Breakpoint: 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.
Breakpoint
Largest movements
- Tangible fixed assets -€8,369
down €8,369 (-21.3%), from €39,198 to €30,830
of which Furniture and vehicles: -€8,815
- Cash -€8,019
down €8,019 (-27.3%), from €29,420 to €21,402
mainly Net result for the year (-€36,003) and Investment in fixed assets (net) (-€3,682)
- Receivables within one year -€4,080
down €4,080 (-99.1%), from €4,115 to €35
of which Trade receivables: -€3,707
- Stocks and contracts -€3,141
down €3,141 (-2.2%), from €139,950 to €136,809
- Profit (loss) carried forward -€36,003
down €36,003 (-12.3%), from -€293,584 to -€329,587
- Other debts +€15,958
up €15,958 (+6.8%), from €235,384 to €251,342
- Debts after one year -€3,415
down €3,415 (-1.4%), from €250,000 to €246,585
- Depreciation +€1,625
up €1,625 (+15.6%), from €10,426 to €12,050
- Gross operating margin -€1,245
down €1,245 (-5.8%), from -€21,589 to -€22,834
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 | €212,684 | €190,608 | -€22,076 | -10.4% |
| Fixed assets | 21/28 | €39,198 | €30,830 | -€8,369 | -21.3% |
| Tangible fixed assets | 22/27 | €39,198 | €30,830 | -€8,369 | -21.3% |
| Plant, machinery and equipment | 23 | €3,191 | €3,638 | +€446 | +14.0% |
| Furniture and vehicles | 24 | €36,007 | €27,192 | -€8,815 | -24.5% |
| Current assets | 29/58 | €173,486 | €159,778 | -€13,707 | -7.9% |
| Stocks and contracts in progress | 3 | €139,950 | €136,809 | -€3,141 | -2.2% |
| Stocks | 30/36 | €139,950 | €136,809 | -€3,141 | -2.2% |
| Amounts receivable within one year | 40/41 | €4,115 | €35 | -€4,080 | -99.1% |
| Trade receivables | 40 | €3,707 | - | -€3,707 | |
| Other amounts receivable | 41 | €408 | €35 | -€373 | -91.4% |
| Cash at bank and in hand | 54/58 | €29,420 | €21,402 | -€8,019 | -27.3% |
| Deferred charges and accrued income | 490/1 | - | €1,532 | +€1,532 | |
| Total equity and liabilities | 10/49 | €212,684 | €190,608 | -€22,076 | -10.4% |
| Equity | 10/15 | -€273,124 | -€309,127 | -€36,003 | -13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,584 | -€329,587 | -€36,003 | -12.3% |
| Amounts payable | 17/49 | €485,808 | €499,735 | +€13,927 | +2.9% |
| Amounts payable after more than one year | 17 | €250,000 | €246,585 | -€3,415 | -1.4% |
| Financial debts | 170/4 | €250,000 | €246,585 | -€3,415 | -1.4% |
| Amounts payable within one year | 42/48 | €235,808 | €253,149 | +€17,341 | +7.4% |
| Trade debts | 44 | €278 | €1,695 | +€1,417 | +509.2% |
| Suppliers | 440/4 | €278 | €1,695 | +€1,417 | +509.2% |
| Taxes, remuneration and social security | 45 | €146 | €111 | -€34 | -23.5% |
| Taxes | 450/3 | €146 | €111 | -€34 | -23.5% |
| Other amounts payable | 47/48 | €235,384 | €251,342 | +€15,958 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,426 | €12,050 | +€1,625 | +15.6% |
| Other operating charges | 640/8 | €938 | €748 | -€189 | -20.2% |
| Gross operating margin | 9900 | -€21,589 | -€22,834 | -€1,245 | -5.8% |
| Operating profit (loss) | 9901 | -€32,952 | -€35,632 | -€2,680 | -8.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €153 | €238 | +€85 | +55.8% |
| Recurring financial charges | 65 | €153 | €238 | +€85 | +55.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,105 | -€35,871 | -€2,766 | -8.4% |
| Income taxes | 67/77 | €146 | €132 | -€14 | -9.4% |
| Profit (loss) for the period | 9904 | -€33,251 | -€36,003 | -€2,752 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,251 | -€36,003 | -€2,752 | -8.3% |
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.