A-T-Z: 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-T-Z
Largest movements
- Receivables within one year -€29,352
down €29,352 (-35.1%), from €83,537 to €54,185
of which Trade receivables: -€29,456
- Deferred charges and accrued income -€9,704
no longer reported in 2025 (was €9,704)
- Cash +€2,916
up €2,916 (+72.9%), from €3,998 to €6,915
mainly Receivables within one year (+€29,352) and Deferred charges and accrued income (+€9,704)
- Other debts -€20,036
down €20,036 (-70.5%), from €28,436 to €8,400
- Trade debts -€13,286
down €13,286 (-98.6%), from €13,472 to €186
- Profit (loss) carried forward -€8,324
down €8,324, from €3,747 to -€4,577
- Tax, wage and social debts +€4,856
up €4,856 (+40.5%), from €11,999 to €16,855
of which Remuneration and social security: +€2,485
- Gross operating margin -€21,644
down €21,644 (-25.3%), from €85,659 to €64,014
- Taxes -€2,039
no longer reported in 2025 (was €2,039)
- Financial charges +€1,200
up €1,200 (+48.5%), from €2,471 to €3,671
of which Non-recurring financial charges: +€1,313
- Other operating charges -€1,011
down €1,011 (-76.8%), from €1,317 to €305
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 | €97,240 | €61,099 | -€36,140 | -37.2% |
| Current assets | 29/58 | €97,240 | €61,099 | -€36,140 | -37.2% |
| Amounts receivable within one year | 40/41 | €83,537 | €54,185 | -€29,352 | -35.1% |
| Trade receivables | 40 | €72,288 | €42,832 | -€29,456 | -40.7% |
| Other amounts receivable | 41 | €11,249 | €11,352 | +€104 | +0.9% |
| Cash at bank and in hand | 54/58 | €3,998 | €6,915 | +€2,916 | +72.9% |
| Deferred charges and accrued income | 490/1 | €9,704 | - | -€9,704 | |
| Total equity and liabilities | 10/49 | €97,240 | €61,099 | -€36,140 | -37.2% |
| Equity | 10/15 | €40,367 | €32,044 | -€8,324 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,421 | €30,421 | = | 0.0% |
| Distributable reserves | 133 | €30,421 | €30,421 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,747 | -€4,577 | -€8,324 | |
| Amounts payable | 17/49 | €56,873 | €29,056 | -€27,817 | -48.9% |
| Amounts payable within one year | 42/48 | €56,873 | €29,056 | -€27,817 | -48.9% |
| Trade debts | 44 | €13,472 | €186 | -€13,286 | -98.6% |
| Suppliers | 440/4 | €13,472 | €186 | -€13,286 | -98.6% |
| Advances received on contracts in progress | 46 | €2,966 | €3,615 | +€649 | +21.9% |
| Taxes, remuneration and social security | 45 | €11,999 | €16,855 | +€4,856 | +40.5% |
| Taxes | 450/3 | €3,580 | €5,951 | +€2,371 | +66.2% |
| Remuneration and social security | 454/9 | €8,419 | €10,904 | +€2,485 | +29.5% |
| Other amounts payable | 47/48 | €28,436 | €8,400 | -€20,036 | -70.5% |
| Remuneration, social security and pensions | 62 | €68,955 | €68,362 | -€594 | -0.9% |
| Other operating charges | 640/8 | €1,317 | €305 | -€1,011 | -76.8% |
| Non-recurring operating charges | 66A | €12,600 | - | -€12,600 | |
| Gross operating margin | 9900 | €85,659 | €64,014 | -€21,644 | -25.3% |
| Operating profit (loss) | 9901 | €2,787 | -€4,653 | -€7,440 | |
| Financial income | 75/76B | €568 | - | -€568 | |
| Recurring financial income | 75 | €568 | - | -€568 | |
| Financial charges | 65/66B | €2,471 | €3,671 | +€1,200 | +48.5% |
| Recurring financial charges | 65 | €2,471 | €2,358 | -€114 | -4.6% |
| Non-recurring financial charges | 66B | - | €1,313 | +€1,313 | |
| Profit (loss) for the period before taxes | 9903 | €884 | -€8,324 | -€9,207 | |
| Income taxes | 67/77 | €2,039 | - | -€2,039 | |
| Profit (loss) for the period | 9904 | -€1,155 | -€8,324 | -€7,168 | -620% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,155 | -€8,324 | -€7,168 | -620% |
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 26 October 2026 via checked.be.