APPROX: 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.
APPROX
Largest movements
- Receivables within one year -€29,945
down €29,945 (-57.1%), from €52,448 to €22,503
of which Other amounts receivable: -€16,671
- Cash -€6,081
no longer reported in 2025 (was €6,081)
mainly Net result for the year (-€17,045) and Advances received (-€15,469)
- Tangible fixed assets -€1,586
down €1,586 (-22.3%), from €7,117 to €5,530
of which Furniture and vehicles: -€1,065
- Reserves -€17,045
down €17,045 (-90.8%), from €18,772 to €1,727
- Advances received -€15,469
no longer reported in 2025 (was €15,469)
- Tax, wage and social debts -€8,372
down €8,372 (-49.6%), from €16,887 to €8,515
- Trade debts +€3,090
up €3,090 (+28.0%), from €11,018 to €14,108
of which Suppliers: +€3,425
- Gross operating margin -€32,418
down €32,418, from €18,751 to -€13,667
- Taxes -€3,687
down €3,687 (-96.5%), from €3,819 to €132
- Other operating charges -€1,016
down €1,016 (-66.1%), from €1,538 to €522
- Financial charges -€324
down €324 (-22.2%), from €1,462 to €1,138
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 | €65,646 | €28,034 | -€37,613 | -57.3% |
| Fixed assets | 21/28 | €7,117 | €5,530 | -€1,586 | -22.3% |
| Tangible fixed assets | 22/27 | €7,117 | €5,530 | -€1,586 | -22.3% |
| Plant, machinery and equipment | 23 | €1,886 | €1,365 | -€522 | -27.7% |
| Furniture and vehicles | 24 | €5,231 | €4,166 | -€1,065 | -20.4% |
| Current assets | 29/58 | €58,529 | €22,503 | -€36,026 | -61.6% |
| Amounts receivable within one year | 40/41 | €52,448 | €22,503 | -€29,945 | -57.1% |
| Trade receivables | 40 | €28,230 | €14,956 | -€13,275 | -47.0% |
| Other amounts receivable | 41 | €24,218 | €7,547 | -€16,671 | -68.8% |
| Cash at bank and in hand | 54/58 | €6,081 | - | -€6,081 | |
| Total equity and liabilities | 10/49 | €65,646 | €28,034 | -€37,613 | -57.3% |
| Equity | 10/15 | €22,272 | €5,227 | -€17,045 | -76.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €18,772 | €1,727 | -€17,045 | -90.8% |
| Distributable reserves | 133 | €18,772 | €1,727 | -€17,045 | -90.8% |
| Amounts payable | 17/49 | €43,374 | €22,807 | -€20,568 | -47.4% |
| Amounts payable within one year | 42/48 | €43,374 | €22,807 | -€20,568 | -47.4% |
| Financial debts | 43 | - | €183 | +€183 | |
| Credit institutions | 430/8 | - | €183 | +€183 | |
| Trade debts | 44 | €11,018 | €14,108 | +€3,090 | +28.0% |
| Suppliers | 440/4 | €10,683 | €14,108 | +€3,425 | +32.1% |
| Bills of exchange payable | 441 | €335 | - | -€335 | |
| Advances received on contracts in progress | 46 | €15,469 | - | -€15,469 | |
| Taxes, remuneration and social security | 45 | €16,887 | €8,515 | -€8,372 | -49.6% |
| Taxes | 450/3 | €16,887 | €8,515 | -€8,372 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,586 | €1,586 | = | 0.0% |
| Other operating charges | 640/8 | €1,538 | €522 | -€1,016 | -66.1% |
| Gross operating margin | 9900 | €18,751 | -€13,667 | -€32,418 | |
| Operating profit (loss) | 9901 | €15,627 | -€15,775 | -€31,402 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,462 | €1,138 | -€324 | -22.2% |
| Recurring financial charges | 65 | €1,462 | €1,138 | -€324 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €14,165 | -€16,913 | -€31,078 | |
| Income taxes | 67/77 | €3,819 | €132 | -€3,687 | -96.5% |
| Profit (loss) for the period | 9904 | €10,346 | -€17,045 | -€27,391 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,346 | -€17,045 | -€27,391 |
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 29 September 2026 via checked.be.