A Byte of code: 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 Byte of code
Largest movements
- Receivables within one year -€10,783
down €10,783 (-97.4%), from €11,072 to €289
of which Trade receivables: -€11,072
- Cash -€5,660
down €5,660 (-66.0%), from €8,570 to €2,910
mainly Net result for the year (-€19,723) and Tax, wage and social debts (-€944)
- Tangible fixed assets -€797
down €797 (-78.3%), from €1,018 to €221
of which Plant, machinery and equipment: -€541
- Profit (loss) carried forward -€19,723
down €19,723 (-46.5%), from -€42,460 to -€62,183
- Accrued charges and deferred income +€2,395
up €2,395 (+405.2%), from €591 to €2,986
- Trade debts +€1,029
up €1,029 (+74.0%), from €1,391 to €2,420
- Tax, wage and social debts -€944
down €944 (-79.7%), from €1,184 to €240
- Gross operating margin -€12,713
down €12,713 (-206.4%), from -€6,158 to -€18,871
- Depreciation -€214
down €214 (-21.2%), from €1,011 to €797
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 | €21,119 | €3,876 | -€17,243 | -81.6% |
| Fixed assets | 21/28 | €1,018 | €221 | -€797 | -78.3% |
| Tangible fixed assets | 22/27 | €1,018 | €221 | -€797 | -78.3% |
| Plant, machinery and equipment | 23 | €541 | - | -€541 | |
| Furniture and vehicles | 24 | €477 | €221 | -€256 | -53.7% |
| Current assets | 29/58 | €20,101 | €3,655 | -€16,446 | -81.8% |
| Amounts receivable within one year | 40/41 | €11,072 | €289 | -€10,783 | -97.4% |
| Trade receivables | 40 | €11,072 | - | -€11,072 | |
| Other amounts receivable | 41 | - | €289 | +€289 | |
| Cash at bank and in hand | 54/58 | €8,570 | €2,910 | -€5,660 | -66.0% |
| Deferred charges and accrued income | 490/1 | €459 | €456 | -€3 | -0.7% |
| Total equity and liabilities | 10/49 | €21,119 | €3,876 | -€17,243 | -81.6% |
| Equity | 10/15 | €17,740 | -€1,983 | -€19,723 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €57,700 | €57,700 | = | 0.0% |
| Distributable reserves | 133 | €57,700 | €57,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,460 | -€62,183 | -€19,723 | -46.5% |
| Amounts payable | 17/49 | €3,379 | €5,859 | +€2,480 | +73.4% |
| Amounts payable within one year | 42/48 | €2,788 | €2,873 | +€85 | +3.0% |
| Trade debts | 44 | €1,391 | €2,420 | +€1,029 | +74.0% |
| Suppliers | 440/4 | €1,391 | €2,420 | +€1,029 | +74.0% |
| Taxes, remuneration and social security | 45 | €1,184 | €240 | -€944 | -79.7% |
| Taxes | 450/3 | €1,184 | €240 | -€944 | -79.7% |
| Other amounts payable | 47/48 | €213 | €213 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €591 | €2,986 | +€2,395 | +405.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,011 | €797 | -€214 | -21.2% |
| Gross operating margin | 9900 | -€6,158 | -€18,871 | -€12,713 | -206.4% |
| Operating profit (loss) | 9901 | -€7,169 | -€19,668 | -€12,499 | -174.3% |
| Financial charges | 65/66B | €54 | €55 | +€1 | +1.9% |
| Recurring financial charges | 65 | €54 | €55 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,223 | -€19,723 | -€12,500 | -173.1% |
| Profit (loss) for the period | 9904 | -€7,223 | -€19,723 | -€12,500 | -173.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,223 | -€19,723 | -€12,500 | -173.1% |
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 2 October 2026 via checked.be.