CORRECT LOGISTICS: what changed
Two fiscal 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.
CORRECT LOGISTICS
Largest movements
- Receivables within one year -€4,525
down €4,525 (-9.6%), from €47,085 to €42,560
of which Other amounts receivable: -€4,789
- Cash -€2,634
down €2,634 (-45.7%), from €5,767 to €3,133
mainly Net result for the year (-€6,385) and Other debts (-€2,594)
- Deferred charges and accrued income +€1,504
up €1,504 (+94.8%), from €1,586 to €3,091
- Tangible fixed assets -€1,150
down €1,150 (-21.4%), from €5,382 to €4,232
of which Plant, machinery and equipment: -€833
- Profit (loss) carried forward -€6,385
down €6,385, from €0 to -€6,385
- Trade debts +€2,674
up €2,674 (+317.8%), from €842 to €3,516
- Other debts -€2,594
down €2,594 (-17.1%), from €15,200 to €12,606
- Gross operating margin -€7,475
down €7,475 (-87.5%), from €8,540 to €1,065
- Financial charges -€438
down €438 (-7.5%), from €5,837 to €5,399
- Financial income +€303
up €303 (+17.6%), from €1,720 to €2,022
- Other operating charges +€106
up €106 (+23.7%), from €449 to €556
- Depreciation +€100
up €100 (+9.6%), from €1,050 to €1,150
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 | €79,878 | €73,073 | -€6,805 | -8.5% |
| Fixed assets | 21/28 | €25,439 | €24,289 | -€1,150 | -4.5% |
| Tangible fixed assets | 22/27 | €5,382 | €4,232 | -€1,150 | -21.4% |
| Plant, machinery and equipment | 23 | €2,429 | €1,596 | -€833 | -34.3% |
| Other tangible fixed assets | 26 | €2,953 | €2,636 | -€317 | -10.7% |
| Financial fixed assets | 28 | €20,057 | €20,057 | = | 0.0% |
| Current assets | 29/58 | €54,438 | €48,784 | -€5,654 | -10.4% |
| Amounts receivable within one year | 40/41 | €47,085 | €42,560 | -€4,525 | -9.6% |
| Trade receivables | 40 | €1,338 | €1,602 | +€264 | +19.7% |
| Other amounts receivable | 41 | €45,747 | €40,958 | -€4,789 | -10.5% |
| Cash at bank and in hand | 54/58 | €5,767 | €3,133 | -€2,634 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,586 | €3,091 | +€1,504 | +94.8% |
| Total equity and liabilities | 10/49 | €79,878 | €73,073 | -€6,805 | -8.5% |
| Equity | 10/15 | €62,720 | €56,335 | -€6,385 | -10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,520 | €56,520 | = | 0.0% |
| Distributable reserves | 133 | €56,520 | €56,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€6,385 | -€6,385 | |
| Amounts payable | 17/49 | €17,158 | €16,739 | -€420 | -2.4% |
| Amounts payable within one year | 42/48 | €17,158 | €16,739 | -€420 | -2.4% |
| Trade debts | 44 | €842 | €3,516 | +€2,674 | +317.8% |
| Suppliers | 440/4 | €842 | €3,516 | +€2,674 | +317.8% |
| Taxes, remuneration and social security | 45 | €1,117 | €616 | -€500 | -44.8% |
| Taxes | 450/3 | €1,117 | €616 | -€500 | -44.8% |
| Other amounts payable | 47/48 | €15,200 | €12,606 | -€2,594 | -17.1% |
| Non-recurring operating income | 76A | €422 | €0 | -€422 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,150 | +€100 | +9.6% |
| Other operating charges | 640/8 | €449 | €556 | +€106 | +23.7% |
| Non-recurring operating charges | 66A | €249 | €2,068 | +€1,819 | +729.3% |
| Gross operating margin | 9900 | €8,540 | €1,065 | -€7,475 | -87.5% |
| Operating profit (loss) | 9901 | €6,791 | -€2,709 | -€9,500 | |
| Financial income | 75/76B | €1,720 | €2,022 | +€303 | +17.6% |
| Recurring financial income | 75 | €1,720 | €2,022 | +€303 | +17.6% |
| Financial charges | 65/66B | €5,837 | €5,399 | -€438 | -7.5% |
| Recurring financial charges | 65 | €5,837 | €5,399 | -€438 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €2,674 | -€6,085 | -€8,759 | |
| Income taxes | 67/77 | €317 | €300 | -€17 | -5.4% |
| Profit (loss) for the period | 9904 | €2,357 | -€6,385 | -€8,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,357 | -€6,385 | -€8,742 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.