ACHTERVLUCHT: 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.
ACHTERVLUCHT
Largest movements
- Receivables within one year +€17,949
up €17,949 (+41.7%), from €43,008 to €60,957
of which Other amounts receivable: +€17,949
- Cash +€12,751
up €12,751 (+201%), from €6,352 to €19,103
mainly Current portion of long-term debt (+€22,050) and Trade debts (+€5,253)
- Tangible fixed assets -€6,087
down €6,087 (-57.0%), from €10,682 to €4,595
of which Plant, machinery and equipment: -€5,679
- Stocks and contracts -€3,987
down €3,987 (-46.9%), from €8,508 to €4,521
- Deferred charges and accrued income -€2,586
no longer reported in 2025 (was €2,586)
- Reserves +€35,000
up €35,000 (+1,750%), from €2,000 to €37,000
of which Distributable reserves: +€35,000
- Profit (loss) carried forward -€31,560
down €31,560 (-79.4%), from €39,749 to €8,189
- Current portion of long-term debt +€22,050
up €22,050 (+1,696%), from €1,300 to €23,350
- Other debts -€9,467
no longer reported in 2025 (was €9,467)
- Trade debts +€5,253
up €5,253 (+57.2%), from €9,186 to €14,439
- Gross operating margin -€11,047
down €11,047 (-47.5%), from €23,274 to €12,228
- Financial charges +€1,379
up €1,379 (+301%), from €457 to €1,836
- Depreciation -€1,071
down €1,071 (-26.1%), from €4,102 to €3,031
- Other operating charges -€304
down €304 (-9.8%), from €3,081 to €2,778
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 | €71,355 | €89,176 | +€17,821 | +25.0% |
| Fixed assets | 21/28 | €10,902 | €4,595 | -€6,307 | -57.9% |
| Tangible fixed assets | 22/27 | €10,682 | €4,595 | -€6,087 | -57.0% |
| Plant, machinery and equipment | 23 | €7,626 | €1,947 | -€5,679 | -74.5% |
| Furniture and vehicles | 24 | €3,056 | - | -€3,056 | |
| Other tangible fixed assets | 26 | - | €2,648 | +€2,648 | |
| Financial fixed assets | 28 | €220 | - | -€220 | |
| Current assets | 29/58 | €60,453 | €84,581 | +€24,128 | +39.9% |
| Stocks and contracts in progress | 3 | €8,508 | €4,521 | -€3,987 | -46.9% |
| Stocks | 30/36 | €8,508 | €4,521 | -€3,987 | -46.9% |
| Amounts receivable within one year | 40/41 | €43,008 | €60,957 | +€17,949 | +41.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €43,008 | €60,957 | +€17,949 | +41.7% |
| Cash at bank and in hand | 54/58 | €6,352 | €19,103 | +€12,751 | +201% |
| Deferred charges and accrued income | 490/1 | €2,586 | - | -€2,586 | |
| Total equity and liabilities | 10/49 | €71,355 | €89,176 | +€17,821 | +25.0% |
| Equity | 10/15 | €47,947 | €51,387 | +€3,440 | +7.2% |
| Contributions | 10/11 | €6,198 | €6,198 | = | 0.0% |
| Reserves | 13 | €2,000 | €37,000 | +€35,000 | +1,750% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | - | €35,000 | +€35,000 | |
| Profit (loss) carried forward | 14 | €39,749 | €8,189 | -€31,560 | -79.4% |
| Amounts payable | 17/49 | €23,407 | €37,789 | +€14,382 | +61.4% |
| Amounts payable within one year | 42/48 | €23,407 | €37,789 | +€14,382 | +61.4% |
| Current portion of amounts payable after more than one year | 42 | €1,300 | €23,350 | +€22,050 | +1,696% |
| Trade debts | 44 | €9,186 | €14,439 | +€5,253 | +57.2% |
| Suppliers | 440/4 | €9,186 | €14,439 | +€5,253 | +57.2% |
| Taxes, remuneration and social security | 45 | €3,454 | - | -€3,454 | |
| Taxes | 450/3 | €3,454 | - | -€3,454 | |
| Other amounts payable | 47/48 | €9,467 | - | -€9,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,102 | €3,031 | -€1,071 | -26.1% |
| Other operating charges | 640/8 | €3,081 | €2,778 | -€304 | -9.8% |
| Non-recurring operating charges | 66A | €26,536 | €3,705 | -€22,830 | -86.0% |
| Gross operating margin | 9900 | €23,274 | €12,228 | -€11,047 | -47.5% |
| Operating profit (loss) | 9901 | -€10,445 | €2,713 | +€13,158 | |
| Financial income | 75/76B | €2,494 | €2,562 | +€68 | +2.7% |
| Recurring financial income | 75 | €2,494 | €2,562 | +€68 | +2.7% |
| Financial charges | 65/66B | €457 | €1,836 | +€1,379 | +301% |
| Recurring financial charges | 65 | €457 | €1,836 | +€1,379 | +301% |
| Profit (loss) for the period before taxes | 9903 | -€8,408 | €3,440 | +€11,847 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€8,408 | €3,440 | +€11,847 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,408 | €3,440 | +€11,847 |
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 19 October 2026 via checked.be.