CAD CONCEPT: 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.
CAD CONCEPT
Largest movements
- Tangible fixed assets -€57,674
down €57,674 (-48.5%), from €118,982 to €61,308
of which Furniture and vehicles: -€39,411
- Receivables within one year -€27,204
down €27,204 (-50.8%), from €53,602 to €26,398
of which Trade receivables: -€27,574
- Stocks and contracts +€11,957
up €11,957 (+47.9%), from €24,938 to €36,895
- Reserves -€26,055
down €26,055 (-39.2%), from €66,488 to €40,434
- Other debts -€22,460
down €22,460 (-45.6%), from €49,225 to €26,765
- Debts after one year -€19,397
down €19,397 (-47.2%), from €41,101 to €21,704
- Current portion of long-term debt -€8,968
down €8,968 (-59.2%), from €15,161 to €6,193
- Trade debts +€8,572
up €8,572 (+98.3%), from €8,725 to €17,297
- Gross operating margin -€42,726
down €42,726 (-29.8%), from €143,581 to €100,855
- Depreciation -€16,959
down €16,959 (-49.8%), from €34,023 to €17,064
- Taxes -€9,747
down €9,747 (-82.0%), from €11,887 to €2,140
- Other operating charges +€4,777
up €4,777 (+212.8%), from €2,245 to €7,022
- Staff costs +€3,980
up €3,980 (+6.5%), from €61,173 to €65,152
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 | €244,413 | €175,781 | -€68,631 | -28.1% |
| Fixed assets | 21/28 | €120,392 | €62,718 | -€57,674 | -47.9% |
| Tangible fixed assets | 22/27 | €118,982 | €61,308 | -€57,674 | -48.5% |
| Land and buildings | 22 | €20,585 | €0 | -€20,585 | -100.0% |
| Plant, machinery and equipment | 23 | €13,073 | €15,395 | +€2,323 | +17.8% |
| Furniture and vehicles | 24 | €85,324 | €45,913 | -€39,411 | -46.2% |
| Financial fixed assets | 28 | €1,410 | €1,410 | = | 0.0% |
| Current assets | 29/58 | €124,021 | €113,064 | -€10,957 | -8.8% |
| Stocks and contracts in progress | 3 | €24,938 | €36,895 | +€11,957 | +47.9% |
| Contracts in progress | 37 | €24,938 | €36,895 | +€11,957 | +47.9% |
| Amounts receivable within one year | 40/41 | €53,602 | €26,398 | -€27,204 | -50.8% |
| Trade receivables | 40 | €53,116 | €25,542 | -€27,574 | -51.9% |
| Other amounts receivable | 41 | €487 | €856 | +€370 | +75.9% |
| Cash at bank and in hand | 54/58 | €31,622 | €33,540 | +€1,918 | +6.1% |
| Deferred charges and accrued income | 490/1 | €13,859 | €16,231 | +€2,372 | +17.1% |
| Total equity and liabilities | 10/49 | €244,413 | €175,781 | -€68,631 | -28.1% |
| Equity | 10/15 | €86,488 | €60,434 | -€26,055 | -30.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €66,488 | €40,434 | -€26,055 | -39.2% |
| Distributable reserves | 133 | €66,488 | €40,434 | -€26,055 | -39.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €157,924 | €115,348 | -€42,577 | -27.0% |
| Amounts payable after more than one year | 17 | €41,101 | €21,704 | -€19,397 | -47.2% |
| Financial debts | 170/4 | €41,101 | €21,704 | -€19,397 | -47.2% |
| Amounts payable within one year | 42/48 | €114,493 | €93,527 | -€20,966 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €15,161 | €6,193 | -€8,968 | -59.2% |
| Trade debts | 44 | €8,725 | €17,297 | +€8,572 | +98.3% |
| Suppliers | 440/4 | €8,725 | €17,297 | +€8,572 | +98.3% |
| Taxes, remuneration and social security | 45 | €41,383 | €43,272 | +€1,890 | +4.6% |
| Taxes | 450/3 | €27,529 | €24,179 | -€3,350 | -12.2% |
| Remuneration and social security | 454/9 | €13,853 | €19,093 | +€5,240 | +37.8% |
| Other amounts payable | 47/48 | €49,225 | €26,765 | -€22,460 | -45.6% |
| Accrued charges and deferred income | 492/3 | €2,330 | €117 | -€2,213 | -95.0% |
| Remuneration, social security and pensions | 62 | €61,173 | €65,152 | +€3,980 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,023 | €17,064 | -€16,959 | -49.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,302 | +€1,302 | |
| Other operating charges | 640/8 | €2,245 | €7,022 | +€4,777 | +212.8% |
| Gross operating margin | 9900 | €143,581 | €100,855 | -€42,726 | -29.8% |
| Operating profit (loss) | 9901 | €46,140 | €10,315 | -€35,825 | -77.6% |
| Financial income | 75/76B | €7 | €308 | +€302 | +4619.9% |
| Recurring financial income | 75 | €7 | €308 | +€302 | +4619.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €5,384 | €1,657 | -€3,727 | -69.2% |
| Recurring financial charges | 65 | €5,384 | €1,657 | -€3,727 | -69.2% |
| Profit (loss) for the period before taxes | 9903 | €40,763 | €8,966 | -€31,796 | -78.0% |
| Income taxes | 67/77 | €11,887 | €2,140 | -€9,747 | -82.0% |
| Profit (loss) for the period | 9904 | €28,876 | €6,827 | -€22,049 | -76.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,876 | €6,827 | -€22,049 | -76.4% |
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 10 October 2026 via checked.be.