COUNTER-TECHNICS: 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.
COUNTER-TECHNICS
Largest movements
- Receivables within one year +€54,957
up €54,957 (+127.5%), from €43,091 to €98,049
of which Trade receivables: +€44,631
- Cash -€31,172
down €31,172 (-91.8%), from €33,943 to €2,771
mainly Receivables within one year (-€54,957) and Other debts (-€833)
- Tangible fixed assets -€2,382
down €2,382 (-29.4%), from €8,095 to €5,713
of which Furniture and vehicles: -€1,245
- Advances received +€19,767
up €19,767, from €0 to €19,767
- Tax, wage and social debts +€1,822
up €1,822 (+32.6%), from €5,592 to €7,414
of which Taxes: +€4,322
- Gross operating margin -€15,012
down €15,012 (-67.5%), from €22,257 to €7,244
- Financial charges +€2,350
up €2,350 (+331.0%), from €710 to €3,060
- Taxes -€1,470
down €1,470 (-50.6%), from €2,907 to €1,437
- Other operating charges -€944
down €944 (-55.0%), from €1,717 to €773
- Financial income -€650
down €650 (-100.0%), from €650 to €0
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 | €87,548 | €107,935 | +€20,387 | +23.3% |
| Fixed assets | 21/28 | €8,295 | €5,913 | -€2,382 | -28.7% |
| Tangible fixed assets | 22/27 | €8,095 | €5,713 | -€2,382 | -29.4% |
| Plant, machinery and equipment | 23 | €2,131 | €993 | -€1,138 | -53.4% |
| Furniture and vehicles | 24 | €5,964 | €4,720 | -€1,245 | -20.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €79,253 | €102,022 | +€22,769 | +28.7% |
| Amounts receivable within one year | 40/41 | €43,091 | €98,049 | +€54,957 | +127.5% |
| Trade receivables | 40 | €11,028 | €55,659 | +€44,631 | +404.7% |
| Other amounts receivable | 41 | €32,063 | €42,390 | +€10,326 | +32.2% |
| Cash at bank and in hand | 54/58 | €33,943 | €2,771 | -€31,172 | -91.8% |
| Deferred charges and accrued income | 490/1 | €2,219 | €1,203 | -€1,016 | -45.8% |
| Total equity and liabilities | 10/49 | €87,548 | €107,935 | +€20,387 | +23.3% |
| Equity | 10/15 | €62,134 | €61,725 | -€408 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,934 | €55,934 | = | 0.0% |
| Distributable reserves | 133 | €55,934 | €55,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€408 | -€408 | |
| Amounts payable | 17/49 | €25,415 | €46,210 | +€20,795 | +81.8% |
| Amounts payable within one year | 42/48 | €25,415 | €46,210 | +€20,795 | +81.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,990 | €19,029 | +€39 | +0.2% |
| Suppliers | 440/4 | €18,990 | €19,029 | +€39 | +0.2% |
| Advances received on contracts in progress | 46 | €0 | €19,767 | +€19,767 | |
| Taxes, remuneration and social security | 45 | €5,592 | €7,414 | +€1,822 | +32.6% |
| Taxes | 450/3 | €3,092 | €7,414 | +€4,322 | +139.8% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100.0% |
| Other amounts payable | 47/48 | €833 | €0 | -€833 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,936 | €2,382 | +€447 | +23.1% |
| Other operating charges | 640/8 | €1,717 | €773 | -€944 | -55.0% |
| Non-recurring operating charges | 66A | €4,443 | €0 | -€4,443 | -100.0% |
| Gross operating margin | 9900 | €22,257 | €7,244 | -€15,012 | -67.5% |
| Operating profit (loss) | 9901 | €14,161 | €4,089 | -€10,072 | -71.1% |
| Financial income | 75/76B | €650 | €0 | -€650 | -100.0% |
| Recurring financial income | 75 | €650 | €0 | -€650 | -100.0% |
| Financial charges | 65/66B | €710 | €3,060 | +€2,350 | +331.0% |
| Recurring financial charges | 65 | €710 | €3,060 | +€2,350 | +331.0% |
| Profit (loss) for the period before taxes | 9903 | €14,102 | €1,029 | -€13,072 | -92.7% |
| Income taxes | 67/77 | €2,907 | €1,437 | -€1,470 | -50.6% |
| Profit (loss) for the period | 9904 | €11,195 | -€408 | -€11,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,195 | -€408 | -€11,603 |
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 9 October 2026 via checked.be.