ACTIVE BUSINESS: 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.
ACTIVE BUSINESS
Largest movements
- Tangible fixed assets -€11,021
down €11,021 (-31.6%), from €34,886 to €23,866
of which Leasing and similar rights: -€10,720
- Cash +€2,007
up €2,007 (+45.7%), from €4,393 to €6,400
mainly Depreciation (+€13,058) and Net result for the year (+€9,140)
- Deferred charges and accrued income -€1,136
down €1,136 (-37.8%), from €3,009 to €1,873
- Profit (loss) carried forward +€9,140
up €9,140 (+26.7%), from -€34,222 to -€25,082
- Trade debts -€8,690
down €8,690 (-24.6%), from €35,387 to €26,697
- Debts after one year -€7,630
down €7,630 (-30.8%), from €24,787 to €17,157
- Other debts -€6,854
down €6,854 (-39.1%), from €17,528 to €10,674
- Tax, wage and social debts +€5,400
up €5,400 (+122%), from €4,419 to €9,819
of which Taxes: +€5,400
- Gross operating margin +€12,626
up €12,626 (+71.0%), from €17,776 to €30,402
- Taxes +€2,876
up €2,876 (+1,385%), from €208 to €3,084
- Write-downs +€1,882
new in 2025: €1,882
- Depreciation -€1,674
down €1,674 (-11.4%), from €14,732 to €13,058
- Financial charges -€1,624
down €1,624 (-38.8%), from €4,182 to €2,558
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 | €64,450 | €53,712 | -€10,738 | -16.7% |
| Fixed assets | 21/28 | €34,886 | €23,866 | -€11,021 | -31.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €34,886 | €23,866 | -€11,021 | -31.6% |
| Plant, machinery and equipment | 23 | €2,820 | €3,136 | +€316 | +11.2% |
| Furniture and vehicles | 24 | €1,234 | €617 | -€617 | -50.0% |
| Leasing and similar rights | 25 | €30,832 | €20,112 | -€10,720 | -34.8% |
| Current assets | 29/58 | €29,564 | €29,846 | +€282 | +1.0% |
| Amounts receivable within one year | 40/41 | €22,162 | €21,573 | -€588 | -2.7% |
| Trade receivables | 40 | €21,762 | €21,147 | -€614 | -2.8% |
| Other amounts receivable | 41 | €400 | €426 | +€26 | +6.5% |
| Cash at bank and in hand | 54/58 | €4,393 | €6,400 | +€2,007 | +45.7% |
| Deferred charges and accrued income | 490/1 | €3,009 | €1,873 | -€1,136 | -37.8% |
| Total equity and liabilities | 10/49 | €64,450 | €53,712 | -€10,738 | -16.7% |
| Equity | 10/15 | -€27,405 | -€18,265 | +€9,140 | +33.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,222 | -€25,082 | +€9,140 | +26.7% |
| Amounts payable | 17/49 | €91,855 | €71,977 | -€19,878 | -21.6% |
| Amounts payable after more than one year | 17 | €24,787 | €17,157 | -€7,630 | -30.8% |
| Financial debts | 170/4 | €24,787 | €17,157 | -€7,630 | -30.8% |
| Amounts payable within one year | 42/48 | €66,768 | €54,820 | -€11,948 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €9,434 | €7,630 | -€1,804 | -19.1% |
| Trade debts | 44 | €35,387 | €26,697 | -€8,690 | -24.6% |
| Suppliers | 440/4 | €35,387 | €26,697 | -€8,690 | -24.6% |
| Taxes, remuneration and social security | 45 | €4,419 | €9,819 | +€5,400 | +122% |
| Taxes | 450/3 | €2,519 | €7,919 | +€5,400 | +214% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | €17,528 | €10,674 | -€6,854 | -39.1% |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,732 | €13,058 | -€1,674 | -11.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,882 | +€1,882 | |
| Other operating charges | 640/8 | €714 | €682 | -€33 | -4.6% |
| Gross operating margin | 9900 | €17,776 | €30,402 | +€12,626 | +71.0% |
| Operating profit (loss) | 9901 | €2,330 | €14,781 | +€12,452 | +535% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,182 | €2,558 | -€1,624 | -38.8% |
| Recurring financial charges | 65 | €4,182 | €2,558 | -€1,624 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,852 | €12,224 | +€14,076 | |
| Income taxes | 67/77 | €208 | €3,084 | +€2,876 | +1,385% |
| Profit (loss) for the period | 9904 | -€2,060 | €9,140 | +€11,200 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,060 | €9,140 | +€11,200 |
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 13 October 2026 via checked.be.