CHECKMATE: 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.
CHECKMATE
Largest movements
- Tangible fixed assets +€11,066
up €11,066 (+27.0%), from €40,934 to €52,000
- Other debts +€26,492
up €26,492 (+17.7%), from €149,648 to €176,140
- Profit (loss) carried forward -€15,909
down €15,909 (-17.7%), from -€89,763 to -€105,672
- Gross operating margin -€17,671
down €17,671 (-82.7%), from €21,356 to €3,685
- Depreciation +€4,099
up €4,099 (+39.3%), from €10,437 to €14,536
- Financial charges +€578
up €578 (+17.8%), from €3,241 to €3,819
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 | €208,209 | €218,401 | +€10,193 | +4.9% |
| Fixed assets | 21/28 | €176,323 | €187,389 | +€11,066 | +6.3% |
| Tangible fixed assets | 22/27 | €40,934 | €52,000 | +€11,066 | +27.0% |
| Furniture and vehicles | 24 | €40,934 | €52,000 | +€11,066 | +27.0% |
| Financial fixed assets | 28 | €135,389 | €135,389 | = | 0.0% |
| Current assets | 29/58 | €31,886 | €31,012 | -€874 | -2.7% |
| Amounts receivable within one year | 40/41 | €24,170 | €25,445 | +€1,275 | +5.3% |
| Trade receivables | 40 | €1,635 | €358 | -€1,278 | -78.1% |
| Other amounts receivable | 41 | €22,535 | €25,087 | +€2,552 | +11.3% |
| Cash at bank and in hand | 54/58 | €6,838 | €5,218 | -€1,620 | -23.7% |
| Deferred charges and accrued income | 490/1 | €878 | €349 | -€529 | -60.2% |
| Total equity and liabilities | 10/49 | €208,209 | €218,401 | +€10,193 | +4.9% |
| Equity | 10/15 | €52,436 | €36,526 | -€15,909 | -30.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €134,139 | €134,139 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€89,763 | -€105,672 | -€15,909 | -17.7% |
| Amounts payable | 17/49 | €155,773 | €181,875 | +€26,102 | +16.8% |
| Amounts payable within one year | 42/48 | €155,773 | €181,875 | +€26,102 | +16.8% |
| Trade debts | 44 | €4,427 | €4,930 | +€503 | +11.4% |
| Suppliers | 440/4 | €4,427 | €4,930 | +€503 | +11.4% |
| Taxes, remuneration and social security | 45 | €1,699 | €805 | -€893 | -52.6% |
| Taxes | 450/3 | €1,699 | €805 | -€893 | -52.6% |
| Other amounts payable | 47/48 | €149,648 | €176,140 | +€26,492 | +17.7% |
| Non-recurring operating income | 76A | €8,546 | - | -€8,546 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,437 | €14,536 | +€4,099 | +39.3% |
| Other operating charges | 640/8 | €764 | €967 | +€203 | +26.6% |
| Gross operating margin | 9900 | €21,356 | €3,685 | -€17,671 | -82.7% |
| Operating profit (loss) | 9901 | €10,154 | -€11,819 | -€21,973 | |
| Financial charges | 65/66B | €3,241 | €3,819 | +€578 | +17.8% |
| Recurring financial charges | 65 | €3,241 | €3,819 | +€578 | +17.8% |
| Profit (loss) for the period before taxes | 9903 | €6,913 | -€15,638 | -€22,551 | |
| Income taxes | 67/77 | €377 | €271 | -€105 | -28.0% |
| Profit (loss) for the period | 9904 | €6,536 | -€15,909 | -€22,446 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,536 | -€15,909 | -€22,446 |
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 12 October 2026 via checked.be.