EN.: 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.
EN.
Largest movements
- Receivables within one year -€53,364
down €53,364 (-56.2%), from €94,910 to €41,546
of which Other amounts receivable: -€27,927
- Tangible fixed assets +€10,757
new in 2025: €10,757
of which Land and buildings: +€8,997
- Trade debts -€38,149
down €38,149 (-46.8%), from €81,549 to €43,400
- Profit (loss) carried forward -€14,940
down €14,940, from €4,179 to -€10,760
- Tax, wage and social debts +€8,131
up €8,131 (+176.7%), from €4,601 to €12,732
of which Taxes: +€4,731
- Other debts +€4,876
new in 2025: €4,876
- Current portion of long-term debt -€1,596
down €1,596 (-23.5%), from €6,804 to €5,208
- Gross operating margin -€21,164
down €21,164, from €10,279 to -€10,886
- Taxes -€1,580
down €1,580 (-96.6%), from €1,636 to €56
- Financial income +€1,291
new in 2025: €1,291
- Financial charges +€1,276
up €1,276 (+200.0%), from €638 to €1,914
- Other operating charges +€1,089
up €1,089 (+68.2%), from €1,597 to €2,686
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 | €101,842 | €59,246 | -€42,596 | -41.8% |
| Fixed assets | 21/28 | - | €10,757 | +€10,757 | |
| Tangible fixed assets | 22/27 | - | €10,757 | +€10,757 | |
| Land and buildings | 22 | - | €8,997 | +€8,997 | |
| Furniture and vehicles | 24 | - | €1,760 | +€1,760 | |
| Current assets | 29/58 | €101,842 | €48,489 | -€53,353 | -52.4% |
| Amounts receivable within one year | 40/41 | €94,910 | €41,546 | -€53,364 | -56.2% |
| Trade receivables | 40 | €60,432 | €34,995 | -€25,437 | -42.1% |
| Other amounts receivable | 41 | €34,478 | €6,551 | -€27,927 | -81.0% |
| Cash at bank and in hand | 54/58 | €6,932 | €6,031 | -€901 | -13.0% |
| Deferred charges and accrued income | 490/1 | - | €912 | +€912 | |
| Total equity and liabilities | 10/49 | €101,842 | €59,246 | -€42,596 | -41.8% |
| Equity | 10/15 | €7,679 | -€7,260 | -€14,940 | |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,179 | -€10,760 | -€14,940 | |
| Amounts payable | 17/49 | €94,162 | €66,506 | -€27,656 | -29.4% |
| Amounts payable after more than one year | 17 | €1,208 | €0 | -€1,208 | -100.0% |
| Financial debts | 170/4 | €1,208 | €0 | -€1,208 | -100.0% |
| Amounts payable within one year | 42/48 | €92,954 | €66,216 | -€26,738 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €6,804 | €5,208 | -€1,596 | -23.5% |
| Trade debts | 44 | €81,549 | €43,400 | -€38,149 | -46.8% |
| Suppliers | 440/4 | €81,549 | €43,400 | -€38,149 | -46.8% |
| Taxes, remuneration and social security | 45 | €4,601 | €12,732 | +€8,131 | +176.7% |
| Taxes | 450/3 | €2,101 | €6,832 | +€4,731 | +225.2% |
| Remuneration and social security | 454/9 | €2,500 | €5,900 | +€3,400 | +136.0% |
| Other amounts payable | 47/48 | - | €4,876 | +€4,876 | |
| Accrued charges and deferred income | 492/3 | - | €291 | +€291 | |
| Remuneration, social security and pensions | 62 | €324 | €310 | -€14 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €378 | -€441 | -53.8% |
| Other operating charges | 640/8 | €1,597 | €2,686 | +€1,089 | +68.2% |
| Non-recurring operating charges | 66A | €1,086 | €0 | -€1,086 | -100.0% |
| Gross operating margin | 9900 | €10,279 | -€10,886 | -€21,164 | |
| Operating profit (loss) | 9901 | €6,453 | -€14,260 | -€20,713 | |
| Financial income | 75/76B | - | €1,291 | +€1,291 | |
| Recurring financial income | 75 | - | €1,291 | +€1,291 | |
| Financial charges | 65/66B | €638 | €1,914 | +€1,276 | +200.0% |
| Recurring financial charges | 65 | €638 | €1,914 | +€1,276 | +200.0% |
| Profit (loss) for the period before taxes | 9903 | €5,815 | -€14,884 | -€20,699 | |
| Income taxes | 67/77 | €1,636 | €56 | -€1,580 | -96.6% |
| Profit (loss) for the period | 9904 | €4,179 | -€14,940 | -€19,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,179 | -€14,940 | -€19,119 |
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 12 October 2026 via checked.be.