CALCULION: 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.
CALCULION
Largest movements
- Cash -€32,447
down €32,447 (-22.3%), from €145,181 to €112,735
mainly Contributions, distributions and other (-€135,000) and Tax, wage and social debts (-€14,366)
- Profit (loss) carried forward -€79,081
down €79,081, from €75,547 to -€3,534
- Other debts +€60,000
up €60,000 (+18,700%), from €321 to €60,321
- Tax, wage and social debts -€14,366
down €14,366 (-43.2%), from €33,289 to €18,922
of which Taxes: -€16,205
- Gross operating margin -€21,849
down €21,849 (-21.8%), from €100,207 to €78,358
- Taxes -€4,571
down €4,571 (-22.8%), from €20,088 to €15,517
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 | €169,156 | €136,494 | -€32,662 | -19.3% |
| Fixed assets | 21/28 | €6,817 | €6,798 | -€19 | -0.3% |
| Tangible fixed assets | 22/27 | €4,767 | €4,748 | -€19 | -0.4% |
| Plant, machinery and equipment | 23 | - | €4,748 | +€4,748 | |
| Furniture and vehicles | 24 | €4,767 | - | -€4,767 | |
| Financial fixed assets | 28 | €2,050 | €2,050 | = | 0.0% |
| Current assets | 29/58 | €162,339 | €129,696 | -€32,643 | -20.1% |
| Amounts receivable within one year | 40/41 | €16,033 | €16,961 | +€929 | +5.8% |
| Trade receivables | 40 | €16,033 | €16,961 | +€929 | +5.8% |
| Cash at bank and in hand | 54/58 | €145,181 | €112,735 | -€32,447 | -22.3% |
| Deferred charges and accrued income | 490/1 | €1,125 | - | -€1,125 | |
| Total equity and liabilities | 10/49 | €169,156 | €136,494 | -€32,662 | -19.3% |
| Equity | 10/15 | €135,547 | €56,466 | -€79,081 | -58.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,547 | -€3,534 | -€79,081 | |
| Amounts payable | 17/49 | €33,609 | €80,028 | +€46,419 | +138% |
| Amounts payable within one year | 42/48 | €33,609 | €80,028 | +€46,419 | +138% |
| Trade debts | 44 | - | €785 | +€785 | |
| Suppliers | 440/4 | - | €785 | +€785 | |
| Taxes, remuneration and social security | 45 | €33,289 | €18,922 | -€14,366 | -43.2% |
| Taxes | 450/3 | €33,289 | €17,083 | -€16,205 | -48.7% |
| Remuneration and social security | 454/9 | - | €1,839 | +€1,839 | |
| Other amounts payable | 47/48 | €321 | €60,321 | +€60,000 | +18,700% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,935 | €5,841 | -€94 | -1.6% |
| Other operating charges | 640/8 | €995 | €1,020 | +€25 | +2.5% |
| Gross operating margin | 9900 | €100,207 | €78,358 | -€21,849 | -21.8% |
| Operating profit (loss) | 9901 | €93,277 | €71,497 | -€21,780 | -23.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €45 | €61 | +€16 | +36.0% |
| Recurring financial charges | 65 | €45 | €61 | +€16 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €93,232 | €71,436 | -€21,796 | -23.4% |
| Income taxes | 67/77 | €20,088 | €15,517 | -€4,571 | -22.8% |
| Profit (loss) for the period | 9904 | €73,144 | €55,919 | -€17,225 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,144 | €55,919 | -€17,225 | -23.5% |
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.