BACK TO CLASSICS: 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.
BACK TO CLASSICS
Largest movements
- Receivables within one year -€26,251
down €26,251 (-100.0%), from €26,251 to €0
of which Trade receivables: -€23,650
- Cash +€22,421
up €22,421 (+2327.4%), from €963 to €23,384
mainly Other debts (+€68,472) and Receivables within one year (+€26,251)
- Tangible fixed assets +€16,078
new in 2025: €16,078
- Deferred charges and accrued income +€583
up €583 (+15871.9%), from €4 to €586
- Financial fixed assets -€436
down €436 (-35.3%), from €1,235 to €799
- Other debts +€68,472
up €68,472 (+13.4%), from €511,261 to €579,732
- Debts after one year -€42,803
down €42,803 (-100.0%), from €42,803 to €0
- Current portion of long-term debt -€23,296
down €23,296 (-100.0%), from €23,296 to €0
- Profit (loss) carried forward +€17,599
up €17,599 (+2.7%), from -€641,359 to -€623,760
- Trade debts -€8,533
down €8,533 (-96.9%), from €8,808 to €275
- Staff costs -€50,388
down €50,388 (-99.5%), from €50,623 to €235
- Gross operating margin +€9,906
up €9,906 (+96.6%), from €10,249 to €20,155
- Other operating charges -€5,568
down €5,568 (-87.9%), from €6,338 to €770
- Financial charges -€1,266
down €1,266 (-88.5%), from €1,430 to €164
- Depreciation +€1,121
up €1,121 (+372.3%), from €301 to €1,422
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 | €28,453 | €40,847 | +€12,394 | +43.6% |
| Fixed assets | 21/28 | €1,235 | €16,877 | +€15,642 | +1266.5% |
| Tangible fixed assets | 22/27 | - | €16,078 | +€16,078 | |
| Furniture and vehicles | 24 | - | €16,078 | +€16,078 | |
| Financial fixed assets | 28 | €1,235 | €799 | -€436 | -35.3% |
| Current assets | 29/58 | €27,218 | €23,970 | -€3,247 | -11.9% |
| Amounts receivable within one year | 40/41 | €26,251 | €0 | -€26,251 | -100.0% |
| Trade receivables | 40 | €23,650 | €0 | -€23,650 | -100.0% |
| Other amounts receivable | 41 | €2,600 | €0 | -€2,600 | -100.0% |
| Cash at bank and in hand | 54/58 | €963 | €23,384 | +€22,421 | +2327.4% |
| Deferred charges and accrued income | 490/1 | €4 | €586 | +€583 | +15871.9% |
| Total equity and liabilities | 10/49 | €28,453 | €40,847 | +€12,394 | +43.6% |
| Equity | 10/15 | -€559,609 | -€542,010 | +€17,599 | +3.1% |
| Contributions | 10/11 | €81,750 | €81,750 | = | 0.0% |
| Contributions outside capital | 11 | €81,750 | - | -€81,750 | |
| Other | 1109/19 | €81,750 | - | -€81,750 | |
| Profit (loss) carried forward | 14 | -€641,359 | -€623,760 | +€17,599 | +2.7% |
| Amounts payable | 17/49 | €588,062 | €582,857 | -€5,205 | -0.9% |
| Amounts payable after more than one year | 17 | €42,803 | €0 | -€42,803 | -100.0% |
| Financial debts | 170/4 | €42,803 | €0 | -€42,803 | -100.0% |
| Amounts payable within one year | 42/48 | €545,258 | €582,857 | +€37,599 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €23,296 | €0 | -€23,296 | -100.0% |
| Trade debts | 44 | €8,808 | €275 | -€8,533 | -96.9% |
| Suppliers | 440/4 | €8,808 | €275 | -€8,533 | -96.9% |
| Taxes, remuneration and social security | 45 | €1,894 | €2,850 | +€957 | +50.5% |
| Taxes | 450/3 | €1,894 | €2,850 | +€957 | +50.5% |
| Other amounts payable | 47/48 | €511,261 | €579,732 | +€68,472 | +13.4% |
| Non-recurring operating income | 76A | - | €14,463 | +€14,463 | |
| Remuneration, social security and pensions | 62 | €50,623 | €235 | -€50,388 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €1,422 | +€1,121 | +372.3% |
| Other operating charges | 640/8 | €6,338 | €770 | -€5,568 | -87.9% |
| Non-recurring operating charges | 66A | €275,716 | €0 | -€275,716 | -100.0% |
| Gross operating margin | 9900 | €10,249 | €20,155 | +€9,906 | +96.6% |
| Operating profit (loss) | 9901 | -€322,727 | €17,728 | +€340,456 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €1,430 | €164 | -€1,266 | -88.5% |
| Recurring financial charges | 65 | €1,430 | €164 | -€1,266 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | -€324,157 | €17,564 | +€341,721 | |
| Income taxes | 67/77 | €174 | -€35 | -€209 | |
| Profit (loss) for the period | 9904 | -€324,332 | €17,599 | +€341,931 | |
| Profit (loss) for the period to be appropriated | 9905 | -€324,332 | €17,599 | +€341,931 |
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 10 October 2026 via checked.be.