COORDINATES: 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.
COORDINATES
Largest movements
- Cash +€15,393
up €15,393 (+16.8%), from €91,388 to €106,782
mainly Other debts (+€21,833) and Receivables within one year (+€11,697)
- Receivables within one year -€11,697
down €11,697 (-10.4%), from €112,054 to €100,357
- Other debts +€21,833
up €21,833 (+92.9%), from €23,507 to €45,340
- Reserves -€21,151
down €21,151 (-25.9%), from €81,684 to €60,533
of which Distributable reserves: -€21,151
- Tax, wage and social debts +€4,641
up €4,641 (+126%), from €3,681 to €8,321
- Gross operating margin -€1,039
down €1,039 (-8.1%), from €12,837 to €11,798
- Other operating charges -€183
down €183 (-1.8%), from €10,317 to €10,134
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 | €205,295 | €208,199 | +€2,903 | +1.4% |
| Fixed assets | 21/28 | €1,853 | €855 | -€998 | -53.9% |
| Tangible fixed assets | 22/27 | €1,853 | €855 | -€998 | -53.9% |
| Plant, machinery and equipment | 23 | €828 | €425 | -€404 | -48.7% |
| Furniture and vehicles | 24 | €1,025 | €430 | -€595 | -58.0% |
| Current assets | 29/58 | €203,442 | €207,344 | +€3,902 | +1.9% |
| Amounts receivable within one year | 40/41 | €112,054 | €100,357 | -€11,697 | -10.4% |
| Trade receivables | 40 | €112,054 | €100,357 | -€11,697 | -10.4% |
| Cash at bank and in hand | 54/58 | €91,388 | €106,782 | +€15,393 | +16.8% |
| Deferred charges and accrued income | 490/1 | - | €206 | +€206 | |
| Total equity and liabilities | 10/49 | €205,295 | €208,199 | +€2,903 | +1.4% |
| Equity | 10/15 | €150,987 | €128,774 | -€22,214 | -14.7% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €81,684 | €60,533 | -€21,151 | -25.9% |
| Non-distributable reserves | 130/1 | €7,710 | €7,710 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,710 | €7,710 | = | 0.0% |
| Distributable reserves | 133 | €73,974 | €52,823 | -€21,151 | -28.6% |
| Profit (loss) carried forward | 14 | €4,303 | €3,241 | -€1,062 | -24.7% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €29,308 | €54,425 | +€25,117 | +85.7% |
| Amounts payable within one year | 42/48 | €28,576 | €53,706 | +€25,131 | +87.9% |
| Trade debts | 44 | €1,388 | €45 | -€1,343 | -96.8% |
| Suppliers | 440/4 | €1,388 | €45 | -€1,343 | -96.8% |
| Taxes, remuneration and social security | 45 | €3,681 | €8,321 | +€4,641 | +126% |
| Taxes | 450/3 | €3,681 | €8,321 | +€4,641 | +126% |
| Other amounts payable | 47/48 | €23,507 | €45,340 | +€21,833 | +92.9% |
| Accrued charges and deferred income | 492/3 | €733 | €719 | -€14 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €998 | €998 | = | 0.0% |
| Other operating charges | 640/8 | €10,317 | €10,134 | -€183 | -1.8% |
| Gross operating margin | 9900 | €12,837 | €11,798 | -€1,039 | -8.1% |
| Operating profit (loss) | 9901 | €1,523 | €666 | -€856 | -56.2% |
| Financial income | 75/76B | €59 | €0 | -€59 | -100.0% |
| Recurring financial income | 75 | €59 | €0 | -€59 | -100.0% |
| Financial charges | 65/66B | €1,577 | €1,558 | -€20 | -1.2% |
| Recurring financial charges | 65 | €1,577 | €1,558 | -€20 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €5 | -€891 | -€896 | |
| Income taxes | 67/77 | €175 | €171 | -€4 | -2.2% |
| Profit (loss) for the period | 9904 | -€171 | -€1,062 | -€892 | -523% |
| Profit (loss) for the period to be appropriated | 9905 | -€171 | -€1,062 | -€892 | -523% |
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 29 October 2026 via checked.be.