ALL CONSTRUCTS: 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 CONSTRUCTS
Largest movements
- Receivables within one year -€56,007
down €56,007 (-28.7%), from €195,384 to €139,377
of which Trade receivables: -€53,281
- Cash +€9,297
up €9,297 (+147.5%), from €6,304 to €15,601
mainly Receivables within one year (+€56,007) and Net result for the year (+€8,377)
- Tangible fixed assets -€2,839
down €2,839 (-57.4%), from €4,947 to €2,108
- Trade debts -€62,158
down €62,158 (-76.8%), from €80,920 to €18,762
- Profit (loss) carried forward +€8,377
up €8,377 (+24.1%), from €34,687 to €43,063
- Tax, wage and social debts +€4,576
up €4,576 (+37.8%), from €12,095 to €16,670
- Gross operating margin -€35,739
down €35,739 (-67.2%), from €53,171 to €17,432
- Taxes -€7,519
down €7,519 (-62.2%), from €12,095 to €4,576
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 | €208,893 | €159,688 | -€49,205 | -23.6% |
| Fixed assets | 21/28 | €4,947 | €2,108 | -€2,839 | -57.4% |
| Tangible fixed assets | 22/27 | €4,947 | €2,108 | -€2,839 | -57.4% |
| Furniture and vehicles | 24 | €4,947 | €2,108 | -€2,839 | -57.4% |
| Current assets | 29/58 | €203,946 | €157,580 | -€46,366 | -22.7% |
| Stocks and contracts in progress | 3 | €1,520 | €2,150 | +€630 | +41.4% |
| Stocks | 30/36 | €1,520 | €2,150 | +€630 | +41.4% |
| Amounts receivable within one year | 40/41 | €195,384 | €139,377 | -€56,007 | -28.7% |
| Trade receivables | 40 | €67,752 | €14,471 | -€53,281 | -78.6% |
| Other amounts receivable | 41 | €127,632 | €124,906 | -€2,726 | -2.1% |
| Cash at bank and in hand | 54/58 | €6,304 | €15,601 | +€9,297 | +147.5% |
| Deferred charges and accrued income | 490/1 | €739 | €452 | -€287 | -38.8% |
| Total equity and liabilities | 10/49 | €208,893 | €159,688 | -€49,205 | -23.6% |
| Equity | 10/15 | €115,879 | €124,255 | +€8,377 | +7.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €62,600 | €62,600 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,870 | €1,870 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,870 | €1,870 | = | 0.0% |
| Distributable reserves | 133 | €60,730 | €60,730 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,687 | €43,063 | +€8,377 | +24.1% |
| Amounts payable | 17/49 | €93,014 | €35,432 | -€57,582 | -61.9% |
| Amounts payable within one year | 42/48 | €93,014 | €35,432 | -€57,582 | -61.9% |
| Trade debts | 44 | €80,920 | €18,762 | -€62,158 | -76.8% |
| Suppliers | 440/4 | €80,920 | €18,762 | -€62,158 | -76.8% |
| Taxes, remuneration and social security | 45 | €12,095 | €16,670 | +€4,576 | +37.8% |
| Taxes | 450/3 | €12,095 | €16,670 | +€4,576 | +37.8% |
| Remuneration, social security and pensions | 62 | €135 | - | -€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,762 | €1,555 | -€207 | -11.8% |
| Other operating charges | 640/8 | €2,320 | €2,783 | +€463 | +20.0% |
| Gross operating margin | 9900 | €53,171 | €17,432 | -€35,739 | -67.2% |
| Operating profit (loss) | 9901 | €48,955 | €13,095 | -€35,860 | -73.3% |
| Financial income | 75/76B | €88 | - | -€88 | |
| Recurring financial income | 75 | €88 | - | -€88 | |
| Financial charges | 65/66B | €460 | €143 | -€318 | -69.0% |
| Recurring financial charges | 65 | €460 | €143 | -€318 | -69.0% |
| Profit (loss) for the period before taxes | 9903 | €48,583 | €12,952 | -€35,630 | -73.3% |
| Income taxes | 67/77 | €12,095 | €4,576 | -€7,519 | -62.2% |
| Profit (loss) for the period | 9904 | €36,488 | €8,377 | -€28,111 | -77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,488 | €8,377 | -€28,111 | -77.0% |
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 29 September 2026 via checked.be.