CORPORATE EDGE: 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.
CORPORATE EDGE
Largest movements
- Tangible fixed assets +€163,782
up €163,782 (+16.8%), from €976,250 to €1.1m
of which Furniture and vehicles: +€225,084
- Cash -€33,985
down €33,985 (-79.2%), from €42,929 to €8,945
mainly Investment in fixed assets (net) (-€315,066) and Net result for the year (-€141,820)
- Other debts +€277,213
up €277,213 (+13.2%), from €2.1m to €2.4m
- Profit (loss) carried forward -€141,820
down €141,820 (-13.5%), from -€1.1m to -€1.2m
- Depreciation +€36,942
up €36,942 (+32.3%), from €114,342 to €151,284
- Gross operating margin +€15,117
up €15,117, from -€3,057 to €12,060
- Financial income -€12,755
no longer reported in 2025 (was €12,755)
of which Financial income: -€12,755
- Other operating charges -€1,859
down €1,859 (-44.0%), from €4,229 to €2,370
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 | €1,060,873 | €1,192,464 | +€131,591 | +12.4% |
| Fixed assets | 21/28 | €982,550 | €1,146,332 | +€163,782 | +16.7% |
| Tangible fixed assets | 22/27 | €976,250 | €1,140,032 | +€163,782 | +16.8% |
| Furniture and vehicles | 24 | €389,700 | €614,784 | +€225,084 | +57.8% |
| Other tangible fixed assets | 26 | €586,549 | €525,247 | -€61,302 | -10.5% |
| Financial fixed assets | 28 | €6,300 | €6,300 | = | 0.0% |
| Current assets | 29/58 | €78,323 | €46,132 | -€32,191 | -41.1% |
| Amounts receivable within one year | 40/41 | €34,284 | €37,187 | +€2,903 | +8.5% |
| Trade receivables | 40 | €4,034 | €8,062 | +€4,028 | +99.9% |
| Other amounts receivable | 41 | €30,250 | €29,125 | -€1,125 | -3.7% |
| Cash at bank and in hand | 54/58 | €42,929 | €8,945 | -€33,985 | -79.2% |
| Deferred charges and accrued income | 490/1 | €1,110 | - | -€1,110 | |
| Total equity and liabilities | 10/49 | €1,060,873 | €1,192,464 | +€131,591 | +12.4% |
| Equity | 10/15 | -€1,042,631 | -€1,184,451 | -€141,820 | -13.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,050,691 | -€1,192,511 | -€141,820 | -13.5% |
| Amounts payable | 17/49 | €2,103,504 | €2,376,915 | +€273,411 | +13.0% |
| Amounts payable within one year | 42/48 | €2,103,504 | €2,376,915 | +€273,411 | +13.0% |
| Trade debts | 44 | €7,109 | €3,306 | -€3,802 | -53.5% |
| Suppliers | 440/4 | €7,109 | €3,306 | -€3,802 | -53.5% |
| Other amounts payable | 47/48 | €2,096,395 | €2,373,608 | +€277,213 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,342 | €151,284 | +€36,942 | +32.3% |
| Other operating charges | 640/8 | €4,229 | €2,370 | -€1,859 | -44.0% |
| Gross operating margin | 9900 | -€3,057 | €12,060 | +€15,117 | |
| Operating profit (loss) | 9901 | -€121,628 | -€141,594 | -€19,966 | -16.4% |
| Financial income | 75/76B | €12,755 | - | -€12,755 | |
| Recurring financial income | 75 | €12,755 | - | -€12,755 | |
| Non-recurring financial income | 76B | €12,755 | - | -€12,755 | |
| Financial charges | 65/66B | €335 | €226 | -€109 | -32.6% |
| Recurring financial charges | 65 | €335 | €226 | -€109 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | -€109,208 | -€141,820 | -€32,612 | -29.9% |
| Profit (loss) for the period | 9904 | -€109,208 | -€141,820 | -€32,612 | -29.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€109,208 | -€141,820 | -€32,612 | -29.9% |
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.