ALEXANDRE VIDAL: 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.
ALEXANDRE VIDAL
Largest movements
- Receivables within one year +€1,746
up €1,746 (+110.0%), from €1,587 to €3,333
of which Trade receivables: +€1,709
- Cash +€919
up €919 (+30.0%), from €3,062 to €3,981
mainly Other debts (+€14,821) and Tax, wage and social debts (+€2,827)
- Profit (loss) carried forward -€16,457
down €16,457, from €9,977 to -€6,481
- Other debts +€14,821
up €14,821 (+126.8%), from €11,692 to €26,514
- Tax, wage and social debts +€2,827
up €2,827 (+23.0%), from €12,307 to €15,134
- Trade debts +€1,474
up €1,474 (+60.0%), from €2,456 to €3,930
- Gross operating margin -€19,525
down €19,525, from €12,111 to -€7,414
- Staff costs -€2,223
down €2,223 (-25.7%), from €8,632 to €6,409
- Taxes +€218
up €218 (+51.8%), from €421 to €640
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 | €61,432 | €64,097 | +€2,665 | +4.3% |
| Fixed assets | 21/28 | €261 | €261 | = | 0.0% |
| Financial fixed assets | 28 | €261 | €261 | = | 0.0% |
| Current assets | 29/58 | €61,171 | €63,836 | +€2,665 | +4.4% |
| Stocks and contracts in progress | 3 | €56,522 | €56,522 | = | 0.0% |
| Stocks | 30/36 | €56,522 | €56,522 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,587 | €3,333 | +€1,746 | +110.0% |
| Trade receivables | 40 | €1,573 | €3,282 | +€1,709 | +108.7% |
| Other amounts receivable | 41 | €14 | €51 | +€37 | +268.6% |
| Cash at bank and in hand | 54/58 | €3,062 | €3,981 | +€919 | +30.0% |
| Total equity and liabilities | 10/49 | €61,432 | €64,097 | +€2,665 | +4.3% |
| Equity | 10/15 | €34,977 | €18,519 | -€16,457 | -47.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,977 | -€6,481 | -€16,457 | |
| Amounts payable | 17/49 | €26,455 | €45,578 | +€19,122 | +72.3% |
| Amounts payable within one year | 42/48 | €26,455 | €45,578 | +€19,122 | +72.3% |
| Trade debts | 44 | €2,456 | €3,930 | +€1,474 | +60.0% |
| Suppliers | 440/4 | €2,456 | €3,930 | +€1,474 | +60.0% |
| Taxes, remuneration and social security | 45 | €12,307 | €15,134 | +€2,827 | +23.0% |
| Remuneration and social security | 454/9 | €12,307 | €15,134 | +€2,827 | +23.0% |
| Other amounts payable | 47/48 | €11,692 | €26,514 | +€14,821 | +126.8% |
| Remuneration, social security and pensions | 62 | €8,632 | €6,409 | -€2,223 | -25.7% |
| Other operating charges | 640/8 | €1,858 | €1,895 | +€37 | +2.0% |
| Gross operating margin | 9900 | €12,111 | -€7,414 | -€19,525 | |
| Operating profit (loss) | 9901 | €1,621 | -€15,718 | -€17,339 | |
| Financial charges | 65/66B | €160 | €100 | -€61 | -37.8% |
| Recurring financial charges | 65 | €160 | €100 | -€61 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €1,461 | -€15,818 | -€17,279 | |
| Income taxes | 67/77 | €421 | €640 | +€218 | +51.8% |
| Profit (loss) for the period | 9904 | €1,040 | -€16,457 | -€17,497 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,040 | -€16,457 | -€17,497 |
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 6 October 2026 via checked.be.