BREATHING: 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.
BREATHING
Largest movements
- Receivables within one year +€17,519
up €17,519 (+137%), from €12,776 to €30,295
of which Trade receivables: +€17,156
- Cash -€10,639
down €10,639 (-24.7%), from €42,997 to €32,357
mainly Receivables within one year (-€17,519) and Net result for the year (-€3,369)
- Stocks and contracts -€8,830
down €8,830 (-9.5%), from €93,175 to €84,345
- Profit (loss) carried forward -€3,369
down €3,369 (-11.3%), from €29,835 to €26,466
- Gross operating margin -€8,662
down €8,662, from €7,994 to -€668
- Taxes -€1,401
down €1,401, from €1,284 to -€117
- Other operating charges +€253
up €253 (+38.5%), from €657 to €909
- Financial income +€199
up €199 (+279%), from €71 to €271
- Depreciation -€144
down €144 (-7.5%), from €1,914 to €1,770
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 | €158,996 | €156,346 | -€2,650 | -1.7% |
| Fixed assets | 21/28 | €9,619 | €9,188 | -€431 | -4.5% |
| Tangible fixed assets | 22/27 | €9,619 | €9,188 | -€431 | -4.5% |
| Plant, machinery and equipment | 23 | €9,619 | €9,188 | -€431 | -4.5% |
| Current assets | 29/58 | €149,377 | €147,158 | -€2,219 | -1.5% |
| Stocks and contracts in progress | 3 | €93,175 | €84,345 | -€8,830 | -9.5% |
| Stocks | 30/36 | €93,175 | €84,345 | -€8,830 | -9.5% |
| Amounts receivable within one year | 40/41 | €12,776 | €30,295 | +€17,519 | +137% |
| Trade receivables | 40 | €2,086 | €19,241 | +€17,156 | +823% |
| Other amounts receivable | 41 | €10,690 | €11,053 | +€363 | +3.4% |
| Cash at bank and in hand | 54/58 | €42,997 | €32,357 | -€10,639 | -24.7% |
| Deferred charges and accrued income | 490/1 | €430 | €161 | -€269 | -62.5% |
| Total equity and liabilities | 10/49 | €158,996 | €156,346 | -€2,650 | -1.7% |
| Equity | 10/15 | €155,322 | €151,953 | -€3,369 | -2.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €105,027 | €105,027 | = | 0.0% |
| Distributable reserves | 133 | €105,027 | €105,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,835 | €26,466 | -€3,369 | -11.3% |
| Amounts payable | 17/49 | €3,674 | €4,393 | +€719 | +19.6% |
| Amounts payable within one year | 42/48 | €3,674 | €4,393 | +€719 | +19.6% |
| Trade debts | 44 | €1,443 | €2,163 | +€719 | +49.8% |
| Suppliers | 440/4 | €1,443 | €2,163 | +€719 | +49.8% |
| Taxes, remuneration and social security | 45 | €2,231 | €2,231 | = | 0.0% |
| Taxes | 450/3 | €376 | €376 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,855 | €1,855 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,914 | €1,770 | -€144 | -7.5% |
| Other operating charges | 640/8 | €657 | €909 | +€253 | +38.5% |
| Gross operating margin | 9900 | €7,994 | -€668 | -€8,662 | |
| Operating profit (loss) | 9901 | €5,423 | -€3,348 | -€8,771 | |
| Financial income | 75/76B | €71 | €271 | +€199 | +279% |
| Recurring financial income | 75 | €71 | €271 | +€199 | +279% |
| Financial charges | 65/66B | €455 | €410 | -€45 | -9.9% |
| Recurring financial charges | 65 | €455 | €410 | -€45 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €5,040 | -€3,487 | -€8,526 | |
| Income taxes | 67/77 | €1,284 | -€117 | -€1,401 | |
| Profit (loss) for the period | 9904 | €3,756 | -€3,369 | -€7,125 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,756 | -€3,369 | -€7,125 |
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 20 October 2026 via checked.be.