BY NOUCHKA: 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 NOUCHKA
Largest movements
- Tangible fixed assets +€5,801
up €5,801 (+143%), from €4,046 to €9,847
of which Furniture and vehicles: +€7,625
- Receivables within one year +€1,944
up €1,944 (+19.1%), from €10,186 to €12,130
of which Trade receivables: +€10,502
- Intangible fixed assets -€1,509
down €1,509 (-74.0%), from €2,038 to €529
- Deferred charges and accrued income -€853
down €853 (-100%), from €853 to €0
- Cash -€642
down €642 (-9.1%), from €7,076 to €6,434
mainly Net result for the year (-€19,251) and Investment in fixed assets (net) (-€8,928)
- Profit (loss) carried forward -€19,251
down €19,251 (-36.0%), from -€53,441 to -€72,693
- Advances received +€12,883
up €12,883 (+328%), from €3,926 to €16,809
- Trade debts +€7,915
up €7,915 (+854%), from €927 to €8,841
- Other debts +€2,721
up €2,721 (+164%), from €1,658 to €4,378
- Tax, wage and social debts +€475
up €475 (+26.5%), from €1,790 to €2,265
of which Taxes: +€290
- Gross operating margin +€28,887
up €28,887 (+71.1%), from -€40,630 to -€11,743
- Financial charges +€1,419
up €1,419 (+237%), from €598 to €2,018
- Depreciation -€1,097
down €1,097 (-19.1%), from €5,732 to €4,636
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 | €24,199 | €28,941 | +€4,742 | +19.6% |
| Fixed assets | 21/28 | €6,084 | €10,376 | +€4,292 | +70.5% |
| Intangible fixed assets | 21 | €2,038 | €529 | -€1,509 | -74.0% |
| Tangible fixed assets | 22/27 | €4,046 | €9,847 | +€5,801 | +143% |
| Plant, machinery and equipment | 23 | €2,583 | €759 | -€1,823 | -70.6% |
| Furniture and vehicles | 24 | €1,463 | €9,088 | +€7,625 | +521% |
| Current assets | 29/58 | €18,114 | €18,565 | +€450 | +2.5% |
| Amounts receivable within one year | 40/41 | €10,186 | €12,130 | +€1,944 | +19.1% |
| Trade receivables | 40 | €0 | €10,502 | +€10,502 | |
| Other amounts receivable | 41 | €10,186 | €1,628 | -€8,558 | -84.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,076 | €6,434 | -€642 | -9.1% |
| Deferred charges and accrued income | 490/1 | €853 | €0 | -€853 | -100% |
| Total equity and liabilities | 10/49 | €24,199 | €28,941 | +€4,742 | +19.6% |
| Equity | 10/15 | €15,899 | -€3,353 | -€19,251 | |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €62,340 | €62,340 | = | 0.0% |
| Distributable reserves | 133 | €62,340 | €62,340 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,441 | -€72,693 | -€19,251 | -36.0% |
| Amounts payable | 17/49 | €8,300 | €32,293 | +€23,993 | +289% |
| Amounts payable within one year | 42/48 | €8,300 | €32,293 | +€23,993 | +289% |
| Trade debts | 44 | €927 | €8,841 | +€7,915 | +854% |
| Suppliers | 440/4 | €927 | €8,841 | +€7,915 | +854% |
| Advances received on contracts in progress | 46 | €3,926 | €16,809 | +€12,883 | +328% |
| Taxes, remuneration and social security | 45 | €1,790 | €2,265 | +€475 | +26.5% |
| Taxes | 450/3 | €140 | €429 | +€290 | +208% |
| Remuneration and social security | 454/9 | €1,650 | €1,836 | +€186 | +11.2% |
| Other amounts payable | 47/48 | €1,658 | €4,378 | +€2,721 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,732 | €4,636 | -€1,097 | -19.1% |
| Other operating charges | 640/8 | €1,056 | €745 | -€311 | -29.4% |
| Gross operating margin | 9900 | -€40,630 | -€11,743 | +€28,887 | +71.1% |
| Operating profit (loss) | 9901 | -€47,419 | -€17,124 | +€30,295 | +63.9% |
| Financial income | 75/76B | €155 | €32 | -€123 | -79.6% |
| Recurring financial income | 75 | €155 | €32 | -€123 | -79.6% |
| Financial charges | 65/66B | €598 | €2,018 | +€1,419 | +237% |
| Recurring financial charges | 65 | €598 | €2,018 | +€1,419 | +237% |
| Profit (loss) for the period before taxes | 9903 | -€47,863 | -€19,110 | +€28,753 | +60.1% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€48,002 | -€19,251 | +€28,751 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,002 | -€19,251 | +€28,751 | +59.9% |
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 28 October 2026 via checked.be.