DATA TALKS: 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.
DATA TALKS
Largest movements
- Receivables within one year -€98,632
down €98,632 (-60.7%), from €162,610 to €63,978
of which Other amounts receivable: -€94,943
- Cash +€31,801
up €31,801 (+195.6%), from €16,258 to €48,060
mainly Receivables within one year (+€98,632) and Net result for the year (+€55,804)
- Profit (loss) carried forward -€141,286
no longer reported in 2025 (was €141,286)
- Other debts +€47,434
new in 2025: €47,434
- Tax, wage and social debts +€13,980
up €13,980 (+64.4%), from €21,696 to €35,676
- Provisions +€11,070
up €11,070 (+53.0%), from €20,883 to €31,953
- Gross operating margin -€24,835
down €24,835 (-18.3%), from €135,889 to €111,054
- Financial charges -€12,337
down €12,337 (-48.8%), from €25,261 to €12,924
- Provisions +€9,228
up €9,228 (+501.1%), from €1,842 to €11,070
- Taxes +€1,480
up €1,480 (+6.3%), from €23,377 to €24,857
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 | €193,628 | €126,664 | -€66,964 | -34.6% |
| Fixed assets | 21/28 | €12,664 | €11,152 | -€1,512 | -11.9% |
| Tangible fixed assets | 22/27 | €12,664 | €11,152 | -€1,512 | -11.9% |
| Furniture and vehicles | 24 | €12,664 | €11,152 | -€1,512 | -11.9% |
| Current assets | 29/58 | €180,964 | €115,512 | -€65,453 | -36.2% |
| Amounts receivable within one year | 40/41 | €162,610 | €63,978 | -€98,632 | -60.7% |
| Trade receivables | 40 | €42,728 | €39,039 | -€3,689 | -8.6% |
| Other amounts receivable | 41 | €119,882 | €24,939 | -€94,943 | -79.2% |
| Cash at bank and in hand | 54/58 | €16,258 | €48,060 | +€31,801 | +195.6% |
| Deferred charges and accrued income | 490/1 | €2,096 | €3,474 | +€1,378 | +65.7% |
| Total equity and liabilities | 10/49 | €193,628 | €126,664 | -€66,964 | -34.6% |
| Equity | 10/15 | €146,286 | €5,000 | -€141,286 | -96.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €141,286 | - | -€141,286 | |
| Provisions and deferred taxes | 16 | €20,883 | €31,953 | +€11,070 | +53.0% |
| Provisions for liabilities and charges | 160/5 | €20,883 | €31,953 | +€11,070 | +53.0% |
| Other liabilities and charges | 164/5 | €20,883 | €31,953 | +€11,070 | +53.0% |
| Amounts payable | 17/49 | €26,459 | €89,711 | +€63,252 | +239.1% |
| Amounts payable within one year | 42/48 | €26,459 | €89,711 | +€63,252 | +239.1% |
| Financial debts | 43 | €183 | €107 | -€76 | -41.7% |
| Credit institutions | 430/8 | €183 | €107 | -€76 | -41.7% |
| Trade debts | 44 | €4,581 | €6,495 | +€1,914 | +41.8% |
| Suppliers | 440/4 | €4,581 | €6,495 | +€1,914 | +41.8% |
| Taxes, remuneration and social security | 45 | €21,696 | €35,676 | +€13,980 | +64.4% |
| Taxes | 450/3 | €21,696 | €35,676 | +€13,980 | +64.4% |
| Other amounts payable | 47/48 | - | €47,434 | +€47,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,002 | €6,005 | +€1,003 | +20.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,842 | €11,070 | +€9,228 | +501.1% |
| Other operating charges | 640/8 | €630 | €396 | -€234 | -37.1% |
| Gross operating margin | 9900 | €135,889 | €111,054 | -€24,835 | -18.3% |
| Operating profit (loss) | 9901 | €128,417 | €93,584 | -€34,833 | -27.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €25,261 | €12,924 | -€12,337 | -48.8% |
| Recurring financial charges | 65 | €25,261 | €12,924 | -€12,337 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €103,156 | €80,660 | -€22,495 | -21.8% |
| Income taxes | 67/77 | €23,377 | €24,857 | +€1,480 | +6.3% |
| Profit (loss) for the period | 9904 | €79,779 | €55,804 | -€23,975 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €79,779 | €55,804 | -€23,975 | -30.1% |
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 8 October 2026 via checked.be.