BUILDING FORWARD: 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.
BUILDING FORWARD
Largest movements
- Receivables within one year -€20,811
down €20,811 (-90.2%), from €23,079 to €2,268
of which Trade receivables: -€21,298
- Tangible fixed assets -€8,429
down €8,429 (-16.3%), from €51,759 to €43,330
of which Leasing and similar rights: -€11,135
- Cash +€7,275
up €7,275 (+41.8%), from €17,422 to €24,697
mainly Receivables within one year (+€20,811) and Depreciation (+€13,558)
- Deferred charges and accrued income -€1,065
down €1,065 (-74.8%), from €1,424 to €359
- Debts after one year -€14,333
down €14,333 (-32.9%), from €43,516 to €29,183
- Tax, wage and social debts -€11,082
down €11,082 (-60.8%), from €18,215 to €7,132
- Profit (loss) carried forward +€2,239
up €2,239 (+66.0%), from -€3,391 to -€1,152
- Accrued charges and deferred income +€1,501
new in 2025: €1,501
- Other debts -€1,181
down €1,181 (-20.1%), from €5,885 to €4,704
- Gross operating margin +€7,308
up €7,308 (+49.8%), from €14,677 to €21,985
- Taxes +€1,197
up €1,197 (+349.0%), from €343 to €1,539
- Depreciation +€614
up €614 (+4.7%), from €12,943 to €13,558
- Financial charges -€264
down €264 (-9.7%), from €2,726 to €2,462
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 | €93,685 | €70,655 | -€23,030 | -24.6% |
| Fixed assets | 21/28 | €51,759 | €43,330 | -€8,429 | -16.3% |
| Tangible fixed assets | 22/27 | €51,759 | €43,330 | -€8,429 | -16.3% |
| Land and buildings | 22 | €3,524 | €3,129 | -€395 | -11.2% |
| Plant, machinery and equipment | 23 | €1,380 | €1,028 | -€352 | -25.5% |
| Furniture and vehicles | 24 | €3,109 | €6,561 | +€3,452 | +111.1% |
| Leasing and similar rights | 25 | €43,747 | €32,612 | -€11,135 | -25.5% |
| Current assets | 29/58 | €41,925 | €27,325 | -€14,601 | -34.8% |
| Amounts receivable within one year | 40/41 | €23,079 | €2,268 | -€20,811 | -90.2% |
| Trade receivables | 40 | €23,079 | €1,781 | -€21,298 | -92.3% |
| Other amounts receivable | 41 | - | €487 | +€487 | |
| Cash at bank and in hand | 54/58 | €17,422 | €24,697 | +€7,275 | +41.8% |
| Deferred charges and accrued income | 490/1 | €1,424 | €359 | -€1,065 | -74.8% |
| Total equity and liabilities | 10/49 | €93,685 | €70,655 | -€23,030 | -24.6% |
| Equity | 10/15 | €15,893 | €18,132 | +€2,239 | +14.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €19,185 | €19,185 | = | 0.0% |
| Distributable reserves | 133 | €19,185 | €19,185 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,391 | -€1,152 | +€2,239 | +66.0% |
| Amounts payable | 17/49 | €77,792 | €52,522 | -€25,269 | -32.5% |
| Amounts payable after more than one year | 17 | €43,516 | €29,183 | -€14,333 | -32.9% |
| Financial debts | 170/4 | €43,516 | €29,183 | -€14,333 | -32.9% |
| Amounts payable within one year | 42/48 | €34,276 | €21,839 | -€12,437 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €9,018 | €8,572 | -€446 | -4.9% |
| Trade debts | 44 | €1,158 | €1,431 | +€273 | +23.5% |
| Suppliers | 440/4 | €1,158 | €1,431 | +€273 | +23.5% |
| Taxes, remuneration and social security | 45 | €18,215 | €7,132 | -€11,082 | -60.8% |
| Taxes | 450/3 | €18,215 | €7,132 | -€11,082 | -60.8% |
| Other amounts payable | 47/48 | €5,885 | €4,704 | -€1,181 | -20.1% |
| Accrued charges and deferred income | 492/3 | - | €1,501 | +€1,501 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,943 | €13,558 | +€614 | +4.7% |
| Other operating charges | 640/8 | €2,176 | €2,248 | +€71 | +3.3% |
| Gross operating margin | 9900 | €14,677 | €21,985 | +€7,308 | +49.8% |
| Operating profit (loss) | 9901 | -€443 | €6,179 | +€6,623 | |
| Financial income | 75/76B | €121 | €61 | -€60 | -49.5% |
| Recurring financial income | 75 | €121 | €61 | -€60 | -49.5% |
| Financial charges | 65/66B | €2,726 | €2,462 | -€264 | -9.7% |
| Recurring financial charges | 65 | €2,726 | €2,462 | -€264 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,048 | €3,779 | +€6,827 | |
| Income taxes | 67/77 | €343 | €1,539 | +€1,197 | +349.0% |
| Profit (loss) for the period | 9904 | -€3,391 | €2,239 | +€5,630 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,391 | €2,239 | +€5,630 |
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.