A MODELS PLACE: 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 MODELS PLACE
Largest movements
- Cash +€10,661
up €10,661 (+155%), from €6,862 to €17,524
mainly Trade debts (+€18,309) and Depreciation (+€7,243)
- Tangible fixed assets -€6,768
down €6,768 (-26.5%), from €25,496 to €18,729
of which Furniture and vehicles: -€5,823
- Receivables within one year -€4,309
down €4,309 (-13.4%), from €32,132 to €27,823
of which Trade receivables: -€15,517
- Profit (loss) carried forward -€28,884
new in 2025: -€28,884
- Trade debts +€18,309
up €18,309 (+144%), from €12,751 to €31,060
- Debts after one year +€6,297
up €6,297 (+34.4%), from €18,317 to €24,615
- Current portion of long-term debt +€5,129
up €5,129 (+72.8%), from €7,047 to €12,176
- Tax, wage and social debts -€1,531
down €1,531 (-36.2%), from €4,225 to €2,694
- Gross operating margin -€37,359
down €37,359, from €21,674 to -€15,685
- Taxes -€5,488
down €5,488 (-100%), from €5,488 to €0
- Financial charges +€1,422
up €1,422 (+96.4%), from €1,475 to €2,897
- Depreciation +€1,001
up €1,001 (+16.0%), from €6,242 to €7,243
- Other operating charges +€720
up €720 (+50.8%), from €1,419 to €2,139
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 | €66,649 | €65,612 | -€1,037 | -1.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €26,504 | €19,737 | -€6,768 | -25.5% |
| Tangible fixed assets | 22/27 | €25,496 | €18,729 | -€6,768 | -26.5% |
| Plant, machinery and equipment | 23 | €5,484 | €4,539 | -€945 | -17.2% |
| Furniture and vehicles | 24 | €20,012 | €14,190 | -€5,823 | -29.1% |
| Financial fixed assets | 28 | €1,008 | €1,008 | = | 0.0% |
| Current assets | 29/58 | €40,144 | €45,875 | +€5,731 | +14.3% |
| Amounts receivable within one year | 40/41 | €32,132 | €27,823 | -€4,309 | -13.4% |
| Trade receivables | 40 | €25,000 | €9,483 | -€15,517 | -62.1% |
| Other amounts receivable | 41 | €7,132 | €18,340 | +€11,208 | +157% |
| Cash at bank and in hand | 54/58 | €6,862 | €17,524 | +€10,661 | +155% |
| Deferred charges and accrued income | 490/1 | €1,150 | €529 | -€621 | -54.0% |
| Total equity and liabilities | 10/49 | €66,649 | €65,612 | -€1,037 | -1.6% |
| Equity | 10/15 | €16,452 | -€12,433 | -€28,884 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €14,452 | €14,452 | = | 0.0% |
| Distributable reserves | 133 | €14,452 | €14,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€28,884 | -€28,884 | |
| Amounts payable | 17/49 | €50,197 | €78,044 | +€27,847 | +55.5% |
| Amounts payable after more than one year | 17 | €18,317 | €24,615 | +€6,297 | +34.4% |
| Financial debts | 170/4 | €18,317 | €24,615 | +€6,297 | +34.4% |
| Amounts payable within one year | 42/48 | €31,880 | €53,430 | +€21,550 | +67.6% |
| Current portion of amounts payable after more than one year | 42 | €7,047 | €12,176 | +€5,129 | +72.8% |
| Financial debts | 43 | €7,500 | €7,500 | = | 0.0% |
| Credit institutions | 430/8 | €7,500 | €7,500 | = | 0.0% |
| Trade debts | 44 | €12,751 | €31,060 | +€18,309 | +144% |
| Suppliers | 440/4 | €12,751 | €31,060 | +€18,309 | +144% |
| Advances received on contracts in progress | 46 | €357 | €0 | -€357 | -100% |
| Taxes, remuneration and social security | 45 | €4,225 | €2,694 | -€1,531 | -36.2% |
| Taxes | 450/3 | €4,225 | €2,694 | -€1,531 | -36.2% |
| Remuneration, social security and pensions | 62 | €182 | €0 | -€182 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,242 | €7,243 | +€1,001 | +16.0% |
| Other operating charges | 640/8 | €1,419 | €2,139 | +€720 | +50.8% |
| Non-recurring operating charges | 66A | - | €1,467 | +€1,467 | |
| Gross operating margin | 9900 | €21,674 | -€15,685 | -€37,359 | |
| Operating profit (loss) | 9901 | €13,831 | -€26,534 | -€40,364 | |
| Financial income | 75/76B | €196 | €547 | +€350 | +178% |
| Recurring financial income | 75 | €196 | €547 | +€350 | +178% |
| Financial charges | 65/66B | €1,475 | €2,897 | +€1,422 | +96.4% |
| Recurring financial charges | 65 | €1,475 | €2,897 | +€1,422 | +96.4% |
| Profit (loss) for the period before taxes | 9903 | €12,552 | -€28,884 | -€41,436 | |
| Income taxes | 67/77 | €5,488 | €0 | -€5,488 | -100% |
| Profit (loss) for the period | 9904 | €7,065 | -€28,884 | -€35,949 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,065 | -€28,884 | -€35,949 |
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 13 October 2026 via checked.be.