B.S.: 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.
B.S.
Largest movements
- Tangible fixed assets -€2,831
down €2,831 (-49.8%), from €5,685 to €2,854
- Cash -€2,303
down €2,303 (-33.6%), from €6,854 to €4,551
mainly Trade debts (-€8,092) and Tax, wage and social debts (-€3,825)
- Receivables within one year -€1,180
down €1,180 (-4.9%), from €24,059 to €22,879
of which Trade receivables: -€617
- Trade debts -€8,092
down €8,092 (-24.1%), from €33,638 to €25,546
- Tax, wage and social debts -€3,825
down €3,825 (-41.5%), from €9,210 to €5,385
- Profit (loss) carried forward +€3,244
up €3,244 (+24.4%), from -€13,275 to -€10,031
- Other debts +€2,359
new in 2025: €2,359
- Taxes -€3,005
down €3,005 (-51.8%), from €5,803 to €2,798
- Gross operating margin +€2,802
up €2,802 (+24.5%), from €11,421 to €14,223
- Financial charges +€2,773
up €2,773 (+181.4%), from €1,529 to €4,301
- Staff costs -€502
no longer reported in 2025 (was €502)
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 | €38,598 | €32,284 | -€6,314 | -16.4% |
| Fixed assets | 21/28 | €7,685 | €4,854 | -€2,831 | -36.8% |
| Tangible fixed assets | 22/27 | €5,685 | €2,854 | -€2,831 | -49.8% |
| Furniture and vehicles | 24 | €5,685 | €2,854 | -€2,831 | -49.8% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €30,913 | €27,430 | -€3,483 | -11.3% |
| Amounts receivable within one year | 40/41 | €24,059 | €22,879 | -€1,180 | -4.9% |
| Trade receivables | 40 | €12,381 | €11,764 | -€617 | -5.0% |
| Other amounts receivable | 41 | €11,678 | €11,115 | -€563 | -4.8% |
| Cash at bank and in hand | 54/58 | €6,854 | €4,551 | -€2,303 | -33.6% |
| Total equity and liabilities | 10/49 | €38,598 | €32,284 | -€6,314 | -16.4% |
| Equity | 10/15 | -€5,209 | -€1,966 | +€3,244 | +62.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | -€13,275 | -€10,031 | +€3,244 | +24.4% |
| Amounts payable | 17/49 | €43,807 | €34,250 | -€9,558 | -21.8% |
| Amounts payable within one year | 42/48 | €43,807 | €34,250 | -€9,558 | -21.8% |
| Current portion of amounts payable after more than one year | 42 | €959 | €959 | = | 0.0% |
| Trade debts | 44 | €33,638 | €25,546 | -€8,092 | -24.1% |
| Suppliers | 440/4 | €33,638 | €25,546 | -€8,092 | -24.1% |
| Taxes, remuneration and social security | 45 | €9,210 | €5,385 | -€3,825 | -41.5% |
| Taxes | 450/3 | €9,210 | €5,385 | -€3,825 | -41.5% |
| Other amounts payable | 47/48 | - | €2,359 | +€2,359 | |
| Non-recurring operating income | 76A | €1,157 | €3,761 | +€2,604 | +225.0% |
| Remuneration, social security and pensions | 62 | €502 | - | -€502 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,831 | €2,831 | = | 0.0% |
| Other operating charges | 640/8 | €927 | €1,049 | +€122 | +13.2% |
| Non-recurring operating charges | 66A | €400 | - | -€400 | |
| Gross operating margin | 9900 | €11,421 | €14,223 | +€2,802 | +24.5% |
| Operating profit (loss) | 9901 | €6,761 | €10,343 | +€3,582 | +53.0% |
| Financial charges | 65/66B | €1,529 | €4,301 | +€2,773 | +181.4% |
| Recurring financial charges | 65 | €1,529 | €4,301 | +€2,773 | +181.4% |
| Profit (loss) for the period before taxes | 9903 | €5,233 | €6,042 | +€809 | +15.5% |
| Income taxes | 67/77 | €5,803 | €2,798 | -€3,005 | -51.8% |
| Profit (loss) for the period | 9904 | -€570 | €3,244 | +€3,814 | |
| Profit (loss) for the period to be appropriated | 9905 | -€570 | €3,244 | +€3,814 |
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 3 October 2026 via checked.be.