By V.: 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.
By V.
Largest movements
- Receivables within one year -€4,824
down €4,824 (-74.5%), from €6,473 to €1,649
- Cash +€2,526
up €2,526 (+2321.7%), from €109 to €2,634
mainly Receivables within one year (+€4,824) and Depreciation (+€2,316)
- Tangible fixed assets -€2,316
down €2,316 (-39.7%), from €5,838 to €3,523
of which Other tangible fixed assets: -€1,169
- Trade debts -€2,553
down €2,553 (-66.3%), from €3,853 to €1,300
- Accrued charges and deferred income -€1,754
down €1,754 (-100.0%), from €1,754 to €0
- Tax, wage and social debts -€443
down €443 (-17.4%), from €2,540 to €2,097
- Profit (loss) carried forward +€252
up €252 (+9.5%), from €2,657 to €2,909
- Gross operating margin -€4,592
down €4,592 (-58.2%), from €7,888 to €3,296
- Taxes -€1,312
no longer reported in 2025 (was €1,312)
- Financial charges +€317
up €317 (+273.0%), from €116 to €433
- Other operating charges +€111
up €111 (+60.5%), from €184 to €295
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 | €12,420 | €7,806 | -€4,614 | -37.1% |
| Fixed assets | 21/28 | €5,838 | €3,523 | -€2,316 | -39.7% |
| Tangible fixed assets | 22/27 | €5,838 | €3,523 | -€2,316 | -39.7% |
| Furniture and vehicles | 24 | €1,746 | €600 | -€1,146 | -65.7% |
| Other tangible fixed assets | 26 | €4,092 | €2,923 | -€1,169 | -28.6% |
| Current assets | 29/58 | €6,582 | €4,284 | -€2,298 | -34.9% |
| Amounts receivable within one year | 40/41 | €6,473 | €1,649 | -€4,824 | -74.5% |
| Trade receivables | 40 | €6,473 | €1,649 | -€4,824 | -74.5% |
| Cash at bank and in hand | 54/58 | €109 | €2,634 | +€2,526 | +2321.7% |
| Total equity and liabilities | 10/49 | €12,420 | €7,806 | -€4,614 | -37.1% |
| Equity | 10/15 | €4,157 | €4,409 | +€252 | +6.1% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Outside capital | 11 | €1,500 | €1,500 | = | 0.0% |
| Other | 1109/19 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,657 | €2,909 | +€252 | +9.5% |
| Amounts payable | 17/49 | €8,263 | €3,397 | -€4,866 | -58.9% |
| Amounts payable within one year | 42/48 | €6,510 | €3,397 | -€3,113 | -47.8% |
| Trade debts | 44 | €3,853 | €1,300 | -€2,553 | -66.3% |
| Suppliers | 440/4 | €3,853 | €1,300 | -€2,553 | -66.3% |
| Taxes, remuneration and social security | 45 | €2,540 | €2,097 | -€443 | -17.4% |
| Taxes | 450/3 | €2,540 | €2,097 | -€443 | -17.4% |
| Other amounts payable | 47/48 | €116 | €0 | -€116 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,754 | €0 | -€1,754 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,315 | €2,316 | +€0 | 0.0% |
| Other operating charges | 640/8 | €184 | €295 | +€111 | +60.5% |
| Gross operating margin | 9900 | €7,888 | €3,296 | -€4,592 | -58.2% |
| Operating profit (loss) | 9901 | €5,388 | €685 | -€4,704 | -87.3% |
| Financial income | 75/76B | €40 | - | -€40 | |
| Recurring financial income | 75 | €40 | - | -€40 | |
| Financial charges | 65/66B | €116 | €433 | +€317 | +273.0% |
| Recurring financial charges | 65 | €116 | €433 | +€317 | +273.0% |
| Profit (loss) for the period before taxes | 9903 | €5,313 | €252 | -€5,060 | -95.2% |
| Income taxes | 67/77 | €1,312 | - | -€1,312 | |
| Profit (loss) for the period | 9904 | €4,001 | €252 | -€3,748 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,001 | €252 | -€3,748 | -93.7% |
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 2 October 2026 via checked.be.