2ndlife: 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.
2ndlife
Largest movements
- Tangible fixed assets -€36,971
down €36,971 (-30.4%), from €121,491 to €84,520
- Receivables within one year -€8,438
down €8,438 (-11.4%), from €74,312 to €65,874
of which Trade receivables: -€9,395
- Cash -€7,246
down €7,246 (-35.1%), from €20,636 to €13,389
mainly Net result for the year (-€16,338) and Debts after one year (-€16,229)
- Deferred charges and accrued income +€2,860
up €2,860 (+50.6%), from €5,654 to €8,514
- Debts after one year -€16,229
down €16,229 (-41.0%), from €39,616 to €23,388
- Profit (loss) carried forward -€14,561
down €14,561 (-36.6%), from €39,770 to €25,209
- Current portion of long-term debt -€10,017
down €10,017 (-38.2%), from €26,246 to €16,229
- Tax, wage and social debts -€3,323
down €3,323 (-47.4%), from €7,009 to €3,686
- Accrued charges and deferred income -€2,330
down €2,330 (-100%), from €2,330 to €0
- Gross operating margin -€62,124
down €62,124 (-69.3%), from €89,580 to €27,456
- Taxes -€10,917
down €10,917 (-98.5%), from €11,078 to €161
- Depreciation +€5,692
up €5,692 (+15.1%), from €37,746 to €43,439
- Financial income +€1,475
up €1,475 (+231%), from €639 to €2,114
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 | €223,604 | €174,184 | -€49,420 | -22.1% |
| Fixed assets | 21/28 | €121,491 | €84,520 | -€36,971 | -30.4% |
| Tangible fixed assets | 22/27 | €121,491 | €84,520 | -€36,971 | -30.4% |
| Land and buildings | 22 | €13,158 | €9,713 | -€3,446 | -26.2% |
| Plant, machinery and equipment | 23 | €20,560 | €16,387 | -€4,172 | -20.3% |
| Furniture and vehicles | 24 | €64,041 | €47,852 | -€16,188 | -25.3% |
| Leasing and similar rights | 25 | €23,732 | €10,568 | -€13,165 | -55.5% |
| Current assets | 29/58 | €102,113 | €89,664 | -€12,449 | -12.2% |
| Stocks and contracts in progress | 3 | €1,512 | €1,887 | +€375 | +24.8% |
| Stocks | 30/36 | €1,512 | €1,887 | +€375 | +24.8% |
| Amounts receivable within one year | 40/41 | €74,312 | €65,874 | -€8,438 | -11.4% |
| Trade receivables | 40 | €74,077 | €64,682 | -€9,395 | -12.7% |
| Other amounts receivable | 41 | €235 | €1,192 | +€957 | +408% |
| Cash at bank and in hand | 54/58 | €20,636 | €13,389 | -€7,246 | -35.1% |
| Deferred charges and accrued income | 490/1 | €5,654 | €8,514 | +€2,860 | +50.6% |
| Total equity and liabilities | 10/49 | €223,604 | €174,184 | -€49,420 | -22.1% |
| Equity | 10/15 | €143,721 | €127,383 | -€16,338 | -11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,751 | €95,974 | -€1,777 | -1.8% |
| Tax-exempt reserves | 132 | €7,024 | €5,248 | -€1,777 | -25.3% |
| Distributable reserves | 133 | €90,727 | €90,727 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,770 | €25,209 | -€14,561 | -36.6% |
| Provisions and deferred taxes | 16 | €4,683 | €3,498 | -€1,185 | -25.3% |
| Deferred taxes | 168 | €4,683 | €3,498 | -€1,185 | -25.3% |
| Amounts payable | 17/49 | €75,200 | €43,302 | -€31,898 | -42.4% |
| Amounts payable after more than one year | 17 | €39,616 | €23,388 | -€16,229 | -41.0% |
| Financial debts | 170/4 | €39,616 | €23,388 | -€16,229 | -41.0% |
| Amounts payable within one year | 42/48 | €33,254 | €19,915 | -€13,340 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €26,246 | €16,229 | -€10,017 | -38.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,009 | €3,686 | -€3,323 | -47.4% |
| Taxes | 450/3 | €7,009 | €3,686 | -€3,323 | -47.4% |
| Accrued charges and deferred income | 492/3 | €2,330 | €0 | -€2,330 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,746 | €43,439 | +€5,692 | +15.1% |
| Other operating charges | 640/8 | €1,875 | €1,067 | -€808 | -43.1% |
| Gross operating margin | 9900 | €89,580 | €27,456 | -€62,124 | -69.3% |
| Operating profit (loss) | 9901 | €49,959 | -€17,049 | -€67,008 | |
| Financial income | 75/76B | €639 | €2,114 | +€1,475 | +231% |
| Recurring financial income | 75 | €639 | €2,114 | +€1,475 | +231% |
| Financial charges | 65/66B | €2,712 | €2,426 | -€286 | -10.5% |
| Recurring financial charges | 65 | €2,712 | €2,426 | -€286 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €47,886 | -€17,361 | -€65,247 | |
| Transfer from deferred taxes | 780 | €1,185 | €1,185 | = | 0.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €11,078 | €161 | -€10,917 | -98.5% |
| Profit (loss) for the period | 9904 | €37,993 | -€16,338 | -€54,331 | |
| Transfer from tax-exempt reserves | 789 | €1,777 | €1,777 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €39,770 | -€14,561 | -€54,331 |
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.