Conversatie: 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.
Conversatie
Largest movements
- Current investments +€28,500
up €28,500 (+34.5%), from €82,500 to €111,000
- Cash -€9,186
down €9,186 (-100%), from €9,186 to €0
mainly Current investments (-€28,500) and Contributions, distributions and other (-€23,529)
- Tangible fixed assets -€7,379
down €7,379 (-26.5%), from €27,836 to €20,457
- Receivables within one year -€5,690
down €5,690 (-25.4%), from €22,368 to €16,678
of which Other amounts receivable: -€20,000
- Tax, wage and social debts +€7,921
up €7,921 (+80.5%), from €9,839 to €17,760
- Debts after one year -€6,928
down €6,928 (-33.9%), from €20,462 to €13,534
- Other debts +€4,855
up €4,855 (+2,004%), from €242 to €5,097
- Profit (loss) carried forward -€3,954
down €3,954 (-3.8%), from €103,333 to €99,379
- Short-term financial debts +€2,145
up €2,145 (+4,756%), from €45 to €2,190
- Gross operating margin -€11,574
down €11,574 (-24.1%), from €48,005 to €36,432
- Taxes -€586
down €586 (-7.5%), from €7,821 to €7,235
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 | €143,324 | €149,478 | +€6,154 | +4.3% |
| Fixed assets | 21/28 | €27,836 | €20,457 | -€7,379 | -26.5% |
| Tangible fixed assets | 22/27 | €27,836 | €20,457 | -€7,379 | -26.5% |
| Furniture and vehicles | 24 | €27,836 | €20,457 | -€7,379 | -26.5% |
| Current assets | 29/58 | €115,487 | €129,020 | +€13,533 | +11.7% |
| Amounts receivable within one year | 40/41 | €22,368 | €16,678 | -€5,690 | -25.4% |
| Trade receivables | 40 | €2,368 | €16,678 | +€14,310 | +604% |
| Other amounts receivable | 41 | €20,000 | €0 | -€20,000 | -100% |
| Current investments | 50/53 | €82,500 | €111,000 | +€28,500 | +34.5% |
| Cash at bank and in hand | 54/58 | €9,186 | €0 | -€9,186 | -100% |
| Deferred charges and accrued income | 490/1 | €1,434 | €1,343 | -€91 | -6.3% |
| Total equity and liabilities | 10/49 | €143,324 | €149,478 | +€6,154 | +4.3% |
| Equity | 10/15 | €105,333 | €101,379 | -€3,954 | -3.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,333 | €99,379 | -€3,954 | -3.8% |
| Amounts payable | 17/49 | €37,991 | €48,099 | +€10,108 | +26.6% |
| Amounts payable after more than one year | 17 | €20,462 | €13,534 | -€6,928 | -33.9% |
| Financial debts | 170/4 | €20,462 | €13,534 | -€6,928 | -33.9% |
| Amounts payable within one year | 42/48 | €17,529 | €34,564 | +€17,036 | +97.2% |
| Current portion of amounts payable after more than one year | 42 | €6,625 | €6,928 | +€303 | +4.6% |
| Financial debts | 43 | €45 | €2,190 | +€2,145 | +4,756% |
| Credit institutions | 430/8 | €45 | €2,190 | +€2,145 | +4,756% |
| Trade debts | 44 | €778 | €2,589 | +€1,812 | +233% |
| Suppliers | 440/4 | €778 | €2,589 | +€1,812 | +233% |
| Taxes, remuneration and social security | 45 | €9,839 | €17,760 | +€7,921 | +80.5% |
| Taxes | 450/3 | €9,839 | €17,760 | +€7,921 | +80.5% |
| Other amounts payable | 47/48 | €242 | €5,097 | +€4,855 | +2,004% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,379 | €7,379 | +€0 | 0.0% |
| Other operating charges | 640/8 | €847 | €1,016 | +€170 | +20.0% |
| Gross operating margin | 9900 | €48,005 | €36,432 | -€11,574 | -24.1% |
| Operating profit (loss) | 9901 | €39,780 | €28,036 | -€11,743 | -29.5% |
| Financial charges | 65/66B | €1,487 | €1,225 | -€261 | -17.6% |
| Recurring financial charges | 65 | €1,487 | €1,225 | -€261 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | €38,293 | €26,811 | -€11,482 | -30.0% |
| Income taxes | 67/77 | €7,821 | €7,235 | -€586 | -7.5% |
| Profit (loss) for the period | 9904 | €30,471 | €19,576 | -€10,896 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €30,471 | €19,576 | -€10,896 | -35.8% |
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 26 October 2026 via checked.be.