Byzantium: 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.
Byzantium
Largest movements
- Receivables after one year -€96,213
down €96,213 (-22.9%), from €420,956 to €324,743
- Receivables within one year +€20,306
up €20,306 (+5.1%), from €401,469 to €421,775
of which Trade receivables: +€14,784
- Tangible fixed assets -€19,231
down €19,231 (-69.0%), from €27,850 to €8,620
of which Furniture and vehicles: -€19,251
- Other debts +€211,799
up €211,799 (+30,195%), from €701 to €212,500
- Tax, wage and social debts -€202,150
down €202,150 (-71.2%), from €283,748 to €81,598
of which Taxes: -€202,150
- Profit (loss) carried forward -€87,196
down €87,196 (-13.1%), from €663,983 to €576,787
- Gross operating margin -€58,725
down €58,725 (-10.2%), from €573,150 to €514,425
- Taxes -€23,085
down €23,085 (-15.9%), from €145,212 to €122,127
- Other operating charges +€15,391
up €15,391 (+1,762%), from €873 to €16,264
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 | €969,571 | €885,759 | -€83,812 | -8.6% |
| Fixed assets | 21/28 | €31,948 | €12,718 | -€19,231 | -60.2% |
| Tangible fixed assets | 22/27 | €27,850 | €8,620 | -€19,231 | -69.0% |
| Plant, machinery and equipment | 23 | €3,074 | €3,094 | +€20 | +0.7% |
| Furniture and vehicles | 24 | €24,776 | €5,525 | -€19,251 | -77.7% |
| Financial fixed assets | 28 | €4,098 | €4,098 | = | 0.0% |
| Current assets | 29/58 | €937,622 | €873,041 | -€64,581 | -6.9% |
| Amounts receivable after more than one year | 29 | €420,956 | €324,743 | -€96,213 | -22.9% |
| Other amounts receivable | 291 | €420,956 | €324,743 | -€96,213 | -22.9% |
| Amounts receivable within one year | 40/41 | €401,469 | €421,775 | +€20,306 | +5.1% |
| Trade receivables | 40 | €401,466 | €416,250 | +€14,784 | +3.7% |
| Other amounts receivable | 41 | €2 | €5,524 | +€5,522 | +234,974% |
| Cash at bank and in hand | 54/58 | €109,593 | €115,997 | +€6,404 | +5.8% |
| Deferred charges and accrued income | 490/1 | €5,605 | €10,527 | +€4,922 | +87.8% |
| Total equity and liabilities | 10/49 | €969,571 | €885,759 | -€83,812 | -8.6% |
| Equity | 10/15 | €673,983 | €586,787 | -€87,196 | -12.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €663,983 | €576,787 | -€87,196 | -13.1% |
| Amounts payable | 17/49 | €295,588 | €298,972 | +€3,385 | +1.1% |
| Amounts payable within one year | 42/48 | €295,588 | €298,972 | +€3,385 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €11,138 | €4,874 | -€6,263 | -56.2% |
| Suppliers | 440/4 | €11,138 | €4,874 | -€6,263 | -56.2% |
| Taxes, remuneration and social security | 45 | €283,748 | €81,598 | -€202,150 | -71.2% |
| Taxes | 450/3 | €281,608 | €79,458 | -€202,150 | -71.8% |
| Remuneration and social security | 454/9 | €2,140 | €2,140 | = | 0.0% |
| Other amounts payable | 47/48 | €701 | €212,500 | +€211,799 | +30,195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,431 | €21,370 | -€60 | -0.3% |
| Other operating charges | 640/8 | €873 | €16,264 | +€15,391 | +1,762% |
| Gross operating margin | 9900 | €573,150 | €514,425 | -€58,725 | -10.2% |
| Operating profit (loss) | 9901 | €550,846 | €476,791 | -€74,055 | -13.4% |
| Financial income | 75/76B | €12,201 | €11,993 | -€208 | -1.7% |
| Recurring financial income | 75 | €12,201 | €11,993 | -€208 | -1.7% |
| Financial charges | 65/66B | €1,807 | €3,853 | +€2,046 | +113% |
| Recurring financial charges | 65 | €1,807 | €3,853 | +€2,046 | +113% |
| Profit (loss) for the period before taxes | 9903 | €561,240 | €484,931 | -€76,309 | -13.6% |
| Income taxes | 67/77 | €145,212 | €122,127 | -€23,085 | -15.9% |
| Profit (loss) for the period | 9904 | €416,028 | €362,804 | -€53,225 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €416,028 | €362,804 | -€53,225 | -12.8% |
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 14 October 2026 via checked.be.