ALIGNED: 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.
ALIGNED
Largest movements
- Tangible fixed assets +€11,819
up €11,819 (+44.0%), from €26,868 to €38,687
of which Other tangible fixed assets: +€14,876
- Receivables within one year -€3,404
down €3,404 (-19.8%), from €17,155 to €13,751
of which Other amounts receivable: -€2,751
- Cash -€868
down €868 (-32.9%), from €2,638 to €1,770
mainly Investment in fixed assets (net) (-€20,003) and Other debts (-€1,000)
- Debts after one year +€3,910
up €3,910 (+24.6%), from €15,867 to €19,777
- Current portion of long-term debt +€1,990
up €1,990 (+54.6%), from €3,645 to €5,635
- Trade debts +€1,755
up €1,755 (+44.0%), from €3,987 to €5,742
- Other debts -€1,000
down €1,000 (-100.0%), from €1,000 to €0
- Profit (loss) carried forward +€778
up €778 (+9.1%), from €8,518 to €9,296
- Depreciation +€6,488
up €6,488 (+293.9%), from €2,208 to €8,696
- Gross operating margin +€3,178
up €3,178 (+28.5%), from €11,147 to €14,326
- Taxes -€1,118
down €1,118 (-58.3%), from €1,919 to €801
- Financial charges +€785
up €785 (+47.5%), from €1,654 to €2,439
- Financial income -€225
down €225 (-52.6%), from €429 to €203
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 | €49,132 | €56,217 | +€7,084 | +14.4% |
| Formation expenses | 20 | €836 | €324 | -€513 | -61.3% |
| Fixed assets | 21/28 | €26,868 | €38,687 | +€11,819 | +44.0% |
| Tangible fixed assets | 22/27 | €26,868 | €38,687 | +€11,819 | +44.0% |
| Plant, machinery and equipment | 23 | €145 | €54 | -€91 | -62.6% |
| Furniture and vehicles | 24 | €26,723 | €23,756 | -€2,967 | -11.1% |
| Other tangible fixed assets | 26 | - | €14,876 | +€14,876 | |
| Current assets | 29/58 | €21,428 | €17,206 | -€4,222 | -19.7% |
| Amounts receivable within one year | 40/41 | €17,155 | €13,751 | -€3,404 | -19.8% |
| Trade receivables | 40 | €12,037 | €11,383 | -€654 | -5.4% |
| Other amounts receivable | 41 | €5,119 | €2,368 | -€2,751 | -53.7% |
| Cash at bank and in hand | 54/58 | €2,638 | €1,770 | -€868 | -32.9% |
| Deferred charges and accrued income | 490/1 | €1,635 | €1,685 | +€50 | +3.1% |
| Total equity and liabilities | 10/49 | €49,132 | €56,217 | +€7,084 | +14.4% |
| Equity | 10/15 | €9,518 | €10,296 | +€778 | +8.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,518 | €9,296 | +€778 | +9.1% |
| Amounts payable | 17/49 | €39,614 | €45,921 | +€6,306 | +15.9% |
| Amounts payable after more than one year | 17 | €15,867 | €19,777 | +€3,910 | +24.6% |
| Financial debts | 170/4 | €15,867 | €19,777 | +€3,910 | +24.6% |
| Amounts payable within one year | 42/48 | €23,637 | €26,025 | +€2,388 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €3,645 | €5,635 | +€1,990 | +54.6% |
| Trade debts | 44 | €3,987 | €5,742 | +€1,755 | +44.0% |
| Suppliers | 440/4 | €3,987 | €5,742 | +€1,755 | +44.0% |
| Taxes, remuneration and social security | 45 | €15,005 | €14,648 | -€357 | -2.4% |
| Taxes | 450/3 | €11,354 | €10,998 | -€356 | -3.1% |
| Remuneration and social security | 454/9 | €3,652 | €3,650 | -€2 | 0.0% |
| Other amounts payable | 47/48 | €1,000 | €0 | -€1,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €110 | €118 | +€9 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,208 | €8,696 | +€6,488 | +293.9% |
| Other operating charges | 640/8 | €1,790 | €1,814 | +€25 | +1.4% |
| Non-recurring operating charges | 66A | €213 | €0 | -€213 | -100.0% |
| Gross operating margin | 9900 | €11,147 | €14,326 | +€3,178 | +28.5% |
| Operating profit (loss) | 9901 | €6,937 | €3,815 | -€3,122 | -45.0% |
| Financial income | 75/76B | €429 | €203 | -€225 | -52.6% |
| Recurring financial income | 75 | €429 | €203 | -€225 | -52.6% |
| Financial charges | 65/66B | €1,654 | €2,439 | +€785 | +47.5% |
| Recurring financial charges | 65 | €1,654 | €2,439 | +€785 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €5,712 | €1,579 | -€4,133 | -72.4% |
| Income taxes | 67/77 | €1,919 | €801 | -€1,118 | -58.3% |
| Profit (loss) for the period | 9904 | €3,793 | €778 | -€3,015 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,793 | €778 | -€3,015 | -79.5% |
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 12 October 2026 via checked.be.