45Degrees: 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.
45Degrees
Largest movements
- Financial fixed assets +€79,595
up €79,595 (+53.1%), from €150,000 to €229,595
- Receivables within one year -€53,232
down €53,232 (-10.5%), from €505,794 to €452,563
of which Trade receivables: -€29,459
- Other debts +€39,863
new in 2025: €39,863
- Tax, wage and social debts -€15,457
down €15,457 (-71.8%), from €21,523 to €6,065
- Profit (loss) carried forward +€8,287
up €8,287 (+78,703%), from €11 to €8,298
- Trade debts -€7,538
down €7,538 (-2.5%), from €302,929 to €295,392
- Purchases and services -€73,309
down €73,309 (-2.9%), from €2.5m to €2.4m
- Turnover -€35,858
down €35,858 (-1.5%), from €2.5m to €2.4m
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 | €665,552 | €690,618 | +€25,065 | +3.8% |
| Fixed assets | 21/28 | €153,030 | €231,154 | +€78,125 | +51.1% |
| Tangible fixed assets | 22/27 | €3,030 | €1,559 | -€1,470 | -48.5% |
| Plant, machinery and equipment | 23 | €3,030 | €1,559 | -€1,470 | -48.5% |
| Financial fixed assets | 28 | €150,000 | €229,595 | +€79,595 | +53.1% |
| Current assets | 29/58 | €512,523 | €459,463 | -€53,059 | -10.4% |
| Amounts receivable within one year | 40/41 | €505,794 | €452,563 | -€53,232 | -10.5% |
| Trade receivables | 40 | €482,022 | €452,563 | -€29,459 | -6.1% |
| Other amounts receivable | 41 | €23,773 | - | -€23,773 | |
| Cash at bank and in hand | 54/58 | €5,939 | €5,918 | -€21 | -0.4% |
| Deferred charges and accrued income | 490/1 | €789 | €983 | +€193 | +24.5% |
| Total equity and liabilities | 10/49 | €665,552 | €690,618 | +€25,065 | +3.8% |
| Equity | 10/15 | €341,101 | €349,298 | +€8,197 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €279,090 | €279,000 | -€90 | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,890 | - | -€37,890 | |
| Distributable reserves | 133 | €235,000 | €272,800 | +€37,800 | +16.1% |
| Profit (loss) carried forward | 14 | €11 | €8,298 | +€8,287 | +78,703% |
| Amounts payable | 17/49 | €324,452 | €341,320 | +€16,868 | +5.2% |
| Amounts payable within one year | 42/48 | €324,452 | €341,320 | +€16,868 | +5.2% |
| Trade debts | 44 | €302,929 | €295,392 | -€7,538 | -2.5% |
| Suppliers | 440/4 | €302,929 | €295,392 | -€7,538 | -2.5% |
| Taxes, remuneration and social security | 45 | €21,523 | €6,065 | -€15,457 | -71.8% |
| Taxes | 450/3 | €21,523 | €6,065 | -€15,457 | -71.8% |
| Other amounts payable | 47/48 | - | €39,863 | +€39,863 | |
| Turnover | 70 | €2,468,355 | €2,432,498 | -€35,858 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,496,332 | €2,423,023 | -€73,309 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,344 | €1,470 | -€874 | -37.3% |
| Other operating charges | 640/8 | €945 | €649 | -€296 | -31.3% |
| Non-recurring operating charges | 66A | €610 | - | -€610 | |
| Gross operating margin | 9900 | €6,099 | €17,947 | +€11,848 | +194% |
| Operating profit (loss) | 9901 | €2,201 | €15,828 | +€13,627 | +619% |
| Financial income | 75/76B | €2,649 | €91 | -€2,558 | -96.6% |
| Recurring financial income | 75 | €2,649 | €91 | -€2,558 | -96.6% |
| Financial charges | 65/66B | €2,546 | €4,302 | +€1,755 | +68.9% |
| Recurring financial charges | 65 | €2,546 | €4,302 | +€1,755 | +68.9% |
| Profit (loss) for the period before taxes | 9903 | €2,303 | €11,618 | +€9,314 | +404% |
| Income taxes | 67/77 | €1,028 | €3,420 | +€2,392 | +233% |
| Profit (loss) for the period | 9904 | €1,276 | €8,197 | +€6,922 | +543% |
| Transfer from tax-exempt reserves | 789 | - | €37,890 | +€37,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,276 | €46,087 | +€44,812 | +3,513% |
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 15 October 2026 via checked.be.