EXPONENTIALS: 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.
EXPONENTIALS
Largest movements
- Tangible fixed assets -€13,406
down €13,406 (-22.1%), from €60,596 to €47,190
- Cash -€5,889
down €5,889 (-87.6%), from €6,725 to €836
mainly Other debts (-€13,513) and Net result for the year (-€4,299)
- Intangible fixed assets -€3,472
down €3,472 (-100.0%), from €3,472 to €0
- Other debts -€13,513
down €13,513 (-50.5%), from €26,779 to €13,266
- Reserves -€4,181
down €4,181 (-13.1%), from €31,858 to €27,677
- Profit (loss) carried forward -€2,882
down €2,882 (-2.1%), from -€135,577 to -€138,459
- Tax, wage and social debts -€1,781
down €1,781 (-24.7%), from €7,198 to €5,416
of which Taxes: -€2,099
- Provisions -€1,392
down €1,392 (-20.1%), from €6,924 to €5,532
- Depreciation -€32,889
down €32,889 (-67.7%), from €48,563 to €15,674
- Turnover -€21,823
down €21,823 (-22.3%), from €97,818 to €75,995
- Gross operating margin -€20,013
down €20,013 (-30.6%), from €65,355 to €45,342
- Purchases and services -€5,897
down €5,897 (-15.1%), from €38,980 to €33,083
- Other operating charges -€1,551
down €1,551 (-66.9%), from €2,319 to €768
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 | €87,357 | €64,867 | -€22,490 | -25.7% |
| Fixed assets | 21/28 | €64,068 | €47,190 | -€16,878 | -26.3% |
| Intangible fixed assets | 21 | €3,472 | €0 | -€3,472 | -100.0% |
| Tangible fixed assets | 22/27 | €60,596 | €47,190 | -€13,406 | -22.1% |
| Land and buildings | 22 | €44,537 | €38,137 | -€6,400 | -14.4% |
| Furniture and vehicles | 24 | €6,236 | €1,828 | -€4,408 | -70.7% |
| Other tangible fixed assets | 26 | €9,824 | €7,225 | -€2,598 | -26.4% |
| Current assets | 29/58 | €23,289 | €17,677 | -€5,612 | -24.1% |
| Amounts receivable within one year | 40/41 | €15,253 | €15,253 | = | 0.0% |
| Trade receivables | 40 | €15,253 | €15,253 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,725 | €836 | -€5,889 | -87.6% |
| Deferred charges and accrued income | 490/1 | €1,311 | €1,588 | +€277 | +21.1% |
| Total equity and liabilities | 10/49 | €87,357 | €64,867 | -€22,490 | -25.7% |
| Equity | 10/15 | €44,281 | €37,218 | -€7,063 | -16.0% |
| Contributions | 10/11 | €148,000 | €148,000 | = | 0.0% |
| Reserves | 13 | €31,858 | €27,677 | -€4,181 | -13.1% |
| Tax-exempt reserves | 132 | €31,858 | €27,677 | -€4,181 | -13.1% |
| Profit (loss) carried forward | 14 | -€135,577 | -€138,459 | -€2,882 | -2.1% |
| Provisions and deferred taxes | 16 | €6,924 | €5,532 | -€1,392 | -20.1% |
| Deferred taxes | 168 | €6,924 | €5,532 | -€1,392 | -20.1% |
| Amounts payable | 17/49 | €36,152 | €22,118 | -€14,034 | -38.8% |
| Amounts payable within one year | 42/48 | €36,152 | €22,118 | -€14,034 | -38.8% |
| Trade debts | 44 | €2,176 | €3,436 | +€1,260 | +57.9% |
| Suppliers | 440/4 | €2,176 | €3,436 | +€1,260 | +57.9% |
| Taxes, remuneration and social security | 45 | €7,198 | €5,416 | -€1,781 | -24.7% |
| Taxes | 450/3 | €3,414 | €1,316 | -€2,099 | -61.5% |
| Remuneration and social security | 454/9 | €3,783 | €4,101 | +€317 | +8.4% |
| Other amounts payable | 47/48 | €26,779 | €13,266 | -€13,513 | -50.5% |
| Turnover | 70 | €97,818 | €75,995 | -€21,823 | -22.3% |
| Non-recurring operating income | 76A | €76 | - | -€76 | |
| Goods, raw materials, services and sundry goods | 60/61 | €38,980 | €33,083 | -€5,897 | -15.1% |
| Remuneration, social security and pensions | 62 | €33,771 | €33,282 | -€489 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,563 | €15,674 | -€32,889 | -67.7% |
| Other operating charges | 640/8 | €2,319 | €768 | -€1,551 | -66.9% |
| Non-recurring operating charges | 66A | €0 | €3,822 | +€3,822 | |
| Gross operating margin | 9900 | €65,355 | €45,342 | -€20,013 | -30.6% |
| Operating profit (loss) | 9901 | -€19,298 | -€8,204 | +€11,094 | +57.5% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,365 | -€8,277 | +€11,089 | +57.3% |
| Transfer from deferred taxes | 780 | €4,156 | €4,156 | = | 0.0% |
| Income taxes | 67/77 | €120 | €179 | +€59 | +49.4% |
| Profit (loss) for the period | 9904 | -€15,329 | -€4,299 | +€11,030 | +72.0% |
| Transfer from tax-exempt reserves | 789 | €4,181 | €4,181 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €2,764 | €2,764 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,912 | -€2,882 | +€11,030 | +79.3% |
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 30 September 2026 via checked.be.