Back on Track: 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.
Back on Track
Largest movements
- Tangible fixed assets -€5,854
down €5,854 (-22.7%), from €25,787 to €19,933
of which Plant, machinery and equipment: -€4,124
- Cash +€5,839
up €5,839 (+550.5%), from €1,061 to €6,899
mainly Depreciation (+€5,854) and Current portion of long-term debt (+€3,154)
- Deferred charges and accrued income -€1,775
no longer reported in 2025 (was €1,775)
- Receivables within one year +€717
up €717 (+17.3%), from €4,143 to €4,859
of which Trade receivables: +€717
- Current portion of long-term debt +€3,154
up €3,154 (+26.4%), from €11,955 to €15,109
- Trade debts -€2,385
down €2,385 (-76.1%), from €3,133 to €747
- Profit (loss) carried forward -€1,980
down €1,980 (-7.2%), from -€27,641 to -€29,621
- Tax, wage and social debts +€1,183
up €1,183 (+84.9%), from €1,394 to €2,576
of which Taxes: +€1,183
- Debts after one year -€1,109
down €1,109 (-9.1%), from €12,135 to €11,025
- Turnover -€53,017
no longer reported in 2025 (was €53,017)
- Purchases and services -€44,729
no longer reported in 2025 (was €44,729)
- Gross operating margin -€3,519
down €3,519 (-42.5%), from €8,288 to €4,769
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 | €32,765 | €31,691 | -€1,073 | -3.3% |
| Fixed assets | 21/28 | €25,787 | €19,933 | -€5,854 | -22.7% |
| Tangible fixed assets | 22/27 | €25,787 | €19,933 | -€5,854 | -22.7% |
| Land and buildings | 22 | €13,969 | €12,239 | -€1,730 | -12.4% |
| Plant, machinery and equipment | 23 | €11,818 | €7,694 | -€4,124 | -34.9% |
| Current assets | 29/58 | €6,978 | €11,759 | +€4,781 | +68.5% |
| Amounts receivable within one year | 40/41 | €4,143 | €4,859 | +€717 | +17.3% |
| Trade receivables | 40 | €4,143 | €4,859 | +€717 | +17.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,061 | €6,899 | +€5,839 | +550.5% |
| Deferred charges and accrued income | 490/1 | €1,775 | - | -€1,775 | |
| Total equity and liabilities | 10/49 | €32,765 | €31,691 | -€1,073 | -3.3% |
| Equity | 10/15 | -€22,641 | -€24,621 | -€1,980 | -8.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,641 | -€29,621 | -€1,980 | -7.2% |
| Amounts payable | 17/49 | €55,406 | €56,313 | +€907 | +1.6% |
| Amounts payable after more than one year | 17 | €12,135 | €11,025 | -€1,109 | -9.1% |
| Financial debts | 170/4 | €12,135 | €11,025 | -€1,109 | -9.1% |
| Amounts payable within one year | 42/48 | €43,271 | €45,287 | +€2,016 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €11,955 | €15,109 | +€3,154 | +26.4% |
| Trade debts | 44 | €3,133 | €747 | -€2,385 | -76.1% |
| Suppliers | 440/4 | €3,133 | €747 | -€2,385 | -76.1% |
| Taxes, remuneration and social security | 45 | €1,394 | €2,576 | +€1,183 | +84.9% |
| Taxes | 450/3 | €1,394 | €2,576 | +€1,183 | +84.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €26,790 | €26,855 | +€65 | +0.2% |
| Turnover | 70 | €53,017 | - | -€53,017 | |
| Goods, raw materials, services and sundry goods | 60/61 | €44,729 | - | -€44,729 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,716 | €5,854 | +€138 | +2.4% |
| Other operating charges | 640/8 | €387 | €520 | +€132 | +34.2% |
| Gross operating margin | 9900 | €8,288 | €4,769 | -€3,519 | -42.5% |
| Operating profit (loss) | 9901 | €2,185 | -€1,604 | -€3,789 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +3400.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +3400.0% |
| Financial charges | 65/66B | €130 | €377 | +€247 | +190.7% |
| Recurring financial charges | 65 | €130 | €377 | +€247 | +190.7% |
| Profit (loss) for the period before taxes | 9903 | €2,055 | -€1,980 | -€4,035 | |
| Profit (loss) for the period | 9904 | €2,055 | -€1,980 | -€4,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,055 | -€1,980 | -€4,035 |
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 6 October 2026 via checked.be.