |
| Other amounts payable | 47/48 | €30,100 | €23,620 | -€6,480 | -21.5% |
| Remuneration, social security and pensions | 62 | €1,597 | €1,104 | -€493 | -30.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,450 | €9,169 | -€280 | -3.0% |
| Other operating charges | 640/8 | €492 | €580 | +€88 | +18.0% |
| Gross operating margin | 9900 | €7,474 | €2,792 | -€4,682 | -62.6% |
| Operating profit (loss) | 9901 | -€4,064 | -€8,061 | -€3,997 | -98.3% |
| Financial income | 75/76B | €195 | €0 | -€195 | -100.0% |
| Recurring financial income | 75 | €195 | €0 | -€195 | -100.0% |
| Financial charges | 65/66B | €48,051 | €1,855 | -€46,196 | -96.1% |
| Recurring financial charges | 65 | €48,051 | €1,855 | -€46,196 | -96.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,921 | -€9,916 | +€42,005 | +80.9% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€52,049 | -€10,048 | +€42,001 | +80.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€52,049 | -€10,048 | +€42,001 | +80.7% |
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 7 October 2026 via checked.be.