Bar C.: 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.
Bar C.
Largest movements
- Receivables within one year +€25,535
up €25,535 (+740.9%), from €3,447 to €28,982
of which Trade receivables: +€13,841
- Tangible fixed assets +€8,928
up €8,928 (+23.7%), from €37,730 to €46,658
of which Plant, machinery and equipment: +€12,758
- Cash -€6,733
down €6,733 (-56.0%), from €12,031 to €5,298
mainly Net result for the year (-€45,927) and Receivables within one year (-€25,535)
- Profit (loss) carried forward -€45,927
down €45,927, from €7,322 to -€38,606
- Other debts +€25,732
up €25,732 (+102.4%), from €25,123 to €50,856
- Trade debts +€19,994
up €19,994 (+238.2%), from €8,395 to €28,389
- Advances received +€17,078
new in 2025: €17,078
- Debts after one year +€11,039
up €11,039 (+206.7%), from €5,342 to €16,381
- Gross operating margin -€43,646
down €43,646, from €10,991 to -€32,655
- Other operating charges -€2,549
down €2,549 (-95.4%), from €2,673 to €124
- Staff costs -€2,051
down €2,051 (-100.0%), from €2,051 to €0
- Depreciation +€838
up €838 (+9.1%), from €9,249 to €10,087
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 | €60,933 | €88,357 | +€27,424 | +45.0% |
| Fixed assets | 21/28 | €37,730 | €46,658 | +€8,928 | +23.7% |
| Tangible fixed assets | 22/27 | €37,730 | €46,658 | +€8,928 | +23.7% |
| Land and buildings | 22 | €3,456 | €1,969 | -€1,488 | -43.0% |
| Plant, machinery and equipment | 23 | €22,157 | €34,914 | +€12,758 | +57.6% |
| Furniture and vehicles | 24 | €12,118 | €9,776 | -€2,342 | -19.3% |
| Current assets | 29/58 | €23,203 | €41,699 | +€18,496 | +79.7% |
| Stocks and contracts in progress | 3 | €7,433 | €7,335 | -€98 | -1.3% |
| Stocks | 30/36 | €7,433 | €7,335 | -€98 | -1.3% |
| Amounts receivable within one year | 40/41 | €3,447 | €28,982 | +€25,535 | +740.9% |
| Trade receivables | 40 | €1,770 | €15,612 | +€13,841 | +781.8% |
| Other amounts receivable | 41 | €1,676 | €13,370 | +€11,694 | +697.6% |
| Cash at bank and in hand | 54/58 | €12,031 | €5,298 | -€6,733 | -56.0% |
| Deferred charges and accrued income | 490/1 | €292 | €85 | -€208 | -71.1% |
| Total equity and liabilities | 10/49 | €60,933 | €88,357 | +€27,424 | +45.0% |
| Equity | 10/15 | €11,322 | -€34,606 | -€45,927 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,322 | -€38,606 | -€45,927 | |
| Amounts payable | 17/49 | €49,611 | €122,963 | +€73,352 | +147.9% |
| Amounts payable after more than one year | 17 | €5,342 | €16,381 | +€11,039 | +206.7% |
| Financial debts | 170/4 | €5,342 | €16,381 | +€11,039 | +206.7% |
| Amounts payable within one year | 42/48 | €44,269 | €106,582 | +€62,313 | +140.8% |
| Current portion of amounts payable after more than one year | 42 | €10,301 | €10,079 | -€222 | -2.2% |
| Trade debts | 44 | €8,395 | €28,389 | +€19,994 | +238.2% |
| Suppliers | 440/4 | €8,395 | €28,389 | +€19,994 | +238.2% |
| Advances received on contracts in progress | 46 | - | €17,078 | +€17,078 | |
| Taxes, remuneration and social security | 45 | €451 | €180 | -€270 | -60.0% |
| Taxes | 450/3 | €299 | €180 | -€119 | -39.7% |
| Remuneration and social security | 454/9 | €152 | €0 | -€152 | -100.0% |
| Other amounts payable | 47/48 | €25,123 | €50,856 | +€25,732 | +102.4% |
| Remuneration, social security and pensions | 62 | €2,051 | €0 | -€2,051 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,249 | €10,087 | +€838 | +9.1% |
| Other operating charges | 640/8 | €2,673 | €124 | -€2,549 | -95.4% |
| Gross operating margin | 9900 | €10,991 | -€32,655 | -€43,646 | |
| Operating profit (loss) | 9901 | -€2,981 | -€42,866 | -€39,885 | -1337.9% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €3,372 | €3,162 | -€209 | -6.2% |
| Recurring financial charges | 65 | €3,372 | €3,162 | -€209 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,353 | -€45,927 | -€39,575 | -623.0% |
| Profit (loss) for the period | 9904 | -€6,353 | -€45,927 | -€39,575 | -623.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,353 | -€45,927 | -€39,575 | -623.0% |
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 30 September 2026 via checked.be.