ERASE & REWIND: 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.
ERASE & REWIND
Largest movements
- Receivables within one year +€9,874
up €9,874 (+28.4%), from €34,745 to €44,619
of which Trade receivables: +€6,050
- Cash -€5,221
down €5,221 (-31.3%), from €16,686 to €11,465
mainly Receivables within one year (-€9,874) and Tax, wage and social debts (-€1,897)
- Tangible fixed assets -€2,936
no longer reported in 2025 (was €2,936)
- Deferred charges and accrued income +€1,229
up €1,229 (+75.2%), from €1,635 to €2,864
- Profit (loss) carried forward +€2,700
up €2,700 (+7.9%), from €34,330 to €37,030
- Trade debts +€2,143
up €2,143 (+377%), from €569 to €2,712
- Tax, wage and social debts -€1,897
down €1,897 (-38.4%), from €4,943 to €3,046
- Gross operating margin -€6,025
down €6,025 (-45.4%), from €13,270 to €7,245
- Taxes -€1,391
down €1,391 (-61.9%), from €2,247 to €856
- Depreciation -€941
down €941 (-24.3%), from €3,877 to €2,936
- Financial charges +€213
up €213 (+152%), from €140 to €353
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 | €56,002 | €58,948 | +€2,946 | +5.3% |
| Fixed assets | 21/28 | €2,936 | - | -€2,936 | |
| Tangible fixed assets | 22/27 | €2,936 | - | -€2,936 | |
| Furniture and vehicles | 24 | €2,936 | - | -€2,936 | |
| Current assets | 29/58 | €53,066 | €58,948 | +€5,882 | +11.1% |
| Amounts receivable within one year | 40/41 | €34,745 | €44,619 | +€9,874 | +28.4% |
| Trade receivables | 40 | €12,100 | €18,150 | +€6,050 | +50.0% |
| Other amounts receivable | 41 | €22,645 | €26,469 | +€3,824 | +16.9% |
| Cash at bank and in hand | 54/58 | €16,686 | €11,465 | -€5,221 | -31.3% |
| Deferred charges and accrued income | 490/1 | €1,635 | €2,864 | +€1,229 | +75.2% |
| Total equity and liabilities | 10/49 | €56,002 | €58,948 | +€2,946 | +5.3% |
| Equity | 10/15 | €50,490 | €53,190 | +€2,700 | +5.3% |
| Contributions | 10/11 | €16,160 | €16,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,330 | €37,030 | +€2,700 | +7.9% |
| Amounts payable | 17/49 | €5,512 | €5,758 | +€246 | +4.5% |
| Amounts payable within one year | 42/48 | €5,512 | €5,758 | +€246 | +4.5% |
| Trade debts | 44 | €569 | €2,712 | +€2,143 | +377% |
| Suppliers | 440/4 | €569 | €2,712 | +€2,143 | +377% |
| Taxes, remuneration and social security | 45 | €4,943 | €3,046 | -€1,897 | -38.4% |
| Taxes | 450/3 | €4,943 | €3,046 | -€1,897 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,877 | €2,936 | -€941 | -24.3% |
| Other operating charges | 640/8 | €457 | €400 | -€57 | -12.5% |
| Gross operating margin | 9900 | €13,270 | €7,245 | -€6,025 | -45.4% |
| Operating profit (loss) | 9901 | €8,936 | €3,909 | -€5,027 | -56.3% |
| Financial charges | 65/66B | €140 | €353 | +€213 | +152% |
| Recurring financial charges | 65 | €140 | €353 | +€213 | +152% |
| Profit (loss) for the period before taxes | 9903 | €8,796 | €3,556 | -€5,240 | -59.6% |
| Income taxes | 67/77 | €2,247 | €856 | -€1,391 | -61.9% |
| Profit (loss) for the period | 9904 | €6,549 | €2,700 | -€3,849 | -58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,549 | €2,700 | -€3,849 | -58.8% |
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 20 October 2026 via checked.be.