CLIENT VALUES FIRST: 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.
CLIENT VALUES FIRST
Largest movements
- Cash -€9,875
down €9,875 (-63.4%), from €15,572 to €5,698
mainly Net result for the year (-€46,979) and Receivables within one year (-€3,144)
- Receivables within one year +€3,144
up €3,144 (+112.8%), from €2,787 to €5,932
of which Other amounts receivable: +€2,638
- Deferred charges and accrued income -€1,510
down €1,510 (-75.8%), from €1,991 to €481
- Tangible fixed assets -€548
down €548 (-37.4%), from €1,466 to €918
- Profit (loss) carried forward -€46,979
down €46,979 (-85.6%), from -€54,911 to -€101,890
- Other debts +€36,940
up €36,940 (+52.0%), from €70,995 to €107,935
- Trade debts +€753
up €753 (+337.3%), from €223 to €976
- Tax, wage and social debts +€498
up €498 (+97.8%), from €509 to €1,006
- Gross operating margin +€5,411
up €5,411 (+11.1%), from -€48,764 to -€43,353
- Other operating charges -€2,837
down €2,837 (-80.4%), from €3,528 to €691
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 | €21,816 | €13,028 | -€8,788 | -40.3% |
| Fixed assets | 21/28 | €1,466 | €918 | -€548 | -37.4% |
| Tangible fixed assets | 22/27 | €1,466 | €918 | -€548 | -37.4% |
| Furniture and vehicles | 24 | €1,466 | €918 | -€548 | -37.4% |
| Current assets | 29/58 | €20,350 | €12,110 | -€8,240 | -40.5% |
| Amounts receivable within one year | 40/41 | €2,787 | €5,932 | +€3,144 | +112.8% |
| Trade receivables | 40 | €268 | €775 | +€507 | +188.9% |
| Other amounts receivable | 41 | €2,519 | €5,157 | +€2,638 | +104.7% |
| Cash at bank and in hand | 54/58 | €15,572 | €5,698 | -€9,875 | -63.4% |
| Deferred charges and accrued income | 490/1 | €1,991 | €481 | -€1,510 | -75.8% |
| Total equity and liabilities | 10/49 | €21,816 | €13,028 | -€8,788 | -40.3% |
| Equity | 10/15 | -€49,911 | -€96,890 | -€46,979 | -94.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,911 | -€101,890 | -€46,979 | -85.6% |
| Amounts payable | 17/49 | €71,727 | €109,918 | +€38,191 | +53.2% |
| Amounts payable within one year | 42/48 | €71,727 | €109,918 | +€38,191 | +53.2% |
| Trade debts | 44 | €223 | €976 | +€753 | +337.3% |
| Suppliers | 440/4 | €223 | €976 | +€753 | +337.3% |
| Taxes, remuneration and social security | 45 | €509 | €1,006 | +€498 | +97.8% |
| Taxes | 450/3 | €509 | €1,006 | +€498 | +97.8% |
| Other amounts payable | 47/48 | €70,995 | €107,935 | +€36,940 | +52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €178 | €548 | +€370 | +207.6% |
| Other operating charges | 640/8 | €3,528 | €691 | -€2,837 | -80.4% |
| Gross operating margin | 9900 | -€48,764 | -€43,353 | +€5,411 | +11.1% |
| Operating profit (loss) | 9901 | -€52,470 | -€44,592 | +€7,878 | +15.0% |
| Financial income | 75/76B | €4 | €12 | +€8 | +221.3% |
| Recurring financial income | 75 | €4 | €12 | +€8 | +221.3% |
| Financial charges | 65/66B | €1,936 | €1,902 | -€34 | -1.7% |
| Recurring financial charges | 65 | €1,936 | €1,902 | -€34 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,402 | -€46,482 | +€7,920 | +14.6% |
| Income taxes | 67/77 | €509 | €498 | -€11 | -2.2% |
| Profit (loss) for the period | 9904 | -€54,911 | -€46,979 | +€7,932 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€54,911 | -€46,979 | +€7,932 | +14.4% |
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 8 October 2026 via checked.be.