Change-iT: 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.
Change-iT
Largest movements
- Receivables within one year -€11,503
down €11,503 (-33.2%), from €34,697 to €23,195
of which Trade receivables: -€8,181
- Tangible fixed assets -€11,133
down €11,133 (-22.1%), from €50,327 to €39,194
of which Furniture and vehicles: -€11,133
- Cash +€7,023
up €7,023 (+322.6%), from €2,177 to €9,200
mainly Receivables within one year (+€11,503) and Depreciation (+€10,641)
- Current investments -€5,630
down €5,630 (-18.8%), from €29,935 to €24,304
- Debts after one year -€8,953
down €8,953 (-24.2%), from €37,030 to €28,077
- Trade debts -€6,766
down €6,766 (-26.5%), from €25,493 to €18,727
- Reserves -€6,078
down €6,078 (-16.7%), from €36,405 to €30,327
- Tax, wage and social debts +€5,553
up €5,553 (+164.8%), from €3,369 to €8,922
- Current portion of long-term debt -€4,095
down €4,095 (-31.4%), from €13,048 to €8,953
- Gross operating margin +€10,828
up €10,828, from -€5,362 to €5,466
- Depreciation +€4,054
up €4,054 (+61.5%), from €6,587 to €10,641
- Financial income +€1,556
up €1,556 (+1494.1%), from €104 to €1,661
- Financial charges +€886
up €886 (+103.0%), from €860 to €1,746
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 | €122,701 | €100,749 | -€21,952 | -17.9% |
| Fixed assets | 21/28 | €51,819 | €41,151 | -€10,668 | -20.6% |
| Intangible fixed assets | 21 | €1,492 | €1,957 | +€465 | +31.2% |
| Tangible fixed assets | 22/27 | €50,327 | €39,194 | -€11,133 | -22.1% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €50,327 | €39,194 | -€11,133 | -22.1% |
| Current assets | 29/58 | €70,883 | €59,598 | -€11,284 | -15.9% |
| Amounts receivable within one year | 40/41 | €34,697 | €23,195 | -€11,503 | -33.2% |
| Trade receivables | 40 | €26,376 | €18,195 | -€8,181 | -31.0% |
| Other amounts receivable | 41 | €8,321 | €5,000 | -€3,321 | -39.9% |
| Current investments | 50/53 | €29,935 | €24,304 | -€5,630 | -18.8% |
| Cash at bank and in hand | 54/58 | €2,177 | €9,200 | +€7,023 | +322.6% |
| Deferred charges and accrued income | 490/1 | €4,074 | €2,900 | -€1,174 | -28.8% |
| Total equity and liabilities | 10/49 | €122,701 | €100,749 | -€21,952 | -17.9% |
| Equity | 10/15 | €38,405 | €32,327 | -€6,078 | -15.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €36,405 | €30,327 | -€6,078 | -16.7% |
| Distributable reserves | 133 | €36,405 | €30,327 | -€6,078 | -16.7% |
| Amounts payable | 17/49 | €84,296 | €68,422 | -€15,874 | -18.8% |
| Amounts payable after more than one year | 17 | €37,030 | €28,077 | -€8,953 | -24.2% |
| Financial debts | 170/4 | €37,030 | €28,077 | -€8,953 | -24.2% |
| Amounts payable within one year | 42/48 | €42,149 | €36,602 | -€5,547 | -13.2% |
| Current portion of amounts payable after more than one year | 42 | €13,048 | €8,953 | -€4,095 | -31.4% |
| Trade debts | 44 | €25,493 | €18,727 | -€6,766 | -26.5% |
| Suppliers | 440/4 | €25,493 | €18,727 | -€6,766 | -26.5% |
| Taxes, remuneration and social security | 45 | €3,369 | €8,922 | +€5,553 | +164.8% |
| Taxes | 450/3 | €3,369 | €8,922 | +€5,553 | +164.8% |
| Other amounts payable | 47/48 | €239 | €1 | -€238 | -99.7% |
| Accrued charges and deferred income | 492/3 | €5,117 | €3,743 | -€1,375 | -26.9% |
| Non-recurring operating income | 76A | - | €4,634 | +€4,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,587 | €10,641 | +€4,054 | +61.5% |
| Other operating charges | 640/8 | €623 | €585 | -€38 | -6.1% |
| Gross operating margin | 9900 | -€5,362 | €5,466 | +€10,828 | |
| Operating profit (loss) | 9901 | -€12,572 | -€5,760 | +€6,812 | +54.2% |
| Financial income | 75/76B | €104 | €1,661 | +€1,556 | +1494.1% |
| Recurring financial income | 75 | €104 | €1,661 | +€1,556 | +1494.1% |
| Financial charges | 65/66B | €860 | €1,746 | +€886 | +103.0% |
| Recurring financial charges | 65 | €860 | €1,746 | +€886 | +103.0% |
| Profit (loss) for the period before taxes | 9903 | -€13,328 | -€5,845 | +€7,483 | +56.1% |
| Income taxes | 67/77 | €220 | €232 | +€12 | +5.5% |
| Profit (loss) for the period | 9904 | -€13,548 | -€6,078 | +€7,471 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,548 | -€6,078 | +€7,471 | +55.1% |
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.