ABC: 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.
ABC
Largest movements
- Tangible fixed assets +€75,782
new in 2025: €75,782
of which Other tangible fixed assets: +€43,017
- Intangible fixed assets -€42,857
down €42,857 (-29.3%), from €146,431 to €103,574
- Receivables within one year -€10,917
down €10,917 (-48.8%), from €22,367 to €11,450
of which Other amounts receivable: -€14,168
- Other debts +€141,000
new in 2025: €141,000
- Profit (loss) carried forward -€71,329
down €71,329 (-93.9%), from -€75,970 to -€147,299
- Debts after one year -€44,068
down €44,068 (-34.4%), from €127,931 to €83,863
- Tax, wage and social debts +€26,565
new in 2025: €26,565
of which Remuneration and social security: +€26,009
- Trade debts -€23,787
down €23,787 (-68.8%), from €34,585 to €10,798
- Staff costs +€164,936
new in 2025: €164,936
- Gross operating margin +€160,802
up €160,802, from -€11,440 to €149,362
- Depreciation +€4,024
up €4,024 (+9.4%), from €42,857 to €46,881
- Financial charges -€2,344
down €2,344 (-20.9%), from €11,218 to €8,874
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 | €171,655 | €196,804 | +€25,149 | +14.7% |
| Fixed assets | 21/28 | €148,981 | €181,906 | +€32,925 | +22.1% |
| Intangible fixed assets | 21 | €146,431 | €103,574 | -€42,857 | -29.3% |
| Tangible fixed assets | 22/27 | - | €75,782 | +€75,782 | |
| Plant, machinery and equipment | 23 | - | €32,765 | +€32,765 | |
| Other tangible fixed assets | 26 | - | €43,017 | +€43,017 | |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €22,674 | €14,898 | -€7,776 | -34.3% |
| Amounts receivable within one year | 40/41 | €22,367 | €11,450 | -€10,917 | -48.8% |
| Trade receivables | 40 | €5,823 | €9,074 | +€3,251 | +55.8% |
| Other amounts receivable | 41 | €16,544 | €2,376 | -€14,168 | -85.6% |
| Cash at bank and in hand | 54/58 | €307 | €2,154 | +€1,847 | +602% |
| Deferred charges and accrued income | 490/1 | - | €1,294 | +€1,294 | |
| Total equity and liabilities | 10/49 | €171,655 | €196,804 | +€25,149 | +14.7% |
| Equity | 10/15 | -€45,970 | -€117,299 | -€71,329 | -155% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,970 | -€147,299 | -€71,329 | -93.9% |
| Amounts payable | 17/49 | €217,625 | €314,103 | +€96,478 | +44.3% |
| Amounts payable after more than one year | 17 | €127,931 | €83,863 | -€44,068 | -34.4% |
| Financial debts | 170/4 | €127,931 | €83,863 | -€44,068 | -34.4% |
| Amounts payable within one year | 42/48 | €89,694 | €230,240 | +€140,546 | +157% |
| Current portion of amounts payable after more than one year | 42 | €45,293 | €47,140 | +€1,847 | +4.1% |
| Financial debts | 43 | €9,816 | €4,737 | -€5,079 | -51.7% |
| Credit institutions | 430/8 | €9,816 | €4,737 | -€5,079 | -51.7% |
| Trade debts | 44 | €34,585 | €10,798 | -€23,787 | -68.8% |
| Suppliers | 440/4 | €34,585 | €10,798 | -€23,787 | -68.8% |
| Taxes, remuneration and social security | 45 | - | €26,565 | +€26,565 | |
| Taxes | 450/3 | - | €556 | +€556 | |
| Remuneration and social security | 454/9 | - | €26,009 | +€26,009 | |
| Other amounts payable | 47/48 | - | €141,000 | +€141,000 | |
| Remuneration, social security and pensions | 62 | - | €164,936 | +€164,936 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,857 | €46,881 | +€4,024 | +9.4% |
| Other operating charges | 640/8 | €45 | - | -€45 | |
| Gross operating margin | 9900 | -€11,440 | €149,362 | +€160,802 | |
| Operating profit (loss) | 9901 | -€54,342 | -€62,455 | -€8,113 | -14.9% |
| Financial income | 75/76B | €230 | - | -€230 | |
| Recurring financial income | 75 | €230 | - | -€230 | |
| Financial charges | 65/66B | €11,218 | €8,874 | -€2,344 | -20.9% |
| Recurring financial charges | 65 | €11,218 | €8,874 | -€2,344 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€65,330 | -€71,329 | -€5,999 | -9.2% |
| Profit (loss) for the period | 9904 | -€65,330 | -€71,329 | -€5,999 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,330 | -€71,329 | -€5,999 | -9.2% |
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 14 October 2026 via checked.be.