BELINE: 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.
BELINE
Largest movements
- Receivables within one year +€12,303
up €12,303 (+98.0%), from €12,552 to €24,855
of which Trade receivables: +€12,275
- Other debts +€24,000
up €24,000 (+13.8%), from €174,306 to €198,306
- Profit (loss) carried forward -€15,159
down €15,159 (-5.5%), from -€274,079 to -€289,238
- Trade debts +€3,177
up €3,177 (+15.6%), from €20,368 to €23,545
- Tax, wage and social debts +€646
up €646 (+110%), from €587 to €1,233
- Short-term financial debts -€361
down €361 (-1.5%), from €24,153 to €23,792
- Gross operating margin -€4,781
down €4,781 (-83.4%), from -€5,731 to -€10,512
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,462 | €31,765 | +€12,303 | +63.2% |
| Current assets | 29/58 | €19,462 | €31,765 | +€12,303 | +63.2% |
| Stocks and contracts in progress | 3 | €6,910 | €6,910 | = | 0.0% |
| Stocks | 30/36 | €6,910 | €6,910 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,552 | €24,855 | +€12,303 | +98.0% |
| Trade receivables | 40 | €12,552 | €24,827 | +€12,275 | +97.8% |
| Other amounts receivable | 41 | - | €28 | +€28 | |
| Total equity and liabilities | 10/49 | €19,462 | €31,765 | +€12,303 | +63.2% |
| Equity | 10/15 | -€199,951 | -€215,111 | -€15,159 | -7.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €29,127 | €29,127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €27,268 | €27,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€274,079 | -€289,238 | -€15,159 | -5.5% |
| Amounts payable | 17/49 | €219,414 | €246,876 | +€27,462 | +12.5% |
| Amounts payable within one year | 42/48 | €219,414 | €246,876 | +€27,462 | +12.5% |
| Financial debts | 43 | €24,153 | €23,792 | -€361 | -1.5% |
| Credit institutions | 430/8 | €24,153 | €23,792 | -€361 | -1.5% |
| Trade debts | 44 | €20,368 | €23,545 | +€3,177 | +15.6% |
| Suppliers | 440/4 | €20,368 | €23,545 | +€3,177 | +15.6% |
| Taxes, remuneration and social security | 45 | €587 | €1,233 | +€646 | +110% |
| Taxes | 450/3 | €587 | €1,233 | +€646 | +110% |
| Other amounts payable | 47/48 | €174,306 | €198,306 | +€24,000 | +13.8% |
| Other operating charges | 640/8 | €602 | €654 | +€53 | +8.8% |
| Gross operating margin | 9900 | -€5,731 | -€10,512 | -€4,781 | -83.4% |
| Operating profit (loss) | 9901 | -€6,332 | -€11,166 | -€4,834 | -76.3% |
| Financial income | 75/76B | €58 | €1 | -€57 | -98.3% |
| Recurring financial income | 75 | €58 | €1 | -€57 | -98.3% |
| Financial charges | 65/66B | €4,018 | €3,994 | -€24 | -0.6% |
| Recurring financial charges | 65 | €4,018 | €3,994 | -€24 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,292 | -€15,159 | -€4,867 | -47.3% |
| Profit (loss) for the period | 9904 | -€10,292 | -€15,159 | -€4,867 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,292 | -€15,159 | -€4,867 | -47.3% |
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 13 October 2026 via checked.be.