Defaultroute: 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.
Defaultroute
Largest movements
- Cash -€11,579
no longer reported in 2025 (was €11,579)
mainly Trade debts (-€23,097) and Investment in fixed assets (net) (-€15,022)
- Tangible fixed assets +€4,546
up €4,546 (+17.0%), from €26,711 to €31,257
of which Plant, machinery and equipment: +€5,823
- Deferred charges and accrued income +€1,358
up €1,358 (+47.5%), from €2,862 to €4,220
- Receivables within one year +€1,213
up €1,213 (+4.1%), from €29,382 to €30,595
of which Trade receivables: +€13,624
- Trade debts -€23,097
down €23,097 (-49.6%), from €46,594 to €23,497
- Other debts +€10,539
new in 2025: €10,539
- Tax, wage and social debts +€4,680
up €4,680 (+38.2%), from €12,259 to €16,939
of which Remuneration and social security: +€3,075
- Short-term financial debts +€2,052
new in 2025: €2,052
- Profit (loss) carried forward +€1,456
up €1,456 (+13.7%), from €10,590 to €12,045
- Depreciation +€4,546
up €4,546 (+76.7%), from €5,930 to €10,476
- Gross operating margin +€2,525
up €2,525 (+15.0%), from €16,788 to €19,313
- Other operating charges +€994
up €994 (+277.2%), from €359 to €1,353
- Taxes -€662
down €662 (-20.1%), from €3,292 to €2,630
- Financial charges +€660
up €660 (+24.1%), from €2,741 to €3,401
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 | €70,533 | €66,072 | -€4,461 | -6.3% |
| Fixed assets | 21/28 | €26,711 | €31,257 | +€4,546 | +17.0% |
| Tangible fixed assets | 22/27 | €26,711 | €31,257 | +€4,546 | +17.0% |
| Plant, machinery and equipment | 23 | €15,417 | €21,240 | +€5,823 | +37.8% |
| Furniture and vehicles | 24 | €6,458 | €5,746 | -€712 | -11.0% |
| Other tangible fixed assets | 26 | €4,836 | €4,271 | -€565 | -11.7% |
| Current assets | 29/58 | €43,822 | €34,815 | -€9,007 | -20.6% |
| Amounts receivable within one year | 40/41 | €29,382 | €30,595 | +€1,213 | +4.1% |
| Trade receivables | 40 | €16,971 | €30,595 | +€13,624 | +80.3% |
| Other amounts receivable | 41 | €12,411 | - | -€12,411 | |
| Cash at bank and in hand | 54/58 | €11,579 | - | -€11,579 | |
| Deferred charges and accrued income | 490/1 | €2,862 | €4,220 | +€1,358 | +47.5% |
| Total equity and liabilities | 10/49 | €70,533 | €66,072 | -€4,461 | -6.3% |
| Equity | 10/15 | €11,590 | €13,045 | +€1,456 | +12.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,590 | €12,045 | +€1,456 | +13.7% |
| Amounts payable | 17/49 | €58,944 | €53,027 | -€5,917 | -10.0% |
| Amounts payable within one year | 42/48 | €58,944 | €53,027 | -€5,917 | -10.0% |
| Financial debts | 43 | - | €2,052 | +€2,052 | |
| Credit institutions | 430/8 | - | €2,052 | +€2,052 | |
| Trade debts | 44 | €46,594 | €23,497 | -€23,097 | -49.6% |
| Suppliers | 440/4 | €46,594 | €23,497 | -€23,097 | -49.6% |
| Advances received on contracts in progress | 46 | €91 | - | -€91 | |
| Taxes, remuneration and social security | 45 | €12,259 | €16,939 | +€4,680 | +38.2% |
| Taxes | 450/3 | €12,259 | €13,864 | +€1,605 | +13.1% |
| Remuneration and social security | 454/9 | - | €3,075 | +€3,075 | |
| Other amounts payable | 47/48 | - | €10,539 | +€10,539 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,930 | €10,476 | +€4,546 | +76.7% |
| Other operating charges | 640/8 | €359 | €1,353 | +€994 | +277.2% |
| Gross operating margin | 9900 | €16,788 | €19,313 | +€2,525 | +15.0% |
| Operating profit (loss) | 9901 | €10,500 | €7,484 | -€3,016 | -28.7% |
| Financial income | 75/76B | €530 | €3 | -€527 | -99.4% |
| Recurring financial income | 75 | €530 | €3 | -€527 | -99.4% |
| Financial charges | 65/66B | €2,741 | €3,401 | +€660 | +24.1% |
| Recurring financial charges | 65 | €2,741 | €3,401 | +€660 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €8,289 | €4,086 | -€4,203 | -50.7% |
| Income taxes | 67/77 | €3,292 | €2,630 | -€662 | -20.1% |
| Profit (loss) for the period | 9904 | €4,997 | €1,456 | -€3,541 | -70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,997 | €1,456 | -€3,541 | -70.9% |
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 2 October 2026 via checked.be.