Apparences: 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.
Apparences
Largest movements
- Tangible fixed assets +€32,716
up €32,716 (+254.5%), from €12,854 to €45,570
of which Furniture and vehicles: +€33,915
- Cash -€19,722
down €19,722 (-21.2%), from €93,243 to €73,521
mainly Investment in fixed assets (net) (-€39,001) and Trade debts (-€10,044)
- Debts after one year +€18,357
up €18,357 (+1817.5%), from €1,010 to €19,367
- Trade debts -€10,044
down €10,044 (-58.5%), from €17,167 to €7,123
- Current portion of long-term debt +€6,487
up €6,487 (+135.1%), from €4,800 to €11,287
- Profit (loss) carried forward -€1,683
down €1,683 (-2.2%), from €78,010 to €76,327
- Other operating charges +€8,719
up €8,719 (+701.4%), from €1,243 to €9,962
- Depreciation -€4,354
down €4,354 (-40.9%), from €10,639 to €6,285
- Taxes -€3,451
down €3,451 (-64.5%), from €5,354 to €1,903
- Gross operating margin +€1,698
up €1,698 (+11.6%), from €14,638 to €16,336
- Financial income +€979
up €979 (+385.4%), from €254 to €1,233
of which Financial income: +€979
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 | €134,357 | €147,149 | +€12,792 | +9.5% |
| Fixed assets | 21/28 | €12,854 | €45,570 | +€32,716 | +254.5% |
| Tangible fixed assets | 22/27 | €12,854 | €45,570 | +€32,716 | +254.5% |
| Plant, machinery and equipment | 23 | €1,799 | €600 | -€1,199 | -66.6% |
| Furniture and vehicles | 24 | €11,055 | €44,970 | +€33,915 | +306.8% |
| Current assets | 29/58 | €121,503 | €101,579 | -€19,924 | -16.4% |
| Amounts receivable within one year | 40/41 | €28,260 | €28,058 | -€202 | -0.7% |
| Trade receivables | 40 | €17,590 | €17,343 | -€247 | -1.4% |
| Other amounts receivable | 41 | €10,670 | €10,715 | +€45 | +0.4% |
| Cash at bank and in hand | 54/58 | €93,243 | €73,521 | -€19,722 | -21.2% |
| Total equity and liabilities | 10/49 | €134,357 | €147,149 | +€12,792 | +9.5% |
| Equity | 10/15 | €98,896 | €97,213 | -€1,683 | -1.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,286 | €2,286 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €426 | €426 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,010 | €76,327 | -€1,683 | -2.2% |
| Amounts payable | 17/49 | €35,461 | €49,936 | +€14,475 | +40.8% |
| Amounts payable after more than one year | 17 | €1,010 | €19,367 | +€18,357 | +1817.5% |
| Financial debts | 170/4 | €1,010 | €19,367 | +€18,357 | +1817.5% |
| Amounts payable within one year | 42/48 | €34,451 | €30,569 | -€3,882 | -11.3% |
| Current portion of amounts payable after more than one year | 42 | €4,800 | €11,287 | +€6,487 | +135.1% |
| Trade debts | 44 | €17,167 | €7,123 | -€10,044 | -58.5% |
| Suppliers | 440/4 | €17,167 | €7,123 | -€10,044 | -58.5% |
| Other amounts payable | 47/48 | €12,484 | €12,159 | -€325 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,639 | €6,285 | -€4,354 | -40.9% |
| Other operating charges | 640/8 | €1,243 | €9,962 | +€8,719 | +701.4% |
| Gross operating margin | 9900 | €14,638 | €16,336 | +€1,698 | +11.6% |
| Operating profit (loss) | 9901 | €2,756 | €89 | -€2,667 | -96.8% |
| Financial income | 75/76B | €254 | €1,233 | +€979 | +385.4% |
| Recurring financial income | 75 | €254 | €1,233 | +€979 | +385.4% |
| Non-recurring financial income | 76B | €254 | - | -€254 | |
| Financial charges | 65/66B | €808 | €1,102 | +€294 | +36.4% |
| Recurring financial charges | 65 | €808 | €1,102 | +€294 | +36.4% |
| Non-recurring financial charges | 66B | €808 | - | -€808 | |
| Profit (loss) for the period before taxes | 9903 | €2,202 | €220 | -€1,982 | -90.0% |
| Income taxes | 67/77 | €5,354 | €1,903 | -€3,451 | -64.5% |
| Profit (loss) for the period | 9904 | -€3,152 | -€1,683 | +€1,469 | +46.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,152 | -€1,683 | +€1,469 | +46.6% |
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 1 October 2026 via checked.be.