BYTE: 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.
BYTE
Largest movements
- Cash -€448,854
down €448,854 (-45.1%), from €996,114 to €547,261
mainly Contributions, distributions and other (-€1.9m) and Receivables within one year (-€135,117)
- Receivables within one year +€135,117
up €135,117 (+47.2%), from €285,969 to €421,086
of which Other amounts receivable: +€259,372
- Current investments -€100,000
down €100,000 (-25.0%), from €400,000 to €300,000
- Tangible fixed assets -€45,201
down €45,201 (-27.7%), from €163,323 to €118,122
of which Furniture and vehicles: -€42,128
- Reserves -€1.2m
down €1.2m (-79.9%), from €1.5m to €303,860
- Other debts +€597,680
up €597,680 (+14,203%), from €4,208 to €601,888
- Trade debts +€197,879
up €197,879 (+69.8%), from €283,301 to €481,180
- Tax, wage and social debts -€41,469
no longer reported in 2025 (was €41,469)
- Gross operating margin -€61,118
down €61,118 (-5.9%), from €1.0m to €969,569
- Financial charges +€32,777
up €32,777 (+531%), from €6,170 to €38,946
- Taxes -€31,871
down €31,871 (-12.5%), from €255,835 to €223,964
- Financial income -€21,475
down €21,475 (-84.5%), from €25,422 to €3,947
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 | €1,871,643 | €1,413,493 | -€458,150 | -24.5% |
| Fixed assets | 21/28 | €183,186 | €135,249 | -€47,937 | -26.2% |
| Intangible fixed assets | 21 | €12,323 | €9,587 | -€2,736 | -22.2% |
| Tangible fixed assets | 22/27 | €163,323 | €118,122 | -€45,201 | -27.7% |
| Plant, machinery and equipment | 23 | €2,821 | €2,074 | -€747 | -26.5% |
| Furniture and vehicles | 24 | €147,787 | €105,659 | -€42,128 | -28.5% |
| Other tangible fixed assets | 26 | €12,715 | €10,389 | -€2,326 | -18.3% |
| Financial fixed assets | 28 | €7,541 | €7,541 | = | 0.0% |
| Current assets | 29/58 | €1,688,456 | €1,278,244 | -€410,212 | -24.3% |
| Amounts receivable within one year | 40/41 | €285,969 | €421,086 | +€135,117 | +47.2% |
| Trade receivables | 40 | €285,418 | €161,164 | -€124,254 | -43.5% |
| Other amounts receivable | 41 | €550 | €259,922 | +€259,372 | +47,121% |
| Current investments | 50/53 | €400,000 | €300,000 | -€100,000 | -25.0% |
| Cash at bank and in hand | 54/58 | €996,114 | €547,261 | -€448,854 | -45.1% |
| Deferred charges and accrued income | 490/1 | €6,373 | €9,897 | +€3,524 | +55.3% |
| Total equity and liabilities | 10/49 | €1,871,643 | €1,413,493 | -€458,150 | -24.5% |
| Equity | 10/15 | €1,526,983 | €322,452 | -€1.2m | -78.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,508,391 | €303,860 | -€1.2m | -79.9% |
| Distributable reserves | 133 | €1,508,391 | €303,860 | -€1.2m | -79.9% |
| Amounts payable | 17/49 | €344,659 | €1,091,041 | +€746,382 | +217% |
| Amounts payable after more than one year | 17 | €7,973 | €622 | -€7,351 | -92.2% |
| Financial debts | 170/4 | €7,973 | €622 | -€7,351 | -92.2% |
| Amounts payable within one year | 42/48 | €336,686 | €1,090,420 | +€753,733 | +224% |
| Current portion of amounts payable after more than one year | 42 | €7,708 | €7,351 | -€357 | -4.6% |
| Trade debts | 44 | €283,301 | €481,180 | +€197,879 | +69.8% |
| Suppliers | 440/4 | €283,301 | €481,180 | +€197,879 | +69.8% |
| Taxes, remuneration and social security | 45 | €41,469 | - | -€41,469 | |
| Taxes | 450/3 | €41,469 | - | -€41,469 | |
| Other amounts payable | 47/48 | €4,208 | €601,888 | +€597,680 | +14,203% |
| Non-recurring operating income | 76A | €14,586 | €1,062 | -€13,524 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,751 | €49,019 | +€9,269 | +23.3% |
| Other operating charges | 640/8 | €1,132 | €1,118 | -€14 | -1.2% |
| Gross operating margin | 9900 | €1,030,687 | €969,569 | -€61,118 | -5.9% |
| Operating profit (loss) | 9901 | €989,804 | €919,431 | -€70,373 | -7.1% |
| Financial income | 75/76B | €25,422 | €3,947 | -€21,475 | -84.5% |
| Recurring financial income | 75 | €25,422 | €3,947 | -€21,475 | -84.5% |
| Financial charges | 65/66B | €6,170 | €38,946 | +€32,777 | +531% |
| Recurring financial charges | 65 | €6,170 | €38,946 | +€32,777 | +531% |
| Profit (loss) for the period before taxes | 9903 | €1,009,057 | €884,432 | -€124,625 | -12.4% |
| Income taxes | 67/77 | €255,835 | €223,964 | -€31,871 | -12.5% |
| Profit (loss) for the period | 9904 | €753,222 | €660,469 | -€92,754 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €753,222 | €660,469 | -€92,754 | -12.3% |
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 27 October 2026 via checked.be.