Daily: 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.
Daily
Largest movements
- Tangible fixed assets -€50,904
down €50,904 (-63.5%), from €80,219 to €29,315
of which Plant, machinery and equipment: -€28,020
- Cash -€44,129
down €44,129 (-34.6%), from €127,647 to €83,517
mainly Other debts (-€49,668) and Receivables within one year (-€42,001)
- Receivables within one year +€42,001
new in 2025: €42,001
- Stocks and contracts +€10,811
up €10,811 (+54.1%), from €19,989 to €30,800
- Other debts -€49,668
down €49,668 (-99.8%), from €49,751 to €83
- Trade debts +€37,492
up €37,492 (+237.2%), from €15,807 to €53,299
- Profit (loss) carried forward -€19,398
new in 2025: -€19,398
- Current portion of long-term debt -€11,664
no longer reported in 2025 (was €11,664)
- Staff costs +€71,127
up €71,127 (+80.2%), from €88,699 to €159,826
- Gross operating margin -€29,593
down €29,593 (-12.3%), from €241,525 to €211,931
- Other operating charges +€13,046
up €13,046 (+555.6%), from €2,348 to €15,394
- Depreciation -€4,034
down €4,034 (-7.3%), from €54,939 to €50,904
- Taxes -€2,992
down €2,992 (-65.4%), from €4,577 to €1,585
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 | €231,792 | €189,571 | -€42,221 | -18.2% |
| Fixed assets | 21/28 | €84,156 | €33,252 | -€50,904 | -60.5% |
| Tangible fixed assets | 22/27 | €80,219 | €29,315 | -€50,904 | -63.5% |
| Plant, machinery and equipment | 23 | €54,082 | €26,061 | -€28,020 | -51.8% |
| Other tangible fixed assets | 26 | €26,137 | €3,253 | -€22,884 | -87.6% |
| Financial fixed assets | 28 | €3,938 | €3,938 | = | 0.0% |
| Current assets | 29/58 | €147,636 | €156,319 | +€8,683 | +5.9% |
| Stocks and contracts in progress | 3 | €19,989 | €30,800 | +€10,811 | +54.1% |
| Stocks | 30/36 | €19,989 | €30,800 | +€10,811 | +54.1% |
| Amounts receivable within one year | 40/41 | - | €42,001 | +€42,001 | |
| Other amounts receivable | 41 | - | €42,001 | +€42,001 | |
| Cash at bank and in hand | 54/58 | €127,647 | €83,517 | -€44,129 | -34.6% |
| Total equity and liabilities | 10/49 | €231,792 | €189,571 | -€42,221 | -18.2% |
| Equity | 10/15 | €125,634 | €106,236 | -€19,398 | -15.4% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €87,634 | €87,634 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,800 | €3,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,800 | €3,800 | = | 0.0% |
| Distributable reserves | 133 | €83,834 | €83,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€19,398 | -€19,398 | |
| Amounts payable | 17/49 | €106,158 | €83,335 | -€22,824 | -21.5% |
| Amounts payable within one year | 42/48 | €106,158 | €83,335 | -€22,824 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €11,664 | - | -€11,664 | |
| Trade debts | 44 | €15,807 | €53,299 | +€37,492 | +237.2% |
| Suppliers | 440/4 | €15,807 | €53,299 | +€37,492 | +237.2% |
| Taxes, remuneration and social security | 45 | €28,936 | €29,953 | +€1,017 | +3.5% |
| Taxes | 450/3 | €28,936 | €29,953 | +€1,017 | +3.5% |
| Other amounts payable | 47/48 | €49,751 | €83 | -€49,668 | -99.8% |
| Remuneration, social security and pensions | 62 | €88,699 | €159,826 | +€71,127 | +80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,939 | €50,904 | -€4,034 | -7.3% |
| Other operating charges | 640/8 | €2,348 | €15,394 | +€13,046 | +555.6% |
| Gross operating margin | 9900 | €241,525 | €211,931 | -€29,593 | -12.3% |
| Operating profit (loss) | 9901 | €95,539 | -€14,194 | -€109,732 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,323 | €3,619 | +€296 | +8.9% |
| Recurring financial charges | 65 | €3,323 | €3,619 | +€296 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €92,216 | -€17,813 | -€110,029 | |
| Income taxes | 67/77 | €4,577 | €1,585 | -€2,992 | -65.4% |
| Profit (loss) for the period | 9904 | €87,639 | -€19,398 | -€107,037 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,639 | -€19,398 | -€107,037 |
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.