BEHINDIMAGE: 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.
BEHINDIMAGE
Largest movements
- Cash -€117,123
down €117,123 (-27.7%), from €422,780 to €305,657
mainly Other debts (-€104,256) and Tax, wage and social debts (-€15,000)
- Tangible fixed assets -€16,734
down €16,734 (-43.3%), from €38,664 to €21,930
of which Furniture and vehicles: -€11,429
- Other debts -€104,256
no longer reported in 2025 (was €104,256)
- Tax, wage and social debts -€15,000
no longer reported in 2025 (was €15,000)
- Profit (loss) carried forward -€12,583
down €12,583 (-6.9%), from €182,533 to €169,950
- Gross operating margin -€169,575
down €169,575 (-87.1%), from €194,622 to €25,048
- Taxes -€15,741
down €15,741 (-43.0%), from €36,619 to €20,877
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 | €732,778 | €606,100 | -€126,678 | -17.3% |
| Fixed assets | 21/28 | €38,664 | €21,930 | -€16,734 | -43.3% |
| Tangible fixed assets | 22/27 | €38,664 | €21,930 | -€16,734 | -43.3% |
| Plant, machinery and equipment | 23 | €7,349 | €2,045 | -€5,305 | -72.2% |
| Furniture and vehicles | 24 | €31,314 | €19,885 | -€11,429 | -36.5% |
| Current assets | 29/58 | €694,114 | €584,170 | -€109,944 | -15.8% |
| Amounts receivable within one year | 40/41 | €21,334 | €28,513 | +€7,179 | +33.7% |
| Trade receivables | 40 | - | €579 | +€579 | |
| Other amounts receivable | 41 | €21,334 | €27,933 | +€6,600 | +30.9% |
| Current investments | 50/53 | €250,000 | €250,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €422,780 | €305,657 | -€117,123 | -27.7% |
| Total equity and liabilities | 10/49 | €732,778 | €606,100 | -€126,678 | -17.3% |
| Equity | 10/15 | €606,433 | €593,851 | -€12,583 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €417,700 | €417,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €415,840 | €415,840 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,533 | €169,950 | -€12,583 | -6.9% |
| Amounts payable | 17/49 | €126,344 | €12,249 | -€114,095 | -90.3% |
| Amounts payable within one year | 42/48 | €126,344 | €12,249 | -€114,095 | -90.3% |
| Financial debts | 43 | €3,423 | €6,747 | +€3,323 | +97.1% |
| Credit institutions | 430/8 | €3,423 | €6,747 | +€3,323 | +97.1% |
| Trade debts | 44 | €3,665 | €5,502 | +€1,837 | +50.1% |
| Suppliers | 440/4 | €3,665 | €5,502 | +€1,837 | +50.1% |
| Taxes, remuneration and social security | 45 | €15,000 | - | -€15,000 | |
| Taxes | 450/3 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €104,256 | - | -€104,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,555 | €17,489 | -€65 | -0.4% |
| Other operating charges | 640/8 | €990 | €2,002 | +€1,012 | +102.3% |
| Gross operating margin | 9900 | €194,622 | €25,048 | -€169,575 | -87.1% |
| Operating profit (loss) | 9901 | €176,078 | €5,556 | -€170,522 | -96.8% |
| Financial income | 75/76B | €3,576 | €3,241 | -€334 | -9.4% |
| Recurring financial income | 75 | €3,576 | €3,241 | -€334 | -9.4% |
| Financial charges | 65/66B | €1,321 | €503 | -€819 | -62.0% |
| Recurring financial charges | 65 | €1,321 | €503 | -€819 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €178,332 | €8,295 | -€170,038 | -95.3% |
| Income taxes | 67/77 | €36,619 | €20,877 | -€15,741 | -43.0% |
| Profit (loss) for the period | 9904 | €141,714 | -€12,583 | -€154,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €141,714 | -€12,583 | -€154,296 |
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 8 October 2026 via checked.be.