CO@CHANGE: 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.
CO@CHANGE
Largest movements
- Receivables within one year -€7,513
down €7,513 (-20.6%), from €36,406 to €28,894
of which Other amounts receivable: -€9,256
- Deferred charges and accrued income -€5,180
down €5,180 (-98.6%), from €5,253 to €73
- Tangible fixed assets -€4,449
down €4,449 (-41.5%), from €10,718 to €6,269
- Cash +€3,787
up €3,787 (+43.5%), from €8,703 to €12,489
mainly Net result for the year (+€10,740) and Receivables within one year (+€7,513)
- Tax, wage and social debts -€13,873
down €13,873 (-78.2%), from €17,735 to €3,861
of which Taxes: -€11,702
- Profit (loss) carried forward +€10,740
up €10,740 (+67.9%), from €15,820 to €26,561
- Advances received -€8,763
no longer reported in 2025 (was €8,763)
- Debts after one year -€3,526
down €3,526 (-70.3%), from €5,016 to €1,490
- Trade debts +€1,999
up €1,999 (+48.9%), from €4,088 to €6,086
- Gross operating margin +€20,054
up €20,054 (+13955.5%), from €144 to €20,198
- Taxes +€3,942
up €3,942 (+5414.6%), from €73 to €4,015
- Financial charges +€830
up €830 (+144.2%), from €575 to €1,405
- Depreciation +€430
up €430 (+10.7%), from €4,019 to €4,449
- Other operating charges -€362
down €362 (-38.4%), from €945 to €582
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 | €61,080 | €47,725 | -€13,355 | -21.9% |
| Fixed assets | 21/28 | €10,718 | €6,269 | -€4,449 | -41.5% |
| Tangible fixed assets | 22/27 | €10,718 | €6,269 | -€4,449 | -41.5% |
| Furniture and vehicles | 24 | €10,718 | €6,269 | -€4,449 | -41.5% |
| Current assets | 29/58 | €50,362 | €41,456 | -€8,906 | -17.7% |
| Amounts receivable within one year | 40/41 | €36,406 | €28,894 | -€7,513 | -20.6% |
| Trade receivables | 40 | €12,818 | €14,561 | +€1,743 | +13.6% |
| Other amounts receivable | 41 | €23,588 | €14,332 | -€9,256 | -39.2% |
| Cash at bank and in hand | 54/58 | €8,703 | €12,489 | +€3,787 | +43.5% |
| Deferred charges and accrued income | 490/1 | €5,253 | €73 | -€5,180 | -98.6% |
| Total equity and liabilities | 10/49 | €61,080 | €47,725 | -€13,355 | -21.9% |
| Equity | 10/15 | €22,020 | €32,761 | +€10,740 | +48.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,820 | €26,561 | +€10,740 | +67.9% |
| Amounts payable | 17/49 | €39,060 | €14,964 | -€24,095 | -61.7% |
| Amounts payable after more than one year | 17 | €5,016 | €1,490 | -€3,526 | -70.3% |
| Financial debts | 170/4 | €5,016 | €1,490 | -€3,526 | -70.3% |
| Amounts payable within one year | 42/48 | €34,043 | €13,474 | -€20,569 | -60.4% |
| Current portion of amounts payable after more than one year | 42 | €3,458 | €3,526 | +€69 | +2.0% |
| Trade debts | 44 | €4,088 | €6,086 | +€1,999 | +48.9% |
| Suppliers | 440/4 | €4,088 | €6,086 | +€1,999 | +48.9% |
| Advances received on contracts in progress | 46 | €8,763 | - | -€8,763 | |
| Taxes, remuneration and social security | 45 | €17,735 | €3,861 | -€13,873 | -78.2% |
| Taxes | 450/3 | €15,563 | €3,861 | -€11,702 | -75.2% |
| Remuneration and social security | 454/9 | €2,171 | - | -€2,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,019 | €4,449 | +€430 | +10.7% |
| Other operating charges | 640/8 | €945 | €582 | -€362 | -38.4% |
| Non-recurring operating charges | 66A | €1,298 | - | -€1,298 | |
| Gross operating margin | 9900 | €144 | €20,198 | +€20,054 | +13955.5% |
| Operating profit (loss) | 9901 | -€6,117 | €15,166 | +€21,284 | |
| Financial income | 75/76B | €1,327 | €995 | -€332 | -25.0% |
| Recurring financial income | 75 | €1,327 | €995 | -€332 | -25.0% |
| Financial charges | 65/66B | €575 | €1,405 | +€830 | +144.2% |
| Recurring financial charges | 65 | €575 | €1,405 | +€830 | +144.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,366 | €14,756 | +€20,122 | |
| Income taxes | 67/77 | €73 | €4,015 | +€3,942 | +5414.6% |
| Profit (loss) for the period | 9904 | -€5,439 | €10,740 | +€16,179 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,439 | €10,740 | +€16,179 |
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 10 October 2026 via checked.be.