DE AFSLUITER: 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.
DE AFSLUITER
Largest movements
- Receivables within one year -€26,642
down €26,642 (-56.8%), from €46,869 to €20,226
of which Trade receivables: -€26,046
- Tangible fixed assets -€3,940
no longer reported in 2025 (was €3,940)
of which Plant, machinery and equipment: -€2,624
- Cash +€3,378
new in 2025: €3,378
mainly Other debts (+€39,307) and Receivables within one year (+€26,642)
- Deferred charges and accrued income -€2,695
down €2,695 (-85.8%), from €3,142 to €447
- Stocks and contracts -€2,099
no longer reported in 2025 (was €2,099)
- Trade debts -€43,304
down €43,304 (-79.0%), from €54,822 to €11,518
- Other debts +€39,307
up €39,307 (+45.6%), from €86,230 to €125,536
- Profit (loss) carried forward -€25,992
down €25,992 (-24.1%), from -€107,858 to -€133,851
- Tax, wage and social debts -€1,196
no longer reported in 2025 (was €1,196)
- Short-term financial debts -€1,035
no longer reported in 2025 (was €1,035)
- Gross operating margin -€92,099
down €92,099, from €86,177 to -€5,922
- Staff costs -€76,327
down €76,327 (-80.4%), from €94,972 to €18,645
- Write-downs -€13,041
no longer reported in 2025 (was €13,041)
- Depreciation -€12,324
no longer reported in 2025 (was €12,324)
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 | €56,050 | €24,051 | -€31,998 | -57.1% |
| Fixed assets | 21/28 | €3,940 | - | -€3,940 | |
| Tangible fixed assets | 22/27 | €3,940 | - | -€3,940 | |
| Plant, machinery and equipment | 23 | €2,624 | - | -€2,624 | |
| Furniture and vehicles | 24 | €1,315 | - | -€1,315 | |
| Current assets | 29/58 | €52,110 | €24,051 | -€28,058 | -53.8% |
| Stocks and contracts in progress | 3 | €2,099 | - | -€2,099 | |
| Stocks | 30/36 | €2,099 | - | -€2,099 | |
| Amounts receivable within one year | 40/41 | €46,869 | €20,226 | -€26,642 | -56.8% |
| Trade receivables | 40 | €41,005 | €14,959 | -€26,046 | -63.5% |
| Other amounts receivable | 41 | €5,864 | €5,267 | -€596 | -10.2% |
| Cash at bank and in hand | 54/58 | - | €3,378 | +€3,378 | |
| Deferred charges and accrued income | 490/1 | €3,142 | €447 | -€2,695 | -85.8% |
| Total equity and liabilities | 10/49 | €56,050 | €24,051 | -€31,998 | -57.1% |
| Equity | 10/15 | -€87,233 | -€113,226 | -€25,992 | -29.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,875 | €1,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,875 | €1,875 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,875 | €1,875 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,858 | -€133,851 | -€25,992 | -24.1% |
| Amounts payable | 17/49 | €143,283 | €137,277 | -€6,006 | -4.2% |
| Amounts payable within one year | 42/48 | €143,283 | €137,054 | -€6,229 | -4.3% |
| Financial debts | 43 | €1,035 | - | -€1,035 | |
| Credit institutions | 430/8 | €1,035 | - | -€1,035 | |
| Trade debts | 44 | €54,822 | €11,518 | -€43,304 | -79.0% |
| Suppliers | 440/4 | €54,822 | €11,518 | -€43,304 | -79.0% |
| Taxes, remuneration and social security | 45 | €1,196 | - | -€1,196 | |
| Remuneration and social security | 454/9 | €1,196 | - | -€1,196 | |
| Other amounts payable | 47/48 | €86,230 | €125,536 | +€39,307 | +45.6% |
| Accrued charges and deferred income | 492/3 | - | €223 | +€223 | |
| Non-recurring operating income | 76A | €817 | €12,266 | +€11,449 | +1,402% |
| Remuneration, social security and pensions | 62 | €94,972 | €18,645 | -€76,327 | -80.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,324 | - | -€12,324 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,041 | - | -€13,041 | |
| Other operating charges | 640/8 | €1,011 | €783 | -€228 | -22.6% |
| Gross operating margin | 9900 | €86,177 | -€5,922 | -€92,099 | |
| Operating profit (loss) | 9901 | -€35,171 | -€25,350 | +€9,821 | +27.9% |
| Financial income | 75/76B | €1 | €1 | +€1 | +95.5% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +95.5% |
| Financial charges | 65/66B | €366 | €643 | +€277 | +75.9% |
| Recurring financial charges | 65 | €366 | €643 | +€277 | +75.9% |
| Profit (loss) for the period before taxes | 9903 | -€35,536 | -€25,992 | +€9,544 | +26.9% |
| Income taxes | 67/77 | €257 | - | -€257 | |
| Profit (loss) for the period | 9904 | -€35,793 | -€25,992 | +€9,801 | +27.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,793 | -€25,992 | +€9,801 | +27.4% |
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 20 October 2026 via checked.be.