EXCLUSIVE EVENT: 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.
EXCLUSIVE EVENT
Largest movements
- Cash -€7,337
down €7,337 (-71.6%), from €10,240 to €2,904
mainly Investment in fixed assets (net) (-€10,201) and Trade debts (-€3,970)
- Deferred charges and accrued income +€3,649
up €3,649 (+2,965%), from €123 to €3,772
- Financial fixed assets +€1,208
new in 2025: €1,208
- Tangible fixed assets +€610
up €610 (+3.1%), from €19,909 to €20,519
of which Plant, machinery and equipment: +€4,671
- Stocks and contracts -€576
down €576 (-6.6%), from €8,776 to €8,200
- Trade debts -€3,970
down €3,970 (-44.9%), from €8,845 to €4,875
- Other debts +€3,433
up €3,433 (+33.6%), from €10,231 to €13,663
- Tax, wage and social debts -€897
down €897 (-39.5%), from €2,269 to €1,372
- Profit (loss) carried forward -€780
down €780 (-7.7%), from €10,162 to €9,382
- Depreciation +€2,154
up €2,154 (+34.6%), from €6,229 to €8,383
- Taxes -€566
down €566 (-59.9%), from €945 to €379
- Write-downs -€377
down €377 (-100%), from €377 to €0
- Other operating charges -€249
down €249 (-27.1%), from €921 to €672
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 | €51,728 | €49,514 | -€2,214 | -4.3% |
| Fixed assets | 21/28 | €19,909 | €21,727 | +€1,818 | +9.1% |
| Tangible fixed assets | 22/27 | €19,909 | €20,519 | +€610 | +3.1% |
| Plant, machinery and equipment | 23 | - | €4,671 | +€4,671 | |
| Furniture and vehicles | 24 | €19,909 | €15,848 | -€4,061 | -20.4% |
| Financial fixed assets | 28 | - | €1,208 | +€1,208 | |
| Current assets | 29/58 | €31,819 | €27,788 | -€4,032 | -12.7% |
| Stocks and contracts in progress | 3 | €8,776 | €8,200 | -€576 | -6.6% |
| Stocks | 30/36 | €8,776 | €8,200 | -€576 | -6.6% |
| Amounts receivable within one year | 40/41 | €12,680 | €12,911 | +€231 | +1.8% |
| Trade receivables | 40 | €12,514 | €11,146 | -€1,368 | -10.9% |
| Other amounts receivable | 41 | €166 | €1,765 | +€1,599 | +965% |
| Cash at bank and in hand | 54/58 | €10,240 | €2,904 | -€7,337 | -71.6% |
| Deferred charges and accrued income | 490/1 | €123 | €3,772 | +€3,649 | +2,965% |
| Total equity and liabilities | 10/49 | €51,728 | €49,514 | -€2,214 | -4.3% |
| Equity | 10/15 | €30,384 | €29,604 | -€780 | -2.6% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Reserves | 13 | €18,973 | €18,973 | = | 0.0% |
| Distributable reserves | 133 | €18,973 | €18,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,162 | €9,382 | -€780 | -7.7% |
| Amounts payable | 17/49 | €21,344 | €19,910 | -€1,434 | -6.7% |
| Amounts payable within one year | 42/48 | €21,344 | €19,910 | -€1,434 | -6.7% |
| Trade debts | 44 | €8,845 | €4,875 | -€3,970 | -44.9% |
| Suppliers | 440/4 | €8,845 | €4,875 | -€3,970 | -44.9% |
| Taxes, remuneration and social security | 45 | €2,269 | €1,372 | -€897 | -39.5% |
| Taxes | 450/3 | €2,269 | €1,372 | -€897 | -39.5% |
| Other amounts payable | 47/48 | €10,231 | €13,663 | +€3,433 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,229 | €8,383 | +€2,154 | +34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €377 | €0 | -€377 | -100% |
| Other operating charges | 640/8 | €921 | €672 | -€249 | -27.1% |
| Gross operating margin | 9900 | €10,524 | €10,446 | -€78 | -0.7% |
| Operating profit (loss) | 9901 | €2,997 | €1,391 | -€1,606 | -53.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €98 | €53 | -€45 | -45.8% |
| Recurring financial charges | 65 | €98 | €53 | -€45 | -45.8% |
| Profit (loss) for the period before taxes | 9903 | €2,899 | €1,339 | -€1,560 | -53.8% |
| Income taxes | 67/77 | €945 | €379 | -€566 | -59.9% |
| Profit (loss) for the period | 9904 | €1,954 | €960 | -€994 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,954 | €960 | -€994 | -50.9% |
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 13 October 2026 via checked.be.