CH & MA: what changed
Two fiscal 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.
CH & MA
Largest movements
- Cash -€31,360
down €31,360 (-32.4%), from €96,759 to €65,398
mainly Tax, wage and social debts (-€19,641) and Trade debts (-€10,374)
- Tangible fixed assets -€7,747
down €7,747 (-62.7%), from €12,355 to €4,608
- Receivables within one year -€2,630
down €2,630 (-23.2%), from €11,353 to €8,723
of which Other amounts receivable: -€4,878
- Tax, wage and social debts -€19,641
down €19,641 (-71.8%), from €27,337 to €7,696
of which Remuneration and social security: -€13,697
- Trade debts -€10,374
down €10,374 (-68.0%), from €15,251 to €4,877
- Other debts -€10,072
down €10,072 (-40.1%), from €25,147 to €15,075
- Profit (loss) carried forward -€1,208
down €1,208 (-4.1%), from €29,510 to €28,302
- Turnover +€22,365
up €22,365 (+3.0%), from €757,869 to €780,233
- Gross operating margin +€16,413
up €16,413 (+30.6%), from €53,634 to €70,046
- Staff costs +€10,876
up €10,876 (+24.0%), from €45,336 to €56,212
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 | €120,546 | €79,251 | -€41,296 | -34.3% |
| Fixed assets | 21/28 | €12,355 | €4,608 | -€7,747 | -62.7% |
| Tangible fixed assets | 22/27 | €12,355 | €4,608 | -€7,747 | -62.7% |
| Furniture and vehicles | 24 | €12,355 | €4,608 | -€7,747 | -62.7% |
| Current assets | 29/58 | €108,192 | €74,643 | -€33,549 | -31.0% |
| Amounts receivable within one year | 40/41 | €11,353 | €8,723 | -€2,630 | -23.2% |
| Trade receivables | 40 | €5,281 | €7,528 | +€2,247 | +42.6% |
| Other amounts receivable | 41 | €6,072 | €1,195 | -€4,878 | -80.3% |
| Cash at bank and in hand | 54/58 | €96,759 | €65,398 | -€31,360 | -32.4% |
| Deferred charges and accrued income | 490/1 | €80 | €522 | +€442 | +552.6% |
| Total equity and liabilities | 10/49 | €120,546 | €79,251 | -€41,296 | -34.3% |
| Equity | 10/15 | €52,811 | €51,602 | -€1,208 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,701 | €4,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,273 | €1,273 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,273 | €1,273 | = | 0.0% |
| Distributable reserves | 133 | €3,428 | €3,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,510 | €28,302 | -€1,208 | -4.1% |
| Amounts payable | 17/49 | €67,736 | €27,648 | -€40,087 | -59.2% |
| Amounts payable within one year | 42/48 | €67,736 | €27,648 | -€40,087 | -59.2% |
| Trade debts | 44 | €15,251 | €4,877 | -€10,374 | -68.0% |
| Suppliers | 440/4 | €15,251 | €4,877 | -€10,374 | -68.0% |
| Taxes, remuneration and social security | 45 | €27,337 | €7,696 | -€19,641 | -71.8% |
| Taxes | 450/3 | €7,357 | €1,413 | -€5,944 | -80.8% |
| Remuneration and social security | 454/9 | €19,979 | €6,283 | -€13,697 | -68.6% |
| Other amounts payable | 47/48 | €25,147 | €15,075 | -€10,072 | -40.1% |
| Turnover | 70 | €757,869 | €780,233 | +€22,365 | +3.0% |
| Non-recurring operating income | 76A | €5,124 | - | -€5,124 | |
| Goods, raw materials, services and sundry goods | 60/61 | €709,359 | €710,187 | +€828 | +0.1% |
| Remuneration, social security and pensions | 62 | €45,336 | €56,212 | +€10,876 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,309 | €7,747 | -€2,562 | -24.9% |
| Other operating charges | 640/8 | €1,532 | €7,241 | +€5,710 | +372.8% |
| Gross operating margin | 9900 | €53,634 | €70,046 | +€16,413 | +30.6% |
| Operating profit (loss) | 9901 | -€3,543 | -€1,154 | +€2,389 | +67.4% |
| Financial charges | 65/66B | €431 | €54 | -€377 | -87.5% |
| Recurring financial charges | 65 | €431 | €54 | -€377 | -87.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,974 | -€1,208 | +€2,766 | +69.6% |
| Profit (loss) for the period | 9904 | -€3,974 | -€1,208 | +€2,766 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,974 | -€1,208 | +€2,766 | +69.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.