BACKFOCUS: 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.
BACKFOCUS
Largest movements
- Cash -€19,712
down €19,712 (-11.2%), from €176,029 to €156,318
mainly Receivables within one year (-€18,297) and Other debts (-€4,143)
- Receivables within one year +€18,297
up €18,297 (+4315.4%), from €424 to €18,721
of which Trade receivables: +€14,152
- Tangible fixed assets -€6,502
down €6,502 (-35.7%), from €18,204 to €11,703
of which Plant, machinery and equipment: -€4,354
- Other debts -€4,143
down €4,143 (-96.2%), from €4,305 to €162
- Tax, wage and social debts -€2,761
down €2,761 (-21.8%), from €12,677 to €9,916
- Gross operating margin -€25,549
down €25,549 (-69.1%), from €36,967 to €11,418
- Taxes -€6,002
down €6,002 (-74.3%), from €8,081 to €2,078
- Depreciation -€2,619
down €2,619 (-25.0%), from €10,494 to €7,875
- Financial income +€507
up €507 (+79.2%), from €641 to €1,148
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 | €213,057 | €206,341 | -€6,716 | -3.2% |
| Fixed assets | 21/28 | €18,204 | €11,703 | -€6,502 | -35.7% |
| Tangible fixed assets | 22/27 | €18,204 | €11,703 | -€6,502 | -35.7% |
| Plant, machinery and equipment | 23 | €11,729 | €7,376 | -€4,354 | -37.1% |
| Furniture and vehicles | 24 | €5,959 | €4,327 | -€1,632 | -27.4% |
| Other tangible fixed assets | 26 | €516 | - | -€516 | |
| Current assets | 29/58 | €194,853 | €194,638 | -€215 | -0.1% |
| Amounts receivable within one year | 40/41 | €424 | €18,721 | +€18,297 | +4315.4% |
| Trade receivables | 40 | €424 | €14,576 | +€14,152 | +3337.8% |
| Other amounts receivable | 41 | - | €4,145 | +€4,145 | |
| Current investments | 50/53 | €18,400 | €19,600 | +€1,200 | +6.5% |
| Cash at bank and in hand | 54/58 | €176,029 | €156,318 | -€19,712 | -11.2% |
| Total equity and liabilities | 10/49 | €213,057 | €206,341 | -€6,716 | -3.2% |
| Equity | 10/15 | €191,814 | €193,605 | +€1,790 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,614 | €187,405 | +€1,790 | +1.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €166,864 | €168,655 | +€1,790 | +1.1% |
| Amounts payable | 17/49 | €21,243 | €12,736 | -€8,507 | -40.0% |
| Amounts payable within one year | 42/48 | €21,243 | €12,736 | -€8,507 | -40.0% |
| Trade debts | 44 | €4,261 | €2,659 | -€1,603 | -37.6% |
| Suppliers | 440/4 | €4,261 | €2,659 | -€1,603 | -37.6% |
| Taxes, remuneration and social security | 45 | €12,677 | €9,916 | -€2,761 | -21.8% |
| Taxes | 450/3 | €12,677 | €9,916 | -€2,761 | -21.8% |
| Other amounts payable | 47/48 | €4,305 | €162 | -€4,143 | -96.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,494 | €7,875 | -€2,619 | -25.0% |
| Other operating charges | 640/8 | €521 | €332 | -€189 | -36.3% |
| Gross operating margin | 9900 | €36,967 | €11,418 | -€25,549 | -69.1% |
| Operating profit (loss) | 9901 | €25,951 | €3,210 | -€22,741 | -87.6% |
| Financial income | 75/76B | €641 | €1,148 | +€507 | +79.2% |
| Recurring financial income | 75 | €641 | €1,148 | +€507 | +79.2% |
| Financial charges | 65/66B | €640 | €489 | -€151 | -23.6% |
| Recurring financial charges | 65 | €640 | €489 | -€151 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €25,951 | €3,869 | -€22,083 | -85.1% |
| Income taxes | 67/77 | €8,081 | €2,078 | -€6,002 | -74.3% |
| Profit (loss) for the period | 9904 | €17,871 | €1,790 | -€16,080 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,871 | €1,790 | -€16,080 | -90.0% |
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 9 October 2026 via checked.be.