ALL CONCEPTS: 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.
ALL CONCEPTS
Largest movements
- Cash -€8,148
down €8,148 (-5.1%), from €159,093 to €150,945
mainly Investment in fixed assets (net) (-€11,579) and Other debts (-€3,899)
- Other debts -€3,899
down €3,899 (-48.3%), from €8,079 to €4,180
- Tax, wage and social debts -€2,798
down €2,798 (-43.0%), from €6,504 to €3,706
- Gross operating margin -€64,993
down €64,993 (-74.1%), from €87,736 to €22,743
- Taxes -€7,811
down €7,811 (-38.9%), from €20,088 to €12,276
- Depreciation +€1,119
up €1,119 (+11.3%), from €9,892 to €11,011
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 | €199,763 | €193,297 | -€6,466 | -3.2% |
| Fixed assets | 21/28 | €24,154 | €24,723 | +€568 | +2.4% |
| Tangible fixed assets | 22/27 | €24,154 | €24,723 | +€568 | +2.4% |
| Plant, machinery and equipment | 23 | €3,392 | €10,946 | +€7,554 | +222.7% |
| Furniture and vehicles | 24 | €20,763 | €13,777 | -€6,986 | -33.6% |
| Current assets | 29/58 | €175,608 | €168,574 | -€7,034 | -4.0% |
| Amounts receivable within one year | 40/41 | €16,419 | €16,619 | +€200 | +1.2% |
| Trade receivables | 40 | €16,419 | €11,619 | -€4,800 | -29.2% |
| Other amounts receivable | 41 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €159,093 | €150,945 | -€8,148 | -5.1% |
| Deferred charges and accrued income | 490/1 | €96 | €1,009 | +€913 | +951.5% |
| Total equity and liabilities | 10/49 | €199,763 | €193,297 | -€6,466 | -3.2% |
| Equity | 10/15 | €184,115 | €183,498 | -€617 | -0.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €158,760 | €157,860 | -€900 | -0.6% |
| Tax-exempt reserves | 132 | €4,900 | - | -€4,900 | |
| Distributable reserves | 133 | €153,860 | €157,860 | +€4,000 | +2.6% |
| Profit (loss) carried forward | 14 | €19,155 | €19,438 | +€283 | +1.5% |
| Amounts payable | 17/49 | €15,648 | €9,799 | -€5,849 | -37.4% |
| Amounts payable within one year | 42/48 | €14,596 | €9,202 | -€5,395 | -37.0% |
| Trade debts | 44 | €13 | €1,315 | +€1,303 | +10121.2% |
| Suppliers | 440/4 | €13 | €1,315 | +€1,303 | +10121.2% |
| Taxes, remuneration and social security | 45 | €6,504 | €3,706 | -€2,798 | -43.0% |
| Taxes | 450/3 | €6,504 | €3,706 | -€2,798 | -43.0% |
| Other amounts payable | 47/48 | €8,079 | €4,180 | -€3,899 | -48.3% |
| Accrued charges and deferred income | 492/3 | €1,052 | €597 | -€454 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,892 | €11,011 | +€1,119 | +11.3% |
| Other operating charges | 640/8 | €882 | €843 | -€38 | -4.4% |
| Gross operating margin | 9900 | €87,736 | €22,743 | -€64,993 | -74.1% |
| Operating profit (loss) | 9901 | €76,962 | €10,889 | -€66,073 | -85.9% |
| Financial income | 75/76B | €299 | €970 | +€671 | +224.4% |
| Recurring financial income | 75 | €299 | €970 | +€671 | +224.4% |
| Financial charges | 65/66B | €161 | €200 | +€39 | +24.0% |
| Recurring financial charges | 65 | €161 | €200 | +€39 | +24.0% |
| Profit (loss) for the period before taxes | 9903 | €77,100 | €11,659 | -€65,441 | -84.9% |
| Income taxes | 67/77 | €20,088 | €12,276 | -€7,811 | -38.9% |
| Profit (loss) for the period | 9904 | €57,013 | -€617 | -€57,630 | |
| Transfer from tax-exempt reserves | 789 | - | €4,900 | +€4,900 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,013 | €4,283 | -€52,730 | -92.5% |
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 5 October 2026 via checked.be.