Cites: 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.
Cites
Largest movements
- Cash +€6,476
up €6,476 (+3951.5%), from €164 to €6,640
mainly Receivables within one year (+€6,033) and Net result for the year (+€3,203)
- Receivables within one year -€6,033
down €6,033 (-43.9%), from €13,753 to €7,720
of which Trade receivables: -€5,968
- Deferred charges and accrued income +€2,162
up €2,162 (+944.4%), from €229 to €2,391
- Stocks and contracts -€933
down €933 (-73.1%), from €1,276 to €344
- Tangible fixed assets +€557
up €557 (+11.7%), from €4,751 to €5,308
of which Plant, machinery and equipment: +€1,790
- Profit (loss) carried forward +€3,203
up €3,203 (+44.7%), from -€7,162 to -€3,959
- Tax, wage and social debts -€1,988
down €1,988 (-30.5%), from €6,507 to €4,520
- Debts after one year +€1,068
up €1,068 (+5.9%), from €18,155 to €19,224
of which Other amounts payable: +€2,988
- Write-downs -€13,087
no longer reported in 2025 (was €13,087)
- Taxes +€2,639
up €2,639 (+416.6%), from €633 to €3,272
- Gross operating margin -€1,738
down €1,738 (-13.0%), from €13,328 to €11,590
- Depreciation +€729
up €729 (+109.0%), from €668 to €1,397
- Financial charges -€509
down €509 (-14.0%), from €3,627 to €3,118
of which Financial charges: -€271
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 | €20,173 | €22,403 | +€2,230 | +11.1% |
| Fixed assets | 21/28 | €4,751 | €5,308 | +€557 | +11.7% |
| Tangible fixed assets | 22/27 | €4,751 | €5,308 | +€557 | +11.7% |
| Plant, machinery and equipment | 23 | - | €1,790 | +€1,790 | |
| Furniture and vehicles | 24 | €4,751 | €3,518 | -€1,233 | -25.9% |
| Current assets | 29/58 | €15,422 | €17,095 | +€1,673 | +10.8% |
| Stocks and contracts in progress | 3 | €1,276 | €344 | -€933 | -73.1% |
| Stocks | 30/36 | €1,276 | €344 | -€933 | -73.1% |
| Amounts receivable within one year | 40/41 | €13,753 | €7,720 | -€6,033 | -43.9% |
| Trade receivables | 40 | €13,688 | €7,720 | -€5,968 | -43.6% |
| Other amounts receivable | 41 | €65 | - | -€65 | |
| Cash at bank and in hand | 54/58 | €164 | €6,640 | +€6,476 | +3951.5% |
| Deferred charges and accrued income | 490/1 | €229 | €2,391 | +€2,162 | +944.4% |
| Total equity and liabilities | 10/49 | €20,173 | €22,403 | +€2,230 | +11.1% |
| Equity | 10/15 | -€6,162 | -€2,959 | +€3,203 | +52.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,162 | -€3,959 | +€3,203 | +44.7% |
| Amounts payable | 17/49 | €26,335 | €25,362 | -€973 | -3.7% |
| Amounts payable after more than one year | 17 | €18,155 | €19,224 | +€1,068 | +5.9% |
| Financial debts | 170/4 | €18,155 | €16,236 | -€1,919 | -10.6% |
| Other amounts payable | 178/9 | - | €2,988 | +€2,988 | |
| Amounts payable within one year | 42/48 | €8,169 | €6,138 | -€2,031 | -24.9% |
| Trade debts | 44 | €1,662 | €1,619 | -€43 | -2.6% |
| Suppliers | 440/4 | €1,662 | €1,619 | -€43 | -2.6% |
| Taxes, remuneration and social security | 45 | €6,507 | €4,520 | -€1,988 | -30.5% |
| Taxes | 450/3 | €6,507 | €4,520 | -€1,988 | -30.5% |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668 | €1,397 | +€729 | +109.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,087 | - | -€13,087 | |
| Other operating charges | 640/8 | €553 | €604 | +€51 | +9.2% |
| Gross operating margin | 9900 | €13,328 | €11,590 | -€1,738 | -13.0% |
| Operating profit (loss) | 9901 | -€980 | €9,589 | +€10,569 | |
| Financial income | 75/76B | €0 | €4 | +€4 | +10150.0% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +10150.0% |
| Non-recurring financial income | 76B | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,627 | €3,118 | -€509 | -14.0% |
| Recurring financial charges | 65 | €3,389 | €3,118 | -€271 | -8.0% |
| Non-recurring financial charges | 66B | €237 | - | -€237 | |
| Profit (loss) for the period before taxes | 9903 | -€4,607 | €6,475 | +€11,082 | |
| Income taxes | 67/77 | €633 | €3,272 | +€2,639 | +416.6% |
| Profit (loss) for the period | 9904 | -€5,240 | €3,203 | +€8,443 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,240 | €3,203 | +€8,443 |
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 9 October 2026 via checked.be.