ASSET MANAGEMENT CONTROL: 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.
ASSET MANAGEMENT CONTROL
Largest movements
- Tangible fixed assets +€18,354
up €18,354 (+85.5%), from €21,454 to €39,808
of which Furniture and vehicles: +€22,177
- Receivables within one year -€12,430
down €12,430 (-52.8%), from €23,526 to €11,096
of which Trade receivables: -€10,862
- Deferred charges and accrued income -€4,490
down €4,490 (-39.1%), from €11,491 to €7,000
- Cash +€3,030
up €3,030 (+27.6%), from €10,992 to €14,021
mainly Receivables within one year (+€12,430) and Depreciation (+€8,323)
- Other debts +€4,629
up €4,629 (+10.5%), from €43,986 to €48,615
- Trade debts +€3,015
up €3,015 (+150.0%), from €2,010 to €5,025
- Tax, wage and social debts -€2,191
down €2,191 (-34.5%), from €6,351 to €4,160
- Current portion of long-term debt -€1,216
no longer reported in 2025 (was €1,216)
- Gross operating margin -€6,534
down €6,534 (-31.8%), from €20,543 to €14,009
- Depreciation -€3,168
down €3,168 (-27.6%), from €11,492 to €8,323
- Other operating charges -€2,189
down €2,189 (-40.5%), from €5,397 to €3,209
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 | €67,462 | €71,926 | +€4,463 | +6.6% |
| Fixed assets | 21/28 | €21,454 | €39,808 | +€18,354 | +85.5% |
| Tangible fixed assets | 22/27 | €21,454 | €39,808 | +€18,354 | +85.5% |
| Plant, machinery and equipment | 23 | €19,791 | €15,968 | -€3,823 | -19.3% |
| Furniture and vehicles | 24 | €1,664 | €23,840 | +€22,177 | +1333.0% |
| Current assets | 29/58 | €46,008 | €32,118 | -€13,890 | -30.2% |
| Amounts receivable within one year | 40/41 | €23,526 | €11,096 | -€12,430 | -52.8% |
| Trade receivables | 40 | €21,115 | €10,253 | -€10,862 | -51.4% |
| Other amounts receivable | 41 | €2,411 | €843 | -€1,568 | -65.0% |
| Cash at bank and in hand | 54/58 | €10,992 | €14,021 | +€3,030 | +27.6% |
| Deferred charges and accrued income | 490/1 | €11,491 | €7,000 | -€4,490 | -39.1% |
| Total equity and liabilities | 10/49 | €67,462 | €71,926 | +€4,463 | +6.6% |
| Equity | 10/15 | €13,834 | €14,059 | +€225 | +1.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €5,239 | €5,239 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €3,380 | €3,380 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,405 | -€53,181 | +€225 | +0.4% |
| Amounts payable | 17/49 | €53,629 | €57,867 | +€4,239 | +7.9% |
| Amounts payable within one year | 42/48 | €53,563 | €57,800 | +€4,237 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €1,216 | - | -€1,216 | |
| Trade debts | 44 | €2,010 | €5,025 | +€3,015 | +150.0% |
| Suppliers | 440/4 | €2,010 | €5,025 | +€3,015 | +150.0% |
| Taxes, remuneration and social security | 45 | €6,351 | €4,160 | -€2,191 | -34.5% |
| Taxes | 450/3 | €6,351 | €4,160 | -€2,191 | -34.5% |
| Other amounts payable | 47/48 | €43,986 | €48,615 | +€4,629 | +10.5% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,492 | €8,323 | -€3,168 | -27.6% |
| Other operating charges | 640/8 | €5,397 | €3,209 | -€2,189 | -40.5% |
| Gross operating margin | 9900 | €20,543 | €14,009 | -€6,534 | -31.8% |
| Operating profit (loss) | 9901 | €3,654 | €2,476 | -€1,177 | -32.2% |
| Financial charges | 65/66B | €87 | €47 | -€39 | -45.5% |
| Recurring financial charges | 65 | €87 | €47 | -€39 | -45.5% |
| Profit (loss) for the period before taxes | 9903 | €3,567 | €2,429 | -€1,138 | -31.9% |
| Income taxes | 67/77 | €2,218 | €2,204 | -€14 | -0.6% |
| Profit (loss) for the period | 9904 | €1,349 | €225 | -€1,124 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,349 | €225 | -€1,124 | -83.3% |
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.