(AtoZ)2: 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.
(AtoZ)2
Largest movements
- Tangible fixed assets -€29,458
down €29,458 (-56.7%), from €51,946 to €22,488
of which Furniture and vehicles: -€26,463
- Receivables within one year -€11,953
down €11,953 (-52.0%), from €23,001 to €11,048
of which Trade receivables: -€11,966
- Cash +€9,122
up €9,122 (+5.7%), from €158,757 to €167,879
mainly Depreciation (+€29,458) and Receivables within one year (+€11,953)
- Profit (loss) carried forward -€23,590
down €23,590 (-11.9%), from €198,063 to €174,473
- Tax, wage and social debts -€6,999
down €6,999 (-32.1%), from €21,822 to €14,823
- Gross operating margin -€68,266
down €68,266 (-89.6%), from €76,166 to €7,900
- Taxes -€12,477
down €12,477 (-93.2%), from €13,382 to €905
- Depreciation -€4,945
down €4,945 (-14.4%), from €34,403 to €29,458
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 | €375,560 | €343,236 | -€32,324 | -8.6% |
| Fixed assets | 21/28 | €52,405 | €22,947 | -€29,458 | -56.2% |
| Tangible fixed assets | 22/27 | €51,946 | €22,488 | -€29,458 | -56.7% |
| Land and buildings | 22 | €5,118 | €3,973 | -€1,145 | -22.4% |
| Plant, machinery and equipment | 23 | €4,457 | €2,607 | -€1,850 | -41.5% |
| Furniture and vehicles | 24 | €42,371 | €15,908 | -€26,463 | -62.5% |
| Financial fixed assets | 28 | €459 | €459 | = | 0.0% |
| Current assets | 29/58 | €323,155 | €320,289 | -€2,866 | -0.9% |
| Amounts receivable after more than one year | 29 | €140,000 | €140,000 | = | 0.0% |
| Trade receivables | 290 | €140,000 | €140,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,001 | €11,048 | -€11,953 | -52.0% |
| Trade receivables | 40 | €11,966 | - | -€11,966 | |
| Other amounts receivable | 41 | €11,035 | €11,048 | +€13 | +0.1% |
| Cash at bank and in hand | 54/58 | €158,757 | €167,879 | +€9,122 | +5.7% |
| Deferred charges and accrued income | 490/1 | €1,397 | €1,362 | -€35 | -2.5% |
| Total equity and liabilities | 10/49 | €375,560 | €343,236 | -€32,324 | -8.6% |
| Equity | 10/15 | €352,003 | €328,413 | -€23,590 | -6.7% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €147,743 | €147,743 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,010 | €29,010 | = | 0.0% |
| Distributable reserves | 133 | €116,874 | €116,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,063 | €174,473 | -€23,590 | -11.9% |
| Amounts payable | 17/49 | €23,557 | €14,823 | -€8,734 | -37.1% |
| Amounts payable within one year | 42/48 | €23,557 | €14,823 | -€8,734 | -37.1% |
| Current portion of amounts payable after more than one year | 42 | €705 | - | -€705 | |
| Trade debts | 44 | €1,030 | - | -€1,030 | |
| Suppliers | 440/4 | €1,030 | - | -€1,030 | |
| Taxes, remuneration and social security | 45 | €21,822 | €14,823 | -€6,999 | -32.1% |
| Taxes | 450/3 | €21,822 | €14,823 | -€6,999 | -32.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,403 | €29,458 | -€4,945 | -14.4% |
| Other operating charges | 640/8 | €1,293 | €979 | -€314 | -24.3% |
| Gross operating margin | 9900 | €76,166 | €7,900 | -€68,266 | -89.6% |
| Operating profit (loss) | 9901 | €40,470 | -€22,537 | -€63,007 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €94 | €157 | +€63 | +67.0% |
| Recurring financial charges | 65 | €94 | €157 | +€63 | +67.0% |
| Profit (loss) for the period before taxes | 9903 | €40,376 | -€22,685 | -€63,061 | |
| Income taxes | 67/77 | €13,382 | €905 | -€12,477 | -93.2% |
| Profit (loss) for the period | 9904 | €26,994 | -€23,590 | -€50,584 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,994 | -€23,590 | -€50,584 |
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 28 October 2026 via checked.be.