50-fifty: 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.
50-fifty
Largest movements
- Tangible fixed assets -€8,016
down €8,016 (-24.2%), from €33,161 to €25,144
of which Other tangible fixed assets: -€7,175
- Cash -€1,862
down €1,862 (-28.5%), from €6,534 to €4,672
mainly Current portion of long-term debt (-€6,933) and Other debts (-€4,656)
- Receivables within one year +€752
up €752 (+254%), from €296 to €1,049
of which Trade receivables: +€714
- Current portion of long-term debt -€6,933
down €6,933 (-65.2%), from €10,640 to €3,707
- Profit (loss) carried forward +€6,456
up €6,456, from -€4,128 to €2,328
- Other debts -€4,656
down €4,656 (-40.0%), from €11,634 to €6,978
- Debts after one year -€3,707
down €3,707 (-100%), from €3,707 to €0
- Trade debts -€797
down €797 (-19.9%), from €4,013 to €3,216
- Gross operating margin -€5,771
down €5,771 (-17.8%), from €32,508 to €26,738
- Staff costs -€4,093
down €4,093 (-33.5%), from €12,216 to €8,123
- Financial charges -€906
down €906 (-39.8%), from €2,278 to €1,371
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 | €50,914 | €41,283 | -€9,630 | -18.9% |
| Fixed assets | 21/28 | €38,050 | €30,034 | -€8,016 | -21.1% |
| Tangible fixed assets | 22/27 | €33,161 | €25,144 | -€8,016 | -24.2% |
| Plant, machinery and equipment | 23 | €4,461 | €3,620 | -€842 | -18.9% |
| Other tangible fixed assets | 26 | €28,700 | €21,525 | -€7,175 | -25.0% |
| Financial fixed assets | 28 | €4,889 | €4,889 | = | 0.0% |
| Current assets | 29/58 | €12,864 | €11,250 | -€1,614 | -12.5% |
| Stocks and contracts in progress | 3 | €5,464 | €4,965 | -€499 | -9.1% |
| Stocks | 30/36 | €5,464 | €4,965 | -€499 | -9.1% |
| Amounts receivable within one year | 40/41 | €296 | €1,049 | +€752 | +254% |
| Trade receivables | 40 | €0 | €714 | +€714 | |
| Other amounts receivable | 41 | €296 | €335 | +€38 | +12.9% |
| Cash at bank and in hand | 54/58 | €6,534 | €4,672 | -€1,862 | -28.5% |
| Deferred charges and accrued income | 490/1 | €570 | €564 | -€6 | -1.0% |
| Total equity and liabilities | 10/49 | €50,914 | €41,283 | -€9,630 | -18.9% |
| Equity | 10/15 | €15,872 | €22,328 | +€6,456 | +40.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,128 | €2,328 | +€6,456 | |
| Amounts payable | 17/49 | €35,041 | €18,955 | -€16,086 | -45.9% |
| Amounts payable after more than one year | 17 | €3,707 | €0 | -€3,707 | -100% |
| Financial debts | 170/4 | €3,707 | €0 | -€3,707 | -100% |
| Amounts payable within one year | 42/48 | €30,443 | €18,123 | -€12,321 | -40.5% |
| Current portion of amounts payable after more than one year | 42 | €10,640 | €3,707 | -€6,933 | -65.2% |
| Trade debts | 44 | €4,013 | €3,216 | -€797 | -19.9% |
| Suppliers | 440/4 | €4,013 | €3,216 | -€797 | -19.9% |
| Taxes, remuneration and social security | 45 | €4,157 | €4,222 | +€65 | +1.6% |
| Taxes | 450/3 | €4,016 | €4,222 | +€206 | +5.1% |
| Remuneration and social security | 454/9 | €141 | €0 | -€141 | -100% |
| Other amounts payable | 47/48 | €11,634 | €6,978 | -€4,656 | -40.0% |
| Accrued charges and deferred income | 492/3 | €891 | €832 | -€59 | -6.6% |
| Remuneration, social security and pensions | 62 | €12,216 | €8,123 | -€4,093 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,016 | €8,016 | = | 0.0% |
| Other operating charges | 640/8 | €2,760 | €2,805 | +€45 | +1.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €32,508 | €26,738 | -€5,771 | -17.8% |
| Operating profit (loss) | 9901 | €9,515 | €7,793 | -€1,722 | -18.1% |
| Financial income | 75/76B | €200 | €34 | -€166 | -83.1% |
| Recurring financial income | 75 | €200 | €34 | -€166 | -83.1% |
| Financial charges | 65/66B | €2,278 | €1,371 | -€906 | -39.8% |
| Recurring financial charges | 65 | €2,278 | €1,371 | -€906 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €7,438 | €6,456 | -€982 | -13.2% |
| Profit (loss) for the period | 9904 | €7,438 | €6,456 | -€982 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,438 | €6,456 | -€982 | -13.2% |
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 1 November 2026 via checked.be.