DEEP FOCUS: 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.
DEEP FOCUS
Largest movements
- Cash +€14,271
up €14,271 (+1235.5%), from €1,155 to €15,426
mainly Net result for the year (+€16,220) and Other debts (+€11,086)
- Receivables within one year -€6,479
down €6,479 (-14.0%), from €46,331 to €39,851
of which Trade receivables: -€8,648
- Tangible fixed assets +€837
up €837 (+27.0%), from €3,098 to €3,935
of which Plant, machinery and equipment: +€837
- Trade debts -€19,156
down €19,156 (-79.7%), from €24,032 to €4,877
- Other debts +€11,086
up €11,086 (+124.3%), from €8,921 to €20,007
- Tax, wage and social debts +€8,853
up €8,853 (+146.4%), from €6,048 to €14,901
of which Taxes: +€6,603
- Profit (loss) carried forward +€4,982
up €4,982, from -€4,982 to €0
- Reserves +€2,774
up €2,774 (+25.3%), from €10,979 to €13,753
of which Distributable reserves: +€2,774
- Gross operating margin +€31,554
up €31,554, from -€3,790 to €27,764
- Taxes +€5,974
up €5,974 (+449202.3%), from €1 to €5,976
- Write-downs +€3,164
new in 2025: €3,164
- Depreciation -€1,514
down €1,514 (-88.9%), from €1,703 to €189
- Other operating charges +€764
up €764 (+65.6%), from €1,165 to €1,928
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 | €51,198 | €59,938 | +€8,739 | +17.1% |
| Fixed assets | 21/28 | €3,098 | €3,935 | +€837 | +27.0% |
| Tangible fixed assets | 22/27 | €3,098 | €3,935 | +€837 | +27.0% |
| Plant, machinery and equipment | 23 | €98 | €935 | +€837 | +858.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €48,101 | €56,003 | +€7,902 | +16.4% |
| Amounts receivable within one year | 40/41 | €46,331 | €39,851 | -€6,479 | -14.0% |
| Trade receivables | 40 | €45,395 | €36,747 | -€8,648 | -19.1% |
| Other amounts receivable | 41 | €935 | €3,104 | +€2,169 | +231.9% |
| Cash at bank and in hand | 54/58 | €1,155 | €15,426 | +€14,271 | +1235.5% |
| Deferred charges and accrued income | 490/1 | €615 | €726 | +€111 | +18.0% |
| Total equity and liabilities | 10/49 | €51,198 | €59,938 | +€8,739 | +17.1% |
| Equity | 10/15 | €12,197 | €19,953 | +€7,756 | +63.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €10,979 | €13,753 | +€2,774 | +25.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €10,979 | €13,753 | +€2,774 | +25.3% |
| Profit (loss) carried forward | 14 | -€4,982 | €0 | +€4,982 | |
| Amounts payable | 17/49 | €39,001 | €39,985 | +€983 | +2.5% |
| Amounts payable within one year | 42/48 | €39,001 | €39,785 | +€783 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €24,032 | €4,877 | -€19,156 | -79.7% |
| Suppliers | 440/4 | €24,032 | €4,877 | -€19,156 | -79.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,048 | €14,901 | +€8,853 | +146.4% |
| Taxes | 450/3 | €6,048 | €12,651 | +€6,603 | +109.2% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €8,921 | €20,007 | +€11,086 | +124.3% |
| Accrued charges and deferred income | 492/3 | - | €200 | +€200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,703 | €189 | -€1,514 | -88.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,164 | +€3,164 | |
| Other operating charges | 640/8 | €1,165 | €1,928 | +€764 | +65.6% |
| Gross operating margin | 9900 | -€3,790 | €27,764 | +€31,554 | |
| Operating profit (loss) | 9901 | -€6,658 | €22,483 | +€29,140 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -45.8% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -45.8% |
| Financial charges | 65/66B | €185 | €288 | +€104 | +56.1% |
| Recurring financial charges | 65 | €185 | €288 | +€104 | +56.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,840 | €22,195 | +€29,036 | |
| Income taxes | 67/77 | €1 | €5,976 | +€5,974 | +449202.3% |
| Profit (loss) for the period | 9904 | -€6,842 | €16,220 | +€23,061 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,842 | €16,220 | +€23,061 |
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.