DAY 2 DAY: 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.
DAY 2 DAY
Largest movements
- Receivables within one year +€38,751
up €38,751 (+95.8%), from €40,431 to €79,182
of which Trade receivables: +€30,580
- Cash -€34,900
down €34,900 (-89.7%), from €38,911 to €4,011
mainly Receivables within one year (-€38,751) and Tax, wage and social debts (-€5,633)
- Tangible fixed assets -€5,599
down €5,599 (-30.1%), from €18,592 to €12,993
- Trade debts +€13,272
up €13,272 (+41.9%), from €31,671 to €44,942
- Tax, wage and social debts -€5,633
down €5,633 (-28.1%), from €20,064 to €14,430
- Debts after one year -€5,599
down €5,599 (-16.7%), from €33,481 to €27,882
- Profit (loss) carried forward -€2,288
down €2,288 (-182%), from -€1,257 to -€3,545
- Gross operating margin -€8,657
down €8,657 (-54.9%), from €15,777 to €7,120
- Other operating charges -€1,748
down €1,748 (-65.8%), from €2,655 to €907
- Financial charges -€1,545
down €1,545 (-34.7%), from €4,446 to €2,902
- Taxes -€997
no longer reported in 2025 (was €997)
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 | €173,910 | €173,447 | -€462 | -0.3% |
| Fixed assets | 21/28 | €18,592 | €12,993 | -€5,599 | -30.1% |
| Tangible fixed assets | 22/27 | €18,592 | €12,993 | -€5,599 | -30.1% |
| Plant, machinery and equipment | 23 | €18,592 | €12,993 | -€5,599 | -30.1% |
| Current assets | 29/58 | €155,318 | €160,455 | +€5,137 | +3.3% |
| Stocks and contracts in progress | 3 | €72,790 | €72,616 | -€174 | -0.2% |
| Stocks | 30/36 | €72,790 | €72,616 | -€174 | -0.2% |
| Amounts receivable within one year | 40/41 | €40,431 | €79,182 | +€38,751 | +95.8% |
| Trade receivables | 40 | €29,598 | €60,178 | +€30,580 | +103% |
| Other amounts receivable | 41 | €10,833 | €19,003 | +€8,170 | +75.4% |
| Cash at bank and in hand | 54/58 | €38,911 | €4,011 | -€34,900 | -89.7% |
| Deferred charges and accrued income | 490/1 | €3,186 | €4,646 | +€1,460 | +45.8% |
| Total equity and liabilities | 10/49 | €173,910 | €173,447 | -€462 | -0.3% |
| Equity | 10/15 | €57,703 | €55,415 | -€2,288 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,360 | €40,360 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,500 | €38,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,257 | -€3,545 | -€2,288 | -182% |
| Amounts payable | 17/49 | €116,207 | €118,033 | +€1,826 | +1.6% |
| Amounts payable after more than one year | 17 | €33,481 | €27,882 | -€5,599 | -16.7% |
| Financial debts | 170/4 | €33,481 | €27,882 | -€5,599 | -16.7% |
| Amounts payable within one year | 42/48 | €82,726 | €90,151 | +€7,425 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €13,607 | €13,374 | -€233 | -1.7% |
| Trade debts | 44 | €31,671 | €44,942 | +€13,272 | +41.9% |
| Suppliers | 440/4 | €31,671 | €44,942 | +€13,272 | +41.9% |
| Taxes, remuneration and social security | 45 | €20,064 | €14,430 | -€5,633 | -28.1% |
| Taxes | 450/3 | €20,064 | €14,430 | -€5,633 | -28.1% |
| Other amounts payable | 47/48 | €17,385 | €17,404 | +€20 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,599 | €5,599 | = | 0.0% |
| Other operating charges | 640/8 | €2,655 | €907 | -€1,748 | -65.8% |
| Gross operating margin | 9900 | €15,777 | €7,120 | -€8,657 | -54.9% |
| Operating profit (loss) | 9901 | €7,523 | €614 | -€6,909 | -91.8% |
| Financial charges | 65/66B | €4,446 | €2,902 | -€1,545 | -34.7% |
| Recurring financial charges | 65 | €4,446 | €2,902 | -€1,545 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €3,077 | -€2,288 | -€5,365 | |
| Income taxes | 67/77 | €997 | - | -€997 | |
| Profit (loss) for the period | 9904 | €2,080 | -€2,288 | -€4,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,080 | -€2,288 | -€4,368 |
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.