CONCEPT 4: 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.
CONCEPT 4
Largest movements
- Receivables within one year -€64,314
down €64,314 (-60.8%), from €105,827 to €41,513
of which Trade receivables: -€66,577
- Cash +€2,248
up €2,248 (+23.2%), from €9,709 to €11,957
mainly Receivables within one year (+€64,314) and Net result for the year (+€2,569)
- Trade debts -€64,944
down €64,944 (-99.3%), from €65,401 to €457
- Profit (loss) carried forward +€2,569
up €2,569 (+6.7%), from €38,239 to €40,808
- Gross operating margin -€3,441
down €3,441 (-41.9%), from €8,215 to €4,774
- Taxes -€1,047
down €1,047 (-52.8%), from €1,982 to €935
- Other operating charges +€452
up €452 (+116.8%), from €387 to €840
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 | €115,653 | €53,470 | -€62,182 | -53.8% |
| Fixed assets | 21/28 | €116 | - | -€116 | |
| Tangible fixed assets | 22/27 | €116 | - | -€116 | |
| Furniture and vehicles | 24 | €116 | - | -€116 | |
| Current assets | 29/58 | €115,537 | €53,470 | -€62,066 | -53.7% |
| Amounts receivable within one year | 40/41 | €105,827 | €41,513 | -€64,314 | -60.8% |
| Trade receivables | 40 | €98,774 | €32,198 | -€66,577 | -67.4% |
| Other amounts receivable | 41 | €7,053 | €9,315 | +€2,262 | +32.1% |
| Cash at bank and in hand | 54/58 | €9,709 | €11,957 | +€2,248 | +23.2% |
| Total equity and liabilities | 10/49 | €115,653 | €53,470 | -€62,182 | -53.8% |
| Equity | 10/15 | €46,299 | €48,868 | +€2,569 | +5.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,239 | €40,808 | +€2,569 | +6.7% |
| Amounts payable | 17/49 | €69,353 | €4,602 | -€64,751 | -93.4% |
| Amounts payable within one year | 42/48 | €68,703 | €3,952 | -€64,751 | -94.2% |
| Trade debts | 44 | €65,401 | €457 | -€64,944 | -99.3% |
| Suppliers | 440/4 | €65,401 | €457 | -€64,944 | -99.3% |
| Taxes, remuneration and social security | 45 | €2,724 | €2,918 | +€193 | +7.1% |
| Taxes | 450/3 | €2,724 | €2,918 | +€193 | +7.1% |
| Other amounts payable | 47/48 | €577 | €577 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €650 | €650 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €116 | -€76 | -39.6% |
| Other operating charges | 640/8 | €387 | €840 | +€452 | +116.8% |
| Gross operating margin | 9900 | €8,215 | €4,774 | -€3,441 | -41.9% |
| Operating profit (loss) | 9901 | €7,635 | €3,818 | -€3,817 | -50.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €361 | €315 | -€47 | -12.9% |
| Recurring financial charges | 65 | €361 | €315 | -€47 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €7,275 | €3,504 | -€3,771 | -51.8% |
| Income taxes | 67/77 | €1,982 | €935 | -€1,047 | -52.8% |
| Profit (loss) for the period | 9904 | €5,293 | €2,569 | -€2,724 | -51.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,293 | €2,569 | -€2,724 | -51.5% |
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 9 October 2026 via checked.be.