CHAPTER 2805: 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.
CHAPTER 2805
Largest movements
- Financial fixed assets +€5,000
new in 2025: €5,000
- Tangible fixed assets -€4,295
down €4,295 (-23.1%), from €18,616 to €14,320
of which Plant, machinery and equipment: -€2,371
- Cash +€2,418
up €2,418 (+18372.6%), from €13 to €2,431
mainly Trade debts (+€15,779) and Depreciation (+€5,769)
- Intangible fixed assets -€1,473
no longer reported in 2025 (was €1,473)
- Receivables within one year +€975
up €975 (+42.8%), from €2,280 to €3,255
of which Trade receivables: +€1,576
- Profit (loss) carried forward -€17,130
down €17,130 (-33.1%), from -€51,766 to -€68,895
- Trade debts +€15,779
up €15,779 (+108.3%), from €14,564 to €30,344
- Other debts +€2,564
up €2,564 (+12.3%), from €20,845 to €23,409
- Accrued charges and deferred income +€2,334
up €2,334 (+3553.0%), from €66 to €2,400
- Tax, wage and social debts -€906
down €906 (-3.5%), from €25,999 to €25,093
- Gross operating margin +€21,200
up €21,200 (+75.5%), from -€28,092 to -€6,892
- Other operating charges -€2,128
down €2,128 (-69.6%), from €3,055 to €928
- Financial charges -€1,279
down €1,279 (-27.6%), from €4,642 to €3,363
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 | €22,709 | €25,351 | +€2,642 | +11.6% |
| Fixed assets | 21/28 | €20,089 | €19,320 | -€769 | -3.8% |
| Intangible fixed assets | 21 | €1,473 | - | -€1,473 | |
| Tangible fixed assets | 22/27 | €18,616 | €14,320 | -€4,295 | -23.1% |
| Plant, machinery and equipment | 23 | €15,191 | €12,820 | -€2,371 | -15.6% |
| Furniture and vehicles | 24 | €3,425 | €1,500 | -€1,925 | -56.2% |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €2,620 | €6,031 | +€3,410 | +130.2% |
| Amounts receivable within one year | 40/41 | €2,280 | €3,255 | +€975 | +42.8% |
| Trade receivables | 40 | €1,679 | €3,255 | +€1,576 | +93.9% |
| Other amounts receivable | 41 | €601 | - | -€601 | |
| Cash at bank and in hand | 54/58 | €13 | €2,431 | +€2,418 | +18372.6% |
| Deferred charges and accrued income | 490/1 | €327 | €344 | +€17 | +5.3% |
| Total equity and liabilities | 10/49 | €22,709 | €25,351 | +€2,642 | +11.6% |
| Equity | 10/15 | -€48,766 | -€65,895 | -€17,130 | -35.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,766 | -€68,895 | -€17,130 | -33.1% |
| Amounts payable | 17/49 | €71,475 | €91,246 | +€19,771 | +27.7% |
| Amounts payable within one year | 42/48 | €71,409 | €88,846 | +€17,437 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €14,564 | €30,344 | +€15,779 | +108.3% |
| Suppliers | 440/4 | €14,564 | €30,344 | +€15,779 | +108.3% |
| Taxes, remuneration and social security | 45 | €25,999 | €25,093 | -€906 | -3.5% |
| Taxes | 450/3 | €25,999 | €25,093 | -€906 | -3.5% |
| Other amounts payable | 47/48 | €20,845 | €23,409 | +€2,564 | +12.3% |
| Accrued charges and deferred income | 492/3 | €66 | €2,400 | +€2,334 | +3553.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,635 | €5,769 | +€134 | +2.4% |
| Other operating charges | 640/8 | €3,055 | €928 | -€2,128 | -69.6% |
| Gross operating margin | 9900 | -€28,092 | -€6,892 | +€21,200 | +75.5% |
| Operating profit (loss) | 9901 | -€36,782 | -€13,589 | +€23,193 | +63.1% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €4,642 | €3,363 | -€1,279 | -27.6% |
| Recurring financial charges | 65 | €4,642 | €3,363 | -€1,279 | -27.6% |
| Profit (loss) for the period before taxes | 9903 | -€41,425 | -€16,952 | +€24,473 | +59.1% |
| Income taxes | 67/77 | €190 | €178 | -€12 | -6.4% |
| Profit (loss) for the period | 9904 | -€41,615 | -€17,130 | +€24,485 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,615 | -€17,130 | +€24,485 | +58.8% |
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 30 September 2026 via checked.be.