BLUE STYLE: 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.
BLUE STYLE
Largest movements
- Tangible fixed assets -€10,663
down €10,663 (-42.4%), from €25,151 to €14,488
of which Furniture and vehicles: -€9,732
- Cash -€9,853
down €9,853 (-11.6%), from €84,681 to €74,828
mainly Stocks and contracts (-€8,921) and Trade debts (-€6,736)
- Stocks and contracts +€8,921
up €8,921 (+8.5%), from €104,772 to €113,693
- Receivables within one year -€3,361
down €3,361 (-32.2%), from €10,435 to €7,074
of which Trade receivables: -€5,780
- Trade debts -€6,736
down €6,736 (-65.4%), from €10,295 to €3,558
- Reserves -€6,546
down €6,546 (-5.3%), from €123,144 to €116,598
- Gross operating margin -€13,302
down €13,302 (-37.3%), from €35,665 to €22,363
- Financial income -€2,429
down €2,429 (-82.5%), from €2,944 to €515
- Staff costs +€921
up €921 (+6.2%), from €14,909 to €15,830
- Financial charges -€581
down €581 (-36.7%), from €1,581 to €1,000
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 | €305,649 | €291,077 | -€14,571 | -4.8% |
| Fixed assets | 21/28 | €25,151 | €14,488 | -€10,663 | -42.4% |
| Tangible fixed assets | 22/27 | €25,151 | €14,488 | -€10,663 | -42.4% |
| Land and buildings | 22 | €187 | €0 | -€187 | -100.0% |
| Plant, machinery and equipment | 23 | €1,451 | €1,097 | -€354 | -24.4% |
| Furniture and vehicles | 24 | €22,486 | €12,754 | -€9,732 | -43.3% |
| Other tangible fixed assets | 26 | €1,028 | €637 | -€390 | -38.0% |
| Current assets | 29/58 | €280,497 | €276,589 | -€3,908 | -1.4% |
| Stocks and contracts in progress | 3 | €104,772 | €113,693 | +€8,921 | +8.5% |
| Stocks | 30/36 | €104,772 | €113,693 | +€8,921 | +8.5% |
| Amounts receivable within one year | 40/41 | €10,435 | €7,074 | -€3,361 | -32.2% |
| Trade receivables | 40 | €10,095 | €4,315 | -€5,780 | -57.3% |
| Other amounts receivable | 41 | €340 | €2,759 | +€2,419 | +711.3% |
| Current investments | 50/53 | €78,745 | €79,260 | +€515 | +0.7% |
| Cash at bank and in hand | 54/58 | €84,681 | €74,828 | -€9,853 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,864 | €1,734 | -€130 | -7.0% |
| Total equity and liabilities | 10/49 | €305,649 | €291,077 | -€14,571 | -4.8% |
| Equity | 10/15 | €160,328 | €153,782 | -€6,546 | -4.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €123,144 | €116,598 | -€6,546 | -5.3% |
| Distributable reserves | 133 | €123,144 | €116,598 | -€6,546 | -5.3% |
| Amounts payable | 17/49 | €145,320 | €137,295 | -€8,025 | -5.5% |
| Amounts payable within one year | 42/48 | €144,411 | €136,232 | -€8,179 | -5.7% |
| Trade debts | 44 | €10,295 | €3,558 | -€6,736 | -65.4% |
| Suppliers | 440/4 | €10,295 | €3,558 | -€6,736 | -65.4% |
| Taxes, remuneration and social security | 45 | €19,713 | €16,897 | -€2,816 | -14.3% |
| Taxes | 450/3 | €14,114 | €9,509 | -€4,605 | -32.6% |
| Remuneration and social security | 454/9 | €5,600 | €7,388 | +€1,789 | +31.9% |
| Other amounts payable | 47/48 | €114,403 | €115,776 | +€1,373 | +1.2% |
| Accrued charges and deferred income | 492/3 | €909 | €1,064 | +€154 | +17.0% |
| Remuneration, social security and pensions | 62 | €14,909 | €15,830 | +€921 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,501 | €10,663 | +€162 | +1.5% |
| Other operating charges | 640/8 | €1,398 | €1,536 | +€138 | +9.8% |
| Non-recurring operating charges | 66A | €163 | €0 | -€163 | -100.0% |
| Gross operating margin | 9900 | €35,665 | €22,363 | -€13,302 | -37.3% |
| Operating profit (loss) | 9901 | €8,693 | -€5,666 | -€14,359 | |
| Financial income | 75/76B | €2,944 | €515 | -€2,429 | -82.5% |
| Recurring financial income | 75 | €2,944 | €515 | -€2,429 | -82.5% |
| Financial charges | 65/66B | €1,581 | €1,000 | -€581 | -36.7% |
| Recurring financial charges | 65 | €1,581 | €1,000 | -€581 | -36.7% |
| Profit (loss) for the period before taxes | 9903 | €10,056 | -€6,151 | -€16,207 | |
| Income taxes | 67/77 | €404 | €395 | -€8 | -2.0% |
| Profit (loss) for the period | 9904 | €9,653 | -€6,546 | -€16,199 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,653 | -€6,546 | -€16,199 |
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 9 October 2026 via checked.be.