BREAKPOINT: 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.
BREAKPOINT
Largest movements
- Receivables within one year +€9,017
up €9,017 (+25.6%), from €35,181 to €44,199
of which Other amounts receivable: +€9,727
- Cash -€8,426
down €8,426 (-93.1%), from €9,049 to €623
mainly Receivables within one year (-€9,017) and Tax, wage and social debts (-€3,044)
- Deferred charges and accrued income -€1,144
down €1,144 (-21.6%), from €5,307 to €4,164
- Tangible fixed assets -€702
down €702 (-3.9%), from €17,882 to €17,181
of which Plant, machinery and equipment: -€1,920
- Reserves +€5,248
up €5,248 (+282%), from €1,860 to €7,108
- Tax, wage and social debts -€3,044
down €3,044 (-37.3%), from €8,168 to €5,123
- Trade debts -€1,310
down €1,310 (-31.3%), from €4,187 to €2,877
- Current portion of long-term debt -€1,114
down €1,114 (-51.9%), from €2,148 to €1,034
- Debts after one year -€1,034
no longer reported in 2025 (was €1,034)
- Gross operating margin -€18,995
down €18,995 (-61.3%), from €30,984 to €11,989
- Staff costs -€15,347
no longer reported in 2025 (was €15,347)
- Financial charges -€346
down €346 (-15.0%), from €2,312 to €1,966
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
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 | €67,420 | €66,166 | -€1,254 | -1.9% |
| Fixed assets | 21/28 | €17,882 | €17,181 | -€702 | -3.9% |
| Tangible fixed assets | 22/27 | €17,882 | €17,181 | -€702 | -3.9% |
| Land and buildings | 22 | €12,824 | €14,042 | +€1,218 | +9.5% |
| Plant, machinery and equipment | 23 | €5,058 | €3,139 | -€1,920 | -38.0% |
| Current assets | 29/58 | €49,538 | €48,986 | -€552 | -1.1% |
| Amounts receivable within one year | 40/41 | €35,181 | €44,199 | +€9,017 | +25.6% |
| Trade receivables | 40 | €1,741 | €1,032 | -€710 | -40.8% |
| Other amounts receivable | 41 | €33,440 | €43,167 | +€9,727 | +29.1% |
| Cash at bank and in hand | 54/58 | €9,049 | €623 | -€8,426 | -93.1% |
| Deferred charges and accrued income | 490/1 | €5,307 | €4,164 | -€1,144 | -21.6% |
| Total equity and liabilities | 10/49 | €67,420 | €66,166 | -€1,254 | -1.9% |
| Equity | 10/15 | €51,883 | €57,132 | +€5,248 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €7,108 | +€5,248 | +282% |
| Distributable reserves | 133 | €1,860 | €7,108 | +€5,248 | +282% |
| Profit (loss) carried forward | 14 | €31,423 | €31,423 | = | 0.0% |
| Amounts payable | 17/49 | €15,537 | €9,035 | -€6,502 | -41.8% |
| Amounts payable after more than one year | 17 | €1,034 | - | -€1,034 | |
| Financial debts | 170/4 | €1,034 | - | -€1,034 | |
| Amounts payable within one year | 42/48 | €14,503 | €9,035 | -€5,468 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €2,148 | €1,034 | -€1,114 | -51.9% |
| Trade debts | 44 | €4,187 | €2,877 | -€1,310 | -31.3% |
| Suppliers | 440/4 | €4,187 | €2,877 | -€1,310 | -31.3% |
| Taxes, remuneration and social security | 45 | €8,168 | €5,123 | -€3,044 | -37.3% |
| Taxes | 450/3 | €8,168 | €5,123 | -€3,044 | -37.3% |
| Non-recurring operating income | 76A | €7,256 | - | -€7,256 | |
| Remuneration, social security and pensions | 62 | €15,347 | - | -€15,347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,202 | -€235 | -9.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €30,984 | €11,989 | -€18,995 | -61.3% |
| Operating profit (loss) | 9901 | €13,082 | €9,667 | -€3,415 | -26.1% |
| Financial charges | 65/66B | €2,312 | €1,966 | -€346 | -15.0% |
| Recurring financial charges | 65 | €2,312 | €1,966 | -€346 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €10,770 | €7,701 | -€3,070 | -28.5% |
| Income taxes | 67/77 | €2,671 | €2,452 | -€219 | -8.2% |
| Profit (loss) for the period | 9904 | €8,099 | €5,248 | -€2,850 | -35.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,099 | €5,248 | -€2,850 | -35.2% |
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 14 October 2026 via checked.be.