EVENT DAY: 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.
EVENT DAY
Largest movements
- Tangible fixed assets +€21,953
up €21,953 (+305.1%), from €7,196 to €29,149
of which Furniture and vehicles: +€22,673
- Cash -€7,802
down €7,802 (-77.4%), from €10,083 to €2,281
mainly Investment in fixed assets (net) (-€35,500) and Receivables within one year (-€7,768)
- Receivables within one year +€7,768
up €7,768 (+32.4%), from €23,977 to €31,745
of which Trade receivables: +€11,156
- Debts after one year +€15,000
new in 2025: €15,000
- Current portion of long-term debt +€5,978
up €5,978 (+489.1%), from €1,222 to €7,200
- Trade debts +€1,423
up €1,423 (+8.8%), from €16,183 to €17,606
- Depreciation +€6,212
up €6,212 (+84.7%), from €7,335 to €13,547
- Other operating charges +€809
up €809 (+67.9%), from €1,193 to €2,002
- Gross operating margin +€722
up €722 (+4.7%), from €15,395 to €16,117
- Financial charges -€183
down €183 (-53.1%), from €345 to €162
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 | €45,973 | €68,641 | +€22,667 | +49.3% |
| Fixed assets | 21/28 | €7,196 | €29,149 | +€21,953 | +305.1% |
| Tangible fixed assets | 22/27 | €7,196 | €29,149 | +€21,953 | +305.1% |
| Plant, machinery and equipment | 23 | €1,009 | €288 | -€721 | -71.4% |
| Furniture and vehicles | 24 | €6,187 | €28,861 | +€22,673 | +366.4% |
| Current assets | 29/58 | €38,777 | €39,492 | +€714 | +1.8% |
| Stocks and contracts in progress | 3 | €2,688 | €3,169 | +€481 | +17.9% |
| Stocks | 30/36 | €2,688 | €3,169 | +€481 | +17.9% |
| Amounts receivable within one year | 40/41 | €23,977 | €31,745 | +€7,768 | +32.4% |
| Trade receivables | 40 | €18,696 | €29,852 | +€11,156 | +59.7% |
| Other amounts receivable | 41 | €5,280 | €1,892 | -€3,388 | -64.2% |
| Cash at bank and in hand | 54/58 | €10,083 | €2,281 | -€7,802 | -77.4% |
| Deferred charges and accrued income | 490/1 | €2,030 | €2,297 | +€267 | +13.2% |
| Total equity and liabilities | 10/49 | €45,973 | €68,641 | +€22,667 | +49.3% |
| Equity | 10/15 | €28,073 | €28,218 | +€146 | +0.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,726 | €2,726 | = | 0.0% |
| Distributable reserves | 133 | €2,726 | €2,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,347 | €5,492 | +€146 | +2.7% |
| Amounts payable | 17/49 | €17,900 | €40,422 | +€22,522 | +125.8% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Financial debts | 170/4 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €17,900 | €25,422 | +€7,522 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €1,222 | €7,200 | +€5,978 | +489.1% |
| Trade debts | 44 | €16,183 | €17,606 | +€1,423 | +8.8% |
| Suppliers | 440/4 | €16,183 | €17,606 | +€1,423 | +8.8% |
| Advances received on contracts in progress | 46 | €160 | €160 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €335 | €456 | +€121 | +36.1% |
| Taxes | 450/3 | €335 | €456 | +€121 | +36.1% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,335 | €13,547 | +€6,212 | +84.7% |
| Other operating charges | 640/8 | €1,193 | €2,002 | +€809 | +67.9% |
| Gross operating margin | 9900 | €15,395 | €16,117 | +€722 | +4.7% |
| Operating profit (loss) | 9901 | €6,867 | €568 | -€6,299 | -91.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €345 | €162 | -€183 | -53.1% |
| Recurring financial charges | 65 | €345 | €162 | -€183 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €6,522 | €406 | -€6,116 | -93.8% |
| Income taxes | 67/77 | €140 | €261 | +€121 | +86.8% |
| Profit (loss) for the period | 9904 | €6,383 | €146 | -€6,237 | -97.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,383 | €146 | -€6,237 | -97.7% |
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.