ACTIONABILITY: 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.
ACTIONABILITY
Largest movements
- Receivables within one year -€47,792
down €47,792 (-93.7%), from €51,010 to €3,218
of which Trade receivables: -€48,729
- Cash +€44,526
up €44,526 (+63.8%), from €69,757 to €114,283
mainly Receivables within one year (+€47,792) and Net result for the year (+€22,775)
- Reserves +€98,329
new in 2025: €98,329
- Profit (loss) carried forward -€79,840
down €79,840 (-100.0%), from €79,840 to €0
- Tax, wage and social debts -€17,197
down €17,197 (-72.0%), from €23,897 to €6,699
- Trade debts -€5,030
down €5,030 (-91.6%), from €5,492 to €463
- Gross operating margin -€76,376
down €76,376 (-71.8%), from €106,427 to €30,051
- Taxes -€15,148
down €15,148 (-69.3%), from €21,847 to €6,699
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 | €123,543 | €119,995 | -€3,548 | -2.9% |
| Fixed assets | 21/28 | €2,776 | €2,494 | -€283 | -10.2% |
| Tangible fixed assets | 22/27 | €2,776 | €2,494 | -€283 | -10.2% |
| Land and buildings | 22 | €2,776 | €2,494 | -€283 | -10.2% |
| Current assets | 29/58 | €120,766 | €117,501 | -€3,266 | -2.7% |
| Amounts receivable within one year | 40/41 | €51,010 | €3,218 | -€47,792 | -93.7% |
| Trade receivables | 40 | €51,010 | €2,280 | -€48,729 | -95.5% |
| Other amounts receivable | 41 | - | €938 | +€938 | |
| Cash at bank and in hand | 54/58 | €69,757 | €114,283 | +€44,526 | +63.8% |
| Total equity and liabilities | 10/49 | €123,543 | €119,995 | -€3,548 | -2.9% |
| Equity | 10/15 | €89,840 | €108,329 | +€18,489 | +20.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €98,329 | +€98,329 | |
| Distributable reserves | 133 | - | €98,329 | +€98,329 | |
| Profit (loss) carried forward | 14 | €79,840 | €0 | -€79,840 | -100.0% |
| Amounts payable | 17/49 | €33,702 | €11,665 | -€22,037 | -65.4% |
| Amounts payable within one year | 42/48 | €33,702 | €11,665 | -€22,037 | -65.4% |
| Trade debts | 44 | €5,492 | €463 | -€5,030 | -91.6% |
| Suppliers | 440/4 | €5,492 | €463 | -€5,030 | -91.6% |
| Taxes, remuneration and social security | 45 | €23,897 | €6,699 | -€17,197 | -72.0% |
| Taxes | 450/3 | €23,897 | €6,699 | -€17,197 | -72.0% |
| Other amounts payable | 47/48 | €4,314 | €4,503 | +€190 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50 | €283 | +€233 | +470.3% |
| Other operating charges | 640/8 | €307 | €260 | -€46 | -15.1% |
| Gross operating margin | 9900 | €106,427 | €30,051 | -€76,376 | -71.8% |
| Operating profit (loss) | 9901 | €106,071 | €29,508 | -€76,563 | -72.2% |
| Financial income | 75/76B | - | €26 | +€26 | |
| Recurring financial income | 75 | - | €26 | +€26 | |
| Financial charges | 65/66B | €98 | €60 | -€38 | -38.7% |
| Recurring financial charges | 65 | €98 | €60 | -€38 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €105,973 | €29,474 | -€76,499 | -72.2% |
| Income taxes | 67/77 | €21,847 | €6,699 | -€15,148 | -69.3% |
| Profit (loss) for the period | 9904 | €84,126 | €22,775 | -€61,352 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | €84,126 | €22,775 | -€61,352 | -72.9% |
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 7 October 2026 via checked.be.