DISTINCTIVE ADVISORY: 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.
DISTINCTIVE ADVISORY
Largest movements
- Cash -€68,384
down €68,384 (-74.5%), from €91,818 to €23,434
mainly Net result for the year (-€62,401) and Debts after one year (-€18,063)
- Tangible fixed assets -€18,750
down €18,750 (-7.2%), from €260,631 to €241,881
of which Furniture and vehicles: -€13,889
- Stocks and contracts +€12,500
new in 2025: €12,500
- Profit (loss) carried forward -€62,401
down €62,401, from €18,172 to -€44,229
- Debts after one year -€18,063
down €18,063 (-9.0%), from €199,688 to €181,624
- Other debts +€13,587
up €13,587 (+33.2%), from €40,965 to €54,552
- Tax, wage and social debts -€8,989
down €8,989 (-44.1%), from €20,400 to €11,412
- Gross operating margin -€101,849
down €101,849, from €75,536 to -€26,313
- Financial charges -€26,040
down €26,040 (-74.9%), from €34,762 to €8,722
- Depreciation +€6,609
up €6,609 (+36.3%), from €18,206 to €24,816
- Taxes -€5,889
down €5,889 (-96.9%), from €6,076 to €187
- Other operating charges +€911
up €911 (+65.7%), from €1,386 to €2,298
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 | €371,766 | €298,256 | -€73,510 | -19.8% |
| Fixed assets | 21/28 | €260,895 | €241,959 | -€18,936 | -7.3% |
| Intangible fixed assets | 21 | €265 | €78 | -€187 | -70.6% |
| Tangible fixed assets | 22/27 | €260,631 | €241,881 | -€18,750 | -7.2% |
| Land and buildings | 22 | €202,924 | €198,394 | -€4,531 | -2.2% |
| Plant, machinery and equipment | 23 | €760 | €829 | +€70 | +9.2% |
| Furniture and vehicles | 24 | €54,213 | €40,325 | -€13,889 | -25.6% |
| Other tangible fixed assets | 26 | €2,733 | €2,333 | -€400 | -14.6% |
| Current assets | 29/58 | €110,871 | €56,297 | -€54,574 | -49.2% |
| Stocks and contracts in progress | 3 | - | €12,500 | +€12,500 | |
| Stocks | 30/36 | - | €12,500 | +€12,500 | |
| Amounts receivable within one year | 40/41 | €16,965 | €18,666 | +€1,701 | +10.0% |
| Trade receivables | 40 | €14,096 | €18,666 | +€4,571 | +32.4% |
| Other amounts receivable | 41 | €2,869 | €0 | -€2,869 | -100% |
| Cash at bank and in hand | 54/58 | €91,818 | €23,434 | -€68,384 | -74.5% |
| Deferred charges and accrued income | 490/1 | €2,088 | €1,697 | -€391 | -18.7% |
| Total equity and liabilities | 10/49 | €371,766 | €298,256 | -€73,510 | -19.8% |
| Equity | 10/15 | €89,731 | €27,330 | -€62,401 | -69.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €69,059 | €69,059 | = | 0.0% |
| Distributable reserves | 133 | €69,059 | €69,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,172 | -€44,229 | -€62,401 | |
| Amounts payable | 17/49 | €282,036 | €270,926 | -€11,110 | -3.9% |
| Amounts payable after more than one year | 17 | €199,688 | €181,624 | -€18,063 | -9.0% |
| Financial debts | 170/4 | €199,688 | €181,624 | -€18,063 | -9.0% |
| Amounts payable within one year | 42/48 | €81,535 | €89,081 | +€7,546 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €17,370 | €18,063 | +€693 | +4.0% |
| Financial debts | 43 | €2,102 | €2,406 | +€303 | +14.4% |
| Credit institutions | 430/8 | €2,102 | €2,406 | +€303 | +14.4% |
| Trade debts | 44 | €697 | €2,649 | +€1,951 | +280% |
| Suppliers | 440/4 | €697 | €2,649 | +€1,951 | +280% |
| Taxes, remuneration and social security | 45 | €20,400 | €11,412 | -€8,989 | -44.1% |
| Taxes | 450/3 | €20,400 | €11,412 | -€8,989 | -44.1% |
| Other amounts payable | 47/48 | €40,965 | €54,552 | +€13,587 | +33.2% |
| Accrued charges and deferred income | 492/3 | €813 | €221 | -€592 | -72.9% |
| Remuneration, social security and pensions | 62 | - | €134 | +€134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,206 | €24,816 | +€6,609 | +36.3% |
| Other operating charges | 640/8 | €1,386 | €2,298 | +€911 | +65.7% |
| Gross operating margin | 9900 | €75,536 | -€26,313 | -€101,849 | |
| Operating profit (loss) | 9901 | €55,943 | -€53,560 | -€109,503 | |
| Financial income | 75/76B | €1 | €69 | +€68 | +5,967% |
| Recurring financial income | 75 | €1 | €69 | +€68 | +5,967% |
| Financial charges | 65/66B | €34,762 | €8,722 | -€26,040 | -74.9% |
| Recurring financial charges | 65 | €34,762 | €8,722 | -€26,040 | -74.9% |
| Profit (loss) for the period before taxes | 9903 | €21,182 | -€62,213 | -€83,395 | |
| Income taxes | 67/77 | €6,076 | €187 | -€5,889 | -96.9% |
| Profit (loss) for the period | 9904 | €15,106 | -€62,401 | -€77,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,106 | -€62,401 | -€77,506 |
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 20 October 2026 via checked.be.