CENARIO: 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.
CENARIO
Largest movements
- Tangible fixed assets -€19,009
down €19,009 (-28.4%), from €66,893 to €47,884
of which Furniture and vehicles: -€18,886
- Cash +€7,943
up €7,943 (+9.1%), from €86,977 to €94,920
mainly Depreciation (+€20,591) and Net result for the year (+€7,061)
- Receivables within one year +€4,832
up €4,832 (+8.5%), from €56,630 to €61,462
of which Other amounts receivable: +€4,440
- Current investments +€3,464
up €3,464 (+5.9%), from €58,745 to €62,209
- Profit (loss) carried forward +€7,061
up €7,061 (+5.3%), from -€132,353 to -€125,292
- Trade debts -€7,055
down €7,055 (-46.7%), from €15,102 to €8,047
- Financial income +€3,730
up €3,730 (+436%), from €855 to €4,585
of which Non-recurring financial income: +€3,528
- Gross operating margin -€2,140
down €2,140 (-3.8%), from €56,332 to €54,192
- Staff costs +€1,047
up €1,047 (+3.7%), from €28,476 to €29,523
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 | €271,421 | €270,828 | -€594 | -0.2% |
| Fixed assets | 21/28 | €66,893 | €47,884 | -€19,009 | -28.4% |
| Tangible fixed assets | 22/27 | €66,893 | €47,884 | -€19,009 | -28.4% |
| Plant, machinery and equipment | 23 | €318 | €194 | -€124 | -38.9% |
| Furniture and vehicles | 24 | €66,575 | €47,689 | -€18,886 | -28.4% |
| Current assets | 29/58 | €204,528 | €222,944 | +€18,416 | +9.0% |
| Amounts receivable within one year | 40/41 | €56,630 | €61,462 | +€4,832 | +8.5% |
| Trade receivables | 40 | €13,444 | €13,836 | +€393 | +2.9% |
| Other amounts receivable | 41 | €43,186 | €47,626 | +€4,440 | +10.3% |
| Current investments | 50/53 | €58,745 | €62,209 | +€3,464 | +5.9% |
| Cash at bank and in hand | 54/58 | €86,977 | €94,920 | +€7,943 | +9.1% |
| Deferred charges and accrued income | 490/1 | €2,177 | €4,353 | +€2,176 | +100.0% |
| Total equity and liabilities | 10/49 | €271,421 | €270,828 | -€594 | -0.2% |
| Equity | 10/15 | €249,840 | €256,901 | +€7,061 | +2.8% |
| Contributions | 10/11 | €73,545 | €73,545 | = | 0.0% |
| Reserves | 13 | €308,647 | €308,647 | = | 0.0% |
| Distributable reserves | 133 | €308,647 | €308,647 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,353 | -€125,292 | +€7,061 | +5.3% |
| Amounts payable | 17/49 | €21,582 | €13,927 | -€7,654 | -35.5% |
| Amounts payable within one year | 42/48 | €21,570 | €13,927 | -€7,643 | -35.4% |
| Trade debts | 44 | €15,102 | €8,047 | -€7,055 | -46.7% |
| Suppliers | 440/4 | €15,102 | €8,047 | -€7,055 | -46.7% |
| Taxes, remuneration and social security | 45 | €6,371 | €5,880 | -€491 | -7.7% |
| Taxes | 450/3 | €1,278 | €1,640 | +€361 | +28.3% |
| Remuneration and social security | 454/9 | €5,093 | €4,241 | -€852 | -16.7% |
| Other amounts payable | 47/48 | €97 | €0 | -€97 | -100% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100% |
| Non-recurring operating income | 76A | €4,569 | - | -€4,569 | |
| Remuneration, social security and pensions | 62 | €28,476 | €29,523 | +€1,047 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,234 | €20,591 | +€358 | +1.8% |
| Other operating charges | 640/8 | €1,145 | €1,059 | -€86 | -7.5% |
| Gross operating margin | 9900 | €56,332 | €54,192 | -€2,140 | -3.8% |
| Operating profit (loss) | 9901 | €6,477 | €3,018 | -€3,459 | -53.4% |
| Financial income | 75/76B | €855 | €4,585 | +€3,730 | +436% |
| Recurring financial income | 75 | €855 | €1,057 | +€202 | +23.6% |
| Non-recurring financial income | 76B | - | €3,528 | +€3,528 | |
| Financial charges | 65/66B | €503 | €296 | -€207 | -41.1% |
| Recurring financial charges | 65 | €503 | €296 | -€207 | -41.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €6,829 | €7,307 | +€478 | +7.0% |
| Income taxes | 67/77 | €268 | €246 | -€22 | -8.2% |
| Profit (loss) for the period | 9904 | €6,561 | €7,061 | +€500 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,561 | €7,061 | +€500 | +7.6% |
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.