Ecosystem: 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.
Ecosystem
Largest movements
- Receivables within one year -€109,223
down €109,223 (-54.6%), from €200,022 to €90,798
of which Trade receivables: -€113,134
- Cash +€26,741
up €26,741 (+182%), from €14,731 to €41,473
mainly Receivables within one year (+€109,223) and Net result for the year (+€13,413)
- Tangible fixed assets +€13,943
up €13,943 (+892%), from €1,563 to €15,506
of which Plant, machinery and equipment: +€12,903
- Advances received -€44,751
down €44,751 (-98.1%), from €45,628 to €877
- Trade debts -€35,300
down €35,300 (-22.2%), from €159,318 to €124,018
- Profit (loss) carried forward +€13,413
up €13,413 (+341%), from €3,937 to €17,351
- Tax, wage and social debts -€3,319
down €3,319 (-61.8%), from €5,373 to €2,054
of which Taxes: -€3,029
- Current portion of long-term debt +€2,939
new in 2025: €2,939
- Gross operating margin +€12,874
up €12,874 (+62.7%), from €20,528 to €33,402
- Write-downs -€8,813
down €8,813, from €4,407 to -€4,407
- Staff costs -€3,145
down €3,145 (-17.2%), from €18,327 to €15,182
- Taxes +€2,976
new in 2025: €2,976
- Other operating charges +€2,511
up €2,511 (+252%), from €996 to €3,506
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 | €217,971 | €150,433 | -€67,538 | -31.0% |
| Formation expenses | 20 | €454 | - | -€454 | |
| Fixed assets | 21/28 | €2,411 | €16,354 | +€13,943 | +578% |
| Tangible fixed assets | 22/27 | €1,563 | €15,506 | +€13,943 | +892% |
| Plant, machinery and equipment | 23 | €1,563 | €14,466 | +€12,903 | +826% |
| Furniture and vehicles | 24 | - | €1,040 | +€1,040 | |
| Financial fixed assets | 28 | €848 | €848 | = | 0.0% |
| Current assets | 29/58 | €215,107 | €134,080 | -€81,027 | -37.7% |
| Amounts receivable within one year | 40/41 | €200,022 | €90,798 | -€109,223 | -54.6% |
| Trade receivables | 40 | €190,830 | €77,696 | -€113,134 | -59.3% |
| Other amounts receivable | 41 | €9,192 | €13,102 | +€3,910 | +42.5% |
| Cash at bank and in hand | 54/58 | €14,731 | €41,473 | +€26,741 | +182% |
| Deferred charges and accrued income | 490/1 | €354 | €1,808 | +€1,455 | +411% |
| Total equity and liabilities | 10/49 | €217,971 | €150,433 | -€67,538 | -31.0% |
| Equity | 10/15 | €6,937 | €20,351 | +€13,413 | +193% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,937 | €17,351 | +€13,413 | +341% |
| Amounts payable | 17/49 | €211,034 | €130,083 | -€80,951 | -38.4% |
| Amounts payable within one year | 42/48 | €211,034 | €130,083 | -€80,951 | -38.4% |
| Current portion of amounts payable after more than one year | 42 | - | €2,939 | +€2,939 | |
| Trade debts | 44 | €159,318 | €124,018 | -€35,300 | -22.2% |
| Suppliers | 440/4 | €159,318 | €124,018 | -€35,300 | -22.2% |
| Advances received on contracts in progress | 46 | €45,628 | €877 | -€44,751 | -98.1% |
| Taxes, remuneration and social security | 45 | €5,373 | €2,054 | -€3,319 | -61.8% |
| Taxes | 450/3 | €3,029 | - | -€3,029 | |
| Remuneration and social security | 454/9 | €2,344 | €2,054 | -€290 | -12.4% |
| Other amounts payable | 47/48 | €715 | €195 | -€519 | -72.7% |
| Remuneration, social security and pensions | 62 | €18,327 | €15,182 | -€3,145 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278 | €1,660 | +€382 | +29.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,407 | -€4,407 | -€8,813 | |
| Other operating charges | 640/8 | €996 | €3,506 | +€2,511 | +252% |
| Gross operating margin | 9900 | €20,528 | €33,402 | +€12,874 | +62.7% |
| Operating profit (loss) | 9901 | -€4,479 | €17,461 | +€21,940 | |
| Financial income | 75/76B | €402 | €19 | -€382 | -95.2% |
| Recurring financial income | 75 | €402 | €19 | -€382 | -95.2% |
| Financial charges | 65/66B | €1,252 | €1,090 | -€161 | -12.9% |
| Recurring financial charges | 65 | €1,252 | €1,090 | -€161 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,329 | €16,390 | +€21,719 | |
| Income taxes | 67/77 | - | €2,976 | +€2,976 | |
| Profit (loss) for the period | 9904 | -€5,329 | €13,413 | +€18,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,329 | €13,413 | +€18,742 |
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 23 October 2026 via checked.be.