END - 2 - END: 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.
END - 2 - END
Largest movements
- Receivables within one year +€4,083
up €4,083 (+199.1%), from €2,051 to €6,134
of which Trade receivables: +€4,060
- Stocks and contracts -€1,282
down €1,282 (-66.1%), from €1,940 to €659
- Tangible fixed assets -€908
down €908 (-10.0%), from €9,122 to €8,214
of which Other tangible fixed assets: -€944
- Cash -€894
down €894 (-12.5%), from €7,159 to €6,265
mainly Receivables within one year (-€4,083) and Investment in fixed assets (net) (-€1,174)
- Profit (loss) carried forward +€1,605
up €1,605 (+8.3%), from -€19,231 to -€17,626
- Other debts -€761
down €761 (-13.4%), from €5,694 to €4,934
- Trade debts +€550
up €550 (+52.7%), from €1,044 to €1,595
- Tax, wage and social debts -€396
down €396 (-20.0%), from €1,976 to €1,580
- Gross operating margin +€9,217
up €9,217, from -€3,451 to €5,765
- Depreciation -€718
down €718 (-25.6%), from €2,800 to €2,083
- Other operating charges +€483
up €483 (+58.0%), from €833 to €1,316
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 | €20,773 | €21,771 | +€999 | +4.8% |
| Fixed assets | 21/28 | €9,122 | €8,214 | -€908 | -10.0% |
| Tangible fixed assets | 22/27 | €9,122 | €8,214 | -€908 | -10.0% |
| Plant, machinery and equipment | 23 | €1,294 | €835 | -€459 | -35.5% |
| Furniture and vehicles | 24 | €1,615 | €2,110 | +€495 | +30.7% |
| Other tangible fixed assets | 26 | €6,214 | €5,269 | -€944 | -15.2% |
| Current assets | 29/58 | €11,650 | €13,557 | +€1,907 | +16.4% |
| Stocks and contracts in progress | 3 | €1,940 | €659 | -€1,282 | -66.1% |
| Stocks | 30/36 | €1,940 | €659 | -€1,282 | -66.1% |
| Amounts receivable within one year | 40/41 | €2,051 | €6,134 | +€4,083 | +199.1% |
| Trade receivables | 40 | €2,051 | €6,111 | +€4,060 | +197.9% |
| Other amounts receivable | 41 | €0 | €23 | +€23 | |
| Cash at bank and in hand | 54/58 | €7,159 | €6,265 | -€894 | -12.5% |
| Deferred charges and accrued income | 490/1 | €500 | €500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €20,773 | €21,771 | +€999 | +4.8% |
| Equity | 10/15 | €12,058 | €13,663 | +€1,605 | +13.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,231 | -€17,626 | +€1,605 | +8.3% |
| Amounts payable | 17/49 | €8,715 | €8,108 | -€606 | -7.0% |
| Amounts payable within one year | 42/48 | €8,715 | €8,108 | -€606 | -7.0% |
| Trade debts | 44 | €1,044 | €1,595 | +€550 | +52.7% |
| Suppliers | 440/4 | €1,044 | €1,595 | +€550 | +52.7% |
| Taxes, remuneration and social security | 45 | €1,976 | €1,580 | -€396 | -20.0% |
| Taxes | 450/3 | €1,976 | €1,580 | -€396 | -20.0% |
| Other amounts payable | 47/48 | €5,694 | €4,934 | -€761 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,800 | €2,083 | -€718 | -25.6% |
| Other operating charges | 640/8 | €833 | €1,316 | +€483 | +58.0% |
| Gross operating margin | 9900 | -€3,451 | €5,765 | +€9,217 | |
| Operating profit (loss) | 9901 | -€7,085 | €2,366 | +€9,451 | |
| Financial charges | 65/66B | €563 | €556 | -€7 | -1.2% |
| Recurring financial charges | 65 | €563 | €556 | -€7 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,648 | €1,810 | +€9,458 | |
| Income taxes | 67/77 | €167 | €205 | +€38 | +22.4% |
| Profit (loss) for the period | 9904 | -€7,815 | €1,605 | +€9,420 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,815 | €1,605 | +€9,420 |
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 2 October 2026 via checked.be.