CROSSHEAD: 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.
CROSSHEAD
Largest movements
- Cash -€18,529
down €18,529 (-34.4%), from €53,900 to €35,371
mainly Contributions, distributions and other (-€50,000) and Other debts (-€28,866)
- Deferred charges and accrued income +€13,708
up €13,708 (+656.1%), from €2,089 to €15,797
- Receivables within one year -€10,371
down €10,371 (-58.6%), from €17,698 to €7,327
of which Trade receivables: -€13,277
- Tangible fixed assets -€8,224
down €8,224 (-26.4%), from €31,132 to €22,908
of which Furniture and vehicles: -€8,129
- Financial fixed assets +€2,500
new in 2025: €2,500
- Other debts -€28,866
down €28,866 (-32.8%), from €88,065 to €59,200
- Tax, wage and social debts +€17,960
up €17,960 (+1014.7%), from €1,770 to €19,730
of which Taxes: +€9,360
- Trade debts -€10,071
down €10,071 (-80.7%), from €12,484 to €2,413
- Gross operating margin -€29,357
down €29,357 (-25.2%), from €116,491 to €87,134
- Financial charges +€4,851
up €4,851 (+106.2%), from €4,566 to €9,417
- Taxes +€1,496
up €1,496 (+9.1%), from €16,482 to €17,978
- Depreciation +€1,276
up €1,276 (+15.2%), from €8,383 to €9,659
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 | €104,819 | €83,903 | -€20,916 | -20.0% |
| Fixed assets | 21/28 | €31,132 | €25,408 | -€5,724 | -18.4% |
| Tangible fixed assets | 22/27 | €31,132 | €22,908 | -€8,224 | -26.4% |
| Plant, machinery and equipment | 23 | - | €1,307 | +€1,307 | |
| Furniture and vehicles | 24 | €24,428 | €16,300 | -€8,129 | -33.3% |
| Other tangible fixed assets | 26 | €6,704 | €5,302 | -€1,402 | -20.9% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €73,687 | €58,495 | -€15,192 | -20.6% |
| Amounts receivable within one year | 40/41 | €17,698 | €7,327 | -€10,371 | -58.6% |
| Trade receivables | 40 | €13,277 | €0 | -€13,277 | -100.0% |
| Other amounts receivable | 41 | €4,420 | €7,327 | +€2,906 | +65.8% |
| Cash at bank and in hand | 54/58 | €53,900 | €35,371 | -€18,529 | -34.4% |
| Deferred charges and accrued income | 490/1 | €2,089 | €15,797 | +€13,708 | +656.1% |
| Total equity and liabilities | 10/49 | €104,819 | €83,903 | -€20,916 | -20.0% |
| Equity | 10/15 | €2,500 | €2,560 | +€60 | +2.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €60 | +€60 | |
| Amounts payable | 17/49 | €102,319 | €81,343 | -€20,976 | -20.5% |
| Amounts payable within one year | 42/48 | €102,319 | €81,343 | -€20,976 | -20.5% |
| Trade debts | 44 | €12,484 | €2,413 | -€10,071 | -80.7% |
| Suppliers | 440/4 | €12,484 | €2,413 | -€10,071 | -80.7% |
| Taxes, remuneration and social security | 45 | €1,770 | €19,730 | +€17,960 | +1014.7% |
| Taxes | 450/3 | €450 | €9,810 | +€9,360 | +2080.0% |
| Remuneration and social security | 454/9 | €1,320 | €9,920 | +€8,600 | +651.5% |
| Other amounts payable | 47/48 | €88,065 | €59,200 | -€28,866 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,383 | €9,659 | +€1,276 | +15.2% |
| Other operating charges | 640/8 | €181 | €927 | +€746 | +412.0% |
| Gross operating margin | 9900 | €116,491 | €87,134 | -€29,357 | -25.2% |
| Operating profit (loss) | 9901 | €107,927 | €76,548 | -€31,380 | -29.1% |
| Financial income | 75/76B | €225 | €908 | +€683 | +303.8% |
| Recurring financial income | 75 | €225 | €908 | +€683 | +303.8% |
| Financial charges | 65/66B | €4,566 | €9,417 | +€4,851 | +106.2% |
| Recurring financial charges | 65 | €4,566 | €9,417 | +€4,851 | +106.2% |
| Profit (loss) for the period before taxes | 9903 | €103,586 | €68,039 | -€35,548 | -34.3% |
| Income taxes | 67/77 | €16,482 | €17,978 | +€1,496 | +9.1% |
| Profit (loss) for the period | 9904 | €87,104 | €50,060 | -€37,044 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €87,104 | €50,060 | -€37,044 | -42.5% |
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 7 October 2026 via checked.be.