BE VISIBLE: 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.
BE VISIBLE
Largest movements
- Tangible fixed assets +€17,906
up €17,906 (+230%), from €7,795 to €25,701
of which Furniture and vehicles: +€18,629
- Receivables within one year -€9,416
down €9,416 (-58.8%), from €16,016 to €6,600
of which Trade receivables: -€9,846
- Cash -€710
down €710 (-42.7%), from €1,662 to €953
mainly Investment in fixed assets (net) (-€25,500) and Net result for the year (-€9,838)
- Deferred charges and accrued income -€390
down €390 (-76.6%), from €510 to €119
- Other debts +€15,080
up €15,080 (+988%), from €1,527 to €16,607
- Profit (loss) carried forward -€9,838
down €9,838, from €1,367 to -€8,472
- Tax, wage and social debts +€2,602
up €2,602 (+160%), from €1,622 to €4,224
of which Remuneration and social security: +€1,317
- Depreciation +€5,733
up €5,733 (+308%), from €1,862 to €7,594
- Staff costs -€4,882
down €4,882 (-14.6%), from €33,455 to €28,572
- Gross operating margin +€1,546
up €1,546 (+5.5%), from €28,211 to €29,756
- Financial charges +€796
up €796 (+289%), from €276 to €1,072
- Taxes +€559
up €559 (+503%), from €111 to €669
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.
Derived cash bridge
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 | €28,266 | €35,656 | +€7,390 | +26.1% |
| Fixed assets | 21/28 | €10,078 | €27,984 | +€17,906 | +178% |
| Tangible fixed assets | 22/27 | €7,795 | €25,701 | +€17,906 | +230% |
| Plant, machinery and equipment | 23 | €206 | €84 | -€122 | -59.0% |
| Furniture and vehicles | 24 | €2,461 | €21,090 | +€18,629 | +757% |
| Other tangible fixed assets | 26 | €5,128 | €4,526 | -€602 | -11.7% |
| Financial fixed assets | 28 | €2,283 | €2,283 | = | 0.0% |
| Current assets | 29/58 | €18,188 | €7,672 | -€10,516 | -57.8% |
| Amounts receivable within one year | 40/41 | €16,016 | €6,600 | -€9,416 | -58.8% |
| Trade receivables | 40 | €9,846 | - | -€9,846 | |
| Other amounts receivable | 41 | €6,170 | €6,600 | +€430 | +7.0% |
| Cash at bank and in hand | 54/58 | €1,662 | €953 | -€710 | -42.7% |
| Deferred charges and accrued income | 490/1 | €510 | €119 | -€390 | -76.6% |
| Total equity and liabilities | 10/49 | €28,266 | €35,656 | +€7,390 | +26.1% |
| Equity | 10/15 | €21,827 | €11,988 | -€9,838 | -45.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,367 | -€8,472 | -€9,838 | |
| Amounts payable | 17/49 | €6,439 | €23,668 | +€17,228 | +268% |
| Amounts payable within one year | 42/48 | €6,439 | €23,668 | +€17,228 | +268% |
| Current portion of amounts payable after more than one year | 42 | €1,571 | €1,350 | -€221 | -14.1% |
| Trade debts | 44 | €1,719 | €1,487 | -€232 | -13.5% |
| Suppliers | 440/4 | €1,719 | €1,487 | -€232 | -13.5% |
| Taxes, remuneration and social security | 45 | €1,622 | €4,224 | +€2,602 | +160% |
| Taxes | 450/3 | - | €1,285 | +€1,285 | |
| Remuneration and social security | 454/9 | €1,622 | €2,939 | +€1,317 | +81.2% |
| Other amounts payable | 47/48 | €1,527 | €16,607 | +€15,080 | +988% |
| Remuneration, social security and pensions | 62 | €33,455 | €28,572 | -€4,882 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,862 | €7,594 | +€5,733 | +308% |
| Other operating charges | 640/8 | €1,196 | €1,688 | +€492 | +41.1% |
| Gross operating margin | 9900 | €28,211 | €29,756 | +€1,546 | +5.5% |
| Operating profit (loss) | 9901 | -€8,302 | -€8,098 | +€203 | +2.5% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €276 | €1,072 | +€796 | +289% |
| Recurring financial charges | 65 | €276 | €1,072 | +€796 | +289% |
| Profit (loss) for the period before taxes | 9903 | -€8,577 | -€9,169 | -€592 | -6.9% |
| Income taxes | 67/77 | €111 | €669 | +€559 | +503% |
| Profit (loss) for the period | 9904 | -€8,688 | -€9,838 | -€1,150 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,688 | -€9,838 | -€1,150 | -13.2% |
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 27 October 2026 via checked.be.