a.15: what changed
Two fiscal 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.
a.15
Largest movements
- Tangible fixed assets +€28,390
up €28,390 (+141.4%), from €20,084 to €48,474
of which Furniture and vehicles: +€33,432
- Cash +€5,532
up €5,532 (+55.3%), from €10,011 to €15,543
mainly Other debts (+€27,754) and Depreciation (+€9,110)
- Receivables within one year -€5,290
down €5,290 (-30.5%), from €17,322 to €12,032
of which Trade receivables: -€5,290
- Other debts +€27,754
up €27,754 (+65.9%), from €42,089 to €69,843
- Tax, wage and social debts +€3,729
up €3,729 (+123.9%), from €3,010 to €6,739
of which Remuneration and social security: +€2,837
- Profit (loss) carried forward -€2,852
down €2,852 (-5.9%), from -€48,312 to -€51,164
- Gross operating margin -€27,610
down €27,610 (-78.4%), from €35,210 to €7,599
- Depreciation +€4,068
up €4,068 (+80.7%), from €5,042 to €9,110
- Financial income -€894
down €894 (-93.8%), from €953 to €59
- Financial charges -€357
down €357 (-79.6%), from €448 to €91
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 | €47,416 | €76,049 | +€28,632 | +60.4% |
| Fixed assets | 21/28 | €20,084 | €48,474 | +€28,390 | +141.4% |
| Tangible fixed assets | 22/27 | €20,084 | €48,474 | +€28,390 | +141.4% |
| Land and buildings | 22 | €2,664 | €2,338 | -€326 | -12.2% |
| Plant, machinery and equipment | 23 | €17,420 | €12,704 | -€4,715 | -27.1% |
| Furniture and vehicles | 24 | - | €33,432 | +€33,432 | |
| Current assets | 29/58 | €27,332 | €27,575 | +€242 | +0.9% |
| Amounts receivable within one year | 40/41 | €17,322 | €12,032 | -€5,290 | -30.5% |
| Trade receivables | 40 | €17,049 | €11,759 | -€5,290 | -31.0% |
| Other amounts receivable | 41 | €273 | €273 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,011 | €15,543 | +€5,532 | +55.3% |
| Total equity and liabilities | 10/49 | €47,416 | €76,049 | +€28,632 | +60.4% |
| Equity | 10/15 | -€27,852 | -€30,704 | -€2,852 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,312 | -€51,164 | -€2,852 | -5.9% |
| Amounts payable | 17/49 | €75,268 | €106,752 | +€31,484 | +41.8% |
| Amounts payable after more than one year | 17 | €25,525 | €25,525 | = | 0.0% |
| Financial debts | 170/4 | €25,525 | €25,525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,744 | €81,228 | +€31,484 | +63.3% |
| Trade debts | 44 | €4,644 | €4,646 | +€1 | 0.0% |
| Suppliers | 440/4 | €4,644 | €4,646 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €3,010 | €6,739 | +€3,729 | +123.9% |
| Taxes | 450/3 | €194 | €1,086 | +€892 | +460.6% |
| Remuneration and social security | 454/9 | €2,817 | €5,653 | +€2,837 | +100.7% |
| Other amounts payable | 47/48 | €42,089 | €69,843 | +€27,754 | +65.9% |
| Remuneration, social security and pensions | 62 | €59 | - | -€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,042 | €9,110 | +€4,068 | +80.7% |
| Other operating charges | 640/8 | €1,098 | €1,112 | +€14 | +1.3% |
| Gross operating margin | 9900 | €35,210 | €7,599 | -€27,610 | -78.4% |
| Operating profit (loss) | 9901 | €29,012 | -€2,622 | -€31,634 | |
| Financial income | 75/76B | €953 | €59 | -€894 | -93.8% |
| Recurring financial income | 75 | €953 | €59 | -€894 | -93.8% |
| Financial charges | 65/66B | €448 | €91 | -€357 | -79.6% |
| Recurring financial charges | 65 | €448 | €91 | -€357 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €29,517 | -€2,654 | -€32,171 | |
| Income taxes | 67/77 | €185 | €197 | +€13 | +7.0% |
| Profit (loss) for the period | 9904 | €29,332 | -€2,852 | -€32,184 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,332 | -€2,852 | -€32,184 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.