Business Affairs: what changed
Business Affairs
Largest movements
- Receivables within one year -€4,193
down €4,193 (-7.4%), from €56,972 to €52,780
of which Trade receivables: -€18,150
- Tangible fixed assets -€2,408
down €2,408 (-28.2%), from €8,550 to €6,142
of which Furniture and vehicles: -€1,378
- Cash -€1,892
down €1,892 (-99.8%), from €1,895 to €3
mainly Other debts (-€13,388) and Net result for the year (-€8,060)
- Debts after one year +€14,186
up €14,186 (+20.2%), from €70,379 to €84,565
- Other debts -€13,388
down €13,388 (-100%), from €13,388 to €0
- Profit (loss) carried forward -€8,060
down €8,060 (-6.7%), from -€121,018 to -€129,078
- Tax, wage and social debts -€1,987
down €1,987 (-85.3%), from €2,331 to €344
- Trade debts +€762
up €762 (+194%), from €393 to €1,156
- Gross operating margin +€44,078
up €44,078 (+89.2%), from -€49,403 to -€5,325
- Depreciation -€7,158
down €7,158 (-74.8%), from €9,566 to €2,408
- Other operating charges -€548
down €548 (-79.2%), from €692 to €144
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,960 | €60,473 | -€8,487 | -12.3% |
| Fixed assets | 21/28 | €8,555 | €6,147 | -€2,408 | -28.1% |
| Tangible fixed assets | 22/27 | €8,550 | €6,142 | -€2,408 | -28.2% |
| Plant, machinery and equipment | 23 | €752 | €585 | -€167 | -22.2% |
| Furniture and vehicles | 24 | €2,695 | €1,317 | -€1,378 | -51.1% |
| Other tangible fixed assets | 26 | €5,103 | €4,241 | -€862 | -16.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €60,406 | €54,326 | -€6,079 | -10.1% |
| Amounts receivable within one year | 40/41 | €56,972 | €52,780 | -€4,193 | -7.4% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100% |
| Other amounts receivable | 41 | €38,822 | €52,780 | +€13,957 | +36.0% |
| Cash at bank and in hand | 54/58 | €1,895 | €3 | -€1,892 | -99.8% |
| Deferred charges and accrued income | 490/1 | €1,538 | €1,544 | +€5 | +0.3% |
| Total equity and liabilities | 10/49 | €68,960 | €60,473 | -€8,487 | -12.3% |
| Equity | 10/15 | -€17,530 | -€25,591 | -€8,060 | -46.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €103,387 | €103,387 | = | 0.0% |
| Distributable reserves | 133 | €103,387 | €103,387 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,018 | -€129,078 | -€8,060 | -6.7% |
| Amounts payable | 17/49 | €86,490 | €86,064 | -€427 | -0.5% |
| Amounts payable after more than one year | 17 | €70,379 | €84,565 | +€14,186 | +20.2% |
| Other amounts payable | 178/9 | €70,379 | €84,565 | +€14,186 | +20.2% |
| Amounts payable within one year | 42/48 | €16,112 | €1,499 | -€14,613 | -90.7% |
| Trade debts | 44 | €393 | €1,156 | +€762 | +194% |
| Suppliers | 440/4 | €393 | €1,156 | +€762 | +194% |
| Taxes, remuneration and social security | 45 | €2,331 | €344 | -€1,987 | -85.3% |
| Taxes | 450/3 | €2,331 | €344 | -€1,987 | -85.3% |
| Other amounts payable | 47/48 | €13,388 | €0 | -€13,388 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,566 | €2,408 | -€7,158 | -74.8% |
| Other operating charges | 640/8 | €692 | €144 | -€548 | -79.2% |
| Gross operating margin | 9900 | -€49,403 | -€5,325 | +€44,078 | +89.2% |
| Operating profit (loss) | 9901 | -€59,660 | -€7,876 | +€51,784 | +86.8% |
| Financial income | 75/76B | €145 | €0 | -€145 | -100% |
| Recurring financial income | 75 | €145 | €0 | -€145 | -100% |
| Financial charges | 65/66B | €30 | €1 | -€29 | -95.9% |
| Recurring financial charges | 65 | €30 | €1 | -€29 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,545 | -€7,878 | +€51,668 | +86.8% |
| Income taxes | 67/77 | €161 | €183 | +€22 | +13.5% |
| Profit (loss) for the period | 9904 | -€59,706 | -€8,060 | +€51,646 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,706 | -€8,060 | +€51,646 | +86.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.