Commonsensical: 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.
Commonsensical
Largest movements
- Cash -€2,596
down €2,596 (-62.7%), from €4,142 to €1,546
mainly Debts after one year (-€3,114) and Net result for the year (-€1,321)
- Stocks and contracts -€2,050
down €2,050 (-18.8%), from €10,919 to €8,870
- Intangible fixed assets -€750
down €750 (-19.3%), from €3,889 to €3,139
- Receivables within one year -€304
down €304 (-22.6%), from €1,350 to €1,045
of which Trade receivables: -€304
- Debts after one year -€3,114
down €3,114 (-34.8%), from €8,955 to €5,841
- Reserves -€1,321
down €1,321 (-34.1%), from €3,871 to €2,551
- Current portion of long-term debt -€437
down €437 (-12.3%), from €3,551 to €3,114
- Trade debts -€417
down €417 (-54.7%), from €762 to €345
- Tax, wage and social debts -€409
down €409 (-78.4%), from €521 to €113
- Gross operating margin +€1,307
up €1,307, from -€1,066 to €241
- Other operating charges +€421
up €421 (+71.6%), from €588 to €1,009
- Write-downs -€407
new in 2025: -€407
- Depreciation -€163
down €163 (-17.1%), from €950 to €787
- Financial charges -€35
down €35 (-16.1%), from €215 to €181
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 | €20,338 | €14,601 | -€5,737 | -28.2% |
| Fixed assets | 21/28 | €3,927 | €3,139 | -€787 | -20.0% |
| Intangible fixed assets | 21 | €3,889 | €3,139 | -€750 | -19.3% |
| Tangible fixed assets | 22/27 | €37 | - | -€37 | |
| Plant, machinery and equipment | 23 | €37 | - | -€37 | |
| Current assets | 29/58 | €16,411 | €11,461 | -€4,950 | -30.2% |
| Stocks and contracts in progress | 3 | €10,919 | €8,870 | -€2,050 | -18.8% |
| Stocks | 30/36 | €10,919 | €8,870 | -€2,050 | -18.8% |
| Amounts receivable within one year | 40/41 | €1,350 | €1,045 | -€304 | -22.6% |
| Trade receivables | 40 | €600 | €295 | -€304 | -50.8% |
| Other amounts receivable | 41 | €750 | €750 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,142 | €1,546 | -€2,596 | -62.7% |
| Total equity and liabilities | 10/49 | €20,338 | €14,601 | -€5,737 | -28.2% |
| Equity | 10/15 | €6,371 | €5,051 | -€1,321 | -20.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €3,871 | €2,551 | -€1,321 | -34.1% |
| Distributable reserves | 133 | €3,871 | €2,551 | -€1,321 | -34.1% |
| Amounts payable | 17/49 | €13,966 | €9,550 | -€4,416 | -31.6% |
| Amounts payable after more than one year | 17 | €8,955 | €5,841 | -€3,114 | -34.8% |
| Financial debts | 170/4 | €8,955 | €5,841 | -€3,114 | -34.8% |
| Amounts payable within one year | 42/48 | €4,904 | €3,641 | -€1,263 | -25.8% |
| Current portion of amounts payable after more than one year | 42 | €3,551 | €3,114 | -€437 | -12.3% |
| Trade debts | 44 | €762 | €345 | -€417 | -54.7% |
| Suppliers | 440/4 | €762 | €345 | -€417 | -54.7% |
| Taxes, remuneration and social security | 45 | €521 | €113 | -€409 | -78.4% |
| Taxes | 450/3 | €521 | €113 | -€409 | -78.4% |
| Other amounts payable | 47/48 | €69 | €69 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €107 | €68 | -€39 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €950 | €787 | -€163 | -17.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€407 | -€407 | |
| Other operating charges | 640/8 | €588 | €1,009 | +€421 | +71.6% |
| Gross operating margin | 9900 | -€1,066 | €241 | +€1,307 | |
| Operating profit (loss) | 9901 | -€2,605 | -€1,149 | +€1,456 | +55.9% |
| Financial income | 75/76B | €34 | €9 | -€25 | -73.3% |
| Recurring financial income | 75 | €34 | €9 | -€25 | -73.3% |
| Financial charges | 65/66B | €215 | €181 | -€35 | -16.1% |
| Recurring financial charges | 65 | €215 | €181 | -€35 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,786 | -€1,321 | +€1,465 | +52.6% |
| Profit (loss) for the period | 9904 | -€2,786 | -€1,321 | +€1,465 | +52.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,786 | -€1,321 | +€1,465 | +52.6% |
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.