CA: 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.
CA
Largest movements
- Cash -€44,916
down €44,916 (-96.4%), from €46,612 to €1,696
mainly Net result for the year (-€63,405) and Trade debts (-€32,168)
- Receivables within one year +€17,053
up €17,053 (+482.3%), from €3,536 to €20,589
of which Trade receivables: +€16,460
- Tangible fixed assets -€5,590
down €5,590 (-7.2%), from €78,014 to €72,424
of which Other tangible fixed assets: -€7,937
- Profit (loss) carried forward -€63,405
down €63,405 (-236.2%), from -€26,848 to -€90,253
- Other debts +€48,934
up €48,934 (+596.7%), from €8,201 to €57,135
- Trade debts -€32,168
down €32,168 (-97.8%), from €32,904 to €736
- Accrued charges and deferred income +€29,972
up €29,972 (+1576.2%), from €1,902 to €31,874
- Debts after one year -€12,713
down €12,713 (-17.2%), from €74,122 to €61,409
- Gross operating margin -€56,169
down €56,169 (-83.6%), from €67,184 to €11,015
- Financial charges +€27,892
up €27,892 (+823.5%), from €3,387 to €31,278
of which Non-recurring financial charges: +€27,308
- Staff costs -€13,573
down €13,573 (-31.0%), from €43,735 to €30,162
- Financial income +€2,483
up €2,483 (+27526.7%), from €9 to €2,492
- Other operating charges -€1,521
down €1,521 (-70.2%), from €2,167 to €646
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 | €137,156 | €104,508 | -€32,648 | -23.8% |
| Formation expenses | 20 | €395 | €101 | -€294 | -74.4% |
| Fixed assets | 21/28 | €81,614 | €76,757 | -€4,857 | -6.0% |
| Tangible fixed assets | 22/27 | €78,014 | €72,424 | -€5,590 | -7.2% |
| Plant, machinery and equipment | 23 | €24,315 | €28,007 | +€3,692 | +15.2% |
| Furniture and vehicles | 24 | €2,301 | €956 | -€1,345 | -58.5% |
| Other tangible fixed assets | 26 | €51,398 | €43,461 | -€7,937 | -15.4% |
| Financial fixed assets | 28 | €3,600 | €4,333 | +€733 | +20.4% |
| Current assets | 29/58 | €55,148 | €27,650 | -€27,498 | -49.9% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,536 | €20,589 | +€17,053 | +482.3% |
| Trade receivables | 40 | €3,418 | €19,878 | +€16,460 | +481.5% |
| Other amounts receivable | 41 | €118 | €711 | +€593 | +504.4% |
| Cash at bank and in hand | 54/58 | €46,612 | €1,696 | -€44,916 | -96.4% |
| Deferred charges and accrued income | 490/1 | - | €365 | +€365 | |
| Total equity and liabilities | 10/49 | €137,156 | €104,508 | -€32,648 | -23.8% |
| Equity | 10/15 | -€1,848 | -€65,253 | -€63,405 | -3431.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,848 | -€90,253 | -€63,405 | -236.2% |
| Amounts payable | 17/49 | €139,004 | €169,760 | +€30,757 | +22.1% |
| Amounts payable after more than one year | 17 | €74,122 | €61,409 | -€12,713 | -17.2% |
| Financial debts | 170/4 | €74,122 | €61,409 | -€12,713 | -17.2% |
| Amounts payable within one year | 42/48 | €62,980 | €76,477 | +€13,497 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €12,516 | €12,713 | +€196 | +1.6% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €32,904 | €736 | -€32,168 | -97.8% |
| Suppliers | 440/4 | €32,904 | €736 | -€32,168 | -97.8% |
| Taxes, remuneration and social security | 45 | €9,359 | €5,883 | -€3,476 | -37.1% |
| Taxes | 450/3 | €5,894 | €5,592 | -€302 | -5.1% |
| Remuneration and social security | 454/9 | €3,464 | €291 | -€3,173 | -91.6% |
| Other amounts payable | 47/48 | €8,201 | €57,135 | +€48,934 | +596.7% |
| Accrued charges and deferred income | 492/3 | €1,902 | €31,874 | +€29,972 | +1576.2% |
| Remuneration, social security and pensions | 62 | €43,735 | €30,162 | -€13,573 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,442 | €14,685 | +€244 | +1.7% |
| Other operating charges | 640/8 | €2,167 | €646 | -€1,521 | -70.2% |
| Gross operating margin | 9900 | €67,184 | €11,015 | -€56,169 | -83.6% |
| Operating profit (loss) | 9901 | €6,841 | -€34,477 | -€41,318 | |
| Financial income | 75/76B | €9 | €2,492 | +€2,483 | +27526.7% |
| Recurring financial income | 75 | €9 | €2,492 | +€2,483 | +27526.7% |
| Financial charges | 65/66B | €3,387 | €31,278 | +€27,892 | +823.5% |
| Recurring financial charges | 65 | €3,387 | €3,970 | +€583 | +17.2% |
| Non-recurring financial charges | 66B | - | €27,308 | +€27,308 | |
| Profit (loss) for the period before taxes | 9903 | €3,463 | -€63,264 | -€66,727 | |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €3,463 | -€63,405 | -€66,868 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,463 | -€63,405 | -€66,868 |
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 12 October 2026 via checked.be.