32 décembre: 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.
32 décembre
Largest movements
- Cash -€1,820
down €1,820 (-7.6%), from €23,999 to €22,179
mainly Current portion of long-term debt (-€7,546) and Tax, wage and social debts (-€1,192)
- Profit (loss) carried forward +€7,768
up €7,768 (+56.0%), from -€13,875 to -€6,107
- Current portion of long-term debt -€7,546
no longer reported in 2025 (was €7,546)
- Tax, wage and social debts -€1,192
down €1,192 (-12.9%), from €9,266 to €8,074
of which Remuneration and social security: -€1,000
- Gross operating margin -€45,573
down €45,573 (-71.7%), from €63,524 to €17,951
- Other operating charges -€36,300
down €36,300 (-97.6%), from €37,201 to €901
- Depreciation -€3,766
down €3,766 (-96.8%), from €3,889 to €123
- Taxes +€3,611
up €3,611 (+344%), from €1,050 to €4,661
- Financial charges +€1,995
up €1,995 (+578%), from €345 to €2,340
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 | €45,612 | €44,208 | -€1,404 | -3.1% |
| Fixed assets | 21/28 | €56 | €376 | +€320 | +571% |
| Tangible fixed assets | 22/27 | - | €320 | +€320 | |
| Plant, machinery and equipment | 23 | - | €320 | +€320 | |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €45,556 | €43,832 | -€1,724 | -3.8% |
| Amounts receivable within one year | 40/41 | €20,939 | €20,953 | +€14 | +0.1% |
| Trade receivables | 40 | €14,989 | €14,153 | -€836 | -5.6% |
| Other amounts receivable | 41 | €5,950 | €6,800 | +€850 | +14.3% |
| Cash at bank and in hand | 54/58 | €23,999 | €22,179 | -€1,820 | -7.6% |
| Deferred charges and accrued income | 490/1 | €618 | €700 | +€82 | +13.3% |
| Total equity and liabilities | 10/49 | €45,612 | €44,208 | -€1,404 | -3.1% |
| Equity | 10/15 | -€6,342 | €1,426 | +€7,768 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €1,333 | €1,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,333 | €1,333 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,333 | €1,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,875 | -€6,107 | +€7,768 | +56.0% |
| Amounts payable | 17/49 | €51,954 | €42,782 | -€9,172 | -17.7% |
| Amounts payable within one year | 42/48 | €51,954 | €42,782 | -€9,172 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €7,546 | - | -€7,546 | |
| Trade debts | 44 | €514 | €357 | -€157 | -30.5% |
| Suppliers | 440/4 | €514 | €357 | -€157 | -30.5% |
| Taxes, remuneration and social security | 45 | €9,266 | €8,074 | -€1,192 | -12.9% |
| Taxes | 450/3 | €7,966 | €7,774 | -€192 | -2.4% |
| Remuneration and social security | 454/9 | €1,300 | €300 | -€1,000 | -76.9% |
| Other amounts payable | 47/48 | €34,628 | €34,351 | -€277 | -0.8% |
| Remuneration, social security and pensions | 62 | €2,139 | €2,158 | +€19 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,889 | €123 | -€3,766 | -96.8% |
| Other operating charges | 640/8 | €37,201 | €901 | -€36,300 | -97.6% |
| Gross operating margin | 9900 | €63,524 | €17,951 | -€45,573 | -71.7% |
| Operating profit (loss) | 9901 | €20,295 | €14,769 | -€5,526 | -27.2% |
| Financial charges | 65/66B | €345 | €2,340 | +€1,995 | +578% |
| Recurring financial charges | 65 | €345 | €2,340 | +€1,995 | +578% |
| Profit (loss) for the period before taxes | 9903 | €19,950 | €12,429 | -€7,521 | -37.7% |
| Income taxes | 67/77 | €1,050 | €4,661 | +€3,611 | +344% |
| Profit (loss) for the period | 9904 | €18,900 | €7,768 | -€11,132 | -58.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,900 | €7,768 | -€11,132 | -58.9% |
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 21 October 2026 via checked.be.