CRITERES 2.0: 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.
CRITERES 2.0
Largest movements
- Cash -€54,352
down €54,352 (-29.2%), from €185,934 to €131,582
mainly Accrued charges and deferred income (-€59,524) and Net result for the year (-€43,435)
- Tangible fixed assets -€23,203
down €23,203 (-11.9%), from €194,829 to €171,625
of which Furniture and vehicles: -€16,369
- Receivables within one year -€7,448
down €7,448 (-7.3%), from €102,417 to €94,969
of which Trade receivables: -€16,184
- Accrued charges and deferred income -€59,524
down €59,524 (-99.3%), from €59,924 to €400
- Profit (loss) carried forward -€43,435
down €43,435 (-23.0%), from €188,695 to €145,260
- Trade debts +€35,943
up €35,943 (+417%), from €8,615 to €44,559
- Debts after one year -€12,155
down €12,155 (-11.1%), from €109,497 to €97,342
- Gross operating margin -€173,085
down €173,085 (-70.9%), from €244,215 to €71,130
- Write-downs -€33,450
no longer reported in 2025 (was €33,450)
- Taxes -€22,363
down €22,363 (-98.8%), from €22,626 to €264
- Depreciation +€5,721
up €5,721 (+32.7%), from €17,482 to €23,203
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 | €499,690 | €415,371 | -€84,319 | -16.9% |
| Fixed assets | 21/28 | €194,829 | €171,625 | -€23,203 | -11.9% |
| Tangible fixed assets | 22/27 | €194,829 | €171,625 | -€23,203 | -11.9% |
| Land and buildings | 22 | €141,616 | €135,241 | -€6,375 | -4.5% |
| Plant, machinery and equipment | 23 | €1,304 | €845 | -€459 | -35.2% |
| Furniture and vehicles | 24 | €51,908 | €35,539 | -€16,369 | -31.5% |
| Current assets | 29/58 | €304,861 | €243,745 | -€61,116 | -20.0% |
| Amounts receivable after more than one year | 29 | €15,779 | €16,252 | +€473 | +3.0% |
| Other amounts receivable | 291 | €15,779 | €16,252 | +€473 | +3.0% |
| Amounts receivable within one year | 40/41 | €102,417 | €94,969 | -€7,448 | -7.3% |
| Trade receivables | 40 | €102,417 | €86,233 | -€16,184 | -15.8% |
| Other amounts receivable | 41 | - | €8,736 | +€8,736 | |
| Cash at bank and in hand | 54/58 | €185,934 | €131,582 | -€54,352 | -29.2% |
| Deferred charges and accrued income | 490/1 | €732 | €942 | +€210 | +28.7% |
| Total equity and liabilities | 10/49 | €499,690 | €415,371 | -€84,319 | -16.9% |
| Equity | 10/15 | €248,695 | €205,260 | -€43,435 | -17.5% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | €60,000 | = | 0.0% |
| Issued capital | 100 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,695 | €145,260 | -€43,435 | -23.0% |
| Amounts payable | 17/49 | €250,995 | €210,110 | -€40,885 | -16.3% |
| Amounts payable after more than one year | 17 | €109,497 | €97,342 | -€12,155 | -11.1% |
| Financial debts | 170/4 | €109,497 | €97,342 | -€12,155 | -11.1% |
| Amounts payable within one year | 42/48 | €81,574 | €112,369 | +€30,795 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €40,441 | €35,604 | -€4,837 | -12.0% |
| Trade debts | 44 | €8,615 | €44,559 | +€35,943 | +417% |
| Suppliers | 440/4 | €8,615 | €44,559 | +€35,943 | +417% |
| Taxes, remuneration and social security | 45 | €32,517 | €31,722 | -€795 | -2.4% |
| Taxes | 450/3 | €24,271 | €22,626 | -€1,645 | -6.8% |
| Remuneration and social security | 454/9 | €8,246 | €9,096 | +€850 | +10.3% |
| Other amounts payable | 47/48 | - | €484 | +€484 | |
| Accrued charges and deferred income | 492/3 | €59,924 | €400 | -€59,524 | -99.3% |
| Remuneration, social security and pensions | 62 | €82,956 | €81,968 | -€988 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,482 | €23,203 | +€5,721 | +32.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €33,450 | - | -€33,450 | |
| Other operating charges | 640/8 | €1,041 | €2,970 | +€1,930 | +185% |
| Gross operating margin | 9900 | €244,215 | €71,130 | -€173,085 | -70.9% |
| Operating profit (loss) | 9901 | €109,286 | -€37,012 | -€146,297 | |
| Financial income | 75/76B | €460 | €478 | +€18 | +3.9% |
| Recurring financial income | 75 | €460 | €478 | +€18 | +3.9% |
| Financial charges | 65/66B | €6,027 | €6,637 | +€610 | +10.1% |
| Recurring financial charges | 65 | €6,027 | €6,637 | +€610 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €103,718 | -€43,171 | -€146,889 | |
| Income taxes | 67/77 | €22,626 | €264 | -€22,363 | -98.8% |
| Profit (loss) for the period | 9904 | €81,092 | -€43,435 | -€124,527 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,092 | -€43,435 | -€124,527 |
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 23 October 2026 via checked.be.