ALL-IN-ONE BOX: 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.
ALL-IN-ONE BOX
Largest movements
- Receivables within one year +€20,003
up €20,003 (+127%), from €15,783 to €35,786
of which Other amounts receivable: +€13,366
- Tangible fixed assets -€15,357
down €15,357 (-40.7%), from €37,692 to €22,335
- Cash -€14,112
down €14,112 (-49.2%), from €28,659 to €14,547
mainly Receivables within one year (-€20,003) and Tax, wage and social debts (-€18,374)
- Trade debts +€22,517
up €22,517 (+108%), from €20,858 to €43,375
- Tax, wage and social debts -€18,374
down €18,374 (-74.0%), from €24,841 to €6,466
of which Remuneration and social security: -€14,356
- Reserves -€11,000
down €11,000 (-44.0%), from €25,000 to €14,000
- Debts after one year -€3,935
down €3,935 (-56.7%), from €6,937 to €3,003
- Current portion of long-term debt -€1,662
down €1,662 (-29.7%), from €5,597 to €3,935
- Gross operating margin -€50,353
down €50,353 (-49.2%), from €102,274 to €51,921
- Staff costs -€26,523
down €26,523 (-36.9%), from €71,904 to €45,381
- Taxes -€3,995
no longer reported in 2025 (was €3,995)
- Financial income +€2,867
up €2,867 (+397%), from €723 to €3,590
- Depreciation +€1,090
up €1,090 (+7.3%), from €15,008 to €16,098
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 | €86,377 | €75,760 | -€10,617 | -12.3% |
| Fixed assets | 21/28 | €39,225 | €23,127 | -€16,098 | -41.0% |
| Intangible fixed assets | 21 | €1,533 | €792 | -€741 | -48.3% |
| Tangible fixed assets | 22/27 | €37,692 | €22,335 | -€15,357 | -40.7% |
| Plant, machinery and equipment | 23 | €20,433 | €13,387 | -€7,045 | -34.5% |
| Furniture and vehicles | 24 | €15,540 | €8,429 | -€7,111 | -45.8% |
| Other tangible fixed assets | 26 | €1,719 | €519 | -€1,200 | -69.8% |
| Current assets | 29/58 | €47,152 | €52,633 | +€5,481 | +11.6% |
| Stocks and contracts in progress | 3 | €2,500 | €2,300 | -€200 | -8.0% |
| Stocks | 30/36 | €2,500 | €2,300 | -€200 | -8.0% |
| Amounts receivable within one year | 40/41 | €15,783 | €35,786 | +€20,003 | +127% |
| Trade receivables | 40 | €15,604 | €22,241 | +€6,637 | +42.5% |
| Other amounts receivable | 41 | €180 | €13,545 | +€13,366 | +7,443% |
| Cash at bank and in hand | 54/58 | €28,659 | €14,547 | -€14,112 | -49.2% |
| Deferred charges and accrued income | 490/1 | €210 | - | -€210 | |
| Total equity and liabilities | 10/49 | €86,377 | €75,760 | -€10,617 | -12.3% |
| Equity | 10/15 | €27,352 | €16,851 | -€10,501 | -38.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €25,000 | €14,000 | -€11,000 | -44.0% |
| Distributable reserves | 133 | €25,000 | €14,000 | -€11,000 | -44.0% |
| Profit (loss) carried forward | 14 | €352 | €851 | +€499 | +142% |
| Amounts payable | 17/49 | €59,025 | €58,909 | -€116 | -0.2% |
| Amounts payable after more than one year | 17 | €6,937 | €3,003 | -€3,935 | -56.7% |
| Financial debts | 170/4 | €6,937 | €3,003 | -€3,935 | -56.7% |
| Amounts payable within one year | 42/48 | €52,087 | €55,906 | +€3,819 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | €5,597 | €3,935 | -€1,662 | -29.7% |
| Trade debts | 44 | €20,858 | €43,375 | +€22,517 | +108% |
| Suppliers | 440/4 | €20,858 | €43,375 | +€22,517 | +108% |
| Taxes, remuneration and social security | 45 | €24,841 | €6,466 | -€18,374 | -74.0% |
| Taxes | 450/3 | €7,983 | €3,964 | -€4,018 | -50.3% |
| Remuneration and social security | 454/9 | €16,858 | €2,502 | -€14,356 | -85.2% |
| Other amounts payable | 47/48 | €792 | €2,131 | +€1,339 | +169% |
| Remuneration, social security and pensions | 62 | €71,904 | €45,381 | -€26,523 | -36.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,008 | €16,098 | +€1,090 | +7.3% |
| Other operating charges | 640/8 | €1,041 | €1,188 | +€147 | +14.1% |
| Gross operating margin | 9900 | €102,274 | €51,921 | -€50,353 | -49.2% |
| Operating profit (loss) | 9901 | €14,322 | -€10,746 | -€25,067 | |
| Financial income | 75/76B | €723 | €3,590 | +€2,867 | +397% |
| Recurring financial income | 75 | €723 | €3,590 | +€2,867 | +397% |
| Financial charges | 65/66B | €2,812 | €3,346 | +€533 | +19.0% |
| Recurring financial charges | 65 | €2,812 | €3,346 | +€533 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €12,232 | -€10,501 | -€22,734 | |
| Income taxes | 67/77 | €3,995 | - | -€3,995 | |
| Profit (loss) for the period | 9904 | €8,238 | -€10,501 | -€18,739 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,238 | -€10,501 | -€18,739 |
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 22 October 2026 via checked.be.