Break The Circle: 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.
Break The Circle
Largest movements
- Cash +€41,456
up €41,456 (+26.4%), from €157,238 to €198,694
mainly Net result for the year (+€36,005) and Receivables within one year (+€16,165)
- Receivables within one year -€16,165
down €16,165 (-97.4%), from €16,591 to €426
of which Trade receivables: -€16,456
- Tangible fixed assets -€10,930
down €10,930 (-31.9%), from €34,291 to €23,361
- Reserves +€36,005
up €36,005 (+23.4%), from €154,125 to €190,129
- Tax, wage and social debts -€24,769
down €24,769 (-52.9%), from €46,836 to €22,067
- Other debts +€3,320
up €3,320 (+75.5%), from €4,395 to €7,715
- Gross operating margin -€21,827
down €21,827 (-25.9%), from €84,435 to €62,608
- Taxes -€5,822
down €5,822 (-28.2%), from €20,646 to €14,823
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 | €208,496 | €222,861 | +€14,364 | +6.9% |
| Fixed assets | 21/28 | €34,291 | €23,361 | -€10,930 | -31.9% |
| Tangible fixed assets | 22/27 | €34,291 | €23,361 | -€10,930 | -31.9% |
| Furniture and vehicles | 24 | €34,291 | €23,361 | -€10,930 | -31.9% |
| Current assets | 29/58 | €174,206 | €199,500 | +€25,295 | +14.5% |
| Amounts receivable within one year | 40/41 | €16,591 | €426 | -€16,165 | -97.4% |
| Trade receivables | 40 | €16,456 | €0 | -€16,456 | -100.0% |
| Other amounts receivable | 41 | €135 | €426 | +€291 | +214.8% |
| Cash at bank and in hand | 54/58 | €157,238 | €198,694 | +€41,456 | +26.4% |
| Deferred charges and accrued income | 490/1 | €376 | €380 | +€4 | +1.0% |
| Total equity and liabilities | 10/49 | €208,496 | €222,861 | +€14,364 | +6.9% |
| Equity | 10/15 | €156,625 | €192,629 | +€36,005 | +23.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €154,125 | €190,129 | +€36,005 | +23.4% |
| Distributable reserves | 133 | €154,125 | €190,129 | +€36,005 | +23.4% |
| Amounts payable | 17/49 | €51,872 | €30,231 | -€21,641 | -41.7% |
| Amounts payable within one year | 42/48 | €51,872 | €30,187 | -€21,685 | -41.8% |
| Trade debts | 44 | €640 | €404 | -€236 | -36.8% |
| Suppliers | 440/4 | €640 | €404 | -€236 | -36.8% |
| Taxes, remuneration and social security | 45 | €46,836 | €22,067 | -€24,769 | -52.9% |
| Taxes | 450/3 | €46,836 | €22,067 | -€24,769 | -52.9% |
| Other amounts payable | 47/48 | €4,395 | €7,715 | +€3,320 | +75.5% |
| Accrued charges and deferred income | 492/3 | - | €44 | +€44 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,757 | €10,930 | +€173 | +1.6% |
| Other operating charges | 640/8 | €687 | €703 | +€16 | +2.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €84,435 | €62,608 | -€21,827 | -25.9% |
| Operating profit (loss) | 9901 | €72,992 | €50,976 | -€22,016 | -30.2% |
| Financial income | 75/76B | €35 | €1 | -€35 | -98.6% |
| Recurring financial income | 75 | €35 | €1 | -€35 | -98.6% |
| Financial charges | 65/66B | €115 | €148 | +€33 | +29.0% |
| Recurring financial charges | 65 | €115 | €148 | +€33 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €72,912 | €50,828 | -€22,084 | -30.3% |
| Income taxes | 67/77 | €20,646 | €14,823 | -€5,822 | -28.2% |
| Profit (loss) for the period | 9904 | €52,267 | €36,005 | -€16,262 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,267 | €36,005 | -€16,262 | -31.1% |
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.