DIFFERENCE: 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.
DIFFERENCE
Largest movements
- Tangible fixed assets -€14,107
down €14,107 (-83.2%), from €16,946 to €2,839
of which Land and buildings: -€10,684
- Receivables within one year -€4,088
no longer reported in 2025 (was €4,088)
- Profit (loss) carried forward -€37,058
down €37,058 (-30.3%), from -€122,404 to -€159,462
- Other debts +€35,065
up €35,065 (+86.0%), from €40,761 to €75,826
- Debts after one year -€32,400
no longer reported in 2025 (was €32,400)
- Tax, wage and social debts +€15,753
up €15,753 (+1187.1%), from €1,327 to €17,080
- Trade debts +€509
up €509 (+12.9%), from €3,960 to €4,469
- Taxes +€14,537
new in 2025: €14,537
- Gross operating margin -€9,086
down €9,086, from €4,920 to -€4,166
- Turnover -€7,250
no longer reported in 2025 (was €7,250)
- Depreciation -€3,562
down €3,562 (-79.5%), from €4,482 to €920
- Purchases and services -€2,330
no longer reported in 2025 (was €2,330)
From the 2021 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €22,153 | €3,775 | -€18,378 | -83.0% |
| Fixed assets | 21/28 | €17,851 | €3,744 | -€14,107 | -79.0% |
| Tangible fixed assets | 22/27 | €16,946 | €2,839 | -€14,107 | -83.2% |
| Land and buildings | 22 | €13,523 | €2,839 | -€10,684 | -79.0% |
| Furniture and vehicles | 24 | €3,423 | - | -€3,423 | |
| Financial fixed assets | 28 | €905 | €905 | -€0 | 0.0% |
| Current assets | 29/58 | €4,302 | €32 | -€4,270 | -99.3% |
| Amounts receivable within one year | 40/41 | €4,088 | - | -€4,088 | |
| Trade receivables | 40 | €4,088 | - | -€4,088 | |
| Cash at bank and in hand | 54/58 | €214 | €32 | -€182 | -85.2% |
| Total equity and liabilities | 10/49 | €22,153 | €3,775 | -€18,378 | -83.0% |
| Equity | 10/15 | -€56,543 | -€93,600 | -€37,057 | -65.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,361 | €4,361 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,361 | €4,361 | +€0 | 0.0% |
| Legal reserve | 130 | €4,361 | €4,361 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€122,404 | -€159,462 | -€37,058 | -30.3% |
| Amounts payable | 17/49 | €78,696 | €97,376 | +€18,680 | +23.7% |
| Amounts payable after more than one year | 17 | €32,400 | - | -€32,400 | |
| Financial debts | 170/4 | €32,400 | - | -€32,400 | |
| Amounts payable within one year | 42/48 | €46,296 | €97,376 | +€51,080 | +110.3% |
| Financial debts | 43 | €248 | - | -€248 | |
| Credit institutions | 430/8 | €248 | - | -€248 | |
| Trade debts | 44 | €3,960 | €4,469 | +€509 | +12.9% |
| Suppliers | 440/4 | €3,960 | €4,469 | +€509 | +12.9% |
| Taxes, remuneration and social security | 45 | €1,327 | €17,080 | +€15,753 | +1187.1% |
| Taxes | 450/3 | €1,327 | €17,080 | +€15,753 | +1187.1% |
| Other amounts payable | 47/48 | €40,761 | €75,826 | +€35,065 | +86.0% |
| Turnover | 70 | €7,250 | - | -€7,250 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,330 | - | -€2,330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,482 | €920 | -€3,562 | -79.5% |
| Other operating charges | 640/8 | €903 | €1,353 | +€450 | +49.8% |
| Gross operating margin | 9900 | €4,920 | -€4,166 | -€9,086 | |
| Operating profit (loss) | 9901 | -€465 | -€6,439 | -€5,974 | -1284.7% |
| Financial charges | 65/66B | €1,691 | €320 | -€1,371 | -81.1% |
| Recurring financial charges | 65 | €1,691 | €320 | -€1,371 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,156 | -€6,759 | -€4,603 | -213.5% |
| Income taxes | 67/77 | - | €14,537 | +€14,537 | |
| Profit (loss) for the period | 9904 | -€2,156 | -€21,295 | -€19,139 | -887.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,156 | -€21,295 | -€19,139 | -887.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.