ENTITY FACTORY: 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.
ENTITY FACTORY
Largest movements
- Cash -€9,290
down €9,290 (-47.1%), from €19,708 to €10,418
mainly Net result for the year (-€19,596) and Tax, wage and social debts (-€5,104)
- Tangible fixed assets -€1,958
down €1,958 (-26.9%), from €7,268 to €5,310
- Receivables within one year +€672
up €672 (+15.1%), from €4,441 to €5,113
of which Trade receivables: +€1,284
- Profit (loss) carried forward -€19,596
down €19,596 (-85.2%), from €23,010 to €3,414
- Other debts +€13,041
up €13,041 (+2391.4%), from €545 to €13,586
- Tax, wage and social debts -€5,104
down €5,104 (-90.3%), from €5,654 to €550
- Advances received +€1,306
up €1,306 (+236.3%), from €553 to €1,859
- Trade debts -€446
down €446 (-77.2%), from €578 to €132
- Gross operating margin -€21,137
down €21,137, from €3,384 to -€17,753
- Depreciation +€1,038
up €1,038 (+112.7%), from €921 to €1,958
- Other operating charges -€772
no longer reported in 2025 (was €772)
- Taxes -€351
no longer reported in 2025 (was €351)
- Financial income +€300
up €300 (+499900.0%), from €0 to €300
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 | €31,841 | €21,041 | -€10,800 | -33.9% |
| Fixed assets | 21/28 | €7,468 | €5,510 | -€1,958 | -26.2% |
| Tangible fixed assets | 22/27 | €7,268 | €5,310 | -€1,958 | -26.9% |
| Furniture and vehicles | 24 | €7,268 | €5,310 | -€1,958 | -26.9% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €24,373 | €15,531 | -€8,842 | -36.3% |
| Amounts receivable within one year | 40/41 | €4,441 | €5,113 | +€672 | +15.1% |
| Trade receivables | 40 | €937 | €2,221 | +€1,284 | +137.0% |
| Other amounts receivable | 41 | €3,504 | €2,892 | -€612 | -17.5% |
| Cash at bank and in hand | 54/58 | €19,708 | €10,418 | -€9,290 | -47.1% |
| Deferred charges and accrued income | 490/1 | €223 | - | -€223 | |
| Total equity and liabilities | 10/49 | €31,841 | €21,041 | -€10,800 | -33.9% |
| Equity | 10/15 | €24,510 | €4,914 | -€19,596 | -80.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,010 | €3,414 | -€19,596 | -85.2% |
| Amounts payable | 17/49 | €7,331 | €16,126 | +€8,796 | +120.0% |
| Amounts payable within one year | 42/48 | €7,331 | €16,126 | +€8,796 | +120.0% |
| Trade debts | 44 | €578 | €132 | -€446 | -77.2% |
| Suppliers | 440/4 | €578 | €132 | -€446 | -77.2% |
| Advances received on contracts in progress | 46 | €553 | €1,859 | +€1,306 | +236.3% |
| Taxes, remuneration and social security | 45 | €5,654 | €550 | -€5,104 | -90.3% |
| Taxes | 450/3 | €5,654 | €550 | -€5,104 | -90.3% |
| Other amounts payable | 47/48 | €545 | €13,586 | +€13,041 | +2391.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €1,958 | +€1,038 | +112.7% |
| Other operating charges | 640/8 | €772 | - | -€772 | |
| Gross operating margin | 9900 | €3,384 | -€17,753 | -€21,137 | |
| Operating profit (loss) | 9901 | €1,691 | -€19,711 | -€21,403 | |
| Financial income | 75/76B | €0 | €300 | +€300 | +499900.0% |
| Recurring financial income | 75 | €0 | €300 | +€300 | +499900.0% |
| Financial charges | 65/66B | €315 | €184 | -€131 | -41.5% |
| Recurring financial charges | 65 | €315 | €184 | -€131 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €1,376 | -€19,596 | -€20,972 | |
| Income taxes | 67/77 | €351 | - | -€351 | |
| Profit (loss) for the period | 9904 | €1,025 | -€19,596 | -€20,621 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,025 | -€19,596 | -€20,621 |
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 7 October 2026 via checked.be.