BACKSTAGE: 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.
BACKSTAGE
Largest movements
- Cash -€8,233
down €8,233 (-21.0%), from €39,219 to €30,986
mainly Net result for the year (-€6,717) and Tax, wage and social debts (-€4,415)
- Receivables within one year -€4,235
down €4,235 (-30.3%), from €13,959 to €9,723
of which Trade receivables: -€6,840
- Tangible fixed assets -€1,653
down €1,653 (-39.7%), from €4,166 to €2,514
- Profit (loss) carried forward -€6,717
down €6,717, from €2,174 to -€4,543
- Tax, wage and social debts -€4,415
down €4,415 (-100.0%), from €4,415 to €0
- Trade debts -€1,934
down €1,934 (-92.4%), from €2,092 to €159
- Other debts -€1,373
down €1,373 (-16.8%), from €8,165 to €6,792
- Gross operating margin -€11,143
down €11,143, from €7,041 to -€4,102
- Taxes -€1,647
down €1,647 (-92.6%), from €1,779 to €132
- Depreciation +€912
up €912 (+123.1%), from €741 to €1,653
- Other operating charges +€157
up €157 (+32.6%), from €481 to €638
- Financial charges -€142
down €142 (-33.3%), from €427 to €285
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 | €57,909 | €43,471 | -€14,438 | -24.9% |
| Fixed assets | 21/28 | €4,266 | €2,613 | -€1,653 | -38.7% |
| Tangible fixed assets | 22/27 | €4,166 | €2,514 | -€1,653 | -39.7% |
| Furniture and vehicles | 24 | €4,166 | €2,514 | -€1,653 | -39.7% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €53,644 | €40,858 | -€12,786 | -23.8% |
| Amounts receivable within one year | 40/41 | €13,959 | €9,723 | -€4,235 | -30.3% |
| Trade receivables | 40 | €10,365 | €3,526 | -€6,840 | -66.0% |
| Other amounts receivable | 41 | €3,593 | €6,198 | +€2,604 | +72.5% |
| Cash at bank and in hand | 54/58 | €39,219 | €30,986 | -€8,233 | -21.0% |
| Deferred charges and accrued income | 490/1 | €467 | €149 | -€317 | -68.0% |
| Total equity and liabilities | 10/49 | €57,909 | €43,471 | -€14,438 | -24.9% |
| Equity | 10/15 | €43,237 | €36,520 | -€6,717 | -15.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,863 | €34,863 | = | 0.0% |
| Tax-exempt reserves | 132 | €740 | €740 | = | 0.0% |
| Distributable reserves | 133 | €34,123 | €34,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,174 | -€4,543 | -€6,717 | |
| Amounts payable | 17/49 | €14,672 | €6,951 | -€7,721 | -52.6% |
| Amounts payable within one year | 42/48 | €14,672 | €6,951 | -€7,721 | -52.6% |
| Trade debts | 44 | €2,092 | €159 | -€1,934 | -92.4% |
| Suppliers | 440/4 | €2,092 | €159 | -€1,934 | -92.4% |
| Taxes, remuneration and social security | 45 | €4,415 | €0 | -€4,415 | -100.0% |
| Taxes | 450/3 | €4,415 | €0 | -€4,415 | -100.0% |
| Other amounts payable | 47/48 | €8,165 | €6,792 | -€1,373 | -16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €741 | €1,653 | +€912 | +123.1% |
| Other operating charges | 640/8 | €481 | €638 | +€157 | +32.6% |
| Gross operating margin | 9900 | €7,041 | -€4,102 | -€11,143 | |
| Operating profit (loss) | 9901 | €5,819 | -€6,392 | -€12,212 | |
| Financial income | 75/76B | €74 | €92 | +€18 | +24.5% |
| Recurring financial income | 75 | €74 | €92 | +€18 | +24.5% |
| Financial charges | 65/66B | €427 | €285 | -€142 | -33.3% |
| Recurring financial charges | 65 | €427 | €285 | -€142 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €5,466 | -€6,585 | -€12,051 | |
| Income taxes | 67/77 | €1,779 | €132 | -€1,647 | -92.6% |
| Profit (loss) for the period | 9904 | €3,687 | -€6,717 | -€10,404 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,687 | -€6,717 | -€10,404 |
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 28 September 2026 via checked.be.