Downtown: 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.
Downtown
Largest movements
- Receivables within one year +€24,500
up €24,500 (+225.0%), from €10,887 to €35,388
of which Trade receivables: +€30,000
- Cash -€3,666
down €3,666 (-49.4%), from €7,420 to €3,754
mainly Receivables within one year (-€24,500) and Other debts (-€12,248)
- Stocks and contracts +€2,000
up €2,000 (+40.3%), from €4,957 to €6,957
- Tangible fixed assets -€1,946
down €1,946 (-20.9%), from €9,314 to €7,367
of which Other tangible fixed assets: -€1,565
- Other debts -€12,248
down €12,248 (-39.9%), from €30,697 to €18,449
- Profit (loss) carried forward +€11,458
up €11,458 (+71.6%), from -€16,006 to -€4,548
- Trade debts +€11,165
up €11,165 (+86.6%), from €12,888 to €24,053
- Tax, wage and social debts +€10,512
new in 2025: €10,512
of which Remuneration and social security: +€6,035
- Gross operating margin +€33,275
up €33,275 (+1715.9%), from €1,939 to €35,214
- Staff costs +€20,354
up €20,354 (+44055.7%), from €46 to €20,400
- Depreciation +€1,529
up €1,529 (+366.2%), from €418 to €1,946
- Other operating charges +€803
new in 2025: €803
- Financial charges +€586
up €586 (+2756.9%), from €21 to €607
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 | €32,578 | €53,466 | +€20,888 | +64.1% |
| Fixed assets | 21/28 | €9,314 | €7,367 | -€1,946 | -20.9% |
| Tangible fixed assets | 22/27 | €9,314 | €7,367 | -€1,946 | -20.9% |
| Plant, machinery and equipment | 23 | €1,878 | €1,497 | -€381 | -20.3% |
| Other tangible fixed assets | 26 | €7,436 | €5,870 | -€1,565 | -21.1% |
| Current assets | 29/58 | €23,265 | €46,099 | +€22,834 | +98.1% |
| Stocks and contracts in progress | 3 | €4,957 | €6,957 | +€2,000 | +40.3% |
| Stocks | 30/36 | €4,957 | €6,957 | +€2,000 | +40.3% |
| Amounts receivable within one year | 40/41 | €10,887 | €35,388 | +€24,500 | +225.0% |
| Trade receivables | 40 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 41 | €10,887 | €5,388 | -€5,500 | -50.5% |
| Cash at bank and in hand | 54/58 | €7,420 | €3,754 | -€3,666 | -49.4% |
| Total equity and liabilities | 10/49 | €32,578 | €53,466 | +€20,888 | +64.1% |
| Equity | 10/15 | -€11,006 | €452 | +€11,458 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,006 | -€4,548 | +€11,458 | +71.6% |
| Amounts payable | 17/49 | €43,584 | €53,014 | +€9,430 | +21.6% |
| Amounts payable within one year | 42/48 | €43,584 | €53,014 | +€9,430 | +21.6% |
| Trade debts | 44 | €12,888 | €24,053 | +€11,165 | +86.6% |
| Suppliers | 440/4 | €12,888 | €24,053 | +€11,165 | +86.6% |
| Taxes, remuneration and social security | 45 | - | €10,512 | +€10,512 | |
| Taxes | 450/3 | - | €4,477 | +€4,477 | |
| Remuneration and social security | 454/9 | - | €6,035 | +€6,035 | |
| Other amounts payable | 47/48 | €30,697 | €18,449 | -€12,248 | -39.9% |
| Remuneration, social security and pensions | 62 | €46 | €20,400 | +€20,354 | +44055.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €1,946 | +€1,529 | +366.2% |
| Other operating charges | 640/8 | - | €803 | +€803 | |
| Gross operating margin | 9900 | €1,939 | €35,214 | +€33,275 | +1715.9% |
| Operating profit (loss) | 9901 | €1,475 | €12,065 | +€10,590 | +717.7% |
| Financial charges | 65/66B | €21 | €607 | +€586 | +2756.9% |
| Recurring financial charges | 65 | €21 | €607 | +€586 | +2756.9% |
| Profit (loss) for the period before taxes | 9903 | €1,454 | €11,458 | +€10,004 | +687.9% |
| Profit (loss) for the period | 9904 | €1,454 | €11,458 | +€10,004 | +687.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,454 | €11,458 | +€10,004 | +687.9% |
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 30 September 2026 via checked.be.