A en B: 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 en B
Largest movements
- Receivables within one year -€12,951
down €12,951 (-53.3%), from €24,302 to €11,352
of which Trade receivables: -€11,448
- Tangible fixed assets -€2,019
down €2,019 (-20.0%), from €10,079 to €8,061
of which Plant, machinery and equipment: -€1,311
- Cash -€1,942
down €1,942 (-13.2%), from €14,751 to €12,809
mainly Trade debts (-€18,306) and Investment in fixed assets (net) (-€580)
- Trade debts -€18,306
down €18,306 (-47.2%), from €38,759 to €20,453
- Tax, wage and social debts +€1,393
new in 2025: €1,393
- Depreciation +€1,216
up €1,216 (+87.9%), from €1,383 to €2,599
- Gross operating margin -€1,048
down €1,048 (-23.4%), from €4,476 to €3,428
- Taxes -€607
down €607 (-63.3%), from €959 to €352
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 | €49,369 | €32,458 | -€16,911 | -34.3% |
| Fixed assets | 21/28 | €10,316 | €8,297 | -€2,019 | -19.6% |
| Intangible fixed assets | 21 | €236 | €236 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,079 | €8,061 | -€2,019 | -20.0% |
| Plant, machinery and equipment | 23 | €6,390 | €5,079 | -€1,311 | -20.5% |
| Furniture and vehicles | 24 | €3,345 | €2,981 | -€364 | -10.9% |
| Other tangible fixed assets | 26 | €344 | - | -€344 | |
| Current assets | 29/58 | €39,053 | €24,161 | -€14,893 | -38.1% |
| Amounts receivable within one year | 40/41 | €24,302 | €11,352 | -€12,951 | -53.3% |
| Trade receivables | 40 | €20,652 | €9,204 | -€11,448 | -55.4% |
| Other amounts receivable | 41 | €3,650 | €2,148 | -€1,502 | -41.2% |
| Cash at bank and in hand | 54/58 | €14,751 | €12,809 | -€1,942 | -13.2% |
| Total equity and liabilities | 10/49 | €49,369 | €32,458 | -€16,911 | -34.3% |
| Equity | 10/15 | €9,872 | €9,874 | +€2 | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,877 | €8,877 | = | 0.0% |
| Distributable reserves | 133 | €8,877 | €8,877 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5 | -€3 | +€2 | +42.4% |
| Amounts payable | 17/49 | €39,497 | €22,583 | -€16,913 | -42.8% |
| Amounts payable within one year | 42/48 | €39,497 | €22,583 | -€16,913 | -42.8% |
| Trade debts | 44 | €38,759 | €20,453 | -€18,306 | -47.2% |
| Suppliers | 440/4 | €38,759 | €20,453 | -€18,306 | -47.2% |
| Taxes, remuneration and social security | 45 | - | €1,393 | +€1,393 | |
| Remuneration and social security | 454/9 | - | €1,393 | +€1,393 | |
| Other amounts payable | 47/48 | €737 | €737 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | €2,599 | +€1,216 | +87.9% |
| Other operating charges | 640/8 | €382 | €392 | +€10 | +2.7% |
| Gross operating margin | 9900 | €4,476 | €3,428 | -€1,048 | -23.4% |
| Operating profit (loss) | 9901 | €2,711 | €437 | -€2,274 | -83.9% |
| Financial charges | 65/66B | €64 | €83 | +€20 | +30.7% |
| Recurring financial charges | 65 | €64 | €83 | +€20 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €2,647 | €354 | -€2,293 | -86.6% |
| Income taxes | 67/77 | €959 | €352 | -€607 | -63.3% |
| Profit (loss) for the period | 9904 | €1,689 | €2 | -€1,687 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,689 | €2 | -€1,687 | -99.9% |
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 22 October 2026 via checked.be.