DEFINE: 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.
DEFINE
Largest movements
- Cash +€39,840
up €39,840 (+124%), from €32,109 to €71,950
mainly Trade debts (+€38,351) and Receivables within one year (+€14,537)
- Receivables within one year -€14,537
down €14,537 (-62.8%), from €23,152 to €8,615
of which Trade receivables: -€14,428
- Current investments -€5,303
down €5,303 (-8.0%), from €66,295 to €60,992
- Tangible fixed assets -€2,909
down €2,909 (-33.6%), from €8,658 to €5,749
- Trade debts +€38,351
up €38,351 (+167%), from €22,914 to €61,265
- Other debts -€23,890
down €23,890 (-73.0%), from €32,717 to €8,826
- Profit (loss) carried forward +€8,044
up €8,044 (+12.2%), from €65,981 to €74,025
- Tax, wage and social debts -€2,954
down €2,954 (-15.9%), from €18,524 to €15,570
of which Remuneration and social security: -€6,623
- Gross operating margin -€67,217
down €67,217 (-47.0%), from €143,014 to €75,797
- Purchases and services +€45,688
up €45,688 (+19.9%), from €230,038 to €275,726
- Turnover -€16,015
down €16,015 (-4.4%), from €365,343 to €349,328
- Staff costs -€11,704
down €11,704 (-16.9%), from €69,362 to €57,658
- Taxes -€3,972
down €3,972 (-50.1%), from €7,919 to €3,948
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 | €141,136 | €160,686 | +€19,550 | +13.9% |
| Fixed assets | 21/28 | €11,508 | €9,999 | -€1,509 | -13.1% |
| Tangible fixed assets | 22/27 | €8,658 | €5,749 | -€2,909 | -33.6% |
| Plant, machinery and equipment | 23 | €8,658 | €5,749 | -€2,909 | -33.6% |
| Financial fixed assets | 28 | €2,850 | €4,250 | +€1,400 | +49.1% |
| Current assets | 29/58 | €129,628 | €150,687 | +€21,059 | +16.2% |
| Amounts receivable within one year | 40/41 | €23,152 | €8,615 | -€14,537 | -62.8% |
| Trade receivables | 40 | €22,043 | €7,615 | -€14,428 | -65.5% |
| Other amounts receivable | 41 | €1,110 | €1,000 | -€110 | -9.9% |
| Current investments | 50/53 | €66,295 | €60,992 | -€5,303 | -8.0% |
| Cash at bank and in hand | 54/58 | €32,109 | €71,950 | +€39,840 | +124% |
| Deferred charges and accrued income | 490/1 | €8,071 | €9,130 | +€1,059 | +13.1% |
| Total equity and liabilities | 10/49 | €141,136 | €160,686 | +€19,550 | +13.9% |
| Equity | 10/15 | €66,981 | €75,025 | +€8,044 | +12.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Profit (loss) carried forward | 14 | €65,981 | €74,025 | +€8,044 | +12.2% |
| Amounts payable | 17/49 | €74,154 | €85,661 | +€11,507 | +15.5% |
| Amounts payable within one year | 42/48 | €74,154 | €85,661 | +€11,507 | +15.5% |
| Trade debts | 44 | €22,914 | €61,265 | +€38,351 | +167% |
| Suppliers | 440/4 | €22,914 | €61,265 | +€38,351 | +167% |
| Taxes, remuneration and social security | 45 | €18,524 | €15,570 | -€2,954 | -15.9% |
| Taxes | 450/3 | €8,335 | €12,004 | +€3,669 | +44.0% |
| Remuneration and social security | 454/9 | €10,189 | €3,566 | -€6,623 | -65.0% |
| Other amounts payable | 47/48 | €32,717 | €8,826 | -€23,890 | -73.0% |
| Turnover | 70 | €365,343 | €349,328 | -€16,015 | -4.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €230,038 | €275,726 | +€45,688 | +19.9% |
| Remuneration, social security and pensions | 62 | €69,362 | €57,658 | -€11,704 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,948 | €4,700 | +€753 | +19.1% |
| Other operating charges | 640/8 | €628 | €300 | -€328 | -52.3% |
| Gross operating margin | 9900 | €143,014 | €75,797 | -€67,217 | -47.0% |
| Operating profit (loss) | 9901 | €69,076 | €13,139 | -€55,937 | -81.0% |
| Financial income | 75/76B | €343 | €495 | +€152 | +44.4% |
| Recurring financial income | 75 | €343 | €495 | +€152 | +44.4% |
| Financial charges | 65/66B | €2,531 | €1,642 | -€890 | -35.1% |
| Recurring financial charges | 65 | €2,531 | €1,642 | -€890 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | €66,887 | €11,991 | -€54,896 | -82.1% |
| Income taxes | 67/77 | €7,919 | €3,948 | -€3,972 | -50.1% |
| Profit (loss) for the period | 9904 | €58,968 | €8,044 | -€50,924 | -86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,968 | €8,044 | -€50,924 | -86.4% |
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 13 October 2026 via checked.be.