DESTINATION: 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.
DESTINATION
Largest movements
- Receivables within one year -€89,242
down €89,242 (-49.6%), from €179,967 to €90,725
of which Trade receivables: -€91,004
- Tangible fixed assets -€69,855
down €69,855 (-10.5%), from €666,028 to €596,173
- Trade debts -€161,251
down €161,251 (-76.2%), from €211,664 to €50,413
- Other debts +€136,999
up €136,999 (+12.1%), from €1.1m to €1.3m
- Profit (loss) carried forward -€112,695
down €112,695 (-11.0%), from -€1.0m to -€1.1m
- Debts after one year -€39,188
down €39,188 (-13.9%), from €281,805 to €242,617
- Advances received +€10,948
up €10,948 (+42.3%), from €25,859 to €36,807
- Gross operating margin -€44,686
down €44,686, from €5,930 to -€38,756
- Other operating charges -€8,383
down €8,383 (-93.2%), from €8,992 to €610
- Financial charges -€1,081
down €1,081 (-23.7%), from €4,555 to €3,474
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 | €857,334 | €692,098 | -€165,236 | -19.3% |
| Fixed assets | 21/28 | €666,028 | €596,173 | -€69,855 | -10.5% |
| Tangible fixed assets | 22/27 | €666,028 | €596,173 | -€69,855 | -10.5% |
| Land and buildings | 22 | €666,028 | €596,173 | -€69,855 | -10.5% |
| Current assets | 29/58 | €191,306 | €95,925 | -€95,381 | -49.9% |
| Amounts receivable within one year | 40/41 | €179,967 | €90,725 | -€89,242 | -49.6% |
| Trade receivables | 40 | €174,771 | €83,767 | -€91,004 | -52.1% |
| Other amounts receivable | 41 | €5,196 | €6,958 | +€1,763 | +33.9% |
| Cash at bank and in hand | 54/58 | €11,340 | €5,200 | -€6,140 | -54.1% |
| Total equity and liabilities | 10/49 | €857,334 | €692,098 | -€165,236 | -19.3% |
| Equity | 10/15 | -€857,385 | -€970,080 | -€112,695 | -13.1% |
| Contributions | 10/11 | €38,600 | €38,600 | = | 0.0% |
| Revaluation surpluses | 12 | €130,000 | €130,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,025,985 | -€1,138,680 | -€112,695 | -11.0% |
| Amounts payable | 17/49 | €1,714,719 | €1,662,178 | -€52,541 | -3.1% |
| Amounts payable after more than one year | 17 | €281,805 | €242,617 | -€39,188 | -13.9% |
| Financial debts | 170/4 | €281,805 | €242,617 | -€39,188 | -13.9% |
| Amounts payable within one year | 42/48 | €1,432,915 | €1,419,561 | -€13,354 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €63,207 | €63,158 | -€49 | -0.1% |
| Trade debts | 44 | €211,664 | €50,413 | -€161,251 | -76.2% |
| Suppliers | 440/4 | €211,664 | €50,413 | -€161,251 | -76.2% |
| Advances received on contracts in progress | 46 | €25,859 | €36,807 | +€10,948 | +42.3% |
| Other amounts payable | 47/48 | €1,132,184 | €1,269,183 | +€136,999 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,855 | €69,855 | = | 0.0% |
| Other operating charges | 640/8 | €8,992 | €610 | -€8,383 | -93.2% |
| Gross operating margin | 9900 | €5,930 | -€38,756 | -€44,686 | |
| Operating profit (loss) | 9901 | -€72,918 | -€109,221 | -€36,303 | -49.8% |
| Financial charges | 65/66B | €4,555 | €3,474 | -€1,081 | -23.7% |
| Recurring financial charges | 65 | €4,555 | €3,474 | -€1,081 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | -€77,473 | -€112,695 | -€35,222 | -45.5% |
| Profit (loss) for the period | 9904 | -€77,473 | -€112,695 | -€35,222 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,473 | -€112,695 | -€35,222 | -45.5% |
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 29 September 2026 via checked.be.