CLEAR ROUND: 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.
CLEAR ROUND
Largest movements
- Cash -€140,761
down €140,761 (-77.9%), from €180,608 to €39,847
mainly Accrued charges and deferred income (-€61,500) and Receivables within one year (-€48,846)
- Receivables within one year +€48,846
up €48,846 (+21626.8%), from €226 to €49,072
of which Trade receivables: +€44,492
- Tangible fixed assets +€19,838
up €19,838 (+341.8%), from €5,803 to €25,642
of which Plant, machinery and equipment: +€21,263
- Deferred charges and accrued income +€1,944
up €1,944 (+38.1%), from €5,097 to €7,040
- Accrued charges and deferred income -€61,500
down €61,500 (-100.0%), from €61,500 to €0
- Tax, wage and social debts -€10,556
down €10,556 (-77.0%), from €13,716 to €3,160
of which Taxes: -€10,236
- Profit (loss) carried forward +€2,935
new in 2025: €2,935
- Other debts -€2,542
down €2,542 (-100.0%), from €2,542 to €0
- Gross operating margin -€27,403
down €27,403 (-68.6%), from €39,927 to €12,524
- Taxes -€8,671
down €8,671 (-69.9%), from €12,400 to €3,730
- Depreciation +€2,542
up €2,542 (+162.0%), from €1,569 to €4,112
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 | €191,734 | €121,601 | -€70,133 | -36.6% |
| Fixed assets | 21/28 | €5,803 | €25,642 | +€19,838 | +341.8% |
| Tangible fixed assets | 22/27 | €5,803 | €25,642 | +€19,838 | +341.8% |
| Plant, machinery and equipment | 23 | €2,326 | €23,589 | +€21,263 | +914.2% |
| Furniture and vehicles | 24 | €1,908 | €1,082 | -€825 | -43.3% |
| Other tangible fixed assets | 26 | €1,570 | €970 | -€600 | -38.2% |
| Current assets | 29/58 | €185,931 | €95,959 | -€89,971 | -48.4% |
| Amounts receivable within one year | 40/41 | €226 | €49,072 | +€48,846 | +21626.8% |
| Trade receivables | 40 | - | €44,492 | +€44,492 | |
| Other amounts receivable | 41 | €226 | €4,580 | +€4,355 | +1928.0% |
| Cash at bank and in hand | 54/58 | €180,608 | €39,847 | -€140,761 | -77.9% |
| Deferred charges and accrued income | 490/1 | €5,097 | €7,040 | +€1,944 | +38.1% |
| Total equity and liabilities | 10/49 | €191,734 | €121,601 | -€70,133 | -36.6% |
| Equity | 10/15 | €109,243 | €112,178 | +€2,935 | +2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €104,243 | €104,243 | = | 0.0% |
| Distributable reserves | 133 | €104,243 | €104,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,935 | +€2,935 | |
| Amounts payable | 17/49 | €82,491 | €9,423 | -€73,068 | -88.6% |
| Amounts payable within one year | 42/48 | €20,991 | €9,423 | -€11,568 | -55.1% |
| Trade debts | 44 | €4,733 | €6,263 | +€1,530 | +32.3% |
| Suppliers | 440/4 | €4,733 | €6,263 | +€1,530 | +32.3% |
| Taxes, remuneration and social security | 45 | €13,716 | €3,160 | -€10,556 | -77.0% |
| Taxes | 450/3 | €10,366 | €130 | -€10,236 | -98.7% |
| Remuneration and social security | 454/9 | €3,350 | €3,030 | -€320 | -9.5% |
| Other amounts payable | 47/48 | €2,542 | €0 | -€2,542 | -100.0% |
| Accrued charges and deferred income | 492/3 | €61,500 | €0 | -€61,500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,569 | €4,112 | +€2,542 | +162.0% |
| Other operating charges | 640/8 | €1,530 | €1,604 | +€74 | +4.8% |
| Gross operating margin | 9900 | €39,927 | €12,524 | -€27,403 | -68.6% |
| Operating profit (loss) | 9901 | €36,827 | €6,808 | -€30,019 | -81.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €76 | €143 | +€67 | +87.5% |
| Recurring financial charges | 65 | €76 | €143 | +€67 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €36,751 | €6,665 | -€30,086 | -81.9% |
| Income taxes | 67/77 | €12,400 | €3,730 | -€8,671 | -69.9% |
| Profit (loss) for the period | 9904 | €24,350 | €2,935 | -€21,415 | -87.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,350 | €2,935 | -€21,415 | -87.9% |
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 5 October 2026 via checked.be.