CONCEPT ONE: what changed
Two fiscal 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 ONE
Largest movements
- Receivables within one year -€17,889
down €17,889 (-95.3%), from €18,764 to €875
of which Trade receivables: -€14,152
- Cash -€4,437
down €4,437 (-99.1%), from €4,478 to €40
mainly Net result for the year (-€25,677) and Trade debts (-€2,179)
- Tangible fixed assets -€548
down €548 (-40.7%), from €1,346 to €799
- Deferred charges and accrued income -€266
no longer reported in 2025 (was €266)
- Profit (loss) carried forward -€25,677
down €25,677, from €7,504 to -€18,173
- Tax, wage and social debts +€3,032
up €3,032 (+68.8%), from €4,404 to €7,436
- Trade debts -€2,179
down €2,179 (-19.9%), from €10,947 to €8,768
- Other debts +€1,684
new in 2025: €1,684
- Gross operating margin -€35,058
down €35,058, from €12,797 to -€22,261
- Taxes -€2,372
down €2,372 (-53.9%), from €4,404 to €2,032
- Other operating charges +€451
up €451 (+306.7%), from €147 to €599
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 | €24,854 | €1,714 | -€23,141 | -93.1% |
| Fixed assets | 21/28 | €1,346 | €799 | -€548 | -40.7% |
| Tangible fixed assets | 22/27 | €1,346 | €799 | -€548 | -40.7% |
| Furniture and vehicles | 24 | €1,346 | €799 | -€548 | -40.7% |
| Current assets | 29/58 | €23,508 | €915 | -€22,593 | -96.1% |
| Amounts receivable within one year | 40/41 | €18,764 | €875 | -€17,889 | -95.3% |
| Trade receivables | 40 | €15,027 | €875 | -€14,152 | -94.2% |
| Other amounts receivable | 41 | €3,737 | - | -€3,737 | |
| Cash at bank and in hand | 54/58 | €4,478 | €40 | -€4,437 | -99.1% |
| Deferred charges and accrued income | 490/1 | €266 | - | -€266 | |
| Total equity and liabilities | 10/49 | €24,854 | €1,714 | -€23,141 | -93.1% |
| Equity | 10/15 | €9,504 | -€16,173 | -€25,677 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,504 | -€18,173 | -€25,677 | |
| Amounts payable | 17/49 | €15,351 | €17,887 | +€2,537 | +16.5% |
| Amounts payable within one year | 42/48 | €15,351 | €17,887 | +€2,537 | +16.5% |
| Trade debts | 44 | €10,947 | €8,768 | -€2,179 | -19.9% |
| Suppliers | 440/4 | €10,947 | €8,768 | -€2,179 | -19.9% |
| Taxes, remuneration and social security | 45 | €4,404 | €7,436 | +€3,032 | +68.8% |
| Taxes | 450/3 | €4,404 | €7,436 | +€3,032 | +68.8% |
| Other amounts payable | 47/48 | - | €1,684 | +€1,684 | |
| Remuneration, social security and pensions | 62 | €213 | €83 | -€129 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €450 | €548 | +€98 | +21.8% |
| Other operating charges | 640/8 | €147 | €599 | +€451 | +306.7% |
| Gross operating margin | 9900 | €12,797 | -€22,261 | -€35,058 | |
| Operating profit (loss) | 9901 | €11,988 | -€23,491 | -€35,478 | |
| Financial charges | 65/66B | €80 | €154 | +€74 | +92.7% |
| Recurring financial charges | 65 | €80 | €154 | +€74 | +92.7% |
| Profit (loss) for the period before taxes | 9903 | €11,908 | -€23,645 | -€35,553 | |
| Income taxes | 67/77 | €4,404 | €2,032 | -€2,372 | -53.9% |
| Profit (loss) for the period | 9904 | €7,504 | -€25,677 | -€33,181 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,504 | -€25,677 | -€33,181 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.