COPY PRINT JP: 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.
COPY PRINT JP
Largest movements
- Cash -€45,231
down €45,231 (-85.1%), from €53,141 to €7,910
mainly Net result for the year (-€27,388) and Debts after one year (-€16,600)
- Receivables within one year +€6,403
up €6,403 (+80.2%), from €7,985 to €14,387
of which Other amounts receivable: +€5,094
- Tangible fixed assets +€5,242
up €5,242 (+109.6%), from €4,782 to €10,024
of which Other tangible fixed assets: +€3,353
- Deferred charges and accrued income -€2,368
down €2,368 (-64.2%), from €3,691 to €1,323
- Reserves -€27,388
down €27,388 (-66.0%), from €41,527 to €14,139
- Debts after one year -€16,600
down €16,600 (-36.2%), from €45,912 to €29,311
of which Other amounts payable: -€40,000
- Current portion of long-term debt +€5,394
up €5,394 (+61.2%), from €8,812 to €14,206
- Short-term financial debts +€5,031
up €5,031 (+251.6%), from €2,000 to €7,031
- Tax, wage and social debts -€3,686
down €3,686 (-13.7%), from €26,990 to €23,304
of which Taxes: -€2,873
- Turnover +€373,292
new in 2025: €373,292
- Purchases and services +€283,839
new in 2025: €283,839
- Gross operating margin -€33,702
down €33,702 (-26.8%), from €125,929 to €92,228
- Staff costs +€18,108
up €18,108 (+19.1%), from €95,006 to €113,114
- Other operating charges -€10,743
down €10,743 (-89.7%), from €11,981 to €1,239
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 | €155,356 | €120,320 | -€35,036 | -22.6% |
| Fixed assets | 21/28 | €13,982 | €19,224 | +€5,242 | +37.5% |
| Tangible fixed assets | 22/27 | €4,782 | €10,024 | +€5,242 | +109.6% |
| Plant, machinery and equipment | 23 | €1,144 | €1,326 | +€182 | +15.9% |
| Furniture and vehicles | 24 | €2,212 | €3,919 | +€1,707 | +77.2% |
| Other tangible fixed assets | 26 | €1,425 | €4,778 | +€3,353 | +235.2% |
| Financial fixed assets | 28 | €9,200 | €9,200 | = | 0.0% |
| Current assets | 29/58 | €141,374 | €101,097 | -€40,277 | -28.5% |
| Stocks and contracts in progress | 3 | €76,557 | €77,476 | +€919 | +1.2% |
| Stocks | 30/36 | €76,557 | €77,476 | +€919 | +1.2% |
| Amounts receivable within one year | 40/41 | €7,985 | €14,387 | +€6,403 | +80.2% |
| Trade receivables | 40 | €7,211 | €8,519 | +€1,308 | +18.1% |
| Other amounts receivable | 41 | €774 | €5,868 | +€5,094 | +658.4% |
| Cash at bank and in hand | 54/58 | €53,141 | €7,910 | -€45,231 | -85.1% |
| Deferred charges and accrued income | 490/1 | €3,691 | €1,323 | -€2,368 | -64.2% |
| Total equity and liabilities | 10/49 | €155,356 | €120,320 | -€35,036 | -22.6% |
| Equity | 10/15 | €61,527 | €34,139 | -€27,388 | -44.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €41,527 | €14,139 | -€27,388 | -66.0% |
| Distributable reserves | 133 | €41,527 | €14,139 | -€27,388 | -66.0% |
| Amounts payable | 17/49 | €93,829 | €86,182 | -€7,647 | -8.2% |
| Amounts payable after more than one year | 17 | €45,912 | €29,311 | -€16,600 | -36.2% |
| Financial debts | 170/4 | €5,912 | €29,311 | +€23,400 | +395.8% |
| Other amounts payable | 178/9 | €40,000 | - | -€40,000 | |
| Amounts payable within one year | 42/48 | €47,918 | €56,268 | +€8,350 | +17.4% |
| Current portion of amounts payable after more than one year | 42 | €8,812 | €14,206 | +€5,394 | +61.2% |
| Financial debts | 43 | €2,000 | €7,031 | +€5,031 | +251.6% |
| Credit institutions | 430/8 | €2,000 | €7,031 | +€5,031 | +251.6% |
| Trade debts | 44 | €8,866 | €10,977 | +€2,111 | +23.8% |
| Suppliers | 440/4 | €8,866 | €10,977 | +€2,111 | +23.8% |
| Taxes, remuneration and social security | 45 | €26,990 | €23,304 | -€3,686 | -13.7% |
| Taxes | 450/3 | €13,350 | €10,477 | -€2,873 | -21.5% |
| Remuneration and social security | 454/9 | €13,640 | €12,827 | -€813 | -6.0% |
| Other amounts payable | 47/48 | €1,250 | €750 | -€500 | -40.0% |
| Accrued charges and deferred income | 492/3 | - | €602 | +€602 | |
| Turnover | 70 | - | €373,292 | +€373,292 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €283,839 | +€283,839 | |
| Remuneration, social security and pensions | 62 | €95,006 | €113,114 | +€18,108 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,134 | €2,717 | -€2,417 | -47.1% |
| Other operating charges | 640/8 | €11,981 | €1,239 | -€10,743 | -89.7% |
| Gross operating margin | 9900 | €125,929 | €92,228 | -€33,702 | -26.8% |
| Operating profit (loss) | 9901 | €13,808 | -€24,842 | -€38,650 | |
| Financial income | 75/76B | €6,029 | €403 | -€5,626 | -93.3% |
| Recurring financial income | 75 | €6,029 | €403 | -€5,626 | -93.3% |
| Financial charges | 65/66B | €1,931 | €2,775 | +€845 | +43.8% |
| Recurring financial charges | 65 | €1,931 | €2,775 | +€845 | +43.8% |
| Profit (loss) for the period before taxes | 9903 | €17,907 | -€27,214 | -€45,120 | |
| Income taxes | 67/77 | €5,269 | €174 | -€5,094 | -96.7% |
| Profit (loss) for the period | 9904 | €12,638 | -€27,388 | -€40,026 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,638 | -€27,388 | -€40,026 |
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 12 October 2026 via checked.be.