C'est-à-dire: 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.
C'est-à-dire
Largest movements
- Tangible fixed assets -€9,415
down €9,415 (-24.7%), from €38,045 to €28,630
of which Furniture and vehicles: -€7,185
- Cash -€4,824
down €4,824 (-41.9%), from €11,512 to €6,688
mainly Net result for the year (-€28,035) and Receivables within one year (-€2,756)
- Receivables within one year +€2,756
up €2,756 (+31.5%), from €8,746 to €11,502
of which Trade receivables: +€3,055
- Deferred charges and accrued income -€2,499
no longer reported in 2025 (was €2,499)
- Profit (loss) carried forward -€28,035
down €28,035 (-91.4%), from €30,687 to €2,652
- Other debts +€10,061
up €10,061 (+106%), from €9,519 to €19,580
- Trade debts +€3,992
up €3,992 (+306%), from €1,305 to €5,297
- Turnover -€21,425
down €21,425 (-37.0%), from €57,900 to €36,475
- Gross operating margin -€18,647
down €18,647, from €5,019 to -€13,628
- Purchases and services -€2,778
down €2,778 (-5.3%), from €52,881 to €50,103
- Other operating charges +€826
up €826 (+57.5%), from €1,437 to €2,263
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 | €60,847 | €46,865 | -€13,982 | -23.0% |
| Fixed assets | 21/28 | €38,090 | €28,675 | -€9,415 | -24.7% |
| Tangible fixed assets | 22/27 | €38,045 | €28,630 | -€9,415 | -24.7% |
| Land and buildings | 22 | €15,689 | €13,459 | -€2,230 | -14.2% |
| Furniture and vehicles | 24 | €22,356 | €15,171 | -€7,185 | -32.1% |
| Financial fixed assets | 28 | €45 | €45 | = | 0.0% |
| Current assets | 29/58 | €22,757 | €18,190 | -€4,567 | -20.1% |
| Amounts receivable within one year | 40/41 | €8,746 | €11,502 | +€2,756 | +31.5% |
| Trade receivables | 40 | €8,320 | €11,375 | +€3,055 | +36.7% |
| Other amounts receivable | 41 | €426 | €127 | -€299 | -70.2% |
| Cash at bank and in hand | 54/58 | €11,512 | €6,688 | -€4,824 | -41.9% |
| Deferred charges and accrued income | 490/1 | €2,499 | - | -€2,499 | |
| Total equity and liabilities | 10/49 | €60,847 | €46,865 | -€13,982 | -23.0% |
| Equity | 10/15 | €50,023 | €21,988 | -€28,035 | -56.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €744 | €744 | = | 0.0% |
| Non-distributable reserves | 130/1 | €744 | €744 | = | 0.0% |
| Legal reserve | 130 | €744 | €744 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,687 | €2,652 | -€28,035 | -91.4% |
| Amounts payable | 17/49 | €10,824 | €24,877 | +€14,053 | +130% |
| Amounts payable within one year | 42/48 | €10,824 | €24,877 | +€14,053 | +130% |
| Trade debts | 44 | €1,305 | €5,297 | +€3,992 | +306% |
| Suppliers | 440/4 | €1,305 | €5,297 | +€3,992 | +306% |
| Other amounts payable | 47/48 | €9,519 | €19,580 | +€10,061 | +106% |
| Turnover | 70 | €57,900 | €36,475 | -€21,425 | -37.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €52,881 | €50,103 | -€2,778 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,827 | €11,855 | +€28 | +0.2% |
| Other operating charges | 640/8 | €1,437 | €2,263 | +€826 | +57.5% |
| Gross operating margin | 9900 | €5,019 | -€13,628 | -€18,647 | |
| Operating profit (loss) | 9901 | -€8,245 | -€27,746 | -€19,501 | -237% |
| Financial charges | 65/66B | €84 | €226 | +€142 | +169% |
| Recurring financial charges | 65 | €84 | €226 | +€142 | +169% |
| Profit (loss) for the period before taxes | 9903 | -€8,329 | -€27,972 | -€19,643 | -236% |
| Income taxes | 67/77 | €353 | €63 | -€290 | -82.2% |
| Profit (loss) for the period | 9904 | -€8,682 | -€28,035 | -€19,353 | -223% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,682 | -€28,035 | -€19,353 | -223% |
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 26 October 2026 via checked.be.