BRAINSTORMING: 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.
BRAINSTORMING
Largest movements
- Receivables within one year -€119,130
down €119,130 (-42.5%), from €280,133 to €161,003
of which Trade receivables: -€106,351
- Cash +€58,395
up €58,395 (+128.6%), from €45,422 to €103,816
mainly Receivables within one year (+€119,130) and Debts after one year (+€13,589)
- Tangible fixed assets +€19,432
up €19,432 (+55.4%), from €35,070 to €54,502
of which Furniture and vehicles: +€20,328
- Trade debts -€31,763
down €31,763 (-15.1%), from €210,697 to €178,934
- Reserves -€20,000
down €20,000 (-30.0%), from €66,766 to €46,766
of which Distributable reserves: -€20,000
- Tax, wage and social debts -€16,657
down €16,657 (-67.9%), from €24,525 to €7,868
of which Remuneration and social security: -€11,098
- Debts after one year +€13,589
up €13,589 (+96.8%), from €14,042 to €27,631
- Other debts +€11,700
up €11,700 (+167.1%), from €7,000 to €18,700
- Gross operating margin -€26,299
down €26,299 (-26.5%), from €99,119 to €72,820
- Taxes -€8,749
down €8,749 (-61.7%), from €14,170 to €5,421
- Depreciation +€7,434
up €7,434 (+166.8%), from €4,457 to €11,890
- Other operating charges +€3,077
up €3,077 (+175.3%), from €1,756 to €4,833
- Write-downs -€2,500
down €2,500, from €1,250 to -€1,250
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 | €365,590 | €326,079 | -€39,511 | -10.8% |
| Fixed assets | 21/28 | €35,245 | €54,677 | +€19,432 | +55.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €35,070 | €54,502 | +€19,432 | +55.4% |
| Plant, machinery and equipment | 23 | €2,572 | €1,676 | -€896 | -34.8% |
| Furniture and vehicles | 24 | €32,498 | €52,826 | +€20,328 | +62.6% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €330,345 | €271,402 | -€58,943 | -17.8% |
| Amounts receivable within one year | 40/41 | €280,133 | €161,003 | -€119,130 | -42.5% |
| Trade receivables | 40 | €211,277 | €104,926 | -€106,351 | -50.3% |
| Other amounts receivable | 41 | €68,856 | €56,077 | -€12,779 | -18.6% |
| Cash at bank and in hand | 54/58 | €45,422 | €103,816 | +€58,395 | +128.6% |
| Deferred charges and accrued income | 490/1 | €4,791 | €6,583 | +€1,792 | +37.4% |
| Total equity and liabilities | 10/49 | €365,590 | €326,079 | -€39,511 | -10.8% |
| Equity | 10/15 | €91,301 | €71,432 | -€19,869 | -21.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,766 | €46,766 | -€20,000 | -30.0% |
| Non-distributable reserves | 130/1 | €2,766 | €2,766 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,766 | €2,766 | = | 0.0% |
| Distributable reserves | 133 | €64,000 | €44,000 | -€20,000 | -31.3% |
| Profit (loss) carried forward | 14 | €18,335 | €18,466 | +€131 | +0.7% |
| Amounts payable | 17/49 | €274,289 | €254,647 | -€19,642 | -7.2% |
| Amounts payable after more than one year | 17 | €14,042 | €27,631 | +€13,589 | +96.8% |
| Financial debts | 170/4 | €14,042 | €27,631 | +€13,589 | +96.8% |
| Amounts payable within one year | 42/48 | €260,247 | €227,016 | -€33,231 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €18,025 | €21,514 | +€3,489 | +19.4% |
| Trade debts | 44 | €210,697 | €178,934 | -€31,763 | -15.1% |
| Suppliers | 440/4 | €210,697 | €178,934 | -€31,763 | -15.1% |
| Taxes, remuneration and social security | 45 | €24,525 | €7,868 | -€16,657 | -67.9% |
| Taxes | 450/3 | €9,626 | €4,067 | -€5,559 | -57.7% |
| Remuneration and social security | 454/9 | €14,899 | €3,800 | -€11,098 | -74.5% |
| Other amounts payable | 47/48 | €7,000 | €18,700 | +€11,700 | +167.1% |
| Non-recurring operating income | 76A | - | €3,967 | +€3,967 | |
| Remuneration, social security and pensions | 62 | €50,517 | €50,502 | -€15 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,457 | €11,890 | +€7,434 | +166.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,250 | -€1,250 | -€2,500 | |
| Other operating charges | 640/8 | €1,756 | €4,833 | +€3,077 | +175.3% |
| Gross operating margin | 9900 | €99,119 | €72,820 | -€26,299 | -26.5% |
| Operating profit (loss) | 9901 | €41,140 | €6,845 | -€34,295 | -83.4% |
| Financial income | 75/76B | €2,720 | €1,661 | -€1,059 | -38.9% |
| Recurring financial income | 75 | €2,720 | €1,661 | -€1,059 | -38.9% |
| Financial charges | 65/66B | €4,071 | €2,954 | -€1,117 | -27.4% |
| Recurring financial charges | 65 | €4,071 | €2,954 | -€1,117 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €39,789 | €5,552 | -€34,237 | -86.0% |
| Income taxes | 67/77 | €14,170 | €5,421 | -€8,749 | -61.7% |
| Profit (loss) for the period | 9904 | €25,620 | €131 | -€25,489 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,620 | €131 | -€25,489 | -99.5% |
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 4 October 2026 via checked.be.