a Bill Picture: 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.
a Bill Picture
Largest movements
- Cash +€25,735
up €25,735 (+32.7%), from €78,782 to €104,516
mainly Depreciation (+€30,398) and Current portion of long-term debt (+€15,296)
- Receivables within one year -€13,480
down €13,480 (-45.4%), from €29,666 to €16,186
of which Trade receivables: -€26,192
- Tangible fixed assets -€5,334
down €5,334 (-8.4%), from €63,271 to €57,936
of which Furniture and vehicles: -€5,827
- Intangible fixed assets -€4,000
down €4,000 (-25.0%), from €16,000 to €12,000
- Current portion of long-term debt +€15,296
up €15,296 (+130%), from €11,728 to €27,024
- Debts after one year -€12,024
down €12,024 (-30.3%), from €39,725 to €27,701
- Tax, wage and social debts -€9,897
down €9,897 (-46.8%), from €21,127 to €11,230
- Reserves +€9,000
up €9,000 (+6.7%), from €133,860 to €142,860
- Trade debts +€5,715
up €5,715 (+98.3%), from €5,812 to €11,527
- Gross operating margin -€60,265
down €60,265 (-55.7%), from €108,269 to €48,005
- Taxes -€10,502
down €10,502 (-73.8%), from €14,240 to €3,738
- Depreciation +€4,910
up €4,910 (+19.3%), from €25,488 to €30,398
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 | €188,726 | €192,008 | +€3,281 | +1.7% |
| Fixed assets | 21/28 | €79,593 | €70,259 | -€9,334 | -11.7% |
| Intangible fixed assets | 21 | €16,000 | €12,000 | -€4,000 | -25.0% |
| Tangible fixed assets | 22/27 | €63,271 | €57,936 | -€5,334 | -8.4% |
| Land and buildings | 22 | €30,336 | €30,829 | +€493 | +1.6% |
| Furniture and vehicles | 24 | €32,934 | €27,107 | -€5,827 | -17.7% |
| Financial fixed assets | 28 | €323 | €323 | = | 0.0% |
| Current assets | 29/58 | €109,133 | €121,749 | +€12,616 | +11.6% |
| Amounts receivable within one year | 40/41 | €29,666 | €16,186 | -€13,480 | -45.4% |
| Trade receivables | 40 | €28,279 | €2,087 | -€26,192 | -92.6% |
| Other amounts receivable | 41 | €1,387 | €14,099 | +€12,712 | +916% |
| Cash at bank and in hand | 54/58 | €78,782 | €104,516 | +€25,735 | +32.7% |
| Deferred charges and accrued income | 490/1 | €685 | €1,046 | +€361 | +52.7% |
| Total equity and liabilities | 10/49 | €188,726 | €192,008 | +€3,281 | +1.7% |
| Equity | 10/15 | €103,506 | €113,007 | +€9,501 | +9.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,860 | €142,860 | +€9,000 | +6.7% |
| Distributable reserves | 133 | €133,860 | €142,860 | +€9,000 | +6.7% |
| Profit (loss) carried forward | 14 | -€42,754 | -€42,253 | +€501 | +1.2% |
| Amounts payable | 17/49 | €85,221 | €79,000 | -€6,220 | -7.3% |
| Amounts payable after more than one year | 17 | €39,725 | €27,701 | -€12,024 | -30.3% |
| Financial debts | 170/4 | €39,725 | €27,701 | -€12,024 | -30.3% |
| Amounts payable within one year | 42/48 | €45,496 | €51,300 | +€5,804 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €11,728 | €27,024 | +€15,296 | +130% |
| Trade debts | 44 | €5,812 | €11,527 | +€5,715 | +98.3% |
| Suppliers | 440/4 | €5,812 | €11,527 | +€5,715 | +98.3% |
| Taxes, remuneration and social security | 45 | €21,127 | €11,230 | -€9,897 | -46.8% |
| Taxes | 450/3 | €21,127 | €11,230 | -€9,897 | -46.8% |
| Other amounts payable | 47/48 | €6,828 | €1,518 | -€5,310 | -77.8% |
| Non-recurring operating income | 76A | €477 | - | -€477 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,488 | €30,398 | +€4,910 | +19.3% |
| Other operating charges | 640/8 | €2,297 | €2,344 | +€47 | +2.0% |
| Non-recurring operating charges | 66A | - | €310 | +€310 | |
| Gross operating margin | 9900 | €108,269 | €48,005 | -€60,265 | -55.7% |
| Operating profit (loss) | 9901 | €80,485 | €14,953 | -€65,532 | -81.4% |
| Financial income | 75/76B | €9 | €11 | +€1 | +14.2% |
| Recurring financial income | 75 | €9 | €11 | +€1 | +14.2% |
| Financial charges | 65/66B | €2,089 | €1,725 | -€364 | -17.4% |
| Recurring financial charges | 65 | €2,089 | €1,725 | -€364 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €78,405 | €13,239 | -€65,166 | -83.1% |
| Income taxes | 67/77 | €14,240 | €3,738 | -€10,502 | -73.8% |
| Profit (loss) for the period | 9904 | €64,165 | €9,501 | -€54,664 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,165 | €9,501 | -€54,664 | -85.2% |
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 25 October 2026 via checked.be.