CLOSE CONTACT: 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.
CLOSE CONTACT
Largest movements
- Tangible fixed assets -€21,031
down €21,031 (-65.5%), from €32,098 to €11,066
of which Furniture and vehicles: -€19,916
- Cash +€13,800
up €13,800 (+48,507%), from €28 to €13,829
mainly Net result for the year (+€25,345) and Investment in fixed assets (net) (+€16,262)
- Receivables within one year +€9,490
up €9,490 (+43.5%), from €21,820 to €31,311
of which Other amounts receivable: +€16,758
- Reserves +€6,343
up €6,343 (+31.8%), from €19,961 to €26,304
of which Distributable reserves: +€6,343
- Accrued charges and deferred income -€3,500
down €3,500 (-100%), from €3,500 to €0
- Tax, wage and social debts +€2,912
up €2,912 (+456%), from €639 to €3,551
- Other debts -€2,171
down €2,171 (-10.7%), from €20,272 to €18,101
- Trade debts -€1,258
down €1,258 (-40.2%), from €3,128 to €1,870
- Gross operating margin +€45,841
up €45,841, from -€11,488 to €34,353
- Depreciation -€5,835
down €5,835 (-55.0%), from €10,605 to €4,770
- Write-downs -€4,000
down €4,000 (-100%), from €4,000 to €0
- Taxes +€2,444
new in 2025: €2,444
- Financial charges +€1,091
up €1,091 (+337%), from €324 to €1,415
of which Non-recurring financial charges: +€1,200
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.
Derived cash bridge
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 | €53,946 | €56,484 | +€2,538 | +4.7% |
| Fixed assets | 21/28 | €32,098 | €11,066 | -€21,031 | -65.5% |
| Tangible fixed assets | 22/27 | €32,098 | €11,066 | -€21,031 | -65.5% |
| Plant, machinery and equipment | 23 | €10,732 | €9,617 | -€1,115 | -10.4% |
| Furniture and vehicles | 24 | €21,366 | €1,450 | -€19,916 | -93.2% |
| Current assets | 29/58 | €21,849 | €45,417 | +€23,569 | +108% |
| Amounts receivable within one year | 40/41 | €21,820 | €31,311 | +€9,490 | +43.5% |
| Trade receivables | 40 | €11,367 | €4,100 | -€7,267 | -63.9% |
| Other amounts receivable | 41 | €10,453 | €27,211 | +€16,758 | +160% |
| Cash at bank and in hand | 54/58 | €28 | €13,829 | +€13,800 | +48,507% |
| Deferred charges and accrued income | 490/1 | €0 | €278 | +€278 | |
| Total equity and liabilities | 10/49 | €53,946 | €56,484 | +€2,538 | +4.7% |
| Equity | 10/15 | €25,260 | €32,504 | +€7,244 | +28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €19,961 | €26,304 | +€6,343 | +31.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €18,101 | €24,444 | +€6,343 | +35.0% |
| Profit (loss) carried forward | 14 | -€901 | €0 | +€901 | |
| Amounts payable | 17/49 | €28,687 | €23,980 | -€4,707 | -16.4% |
| Amounts payable within one year | 42/48 | €25,187 | €23,980 | -€1,207 | -4.8% |
| Financial debts | 43 | €1,148 | €458 | -€690 | -60.1% |
| Credit institutions | 430/8 | €1,148 | €458 | -€690 | -60.1% |
| Trade debts | 44 | €3,128 | €1,870 | -€1,258 | -40.2% |
| Suppliers | 440/4 | €3,128 | €1,870 | -€1,258 | -40.2% |
| Taxes, remuneration and social security | 45 | €639 | €3,551 | +€2,912 | +456% |
| Taxes | 450/3 | €639 | €3,551 | +€2,912 | +456% |
| Other amounts payable | 47/48 | €20,272 | €18,101 | -€2,171 | -10.7% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Non-recurring operating income | 76A | €891 | €0 | -€891 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,605 | €4,770 | -€5,835 | -55.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,000 | €0 | -€4,000 | -100% |
| Other operating charges | 640/8 | €875 | €976 | +€101 | +11.5% |
| Non-recurring operating charges | 66A | €2,152 | €0 | -€2,152 | -100% |
| Gross operating margin | 9900 | -€11,488 | €34,353 | +€45,841 | |
| Operating profit (loss) | 9901 | -€29,121 | €28,607 | +€57,728 | |
| Financial income | 75/76B | €196 | €598 | +€402 | +205% |
| Recurring financial income | 75 | €196 | €598 | +€402 | +205% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €324 | €1,415 | +€1,091 | +337% |
| Recurring financial charges | 65 | €324 | €215 | -€109 | -33.5% |
| Non-recurring financial charges | 66B | - | €1,200 | +€1,200 | |
| Profit (loss) for the period before taxes | 9903 | -€29,249 | €27,790 | +€57,039 | |
| Income taxes | 67/77 | - | €2,444 | +€2,444 | |
| Profit (loss) for the period | 9904 | -€29,249 | €25,345 | +€54,594 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,249 | €25,345 | +€54,594 |
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 26 October 2026 via checked.be.