88mph: 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.
88mph
Largest movements
- Receivables within one year -€19,051
down €19,051 (-60.2%), from €31,626 to €12,575
of which Trade receivables: -€15,656
- Tangible fixed assets -€13,510
down €13,510 (-22.5%), from €59,996 to €46,486
of which Leasing and similar rights: -€10,314
- Cash +€12,981
up €12,981 (+49.4%), from €26,284 to €39,265
mainly Receivables within one year (+€19,051) and Net result for the year (+€16,354)
- Other debts -€14,250
down €14,250 (-67.1%), from €21,250 to €7,000
- Debts after one year -€8,458
down €8,458 (-32.1%), from €26,323 to €17,864
- Profit (loss) carried forward +€6,354
up €6,354 (+15.3%), from €41,480 to €47,835
- Tax, wage and social debts -€2,879
down €2,879 (-16.1%), from €17,923 to €15,045
- Gross operating margin -€13,661
down €13,661 (-23.8%), from €57,453 to €43,792
- Taxes -€1,942
down €1,942 (-20.4%), from €9,503 to €7,561
- Other operating charges -€1,355
down €1,355 (-46.7%), from €2,900 to €1,544
- Financial charges -€692
down €692 (-20.8%), from €3,327 to €2,635
- Depreciation +€577
up €577 (+3.7%), from €15,429 to €16,006
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 | €122,332 | €102,693 | -€19,638 | -16.1% |
| Fixed assets | 21/28 | €60,556 | €47,046 | -€13,510 | -22.3% |
| Tangible fixed assets | 22/27 | €59,996 | €46,486 | -€13,510 | -22.5% |
| Plant, machinery and equipment | 23 | €12,146 | €9,594 | -€2,552 | -21.0% |
| Furniture and vehicles | 24 | €5,457 | €5,097 | -€360 | -6.6% |
| Leasing and similar rights | 25 | €41,256 | €30,942 | -€10,314 | -25.0% |
| Other tangible fixed assets | 26 | €1,137 | €853 | -€284 | -25.0% |
| Financial fixed assets | 28 | €560 | €560 | = | 0.0% |
| Current assets | 29/58 | €61,775 | €55,647 | -€6,129 | -9.9% |
| Amounts receivable within one year | 40/41 | €31,626 | €12,575 | -€19,051 | -60.2% |
| Trade receivables | 40 | €23,458 | €7,802 | -€15,656 | -66.7% |
| Other amounts receivable | 41 | €8,168 | €4,773 | -€3,394 | -41.6% |
| Cash at bank and in hand | 54/58 | €26,284 | €39,265 | +€12,981 | +49.4% |
| Deferred charges and accrued income | 490/1 | €3,865 | €3,806 | -€59 | -1.5% |
| Total equity and liabilities | 10/49 | €122,332 | €102,693 | -€19,638 | -16.1% |
| Equity | 10/15 | €47,680 | €54,035 | +€6,354 | +13.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,480 | €47,835 | +€6,354 | +15.3% |
| Amounts payable | 17/49 | €74,651 | €48,658 | -€25,993 | -34.8% |
| Amounts payable after more than one year | 17 | €26,323 | €17,864 | -€8,458 | -32.1% |
| Financial debts | 170/4 | €26,323 | €17,864 | -€8,458 | -32.1% |
| Amounts payable within one year | 42/48 | €48,329 | €30,794 | -€17,535 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €8,769 | €8,458 | -€311 | -3.5% |
| Trade debts | 44 | €386 | €291 | -€94 | -24.5% |
| Suppliers | 440/4 | €386 | €291 | -€94 | -24.5% |
| Taxes, remuneration and social security | 45 | €17,923 | €15,045 | -€2,879 | -16.1% |
| Taxes | 450/3 | €17,923 | €15,045 | -€2,879 | -16.1% |
| Other amounts payable | 47/48 | €21,250 | €7,000 | -€14,250 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,429 | €16,006 | +€577 | +3.7% |
| Other operating charges | 640/8 | €2,900 | €1,544 | -€1,355 | -46.7% |
| Gross operating margin | 9900 | €57,453 | €43,792 | -€13,661 | -23.8% |
| Operating profit (loss) | 9901 | €39,123 | €26,241 | -€12,882 | -32.9% |
| Financial income | 75/76B | €212 | €309 | +€97 | +45.5% |
| Recurring financial income | 75 | €212 | €309 | +€97 | +45.5% |
| Financial charges | 65/66B | €3,327 | €2,635 | -€692 | -20.8% |
| Recurring financial charges | 65 | €3,327 | €2,635 | -€692 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €36,008 | €23,915 | -€12,093 | -33.6% |
| Income taxes | 67/77 | €9,503 | €7,561 | -€1,942 | -20.4% |
| Profit (loss) for the period | 9904 | €26,506 | €16,354 | -€10,151 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,506 | €16,354 | -€10,151 | -38.3% |
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 10 October 2026 via checked.be.