Continuous Improvment Tool: 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.
Continuous Improvment Tool
Largest movements
- Receivables within one year -€43,690
down €43,690 (-21.8%), from €200,582 to €156,891
of which Trade receivables: -€43,690
- Cash +€2,184
up €2,184 (+1,004%), from €218 to €2,402
mainly Receivables within one year (+€43,690) and Other debts (+€20,100)
- Trade debts -€37,601
down €37,601 (-92.0%), from €40,875 to €3,275
- Profit (loss) carried forward -€33,197
down €33,197 (-59.4%), from -€55,932 to -€89,128
- Other debts +€20,100
up €20,100 (+11.3%), from €178,000 to €198,100
- Tax, wage and social debts +€8,278
up €8,278 (+36.9%), from €22,452 to €30,730
- Gross operating margin -€79,408
down €79,408, from €41,796 to -€37,612
- Taxes -€10,422
down €10,422, from €0 to -€10,422
- Staff costs -€1,416
down €1,416 (-100%), from €1,416 to €0
- Financial charges -€1,406
down €1,406 (-20.0%), from €7,012 to €5,607
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 | €200,799 | €159,293 | -€41,506 | -20.7% |
| Current assets | 29/58 | €200,799 | €159,293 | -€41,506 | -20.7% |
| Amounts receivable within one year | 40/41 | €200,582 | €156,891 | -€43,690 | -21.8% |
| Trade receivables | 40 | €200,582 | €156,891 | -€43,690 | -21.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €218 | €2,402 | +€2,184 | +1,004% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €200,799 | €159,293 | -€41,506 | -20.7% |
| Equity | 10/15 | -€46,072 | -€79,268 | -€33,197 | -72.1% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,932 | -€89,128 | -€33,197 | -59.4% |
| Amounts payable | 17/49 | €246,871 | €238,561 | -€8,309 | -3.4% |
| Amounts payable within one year | 42/48 | €241,327 | €232,105 | -€9,223 | -3.8% |
| Trade debts | 44 | €40,875 | €3,275 | -€37,601 | -92.0% |
| Suppliers | 440/4 | €40,875 | €3,275 | -€37,601 | -92.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €22,452 | €30,730 | +€8,278 | +36.9% |
| Taxes | 450/3 | €22,452 | €30,730 | +€8,278 | +36.9% |
| Other amounts payable | 47/48 | €178,000 | €198,100 | +€20,100 | +11.3% |
| Accrued charges and deferred income | 492/3 | €5,544 | €6,457 | +€913 | +16.5% |
| Remuneration, social security and pensions | 62 | €1,416 | €0 | -€1,416 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | €41,796 | -€37,612 | -€79,408 | |
| Operating profit (loss) | 9901 | €40,380 | -€38,012 | -€78,392 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €7,012 | €5,607 | -€1,406 | -20.0% |
| Recurring financial charges | 65 | €7,012 | €5,607 | -€1,406 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €33,368 | -€43,618 | -€76,986 | |
| Income taxes | 67/77 | €0 | -€10,422 | -€10,422 | |
| Profit (loss) for the period | 9904 | €33,368 | -€33,197 | -€66,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,368 | -€33,197 | -€66,565 |
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 14 October 2026 via checked.be.