BACKSTORIES: what changed
BACKSTORIES
Largest movements
- Tangible fixed assets -€22,093
down €22,093 (-59.1%), from €37,362 to €15,269
of which Plant, machinery and equipment: -€17,866
- Cash -€2,066
down €2,066 (-10.1%), from €20,366 to €18,301
mainly Trade debts (-€9,876) and Net result for the year (-€6,851)
- Stocks and contracts -€1,750
down €1,750 (-100%), from €1,750 to €0
- Deferred charges and accrued income +€1,167
up €1,167 (+89.8%), from €1,300 to €2,467
- Intangible fixed assets -€1,133
down €1,133 (-100%), from €1,133 to €0
- Trade debts -€9,876
down €9,876 (-34.3%), from €28,781 to €18,905
- Profit (loss) carried forward -€6,851
down €6,851 (-14.3%), from -€48,000 to -€54,851
- Other debts -€4,218
down €4,218 (-15.4%), from €27,406 to €23,188
- Tax, wage and social debts -€3,774
down €3,774 (-37.4%), from €10,105 to €6,331
of which Remuneration and social security: -€5,663
- Accrued charges and deferred income -€1,186
down €1,186 (-100%), from €1,186 to €0
- Turnover -€78,943
down €78,943 (-35.2%), from €224,377 to €145,434
- Purchases and services -€48,822
down €48,822 (-28.7%), from €170,359 to €121,537
- Staff costs -€30,648
down €30,648 (-66.3%), from €46,217 to €15,569
- Gross operating margin -€29,885
down €29,885 (-53.5%), from €55,827 to €25,943
- Depreciation -€6,190
down €6,190 (-39.8%), from €15,553 to €9,363
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,850 | €38,945 | -€25,905 | -39.9% |
| Fixed assets | 21/28 | €38,544 | €15,269 | -€23,275 | -60.4% |
| Intangible fixed assets | 21 | €1,133 | €0 | -€1,133 | -100% |
| Tangible fixed assets | 22/27 | €37,362 | €15,269 | -€22,093 | -59.1% |
| Plant, machinery and equipment | 23 | €24,405 | €6,539 | -€17,866 | -73.2% |
| Furniture and vehicles | 24 | €12,957 | €8,731 | -€4,226 | -32.6% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €26,306 | €23,676 | -€2,630 | -10.0% |
| Stocks and contracts in progress | 3 | €1,750 | €0 | -€1,750 | -100% |
| Stocks | 30/36 | €1,750 | €0 | -€1,750 | -100% |
| Amounts receivable within one year | 40/41 | €2,890 | €2,909 | +€19 | +0.7% |
| Trade receivables | 40 | €2,890 | €2,909 | +€19 | +0.7% |
| Cash at bank and in hand | 54/58 | €20,366 | €18,301 | -€2,066 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,300 | €2,467 | +€1,167 | +89.8% |
| Total equity and liabilities | 10/49 | €64,850 | €38,945 | -€25,905 | -39.9% |
| Equity | 10/15 | -€2,628 | -€9,479 | -€6,851 | -261% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €39,073 | €39,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €39,073 | €39,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,000 | -€54,851 | -€6,851 | -14.3% |
| Amounts payable | 17/49 | €67,478 | €48,424 | -€19,054 | -28.2% |
| Amounts payable within one year | 42/48 | €66,292 | €48,424 | -€17,868 | -27.0% |
| Trade debts | 44 | €28,781 | €18,905 | -€9,876 | -34.3% |
| Suppliers | 440/4 | €28,781 | €18,905 | -€9,876 | -34.3% |
| Taxes, remuneration and social security | 45 | €10,105 | €6,331 | -€3,774 | -37.4% |
| Taxes | 450/3 | €4,031 | €5,920 | +€1,888 | +46.8% |
| Remuneration and social security | 454/9 | €6,074 | €411 | -€5,663 | -93.2% |
| Other amounts payable | 47/48 | €27,406 | €23,188 | -€4,218 | -15.4% |
| Accrued charges and deferred income | 492/3 | €1,186 | €0 | -€1,186 | -100% |
| Turnover | 70 | €224,377 | €145,434 | -€78,943 | -35.2% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €170,359 | €121,537 | -€48,822 | -28.7% |
| Remuneration, social security and pensions | 62 | €46,217 | €15,569 | -€30,648 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,553 | €9,363 | -€6,190 | -39.8% |
| Other operating charges | 640/8 | €1,270 | €1,473 | +€203 | +16.0% |
| Non-recurring operating charges | 66A | - | €4,678 | +€4,678 | |
| Gross operating margin | 9900 | €55,827 | €25,943 | -€29,885 | -53.5% |
| Operating profit (loss) | 9901 | -€7,213 | -€5,141 | +€2,072 | +28.7% |
| Financial income | 75/76B | €57 | €120 | +€64 | +112% |
| Recurring financial income | 75 | €57 | €120 | +€64 | +112% |
| Financial charges | 65/66B | €1,437 | €1,687 | +€250 | +17.4% |
| Recurring financial charges | 65 | €1,437 | €1,687 | +€250 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,594 | -€6,708 | +€1,885 | +21.9% |
| Income taxes | 67/77 | €51 | €143 | +€91 | +179% |
| Profit (loss) for the period | 9904 | -€8,645 | -€6,851 | +€1,794 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,645 | -€6,851 | +€1,794 | +20.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.