COMMON GROUND: 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.
COMMON GROUND
Largest movements
- Cash -€197,234
down €197,234 (-82.7%), from €238,495 to €41,261
mainly Other debts (-€170,000) and Trade debts (-€138,861)
- Receivables within one year -€54,249
down €54,249 (-6.9%), from €790,829 to €736,580
of which Trade receivables: -€87,727
- Intangible fixed assets +€19,078
new in 2025: €19,078
- Debts after one year +€170,000
new in 2025: €170,000
- Other debts -€170,000
down €170,000 (-100.0%), from €170,000 to €0
- Trade debts -€138,861
down €138,861 (-29.1%), from €476,677 to €337,817
- Reserves -€43,800
down €43,800 (-15.7%), from €278,939 to €235,139
of which Distributable reserves: -€43,800
- Tax, wage and social debts -€35,113
down €35,113 (-18.0%), from €194,872 to €159,759
of which Taxes: -€56,856
- Gross operating margin +€96,274
up €96,274 (+8.0%), from €1.2m to €1.3m
- Taxes -€30,007
down €30,007, from €15,007 to -€15,000
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 | €1,185,725 | €954,482 | -€231,243 | -19.5% |
| Fixed assets | 21/28 | €116,718 | €138,641 | +€21,923 | +18.8% |
| Intangible fixed assets | 21 | - | €19,078 | +€19,078 | |
| Tangible fixed assets | 22/27 | €7,881 | €11,670 | +€3,790 | +48.1% |
| Plant, machinery and equipment | 23 | €3,147 | €9,538 | +€6,391 | +203.1% |
| Furniture and vehicles | 24 | €4,734 | €2,132 | -€2,602 | -55.0% |
| Financial fixed assets | 28 | €108,837 | €107,892 | -€945 | -0.9% |
| Current assets | 29/58 | €1,069,007 | €815,841 | -€253,166 | -23.7% |
| Amounts receivable within one year | 40/41 | €790,829 | €736,580 | -€54,249 | -6.9% |
| Trade receivables | 40 | €777,294 | €689,567 | -€87,727 | -11.3% |
| Other amounts receivable | 41 | €13,535 | €47,013 | +€33,479 | +247.4% |
| Cash at bank and in hand | 54/58 | €238,495 | €41,261 | -€197,234 | -82.7% |
| Deferred charges and accrued income | 490/1 | €39,684 | €38,000 | -€1,683 | -4.2% |
| Total equity and liabilities | 10/49 | €1,185,725 | €954,482 | -€231,243 | -19.5% |
| Equity | 10/15 | €328,939 | €285,139 | -€43,800 | -13.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €278,939 | €235,139 | -€43,800 | -15.7% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €273,939 | €230,139 | -€43,800 | -16.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €856,786 | €669,343 | -€187,443 | -21.9% |
| Amounts payable after more than one year | 17 | - | €170,000 | +€170,000 | |
| Financial debts | 170/4 | - | €170,000 | +€170,000 | |
| Amounts payable within one year | 42/48 | €844,008 | €498,072 | -€345,936 | -41.0% |
| Financial debts | 43 | €2,458 | €496 | -€1,962 | -79.8% |
| Credit institutions | 430/8 | €2,458 | €496 | -€1,962 | -79.8% |
| Trade debts | 44 | €476,677 | €337,817 | -€138,861 | -29.1% |
| Suppliers | 440/4 | €476,677 | €337,817 | -€138,861 | -29.1% |
| Taxes, remuneration and social security | 45 | €194,872 | €159,759 | -€35,113 | -18.0% |
| Taxes | 450/3 | €75,907 | €19,051 | -€56,856 | -74.9% |
| Remuneration and social security | 454/9 | €118,965 | €140,707 | +€21,742 | +18.3% |
| Other amounts payable | 47/48 | €170,000 | €0 | -€170,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €12,778 | €1,271 | -€11,507 | -90.1% |
| Remuneration, social security and pensions | 62 | €1,366,620 | €1,355,752 | -€10,868 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,251 | €6,223 | -€3,029 | -32.7% |
| Other operating charges | 640/8 | €2,709 | €906 | -€1,802 | -66.5% |
| Gross operating margin | 9900 | €1,210,228 | €1,306,502 | +€96,274 | +8.0% |
| Operating profit (loss) | 9901 | -€168,352 | -€56,379 | +€111,973 | +66.5% |
| Financial income | 75/76B | €186 | €435 | +€249 | +134.1% |
| Recurring financial income | 75 | €186 | €435 | +€249 | +134.1% |
| Financial charges | 65/66B | €3,431 | €2,856 | -€575 | -16.8% |
| Recurring financial charges | 65 | €3,431 | €2,856 | -€575 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€171,598 | -€58,800 | +€112,798 | +65.7% |
| Income taxes | 67/77 | €15,007 | -€15,000 | -€30,007 | |
| Profit (loss) for the period | 9904 | -€186,605 | -€43,800 | +€142,805 | +76.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€186,605 | -€43,800 | +€142,805 | +76.5% |
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.