ELEMENT 80: 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.
ELEMENT 80
Largest movements
- Cash -€60,169
down €60,169 (-61.5%), from €97,834 to €37,665
mainly Receivables within one year (-€22,892) and Debts after one year (-€19,500)
- Receivables within one year +€22,892
up €22,892 (+86.7%), from €26,394 to €49,286
of which Trade receivables: +€24,648
- Debts after one year -€19,500
down €19,500 (-37.5%), from €52,000 to €32,500
- Tax, wage and social debts -€19,050
no longer reported in 2025 (was €19,050)
- Other debts +€7,798
up €7,798 (+9.0%), from €86,412 to €94,209
- Reserves -€6,009
down €6,009 (-6.4%), from €94,028 to €88,019
- Gross operating margin -€46,186
down €46,186 (-99.1%), from €46,620 to €434
- Depreciation -€15,940
down €15,940 (-92.8%), from €17,178 to €1,238
- Taxes -€5,512
down €5,512 (-99.6%), from €5,532 to €20
- Other operating charges +€2,019
up €2,019 (+121.1%), from €1,667 to €3,686
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 | €292,290 | €253,774 | -€38,515 | -13.2% |
| Fixed assets | 21/28 | €168,061 | €166,823 | -€1,238 | -0.7% |
| Tangible fixed assets | 22/27 | €168,061 | €166,823 | -€1,238 | -0.7% |
| Land and buildings | 22 | €166,781 | €166,781 | = | 0.0% |
| Plant, machinery and equipment | 23 | €511 | €42 | -€469 | -91.7% |
| Furniture and vehicles | 24 | €769 | - | -€769 | |
| Current assets | 29/58 | €124,228 | €86,951 | -€37,277 | -30.0% |
| Amounts receivable within one year | 40/41 | €26,394 | €49,286 | +€22,892 | +86.7% |
| Trade receivables | 40 | €10,150 | €34,798 | +€24,648 | +242.8% |
| Other amounts receivable | 41 | €16,244 | €14,488 | -€1,757 | -10.8% |
| Cash at bank and in hand | 54/58 | €97,834 | €37,665 | -€60,169 | -61.5% |
| Total equity and liabilities | 10/49 | €292,290 | €253,774 | -€38,515 | -13.2% |
| Equity | 10/15 | €112,628 | €106,619 | -€6,009 | -5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,028 | €88,019 | -€6,009 | -6.4% |
| Distributable reserves | 133 | €94,028 | €88,019 | -€6,009 | -6.4% |
| Amounts payable | 17/49 | €179,661 | €147,155 | -€32,506 | -18.1% |
| Amounts payable after more than one year | 17 | €52,000 | €32,500 | -€19,500 | -37.5% |
| Financial debts | 170/4 | €52,000 | €32,500 | -€19,500 | -37.5% |
| Amounts payable within one year | 42/48 | €127,661 | €114,655 | -€13,006 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €19,500 | €19,500 | = | 0.0% |
| Trade debts | 44 | €2,700 | €946 | -€1,754 | -65.0% |
| Suppliers | 440/4 | €2,700 | €946 | -€1,754 | -65.0% |
| Taxes, remuneration and social security | 45 | €19,050 | - | -€19,050 | |
| Taxes | 450/3 | €19,050 | - | -€19,050 | |
| Other amounts payable | 47/48 | €86,412 | €94,209 | +€7,798 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,178 | €1,238 | -€15,940 | -92.8% |
| Other operating charges | 640/8 | €1,667 | €3,686 | +€2,019 | +121.1% |
| Gross operating margin | 9900 | €46,620 | €434 | -€46,186 | -99.1% |
| Operating profit (loss) | 9901 | €27,774 | -€4,490 | -€32,265 | |
| Financial income | 75/76B | €212 | €470 | +€258 | +121.8% |
| Recurring financial income | 75 | €212 | €470 | +€258 | +121.8% |
| Financial charges | 65/66B | €2,305 | €1,968 | -€337 | -14.6% |
| Recurring financial charges | 65 | €2,305 | €1,968 | -€337 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €25,681 | -€5,989 | -€31,670 | |
| Income taxes | 67/77 | €5,532 | €20 | -€5,512 | -99.6% |
| Profit (loss) for the period | 9904 | €20,149 | -€6,009 | -€26,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,149 | -€6,009 | -€26,159 |
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 10 October 2026 via checked.be.