Anything is possible: 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.
Anything is possible
Largest movements
- Receivables within one year -€27,571
down €27,571 (-40.9%), from €67,338 to €39,766
of which Trade receivables: -€27,571
- Tangible fixed assets -€8,122
down €8,122 (-10.6%), from €76,551 to €68,429
of which Furniture and vehicles: -€6,994
- Reserves -€27,802
down €27,802 (-24.9%), from €111,575 to €83,773
- Debts after one year -€10,443
down €10,443 (-85.3%), from €12,237 to €1,795
- Trade debts +€2,941
up €2,941 (+184%), from €1,595 to €4,536
- Gross operating margin -€36,033
down €36,033, from €33,092 to -€2,941
- Write-downs +€10,000
new in 2025: €10,000
- Depreciation +€5,928
up €5,928 (+124%), from €4,790 to €10,718
- Other operating charges -€3,714
down €3,714 (-54.2%), from €6,846 to €3,132
- Taxes -€1,275
down €1,275 (-85.1%), from €1,498 to €223
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 | €184,277 | €147,036 | -€37,241 | -20.2% |
| Fixed assets | 21/28 | €111,851 | €103,729 | -€8,122 | -7.3% |
| Tangible fixed assets | 22/27 | €76,551 | €68,429 | -€8,122 | -10.6% |
| Furniture and vehicles | 24 | €46,841 | €39,846 | -€6,994 | -14.9% |
| Other tangible fixed assets | 26 | €29,710 | €28,583 | -€1,127 | -3.8% |
| Financial fixed assets | 28 | €35,300 | €35,300 | = | 0.0% |
| Current assets | 29/58 | €72,426 | €43,307 | -€29,119 | -40.2% |
| Amounts receivable within one year | 40/41 | €67,338 | €39,766 | -€27,571 | -40.9% |
| Trade receivables | 40 | €67,338 | €39,766 | -€27,571 | -40.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,440 | €2,943 | -€1,497 | -33.7% |
| Deferred charges and accrued income | 490/1 | €649 | €598 | -€51 | -7.9% |
| Total equity and liabilities | 10/49 | €184,277 | €147,036 | -€37,241 | -20.2% |
| Equity | 10/15 | €116,575 | €88,773 | -€27,802 | -23.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,575 | €83,773 | -€27,802 | -24.9% |
| Distributable reserves | 133 | €111,575 | €83,773 | -€27,802 | -24.9% |
| Amounts payable | 17/49 | €67,703 | €58,263 | -€9,439 | -13.9% |
| Amounts payable after more than one year | 17 | €12,237 | €1,795 | -€10,443 | -85.3% |
| Financial debts | 170/4 | €12,237 | €1,795 | -€10,443 | -85.3% |
| Amounts payable within one year | 42/48 | €55,465 | €56,469 | +€1,003 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €9,902 | €10,443 | +€540 | +5.5% |
| Financial debts | 43 | €3,197 | €2,475 | -€722 | -22.6% |
| Credit institutions | 430/8 | €3,197 | €0 | -€3,197 | -100% |
| Other loans | 439 | - | €2,475 | +€2,475 | |
| Trade debts | 44 | €1,595 | €4,536 | +€2,941 | +184% |
| Suppliers | 440/4 | €1,595 | €4,536 | +€2,941 | +184% |
| Taxes, remuneration and social security | 45 | €6,996 | €5,987 | -€1,009 | -14.4% |
| Taxes | 450/3 | €6,996 | €5,987 | -€1,009 | -14.4% |
| Other amounts payable | 47/48 | €33,775 | €33,028 | -€747 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,790 | €10,718 | +€5,928 | +124% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,000 | +€10,000 | |
| Other operating charges | 640/8 | €6,846 | €3,132 | -€3,714 | -54.2% |
| Non-recurring operating charges | 66A | €24,961 | €0 | -€24,961 | -100% |
| Gross operating margin | 9900 | €33,092 | -€2,941 | -€36,033 | |
| Operating profit (loss) | 9901 | -€3,505 | -€26,791 | -€23,286 | -664% |
| Financial income | 75/76B | €10 | €648 | +€638 | +6,416% |
| Recurring financial income | 75 | €10 | €648 | +€638 | +6,416% |
| Financial charges | 65/66B | €1,944 | €1,437 | -€507 | -26.1% |
| Recurring financial charges | 65 | €1,944 | €1,437 | -€507 | -26.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,439 | -€27,579 | -€22,140 | -407% |
| Income taxes | 67/77 | €1,498 | €223 | -€1,275 | -85.1% |
| Profit (loss) for the period | 9904 | -€6,937 | -€27,802 | -€20,865 | -301% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,937 | -€27,802 | -€20,865 | -301% |
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 23 October 2026 via checked.be.