AC: 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.
AC
Largest movements
- Receivables within one year -€10,521
down €10,521 (-4.6%), from €226,419 to €215,898
of which Other amounts receivable: -€18,320
- Trade debts -€11,534
down €11,534 (-86.8%), from €13,290 to €1,756
- Other debts -€3,511
down €3,511 (-11.9%), from €29,538 to €26,027
- Short-term financial debts +€3,453
up €3,453 (+52.8%), from €6,544 to €9,997
- Tax, wage and social debts +€2,337
up €2,337 (+9.8%), from €23,753 to €26,091
- Gross operating margin -€58,768
down €58,768, from €53,174 to -€5,594
- Taxes -€14,805
down €14,805 (-72.4%), from €20,448 to €5,643
- Financial income +€7,962
up €7,962 (+228.3%), from €3,487 to €11,449
- Other operating charges +€706
up €706 (+353.1%), from €200 to €906
- Financial charges +€670
up €670 (+140.4%), from €477 to €1,148
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 | €227,518 | €216,030 | -€11,488 | -5.0% |
| Fixed assets | 21/28 | €522 | €132 | -€391 | -74.8% |
| Tangible fixed assets | 22/27 | €522 | €132 | -€391 | -74.8% |
| Furniture and vehicles | 24 | €522 | €132 | -€391 | -74.8% |
| Current assets | 29/58 | €226,996 | €215,898 | -€11,098 | -4.9% |
| Amounts receivable within one year | 40/41 | €226,419 | €215,898 | -€10,521 | -4.6% |
| Trade receivables | 40 | €68 | €7,867 | +€7,799 | +11458.8% |
| Other amounts receivable | 41 | €226,351 | €208,031 | -€18,320 | -8.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €577 | €0 | -€577 | -100.0% |
| Total equity and liabilities | 10/49 | €227,518 | €216,030 | -€11,488 | -5.0% |
| Equity | 10/15 | €154,392 | €152,160 | -€2,233 | -1.4% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €123,405 | €121,173 | -€2,233 | -1.8% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €120,307 | €118,074 | -€2,233 | -1.9% |
| Amounts payable | 17/49 | €73,126 | €63,870 | -€9,256 | -12.7% |
| Amounts payable within one year | 42/48 | €73,126 | €63,870 | -€9,256 | -12.7% |
| Financial debts | 43 | €6,544 | €9,997 | +€3,453 | +52.8% |
| Credit institutions | 430/8 | €6,544 | €9,997 | +€3,453 | +52.8% |
| Trade debts | 44 | €13,290 | €1,756 | -€11,534 | -86.8% |
| Suppliers | 440/4 | €13,290 | €1,756 | -€11,534 | -86.8% |
| Taxes, remuneration and social security | 45 | €23,753 | €26,091 | +€2,337 | +9.8% |
| Taxes | 450/3 | €23,753 | €26,091 | +€2,337 | +9.8% |
| Other amounts payable | 47/48 | €29,538 | €26,027 | -€3,511 | -11.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €496 | €391 | -€105 | -21.2% |
| Other operating charges | 640/8 | €200 | €906 | +€706 | +353.1% |
| Gross operating margin | 9900 | €53,174 | -€5,594 | -€58,768 | |
| Operating profit (loss) | 9901 | €52,478 | -€6,891 | -€59,369 | |
| Financial income | 75/76B | €3,487 | €11,449 | +€7,962 | +228.3% |
| Recurring financial income | 75 | €3,487 | €11,449 | +€7,962 | +228.3% |
| Financial charges | 65/66B | €477 | €1,148 | +€670 | +140.4% |
| Recurring financial charges | 65 | €477 | €1,148 | +€670 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €55,487 | €3,410 | -€52,077 | -93.9% |
| Income taxes | 67/77 | €20,448 | €5,643 | -€14,805 | -72.4% |
| Profit (loss) for the period | 9904 | €35,040 | -€2,233 | -€37,272 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,040 | -€2,233 | -€37,272 |
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 3 October 2026 via checked.be.