DEADLINE: 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.
DEADLINE
Largest movements
- Tangible fixed assets -€15,553
down €15,553 (-3.2%), from €487,980 to €472,427
of which Other tangible fixed assets: -€13,272
- Cash +€13,364
up €13,364 (+20.1%), from €66,536 to €79,900
mainly Trade debts (+€24,714) and Depreciation (+€15,553)
- Receivables within one year -€12,655
down €12,655 (-39.7%), from €31,886 to €19,231
of which Trade receivables: -€20,850
- Trade debts +€24,714
up €24,714 (+206%), from €12,008 to €36,722
- Debts after one year -€21,667
down €21,667 (-13.8%), from €157,083 to €135,416
- Profit (loss) carried forward -€12,025
new in 2025: -€12,025
- Gross operating margin -€43,342
down €43,342 (-78.2%), from €55,398 to €12,057
- Taxes -€7,470
down €7,470 (-94.7%), from €7,885 to €414
- Financial charges -€4,733
down €4,733 (-40.4%), from €11,718 to €6,985
- Financial income +€3,900
up €3,900 (+754%), from €517 to €4,417
- Other operating charges +€1,358
up €1,358 (+32.4%), from €4,189 to €5,547
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 | €637,818 | €622,232 | -€15,585 | -2.4% |
| Fixed assets | 21/28 | €488,269 | €472,736 | -€15,533 | -3.2% |
| Tangible fixed assets | 22/27 | €487,980 | €472,427 | -€15,553 | -3.2% |
| Furniture and vehicles | 24 | €3,940 | €1,660 | -€2,280 | -57.9% |
| Other tangible fixed assets | 26 | €484,040 | €470,768 | -€13,272 | -2.7% |
| Financial fixed assets | 28 | €289 | €309 | +€20 | +6.9% |
| Current assets | 29/58 | €149,549 | €149,496 | -€53 | 0.0% |
| Amounts receivable within one year | 40/41 | €31,886 | €19,231 | -€12,655 | -39.7% |
| Trade receivables | 40 | €31,871 | €11,021 | -€20,850 | -65.4% |
| Other amounts receivable | 41 | €14 | €8,209 | +€8,195 | +57,430% |
| Current investments | 50/53 | €48,780 | €48,780 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,536 | €79,900 | +€13,364 | +20.1% |
| Deferred charges and accrued income | 490/1 | €2,348 | €1,586 | -€762 | -32.5% |
| Total equity and liabilities | 10/49 | €637,818 | €622,232 | -€15,585 | -2.4% |
| Equity | 10/15 | €437,209 | €425,185 | -€12,025 | -2.8% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Contributions outside capital | 11 | €19,831 | €19,831 | = | 0.0% |
| Other | 1109/19 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €417,378 | €417,378 | = | 0.0% |
| Distributable reserves | 133 | €417,378 | €417,378 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€12,025 | -€12,025 | |
| Amounts payable | 17/49 | €200,608 | €197,047 | -€3,561 | -1.8% |
| Amounts payable after more than one year | 17 | €157,083 | €135,416 | -€21,667 | -13.8% |
| Financial debts | 170/4 | €157,083 | €135,416 | -€21,667 | -13.8% |
| Amounts payable within one year | 42/48 | €43,525 | €61,631 | +€18,106 | +41.6% |
| Current portion of amounts payable after more than one year | 42 | €21,667 | €21,667 | = | 0.0% |
| Trade debts | 44 | €12,008 | €36,722 | +€24,714 | +206% |
| Suppliers | 440/4 | €12,008 | €36,722 | +€24,714 | +206% |
| Taxes, remuneration and social security | 45 | €7,202 | €2,687 | -€4,515 | -62.7% |
| Taxes | 450/3 | €7,202 | €2,687 | -€4,515 | -62.7% |
| Other amounts payable | 47/48 | €2,649 | €556 | -€2,093 | -79.0% |
| Non-recurring operating income | 76A | €14,079 | - | -€14,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,735 | €15,553 | -€182 | -1.2% |
| Other operating charges | 640/8 | €4,189 | €5,547 | +€1,358 | +32.4% |
| Gross operating margin | 9900 | €55,398 | €12,057 | -€43,342 | -78.2% |
| Operating profit (loss) | 9901 | €35,474 | -€9,043 | -€44,517 | |
| Financial income | 75/76B | €517 | €4,417 | +€3,900 | +754% |
| Recurring financial income | 75 | €517 | €4,417 | +€3,900 | +754% |
| Financial charges | 65/66B | €11,718 | €6,985 | -€4,733 | -40.4% |
| Recurring financial charges | 65 | €11,718 | €6,985 | -€4,733 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | €24,274 | -€11,610 | -€35,884 | |
| Income taxes | 67/77 | €7,885 | €414 | -€7,470 | -94.7% |
| Profit (loss) for the period | 9904 | €16,389 | -€12,025 | -€28,414 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,389 | -€12,025 | -€28,414 |
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 18 October 2026 via checked.be.