Consider: 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.
Consider
Largest movements
- Cash -€24,297
down €24,297 (-25.3%), from €96,167 to €71,870
mainly Other debts (-€59,813) and Net result for the year (-€26,014)
- Tangible fixed assets -€17,858
down €17,858 (-39.2%), from €45,534 to €27,676
of which Furniture and vehicles: -€13,253
- Other debts -€59,813
down €59,813 (-99.7%), from €59,985 to €172
- Debts after one year +€50,803
up €50,803 (+648.5%), from €7,834 to €58,637
of which Other amounts payable: +€55,000
- Reserves -€26,014
down €26,014 (-49.0%), from €53,074 to €27,060
- Trade debts -€5,079
down €5,079 (-94.3%), from €5,385 to €307
- Gross operating margin -€74,571
down €74,571, from €68,470 to -€6,102
- Taxes -€12,549
down €12,549 (-98.5%), from €12,734 to €186
- Depreciation +€10,184
up €10,184 (+132.7%), from €7,674 to €17,858
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 | €155,268 | €113,567 | -€41,701 | -26.9% |
| Fixed assets | 21/28 | €45,534 | €27,676 | -€17,858 | -39.2% |
| Tangible fixed assets | 22/27 | €45,534 | €27,676 | -€17,858 | -39.2% |
| Furniture and vehicles | 24 | €26,372 | €13,119 | -€13,253 | -50.3% |
| Leasing and similar rights | 25 | €1,309 | €0 | -€1,309 | -100.0% |
| Other tangible fixed assets | 26 | €17,853 | €14,557 | -€3,296 | -18.5% |
| Current assets | 29/58 | €109,735 | €85,891 | -€23,844 | -21.7% |
| Amounts receivable within one year | 40/41 | €12,633 | €13,330 | +€697 | +5.5% |
| Trade receivables | 40 | €8,975 | €8,516 | -€459 | -5.1% |
| Other amounts receivable | 41 | €3,658 | €4,814 | +€1,156 | +31.6% |
| Cash at bank and in hand | 54/58 | €96,167 | €71,870 | -€24,297 | -25.3% |
| Deferred charges and accrued income | 490/1 | €934 | €691 | -€244 | -26.1% |
| Total equity and liabilities | 10/49 | €155,268 | €113,567 | -€41,701 | -26.9% |
| Equity | 10/15 | €73,074 | €47,060 | -€26,014 | -35.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €53,074 | €27,060 | -€26,014 | -49.0% |
| Distributable reserves | 133 | €53,074 | €27,060 | -€26,014 | -49.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €82,195 | €66,507 | -€15,688 | -19.1% |
| Amounts payable after more than one year | 17 | €7,834 | €58,637 | +€50,803 | +648.5% |
| Financial debts | 170/4 | €7,834 | €3,637 | -€4,197 | -53.6% |
| Other amounts payable | 178/9 | - | €55,000 | +€55,000 | |
| Amounts payable within one year | 42/48 | €73,881 | €7,870 | -€66,011 | -89.3% |
| Current portion of amounts payable after more than one year | 42 | €5,287 | €4,197 | -€1,091 | -20.6% |
| Trade debts | 44 | €5,385 | €307 | -€5,079 | -94.3% |
| Suppliers | 440/4 | €5,385 | €307 | -€5,079 | -94.3% |
| Taxes, remuneration and social security | 45 | €3,224 | €3,195 | -€29 | -0.9% |
| Taxes | 450/3 | €3,224 | €3,195 | -€29 | -0.9% |
| Other amounts payable | 47/48 | €59,985 | €172 | -€59,813 | -99.7% |
| Accrued charges and deferred income | 492/3 | €480 | €0 | -€480 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,674 | €17,858 | +€10,184 | +132.7% |
| Other operating charges | 640/8 | €661 | €643 | -€18 | -2.7% |
| Gross operating margin | 9900 | €68,470 | -€6,102 | -€74,571 | |
| Operating profit (loss) | 9901 | €60,135 | -€24,603 | -€84,738 | |
| Financial income | 75/76B | €0 | €5 | +€5 | +50000.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +50000.0% |
| Financial charges | 65/66B | €1,323 | €1,230 | -€93 | -7.0% |
| Recurring financial charges | 65 | €1,323 | €1,230 | -€93 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €58,811 | -€25,828 | -€84,639 | |
| Income taxes | 67/77 | €12,734 | €186 | -€12,549 | -98.5% |
| Profit (loss) for the period | 9904 | €46,077 | -€26,014 | -€72,091 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,077 | -€26,014 | -€72,091 |
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 2 October 2026 via checked.be.