CHAPTER SEVEN: 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 SEVEN
Largest movements
- Tangible fixed assets +€5,838
up €5,838 (+300.3%), from €1,944 to €7,782
of which Plant, machinery and equipment: +€5,911
- Cash -€3,801
down €3,801 (-36.4%), from €10,433 to €6,631
mainly Investment in fixed assets (net) (-€5,981) and Other debts (-€2,300)
- Receivables within one year +€1,762
up €1,762 (+170.4%), from €1,034 to €2,796
- Profit (loss) carried forward +€4,448
up €4,448 (+95.7%), from €4,645 to €9,093
- Other debts -€2,300
down €2,300 (-98.0%), from €2,346 to €46
- Tax, wage and social debts +€1,651
up €1,651 (+752.6%), from €219 to €1,870
of which Taxes: +€1,651
- Staff costs -€20,990
down €20,990 (-100.0%), from €20,990 to €0
- Gross operating margin -€14,527
down €14,527 (-66.4%), from €21,865 to €7,339
- Taxes +€1,656
up €1,656 (+754.7%), from €219 to €1,875
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 | €13,411 | €17,210 | +€3,799 | +28.3% |
| Fixed assets | 21/28 | €1,944 | €7,782 | +€5,838 | +300.3% |
| Tangible fixed assets | 22/27 | €1,944 | €7,782 | +€5,838 | +300.3% |
| Land and buildings | 22 | €1,944 | €1,871 | -€73 | -3.7% |
| Plant, machinery and equipment | 23 | - | €5,911 | +€5,911 | |
| Current assets | 29/58 | €11,467 | €9,427 | -€2,040 | -17.8% |
| Amounts receivable within one year | 40/41 | €1,034 | €2,796 | +€1,762 | +170.4% |
| Other amounts receivable | 41 | €1,034 | €2,796 | +€1,762 | +170.4% |
| Cash at bank and in hand | 54/58 | €10,433 | €6,631 | -€3,801 | -36.4% |
| Total equity and liabilities | 10/49 | €13,411 | €17,210 | +€3,799 | +28.3% |
| Equity | 10/15 | €10,845 | €15,293 | +€4,448 | +41.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,645 | €9,093 | +€4,448 | +95.7% |
| Amounts payable | 17/49 | €2,565 | €1,916 | -€649 | -25.3% |
| Amounts payable within one year | 42/48 | €2,565 | €1,916 | -€649 | -25.3% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €219 | €1,870 | +€1,651 | +752.6% |
| Taxes | 450/3 | €219 | €1,870 | +€1,651 | +752.6% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,346 | €46 | -€2,300 | -98.0% |
| Remuneration, social security and pensions | 62 | €20,990 | €0 | -€20,990 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73 | €143 | +€70 | +96.7% |
| Other operating charges | 640/8 | €663 | €683 | +€20 | +3.0% |
| Gross operating margin | 9900 | €21,865 | €7,339 | -€14,527 | -66.4% |
| Operating profit (loss) | 9901 | €140 | €6,513 | +€6,373 | +4543.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | -€20 | €6,323 | +€6,343 | |
| Income taxes | 67/77 | €219 | €1,875 | +€1,656 | +754.7% |
| Profit (loss) for the period | 9904 | -€239 | €4,448 | +€4,687 | |
| Profit (loss) for the period to be appropriated | 9905 | -€239 | €4,448 | +€4,687 |
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.