CRITERIA: 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.
CRITERIA
Largest movements
- Cash -€93,233
down €93,233 (-51.3%), from €181,861 to €88,627
mainly Accrued charges and deferred income (-€45,000) and Other debts (-€24,862)
- Receivables within one year +€3,895
up €3,895 (+9.5%), from €40,878 to €44,772
of which Trade receivables: +€8,943
- Accrued charges and deferred income -€45,000
down €45,000 (-99.0%), from €45,450 to €450
- Other debts -€24,862
no longer reported in 2025 (was €24,862)
- Tax, wage and social debts -€21,670
down €21,670 (-61.7%), from €35,138 to €13,468
- Reserves +€13,563
up €13,563 (+11.0%), from €123,059 to €136,622
- Current portion of long-term debt -€10,885
no longer reported in 2025 (was €10,885)
- Gross operating margin -€26,708
down €26,708 (-50.2%), from €53,221 to €26,512
- Taxes -€7,356
down €7,356 (-52.5%), from €14,006 to €6,650
- Financial charges -€860
down €860 (-61.3%), from €1,402 to €542
- Other operating charges -€813
down €813 (-30.6%), from €2,659 to €1,846
- Depreciation +€606
up €606 (+11.0%), from €5,528 to €6,134
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €272,617 | €179,839 | -€92,779 | -34.0% |
| Fixed assets | 21/28 | €15,653 | €14,116 | -€1,538 | -9.8% |
| Tangible fixed assets | 22/27 | €13,123 | €11,586 | -€1,538 | -11.7% |
| Furniture and vehicles | 24 | €10,209 | €9,214 | -€995 | -9.7% |
| Other tangible fixed assets | 26 | €2,915 | €2,372 | -€543 | -18.6% |
| Financial fixed assets | 28 | €2,530 | €2,530 | = | 0.0% |
| Current assets | 29/58 | €256,964 | €165,723 | -€91,241 | -35.5% |
| Amounts receivable after more than one year | 29 | €34,218 | €32,184 | -€2,034 | -5.9% |
| Other amounts receivable | 291 | €34,218 | €32,184 | -€2,034 | -5.9% |
| Amounts receivable within one year | 40/41 | €40,878 | €44,772 | +€3,895 | +9.5% |
| Trade receivables | 40 | €24,445 | €33,387 | +€8,943 | +36.6% |
| Other amounts receivable | 41 | €16,433 | €11,385 | -€5,048 | -30.7% |
| Cash at bank and in hand | 54/58 | €181,861 | €88,627 | -€93,233 | -51.3% |
| Deferred charges and accrued income | 490/1 | €7 | €139 | +€132 | +1,789% |
| Total equity and liabilities | 10/49 | €272,617 | €179,839 | -€92,779 | -34.0% |
| Equity | 10/15 | €141,664 | €155,227 | +€13,563 | +9.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,059 | €136,622 | +€13,563 | +11.0% |
| Distributable reserves | 133 | €123,059 | €136,622 | +€13,563 | +11.0% |
| Profit (loss) carried forward | 14 | €5 | €5 | = | 0.0% |
| Amounts payable | 17/49 | €130,954 | €24,612 | -€106,342 | -81.2% |
| Amounts payable after more than one year | 17 | €900 | €900 | = | 0.0% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,604 | €23,262 | -€61,342 | -72.5% |
| Current portion of amounts payable after more than one year | 42 | €10,885 | - | -€10,885 | |
| Financial debts | 43 | - | €660 | +€660 | |
| Credit institutions | 430/8 | - | €660 | +€660 | |
| Trade debts | 44 | €13,719 | €9,134 | -€4,585 | -33.4% |
| Suppliers | 440/4 | €13,719 | €9,134 | -€4,585 | -33.4% |
| Taxes, remuneration and social security | 45 | €35,138 | €13,468 | -€21,670 | -61.7% |
| Taxes | 450/3 | €35,138 | €13,468 | -€21,670 | -61.7% |
| Other amounts payable | 47/48 | €24,862 | - | -€24,862 | |
| Accrued charges and deferred income | 492/3 | €45,450 | €450 | -€45,000 | -99.0% |
| Non-recurring operating income | 76A | - | €12,100 | +€12,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,528 | €6,134 | +€606 | +11.0% |
| Other operating charges | 640/8 | €2,659 | €1,846 | -€813 | -30.6% |
| Gross operating margin | 9900 | €53,221 | €26,512 | -€26,708 | -50.2% |
| Operating profit (loss) | 9901 | €45,034 | €18,532 | -€26,501 | -58.8% |
| Financial income | 75/76B | €1,932 | €2,223 | +€291 | +15.0% |
| Recurring financial income | 75 | €1,932 | €2,223 | +€291 | +15.0% |
| Financial charges | 65/66B | €1,402 | €542 | -€860 | -61.3% |
| Recurring financial charges | 65 | €1,402 | €542 | -€860 | -61.3% |
| Profit (loss) for the period before taxes | 9903 | €45,564 | €20,213 | -€25,351 | -55.6% |
| Income taxes | 67/77 | €14,006 | €6,650 | -€7,356 | -52.5% |
| Profit (loss) for the period | 9904 | €31,558 | €13,563 | -€17,994 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,558 | €13,563 | -€17,994 | -57.0% |
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 16 October 2026 via checked.be.