CLICK WITH IT: 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.
CLICK WITH IT
Largest movements
- Receivables within one year +€19,683
up €19,683 (+23.8%), from €82,771 to €102,454
of which Trade receivables: +€13,691
- Cash -€8,968
down €8,968 (-31.9%), from €28,098 to €19,130
mainly Receivables within one year (-€19,683) and Trade debts (-€4,637)
- Tangible fixed assets -€6,033
down €6,033 (-31.5%), from €19,162 to €13,129
- Tax, wage and social debts +€11,809
up €11,809 (+53.5%), from €22,058 to €33,867
- Trade debts -€4,637
down €4,637 (-29.2%), from €15,880 to €11,243
- Profit (loss) carried forward -€2,490
down €2,490 (-2.9%), from €85,893 to €83,403
- Gross operating margin -€16,300
down €16,300 (-76.2%), from €21,384 to €5,084
- Other operating charges -€6,137
no longer reported in 2025 (was €6,137)
- Taxes -€3,136
down €3,136 (-96.0%), from €3,265 to €129
- Depreciation -€2,129
down €2,129 (-22.6%), from €9,411 to €7,282
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 | €130,031 | €134,713 | +€4,682 | +3.6% |
| Fixed assets | 21/28 | €19,162 | €13,129 | -€6,033 | -31.5% |
| Tangible fixed assets | 22/27 | €19,162 | €13,129 | -€6,033 | -31.5% |
| Furniture and vehicles | 24 | €19,162 | €13,129 | -€6,033 | -31.5% |
| Current assets | 29/58 | €110,869 | €121,584 | +€10,715 | +9.7% |
| Amounts receivable within one year | 40/41 | €82,771 | €102,454 | +€19,683 | +23.8% |
| Trade receivables | 40 | €39,295 | €52,986 | +€13,691 | +34.8% |
| Other amounts receivable | 41 | €43,476 | €49,468 | +€5,992 | +13.8% |
| Cash at bank and in hand | 54/58 | €28,098 | €19,130 | -€8,968 | -31.9% |
| Total equity and liabilities | 10/49 | €130,031 | €134,713 | +€4,682 | +3.6% |
| Equity | 10/15 | €92,093 | €89,603 | -€2,490 | -2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,893 | €83,403 | -€2,490 | -2.9% |
| Amounts payable | 17/49 | €37,938 | €45,110 | +€7,172 | +18.9% |
| Amounts payable within one year | 42/48 | €37,938 | €45,110 | +€7,172 | +18.9% |
| Trade debts | 44 | €15,880 | €11,243 | -€4,637 | -29.2% |
| Suppliers | 440/4 | €15,880 | €11,243 | -€4,637 | -29.2% |
| Taxes, remuneration and social security | 45 | €22,058 | €33,867 | +€11,809 | +53.5% |
| Taxes | 450/3 | €22,058 | €33,867 | +€11,809 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,411 | €7,282 | -€2,129 | -22.6% |
| Other operating charges | 640/8 | €6,137 | - | -€6,137 | |
| Gross operating margin | 9900 | €21,384 | €5,084 | -€16,300 | -76.2% |
| Operating profit (loss) | 9901 | €5,836 | -€2,198 | -€8,034 | |
| Financial charges | 65/66B | €88 | €163 | +€75 | +85.2% |
| Recurring financial charges | 65 | €88 | €163 | +€75 | +85.2% |
| Profit (loss) for the period before taxes | 9903 | €5,748 | -€2,361 | -€8,109 | |
| Income taxes | 67/77 | €3,265 | €129 | -€3,136 | -96.0% |
| Profit (loss) for the period | 9904 | €2,483 | -€2,490 | -€4,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,483 | -€2,490 | -€4,973 |
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 4 October 2026 via checked.be.