ABSTRACTION: 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.
ABSTRACTION
Largest movements
- Receivables within one year -€12,743
down €12,743 (-92.6%), from €13,761 to €1,018
of which Trade receivables: -€10,206
- Tangible fixed assets -€12,737
down €12,737 (-20.4%), from €62,432 to €49,695
of which Furniture and vehicles: -€13,852
- Cash +€3,587
up €3,587 (+10.1%), from €35,420 to €39,007
mainly Depreciation (+€14,123) and Receivables within one year (+€12,743)
- Profit (loss) carried forward -€22,567
down €22,567 (-9670.6%), from -€233 to -€22,801
- Debts after one year +€3,557
up €3,557 (+3.4%), from €105,923 to €109,480
- Trade debts -€3,422
down €3,422 (-55.7%), from €6,146 to €2,724
- Depreciation +€6,577
up €6,577 (+87.2%), from €7,546 to €14,123
- Gross operating margin -€3,475
down €3,475 (-8.5%), from €41,121 to €37,646
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 | €129,962 | €108,917 | -€21,046 | -16.2% |
| Fixed assets | 21/28 | €62,682 | €49,945 | -€12,737 | -20.3% |
| Tangible fixed assets | 22/27 | €62,432 | €49,695 | -€12,737 | -20.4% |
| Plant, machinery and equipment | 23 | €134 | €1,249 | +€1,115 | +829.0% |
| Furniture and vehicles | 24 | €62,297 | €48,445 | -€13,852 | -22.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €67,281 | €58,972 | -€8,308 | -12.3% |
| Stocks and contracts in progress | 3 | €16,091 | €17,083 | +€992 | +6.2% |
| Stocks | 30/36 | €16,091 | €17,083 | +€992 | +6.2% |
| Amounts receivable within one year | 40/41 | €13,761 | €1,018 | -€12,743 | -92.6% |
| Trade receivables | 40 | €11,031 | €825 | -€10,206 | -92.5% |
| Other amounts receivable | 41 | €2,729 | €193 | -€2,536 | -92.9% |
| Cash at bank and in hand | 54/58 | €35,420 | €39,007 | +€3,587 | +10.1% |
| Deferred charges and accrued income | 490/1 | €2,009 | €1,864 | -€144 | -7.2% |
| Total equity and liabilities | 10/49 | €129,962 | €108,917 | -€21,046 | -16.2% |
| Equity | 10/15 | €14,027 | -€8,541 | -€22,567 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€233 | -€22,801 | -€22,567 | -9670.6% |
| Amounts payable | 17/49 | €115,936 | €117,458 | +€1,522 | +1.3% |
| Amounts payable after more than one year | 17 | €105,923 | €109,480 | +€3,557 | +3.4% |
| Financial debts | 170/4 | €105,923 | €109,480 | +€3,557 | +3.4% |
| Amounts payable within one year | 42/48 | €10,012 | €7,977 | -€2,035 | -20.3% |
| Financial debts | 43 | - | €160 | +€160 | |
| Credit institutions | 430/8 | - | €160 | +€160 | |
| Trade debts | 44 | €6,146 | €2,724 | -€3,422 | -55.7% |
| Suppliers | 440/4 | €6,146 | €2,724 | -€3,422 | -55.7% |
| Taxes, remuneration and social security | 45 | €3,866 | €5,093 | +€1,227 | +31.7% |
| Taxes | 450/3 | €155 | €1,305 | +€1,150 | +742.7% |
| Remuneration and social security | 454/9 | €3,711 | €3,789 | +€78 | +2.1% |
| Remuneration, social security and pensions | 62 | €43,623 | €43,552 | -€71 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,546 | €14,123 | +€6,577 | +87.2% |
| Other operating charges | 640/8 | €1,109 | €1,121 | +€12 | +1.1% |
| Gross operating margin | 9900 | €41,121 | €37,646 | -€3,475 | -8.5% |
| Operating profit (loss) | 9901 | -€11,158 | -€21,151 | -€9,993 | -89.6% |
| Financial income | 75/76B | €0 | €33 | +€33 | +164450.0% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +164450.0% |
| Financial charges | 65/66B | €1,414 | €1,156 | -€259 | -18.3% |
| Recurring financial charges | 65 | €1,414 | €1,156 | -€259 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,572 | -€22,273 | -€9,701 | -77.2% |
| Income taxes | 67/77 | €155 | €294 | +€139 | +89.9% |
| Profit (loss) for the period | 9904 | -€12,727 | -€22,567 | -€9,841 | -77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,727 | -€22,567 | -€9,841 | -77.3% |
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 2 October 2026 via checked.be.