Closer: 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.
Closer
Largest movements
- Receivables within one year -€9,883
down €9,883 (-45.4%), from €21,754 to €11,871
of which Trade receivables: -€9,263
- Cash -€1,692
down €1,692 (-34.3%), from €4,927 to €3,235
mainly Trade debts (-€8,858) and Accrued charges and deferred income (-€3,975)
- Tangible fixed assets +€821
up €821 (+119%), from €687 to €1,508
- Trade debts -€8,858
down €8,858 (-71.9%), from €12,317 to €3,459
- Debts after one year +€5,777
up €5,777 (+41.0%), from €14,082 to €19,859
- Accrued charges and deferred income -€3,975
down €3,975 (-100%), from €3,975 to €0
- Short-term financial debts -€3,316
down €3,316 (-100%), from €3,316 to €0
- Tax, wage and social debts -€2,212
down €2,212 (-84.9%), from €2,607 to €394
- Gross operating margin +€21,108
up €21,108, from -€16,263 to €4,845
- Financial charges -€553
down €553 (-45.8%), from €1,205 to €653
- Depreciation -€502
down €502 (-33.4%), from €1,504 to €1,001
- Other operating charges +€457
up €457 (+52.2%), from €874 to €1,331
- Taxes -€250
down €250 (-52.4%), from €477 to €227
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 | €27,653 | €16,710 | -€10,944 | -39.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €687 | €1,508 | +€821 | +119% |
| Tangible fixed assets | 22/27 | €687 | €1,508 | +€821 | +119% |
| Furniture and vehicles | 24 | €687 | €1,508 | +€821 | +119% |
| Current assets | 29/58 | €26,966 | €15,201 | -€11,765 | -43.6% |
| Amounts receivable within one year | 40/41 | €21,754 | €11,871 | -€9,883 | -45.4% |
| Trade receivables | 40 | €16,356 | €7,093 | -€9,263 | -56.6% |
| Other amounts receivable | 41 | €5,398 | €4,778 | -€620 | -11.5% |
| Cash at bank and in hand | 54/58 | €4,927 | €3,235 | -€1,692 | -34.3% |
| Deferred charges and accrued income | 490/1 | €285 | €95 | -€190 | -66.5% |
| Total equity and liabilities | 10/49 | €27,653 | €16,710 | -€10,944 | -39.6% |
| Equity | 10/15 | -€14,643 | -€13,002 | +€1,641 | +11.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €2,666 | €2,666 | = | 0.0% |
| Distributable reserves | 133 | €2,666 | €2,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,309 | -€18,668 | +€1,641 | +8.1% |
| Amounts payable | 17/49 | €42,297 | €29,712 | -€12,585 | -29.8% |
| Amounts payable after more than one year | 17 | €14,082 | €19,859 | +€5,777 | +41.0% |
| Financial debts | 170/4 | €14,082 | €19,859 | +€5,777 | +41.0% |
| Amounts payable within one year | 42/48 | €24,240 | €9,853 | -€14,387 | -59.4% |
| Financial debts | 43 | €3,316 | €0 | -€3,316 | -100% |
| Credit institutions | 430/8 | €3,316 | €0 | -€3,316 | -100% |
| Trade debts | 44 | €12,317 | €3,459 | -€8,858 | -71.9% |
| Suppliers | 440/4 | €12,317 | €3,459 | -€8,858 | -71.9% |
| Taxes, remuneration and social security | 45 | €2,607 | €394 | -€2,212 | -84.9% |
| Taxes | 450/3 | €2,607 | €394 | -€2,212 | -84.9% |
| Other amounts payable | 47/48 | €6,000 | €6,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,975 | €0 | -€3,975 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,504 | €1,001 | -€502 | -33.4% |
| Other operating charges | 640/8 | €874 | €1,331 | +€457 | +52.2% |
| Gross operating margin | 9900 | -€16,263 | €4,845 | +€21,108 | |
| Operating profit (loss) | 9901 | -€18,641 | €2,513 | +€21,154 | |
| Financial income | 75/76B | €15 | €8 | -€7 | -45.2% |
| Recurring financial income | 75 | €15 | €8 | -€7 | -45.2% |
| Financial charges | 65/66B | €1,205 | €653 | -€553 | -45.8% |
| Recurring financial charges | 65 | €1,205 | €653 | -€553 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,832 | €1,868 | +€21,700 | |
| Income taxes | 67/77 | €477 | €227 | -€250 | -52.4% |
| Profit (loss) for the period | 9904 | -€20,309 | €1,641 | +€21,950 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,309 | €1,641 | +€21,950 |
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.