Apart: 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.
Apart
Largest movements
- Cash -€93,933
down €93,933 (-49.8%), from €188,658 to €94,724
mainly Receivables within one year (-€72,639) and Tax, wage and social debts (-€42,678)
- Receivables within one year +€72,639
up €72,639 (+82.5%), from €88,003 to €160,642
- Deferred charges and accrued income -€36,103
down €36,103 (-100.0%), from €36,103 to €0
- Tax, wage and social debts -€42,678
down €42,678 (-75.9%), from €56,238 to €13,560
- Profit (loss) carried forward -€10,313
down €10,313 (-16.1%), from €63,973 to €53,660
- Trade debts -€7,386
down €7,386 (-3.9%), from €188,552 to €181,166
- Gross operating margin +€25,328
up €25,328, from -€6,755 to €18,573
- Other operating charges +€24,945
new in 2025: €24,945
- Taxes +€3,860
up €3,860, from €0 to €3,860
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 | €312,763 | €255,367 | -€57,397 | -18.4% |
| Current assets | 29/58 | €312,763 | €255,367 | -€57,397 | -18.4% |
| Amounts receivable within one year | 40/41 | €88,003 | €160,642 | +€72,639 | +82.5% |
| Trade receivables | 40 | €88,003 | €160,642 | +€72,639 | +82.5% |
| Cash at bank and in hand | 54/58 | €188,658 | €94,724 | -€93,933 | -49.8% |
| Deferred charges and accrued income | 490/1 | €36,103 | €0 | -€36,103 | -100.0% |
| Total equity and liabilities | 10/49 | €312,763 | €255,367 | -€57,397 | -18.4% |
| Equity | 10/15 | €67,973 | €57,660 | -€10,313 | -15.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,973 | €53,660 | -€10,313 | -16.1% |
| Amounts payable | 17/49 | €244,790 | €197,707 | -€47,084 | -19.2% |
| Amounts payable within one year | 42/48 | €244,790 | €197,707 | -€47,084 | -19.2% |
| Trade debts | 44 | €188,552 | €181,166 | -€7,386 | -3.9% |
| Suppliers | 440/4 | €188,552 | €181,166 | -€7,386 | -3.9% |
| Taxes, remuneration and social security | 45 | €56,238 | €13,560 | -€42,678 | -75.9% |
| Taxes | 450/3 | €56,238 | €13,560 | -€42,678 | -75.9% |
| Other amounts payable | 47/48 | - | €2,981 | +€2,981 | |
| Other operating charges | 640/8 | - | €24,945 | +€24,945 | |
| Gross operating margin | 9900 | -€6,755 | €18,573 | +€25,328 | |
| Operating profit (loss) | 9901 | -€6,755 | -€6,373 | +€383 | +5.7% |
| Financial charges | 65/66B | €71 | €80 | +€9 | +13.2% |
| Recurring financial charges | 65 | €71 | €80 | +€9 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,826 | -€6,453 | +€373 | +5.5% |
| Income taxes | 67/77 | €0 | €3,860 | +€3,860 | |
| Profit (loss) for the period | 9904 | -€6,826 | -€10,313 | -€3,487 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,826 | -€10,313 | -€3,487 | -51.1% |
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 7 October 2026 via checked.be.