ALL SEE: 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 SEE
Largest movements
- Receivables within one year -€79,503
down €79,503 (-28.6%), from €277,503 to €198,001
of which Trade receivables: -€64,787
- Tangible fixed assets -€22,061
down €22,061 (-25.2%), from €87,563 to €65,502
of which Furniture and vehicles: -€19,996
- Cash -€5,538
down €5,538 (-12.5%), from €44,343 to €38,805
mainly Trade debts (-€48,686) and Net result for the year (-€24,352)
- Trade debts -€48,686
down €48,686 (-27.6%), from €176,614 to €127,928
- Profit (loss) carried forward -€24,352
down €24,352, from €20,650 to -€3,702
- Tax, wage and social debts -€18,839
down €18,839 (-33.2%), from €56,751 to €37,911
of which Taxes: -€21,022
- Debts after one year -€12,901
down €12,901 (-29.6%), from €43,543 to €30,642
- Gross operating margin -€11,989
down €11,989 (-5.4%), from €223,653 to €211,664
- Write-downs -€7,031
new in 2025: -€7,031
- Other operating charges +€6,683
up €6,683 (+221%), from €3,030 to €9,712
- Staff costs +€6,364
up €6,364 (+3.2%), from €196,186 to €202,550
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 | €410,160 | €305,567 | -€104,593 | -25.5% |
| Fixed assets | 21/28 | €87,813 | €65,752 | -€22,061 | -25.1% |
| Tangible fixed assets | 22/27 | €87,563 | €65,502 | -€22,061 | -25.2% |
| Plant, machinery and equipment | 23 | €10,729 | €9,508 | -€1,221 | -11.4% |
| Furniture and vehicles | 24 | €75,140 | €55,144 | -€19,996 | -26.6% |
| Other tangible fixed assets | 26 | €1,694 | €850 | -€844 | -49.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €322,346 | €239,815 | -€82,532 | -25.6% |
| Amounts receivable within one year | 40/41 | €277,503 | €198,001 | -€79,503 | -28.6% |
| Trade receivables | 40 | €260,484 | €195,698 | -€64,787 | -24.9% |
| Other amounts receivable | 41 | €17,019 | €2,303 | -€14,716 | -86.5% |
| Cash at bank and in hand | 54/58 | €44,343 | €38,805 | -€5,538 | -12.5% |
| Deferred charges and accrued income | 490/1 | €500 | €3,009 | +€2,509 | +502% |
| Total equity and liabilities | 10/49 | €410,160 | €305,567 | -€104,593 | -25.5% |
| Equity | 10/15 | €119,110 | €94,759 | -€24,352 | -20.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | - | -€20,460 | |
| Other | 1109/19 | €20,460 | - | -€20,460 | |
| Reserves | 13 | €78,000 | €78,000 | = | 0.0% |
| Distributable reserves | 133 | €78,000 | €78,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,650 | -€3,702 | -€24,352 | |
| Amounts payable | 17/49 | €291,049 | €210,808 | -€80,241 | -27.6% |
| Amounts payable after more than one year | 17 | €43,543 | €30,642 | -€12,901 | -29.6% |
| Financial debts | 170/4 | €43,543 | €30,642 | -€12,901 | -29.6% |
| Amounts payable within one year | 42/48 | €247,506 | €180,166 | -€67,340 | -27.2% |
| Current portion of amounts payable after more than one year | 42 | €12,480 | €12,901 | +€422 | +3.4% |
| Trade debts | 44 | €176,614 | €127,928 | -€48,686 | -27.6% |
| Suppliers | 440/4 | €176,614 | €127,928 | -€48,686 | -27.6% |
| Taxes, remuneration and social security | 45 | €56,751 | €37,911 | -€18,839 | -33.2% |
| Taxes | 450/3 | €34,894 | €13,872 | -€21,022 | -60.2% |
| Remuneration and social security | 454/9 | €21,857 | €24,040 | +€2,183 | +10.0% |
| Other amounts payable | 47/48 | €1,662 | €1,426 | -€236 | -14.2% |
| Remuneration, social security and pensions | 62 | €196,186 | €202,550 | +€6,364 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,343 | €27,569 | +€1,226 | +4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,031 | -€7,031 | |
| Other operating charges | 640/8 | €3,030 | €9,712 | +€6,683 | +221% |
| Non-recurring operating charges | 66A | €104 | - | -€104 | |
| Gross operating margin | 9900 | €223,653 | €211,664 | -€11,989 | -5.4% |
| Operating profit (loss) | 9901 | -€2,010 | -€21,136 | -€19,126 | -952% |
| Financial charges | 65/66B | €3,382 | €2,196 | -€1,186 | -35.1% |
| Recurring financial charges | 65 | €3,382 | €2,196 | -€1,186 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,392 | -€23,332 | -€17,940 | -333% |
| Income taxes | 67/77 | -€96 | €1,020 | +€1,116 | |
| Profit (loss) for the period | 9904 | -€5,295 | -€24,352 | -€19,056 | -360% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,295 | -€24,352 | -€19,056 | -360% |
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 17 October 2026 via checked.be.