Complex: 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.
Complex
Largest movements
- Tangible fixed assets -€14,625
down €14,625 (-12.3%), from €118,809 to €104,184
of which Land and buildings: -€11,839
- Receivables within one year -€1,957
no longer reported in 2025 (was €1,957)
- Profit (loss) carried forward -€57,488
down €57,488 (-191%), from -€30,141 to -€87,629
- Other debts +€24,499
up €24,499 (+253%), from €9,665 to €34,164
- Short-term financial debts +€9,006
up €9,006 (+181%), from €4,988 to €13,994
- Trade debts +€7,135
up €7,135 (+66.0%), from €10,810 to €17,945
- Advances received +€5,000
new in 2025: €5,000
- Gross operating margin -€26,710
down €26,710 (-339%), from -€7,882 to -€34,592
- Financial charges +€1,155
up €1,155 (+204%), from €565 to €1,720
- Other operating charges -€569
down €569 (-11.5%), from €4,962 to €4,393
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 | €121,505 | €104,837 | -€16,668 | -13.7% |
| Fixed assets | 21/28 | €118,809 | €104,184 | -€14,625 | -12.3% |
| Tangible fixed assets | 22/27 | €118,809 | €104,184 | -€14,625 | -12.3% |
| Land and buildings | 22 | €102,230 | €90,391 | -€11,839 | -11.6% |
| Plant, machinery and equipment | 23 | €14,340 | €12,074 | -€2,267 | -15.8% |
| Furniture and vehicles | 24 | €2,239 | €1,720 | -€519 | -23.2% |
| Current assets | 29/58 | €2,696 | €653 | -€2,043 | -75.8% |
| Amounts receivable within one year | 40/41 | €1,957 | - | -€1,957 | |
| Other amounts receivable | 41 | €1,957 | - | -€1,957 | |
| Cash at bank and in hand | 54/58 | €109 | - | -€109 | |
| Deferred charges and accrued income | 490/1 | €630 | €653 | +€23 | +3.7% |
| Total equity and liabilities | 10/49 | €121,505 | €104,837 | -€16,668 | -13.7% |
| Equity | 10/15 | €90,944 | €33,456 | -€57,488 | -63.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €59,085 | €59,085 | = | 0.0% |
| Tax-exempt reserves | 132 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €58,465 | €58,465 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,141 | -€87,629 | -€57,488 | -191% |
| Amounts payable | 17/49 | €30,561 | €71,382 | +€40,820 | +134% |
| Amounts payable within one year | 42/48 | €30,561 | €71,382 | +€40,820 | +134% |
| Financial debts | 43 | €4,988 | €13,994 | +€9,006 | +181% |
| Credit institutions | 430/8 | €4,988 | €13,994 | +€9,006 | +181% |
| Trade debts | 44 | €10,810 | €17,945 | +€7,135 | +66.0% |
| Suppliers | 440/4 | €10,810 | €17,945 | +€7,135 | +66.0% |
| Advances received on contracts in progress | 46 | - | €5,000 | +€5,000 | |
| Taxes, remuneration and social security | 45 | €5,099 | €279 | -€4,820 | -94.5% |
| Taxes | 450/3 | €5,099 | €279 | -€4,820 | -94.5% |
| Other amounts payable | 47/48 | €9,665 | €34,164 | +€24,499 | +253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,689 | €16,503 | -€185 | -1.1% |
| Other operating charges | 640/8 | €4,962 | €4,393 | -€569 | -11.5% |
| Gross operating margin | 9900 | -€7,882 | -€34,592 | -€26,710 | -339% |
| Operating profit (loss) | 9901 | -€29,533 | -€55,489 | -€25,956 | -87.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €565 | €1,720 | +€1,155 | +204% |
| Recurring financial charges | 65 | €565 | €1,720 | +€1,155 | +204% |
| Profit (loss) for the period before taxes | 9903 | -€30,098 | -€57,209 | -€27,111 | -90.1% |
| Income taxes | 67/77 | €43 | €279 | +€236 | +551% |
| Profit (loss) for the period | 9904 | -€30,141 | -€57,488 | -€27,347 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,141 | -€57,488 | -€27,347 | -90.7% |
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 20 October 2026 via checked.be.