BY I: 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.
BY I
Largest movements
- Receivables within one year +€14,392
up €14,392 (+320%), from €4,500 to €18,892
of which Other amounts receivable: +€10,417
- Tangible fixed assets +€7,282
up €7,282 (+316%), from €2,303 to €9,586
of which Furniture and vehicles: +€7,541
- Stocks and contracts -€5,611
down €5,611 (-48.3%), from €11,611 to €6,000
- Cash -€5,587
down €5,587 (-50.8%), from €10,987 to €5,401
mainly Receivables within one year (-€14,392) and Other debts (-€12,541)
- Deferred charges and accrued income +€1,626
up €1,626 (+352%), from €462 to €2,089
- Advances received +€14,111
new in 2025: €14,111
- Other debts -€12,541
down €12,541 (-43.9%), from €28,556 to €16,015
- Trade debts +€7,306
up €7,306 (+46.0%), from €15,867 to €23,173
- Profit (loss) carried forward +€2,401
up €2,401 (+12.4%), from -€19,309 to -€16,908
- Tax, wage and social debts +€592
up €592 (+36.7%), from €1,614 to €2,206
of which Remuneration and social security: +€500
- Gross operating margin +€5,876
up €5,876 (+321%), from €1,828 to €7,703
- Depreciation +€1,400
up €1,400 (+186%), from €751 to €2,152
- Other operating charges -€1,010
down €1,010 (-31.8%), from €3,176 to €2,166
- Financial charges -€321
down €321 (-26.4%), from €1,213 to €893
- Taxes +€92
new in 2025: €92
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 | €30,128 | €41,997 | +€11,869 | +39.4% |
| Formation expenses | 20 | €264 | €30 | -€234 | -88.6% |
| Fixed assets | 21/28 | €2,303 | €9,586 | +€7,282 | +316% |
| Tangible fixed assets | 22/27 | €2,303 | €9,586 | +€7,282 | +316% |
| Plant, machinery and equipment | 23 | €1,101 | €842 | -€259 | -23.5% |
| Furniture and vehicles | 24 | €1,202 | €8,743 | +€7,541 | +627% |
| Current assets | 29/58 | €27,560 | €32,381 | +€4,821 | +17.5% |
| Stocks and contracts in progress | 3 | €11,611 | €6,000 | -€5,611 | -48.3% |
| Stocks | 30/36 | €11,611 | €6,000 | -€5,611 | -48.3% |
| Amounts receivable within one year | 40/41 | €4,500 | €18,892 | +€14,392 | +320% |
| Trade receivables | 40 | €4,500 | €8,475 | +€3,975 | +88.3% |
| Other amounts receivable | 41 | - | €10,417 | +€10,417 | |
| Cash at bank and in hand | 54/58 | €10,987 | €5,401 | -€5,587 | -50.8% |
| Deferred charges and accrued income | 490/1 | €462 | €2,089 | +€1,626 | +352% |
| Total equity and liabilities | 10/49 | €30,128 | €41,997 | +€11,869 | +39.4% |
| Equity | 10/15 | -€15,909 | -€13,508 | +€2,401 | +15.1% |
| Contributions | 10/11 | €3,400 | €3,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,309 | -€16,908 | +€2,401 | +12.4% |
| Amounts payable | 17/49 | €46,037 | €55,505 | +€9,469 | +20.6% |
| Amounts payable within one year | 42/48 | €46,037 | €55,505 | +€9,469 | +20.6% |
| Trade debts | 44 | €15,867 | €23,173 | +€7,306 | +46.0% |
| Suppliers | 440/4 | €15,867 | €23,173 | +€7,306 | +46.0% |
| Advances received on contracts in progress | 46 | - | €14,111 | +€14,111 | |
| Taxes, remuneration and social security | 45 | €1,614 | €2,206 | +€592 | +36.7% |
| Taxes | 450/3 | €1,614 | €1,706 | +€92 | +5.7% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €28,556 | €16,015 | -€12,541 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €751 | €2,152 | +€1,400 | +186% |
| Other operating charges | 640/8 | €3,176 | €2,166 | -€1,010 | -31.8% |
| Gross operating margin | 9900 | €1,828 | €7,703 | +€5,876 | +321% |
| Operating profit (loss) | 9901 | -€2,099 | €3,386 | +€5,485 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,213 | €893 | -€321 | -26.4% |
| Recurring financial charges | 65 | €1,213 | €893 | -€321 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,307 | €2,493 | +€5,800 | |
| Income taxes | 67/77 | - | €92 | +€92 | |
| Profit (loss) for the period | 9904 | -€3,307 | €2,401 | +€5,708 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,307 | €2,401 | +€5,708 |
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 17 October 2026 via checked.be.