AFTER JULY: 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.
AFTER JULY
Largest movements
- Cash -€14,161
down €14,161 (-77.9%), from €18,180 to €4,019
mainly Net result for the year (-€15,915) and Investment in fixed assets (net) (-€10,877)
- Receivables within one year -€12,266
down €12,266 (-33.2%), from €36,957 to €24,691
of which Other amounts receivable: -€6,841
- Tangible fixed assets +€2,706
up €2,706 (+13.7%), from €19,797 to €22,503
of which Leasing and similar rights: +€10,440
- Profit (loss) carried forward -€15,915
down €15,915 (-66.9%), from €23,796 to €7,881
- Tax, wage and social debts -€8,857
down €8,857 (-99.3%), from €8,921 to €64
- Trade debts -€5,675
down €5,675 (-40.7%), from €13,931 to €8,256
- Current portion of long-term debt +€5,323
up €5,323 (+161%), from €3,308 to €8,631
- Debts after one year +€1,415
up €1,415 (+28.5%), from €4,960 to €6,375
- Gross operating margin -€14,056
down €14,056, from €4,980 to -€9,076
- Other operating charges -€2,541
down €2,541 (-92.4%), from €2,750 to €209
- Depreciation +€2,228
up €2,228 (+37.5%), from €5,943 to €8,171
- Financial income +€2,179
new in 2025: €2,179
- Financial charges -€1,039
down €1,039 (-62.0%), from €1,677 to €638
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 | €75,004 | €51,213 | -€23,791 | -31.7% |
| Fixed assets | 21/28 | €19,797 | €22,503 | +€2,706 | +13.7% |
| Tangible fixed assets | 22/27 | €19,797 | €22,503 | +€2,706 | +13.7% |
| Plant, machinery and equipment | 23 | €3,582 | €3,076 | -€506 | -14.1% |
| Furniture and vehicles | 24 | €16,215 | €8,987 | -€7,228 | -44.6% |
| Leasing and similar rights | 25 | - | €10,440 | +€10,440 | |
| Current assets | 29/58 | €55,207 | €28,710 | -€26,497 | -48.0% |
| Amounts receivable within one year | 40/41 | €36,957 | €24,691 | -€12,266 | -33.2% |
| Trade receivables | 40 | €20,125 | €14,700 | -€5,425 | -27.0% |
| Other amounts receivable | 41 | €16,832 | €9,991 | -€6,841 | -40.6% |
| Cash at bank and in hand | 54/58 | €18,180 | €4,019 | -€14,161 | -77.9% |
| Deferred charges and accrued income | 490/1 | €70 | - | -€70 | |
| Total equity and liabilities | 10/49 | €75,004 | €51,213 | -€23,791 | -31.7% |
| Equity | 10/15 | €43,796 | €27,881 | -€15,915 | -36.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,796 | €7,881 | -€15,915 | -66.9% |
| Amounts payable | 17/49 | €31,208 | €23,332 | -€7,876 | -25.2% |
| Amounts payable after more than one year | 17 | €4,960 | €6,375 | +€1,415 | +28.5% |
| Financial debts | 170/4 | €4,960 | €6,375 | +€1,415 | +28.5% |
| Amounts payable within one year | 42/48 | €26,248 | €16,957 | -€9,291 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €3,308 | €8,631 | +€5,323 | +161% |
| Trade debts | 44 | €13,931 | €8,256 | -€5,675 | -40.7% |
| Suppliers | 440/4 | €13,931 | €8,256 | -€5,675 | -40.7% |
| Taxes, remuneration and social security | 45 | €8,921 | €64 | -€8,857 | -99.3% |
| Taxes | 450/3 | €8,921 | €64 | -€8,857 | -99.3% |
| Other amounts payable | 47/48 | €88 | €6 | -€82 | -93.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,943 | €8,171 | +€2,228 | +37.5% |
| Other operating charges | 640/8 | €2,750 | €209 | -€2,541 | -92.4% |
| Gross operating margin | 9900 | €4,980 | -€9,076 | -€14,056 | |
| Operating profit (loss) | 9901 | -€3,713 | -€17,456 | -€13,743 | -370% |
| Financial income | 75/76B | - | €2,179 | +€2,179 | |
| Recurring financial income | 75 | - | €2,179 | +€2,179 | |
| Financial charges | 65/66B | €1,677 | €638 | -€1,039 | -62.0% |
| Recurring financial charges | 65 | €1,677 | €638 | -€1,039 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,390 | -€15,915 | -€10,525 | -195% |
| Income taxes | 67/77 | €65 | - | -€65 | |
| Profit (loss) for the period | 9904 | -€5,455 | -€15,915 | -€10,460 | -192% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,455 | -€15,915 | -€10,460 | -192% |
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 16 October 2026 via checked.be.