EXPLORE ACTION: 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.
EXPLORE ACTION
Largest movements
- Cash -€5,986
down €5,986 (-17.4%), from €34,375 to €28,390
mainly Trade debts (-€10,397) and Other debts (-€6,453)
- Receivables within one year -€734
down €734 (-3.6%), from €20,187 to €19,453
of which Trade receivables: -€3,895
- Tangible fixed assets -€637
down €637 (-25.0%), from €2,549 to €1,911
- Reserves +€14,000
up €14,000 (+63.6%), from €22,000 to €36,000
- Trade debts -€10,397
no longer reported in 2025 (was €10,397)
- Other debts -€6,453
no longer reported in 2025 (was €6,453)
- Tax, wage and social debts -€5,076
down €5,076 (-41.7%), from €12,182 to €7,106
- Profit (loss) carried forward +€619
up €619 (+785.3%), from €79 to €698
- Gross operating margin -€15,625
down €15,625 (-44.2%), from €35,363 to €19,738
- Taxes -€8,036
down €8,036 (-67.1%), from €11,979 to €3,943
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 | €57,111 | €49,804 | -€7,307 | -12.8% |
| Fixed assets | 21/28 | €2,549 | €1,911 | -€637 | -25.0% |
| Tangible fixed assets | 22/27 | €2,549 | €1,911 | -€637 | -25.0% |
| Furniture and vehicles | 24 | €2,549 | €1,911 | -€637 | -25.0% |
| Current assets | 29/58 | €54,562 | €47,893 | -€6,670 | -12.2% |
| Amounts receivable within one year | 40/41 | €20,187 | €19,453 | -€734 | -3.6% |
| Trade receivables | 40 | €8,187 | €4,292 | -€3,895 | -47.6% |
| Other amounts receivable | 41 | €12,000 | €15,161 | +€3,161 | +26.3% |
| Cash at bank and in hand | 54/58 | €34,375 | €28,390 | -€5,986 | -17.4% |
| Deferred charges and accrued income | 490/1 | - | €50 | +€50 | |
| Total equity and liabilities | 10/49 | €57,111 | €49,804 | -€7,307 | -12.8% |
| Equity | 10/15 | €28,079 | €42,698 | +€14,619 | +52.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Outside capital | 11 | €6,000 | €6,000 | = | 0.0% |
| Other | 1109/19 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €22,000 | €36,000 | +€14,000 | +63.6% |
| Distributable reserves | 133 | €22,000 | €36,000 | +€14,000 | +63.6% |
| Profit (loss) carried forward | 14 | €79 | €698 | +€619 | +785.3% |
| Amounts payable | 17/49 | €29,032 | €7,106 | -€21,926 | -75.5% |
| Amounts payable within one year | 42/48 | €29,032 | €7,106 | -€21,926 | -75.5% |
| Trade debts | 44 | €10,397 | - | -€10,397 | |
| Suppliers | 440/4 | €10,397 | - | -€10,397 | |
| Taxes, remuneration and social security | 45 | €12,182 | €7,106 | -€5,076 | -41.7% |
| Taxes | 450/3 | €12,182 | €7,106 | -€5,076 | -41.7% |
| Other amounts payable | 47/48 | €6,453 | - | -€6,453 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €637 | €637 | = | 0.0% |
| Other operating charges | 640/8 | €684 | €706 | +€22 | +3.2% |
| Gross operating margin | 9900 | €35,363 | €19,738 | -€15,625 | -44.2% |
| Operating profit (loss) | 9901 | €34,042 | €18,395 | -€15,647 | -46.0% |
| Financial income | 75/76B | €141 | €237 | +€96 | +68.2% |
| Recurring financial income | 75 | €141 | €237 | +€96 | +68.2% |
| Financial charges | 65/66B | €125 | €70 | -€54 | -43.6% |
| Recurring financial charges | 65 | €125 | €70 | -€54 | -43.6% |
| Profit (loss) for the period before taxes | 9903 | €34,058 | €18,562 | -€15,496 | -45.5% |
| Income taxes | 67/77 | €11,979 | €3,943 | -€8,036 | -67.1% |
| Profit (loss) for the period | 9904 | €22,079 | €14,619 | -€7,460 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,079 | €14,619 | -€7,460 | -33.8% |
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 8 October 2026 via checked.be.