A LA PAGE: 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 LA PAGE
Largest movements
- Tangible fixed assets -€23,416
down €23,416 (-27.8%), from €84,334 to €60,918
of which Furniture and vehicles: -€22,087
- Receivables within one year +€4,207
up €4,207 (+41.6%), from €10,101 to €14,308
of which Trade receivables: +€4,205
- Cash -€3,787
down €3,787 (-82.4%), from €4,594 to €808
mainly Tax, wage and social debts (-€30,424) and Debts after one year (-€18,924)
- Deferred charges and accrued income +€1,760
up €1,760 (+486.6%), from €362 to €2,122
- Other debts +€44,579
up €44,579 (+137.9%), from €32,331 to €76,910
- Tax, wage and social debts -€30,424
down €30,424 (-89.1%), from €34,155 to €3,732
of which Remuneration and social security: -€29,088
- Debts after one year -€18,924
down €18,924 (-36.1%), from €52,449 to €33,525
- Profit (loss) carried forward -€9,079
down €9,079 (-14.0%), from -€64,755 to -€73,835
- Current portion of long-term debt -€6,059
down €6,059 (-20.5%), from €29,555 to €23,497
- Gross operating margin +€1,527
up €1,527 (+8.0%), from €19,129 to €20,656
- Financial charges -€1,293
down €1,293 (-25.8%), from €5,020 to €3,727
- Staff costs +€732
new in 2025: €732
- Depreciation +€300
up €300 (+1.3%), from €23,115 to €23,416
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 | €99,391 | €78,156 | -€21,235 | -21.4% |
| Fixed assets | 21/28 | €84,334 | €60,918 | -€23,416 | -27.8% |
| Tangible fixed assets | 22/27 | €84,334 | €60,918 | -€23,416 | -27.8% |
| Furniture and vehicles | 24 | €78,721 | €56,634 | -€22,087 | -28.1% |
| Other tangible fixed assets | 26 | €5,613 | €4,285 | -€1,328 | -23.7% |
| Current assets | 29/58 | €15,057 | €17,237 | +€2,180 | +14.5% |
| Amounts receivable within one year | 40/41 | €10,101 | €14,308 | +€4,207 | +41.6% |
| Trade receivables | 40 | €690 | €4,894 | +€4,205 | +609.6% |
| Other amounts receivable | 41 | €9,412 | €9,414 | +€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €4,594 | €808 | -€3,787 | -82.4% |
| Deferred charges and accrued income | 490/1 | €362 | €2,122 | +€1,760 | +486.6% |
| Total equity and liabilities | 10/49 | €99,391 | €78,156 | -€21,235 | -21.4% |
| Equity | 10/15 | -€50,502 | -€59,581 | -€9,079 | -18.0% |
| Contributions | 10/11 | €14,254 | €14,254 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,755 | -€73,835 | -€9,079 | -14.0% |
| Amounts payable | 17/49 | €149,893 | €137,737 | -€12,156 | -8.1% |
| Amounts payable after more than one year | 17 | €52,449 | €33,525 | -€18,924 | -36.1% |
| Financial debts | 170/4 | €52,449 | €33,525 | -€18,924 | -36.1% |
| Amounts payable within one year | 42/48 | €97,444 | €104,212 | +€6,768 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €29,555 | €23,497 | -€6,059 | -20.5% |
| Trade debts | 44 | €1,402 | €74 | -€1,328 | -94.7% |
| Suppliers | 440/4 | €1,402 | €74 | -€1,328 | -94.7% |
| Taxes, remuneration and social security | 45 | €34,155 | €3,732 | -€30,424 | -89.1% |
| Taxes | 450/3 | €5,067 | €3,732 | -€1,335 | -26.4% |
| Remuneration and social security | 454/9 | €29,088 | - | -€29,088 | |
| Other amounts payable | 47/48 | €32,331 | €76,910 | +€44,579 | +137.9% |
| Remuneration, social security and pensions | 62 | - | €732 | +€732 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,115 | €23,416 | +€300 | +1.3% |
| Other operating charges | 640/8 | €1,782 | €1,590 | -€192 | -10.8% |
| Gross operating margin | 9900 | €19,129 | €20,656 | +€1,527 | +8.0% |
| Operating profit (loss) | 9901 | -€5,768 | -€5,081 | +€687 | +11.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,020 | €3,727 | -€1,293 | -25.8% |
| Recurring financial charges | 65 | €5,020 | €3,727 | -€1,293 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,788 | -€8,808 | +€1,980 | +18.4% |
| Income taxes | 67/77 | €315 | €271 | -€44 | -13.8% |
| Profit (loss) for the period | 9904 | -€11,103 | -€9,079 | +€2,023 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,103 | -€9,079 | +€2,023 | +18.2% |
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 8 October 2026 via checked.be.