EXTEND: 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.
EXTEND
Largest movements
- Receivables within one year -€31,815
down €31,815 (-73.0%), from €43,555 to €11,740
of which Trade receivables: -€23,835
- Tangible fixed assets -€4,819
down €4,819 (-31.8%), from €15,152 to €10,333
- Cash -€3,931
down €3,931 (-71.8%), from €5,474 to €1,543
mainly Net result for the year (-€17,877) and Trade debts (-€15,112)
- Deferred charges and accrued income -€1,949
down €1,949 (-55.7%), from €3,499 to €1,550
- Intangible fixed assets -€1,346
down €1,346 (-50.0%), from €2,692 to €1,346
- Profit (loss) carried forward -€17,877
down €17,877 (-326.8%), from -€5,471 to -€23,348
- Trade debts -€15,112
down €15,112 (-89.5%), from €16,888 to €1,775
- Advances received -€7,723
down €7,723 (-96.3%), from €8,016 to €293
- Tax, wage and social debts -€3,028
down €3,028 (-60.0%), from €5,048 to €2,020
- Gross operating margin -€13,438
down €13,438, from €2,950 to -€10,488
- Depreciation -€1,647
down €1,647 (-21.1%), from €7,812 to €6,165
- Financial income -€374
down €374 (-99.5%), from €375 to €2
- Financial charges +€208
up €208 (+43.4%), from €479 to €686
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 | €130,372 | €86,512 | -€43,860 | -33.6% |
| Fixed assets | 21/28 | €17,844 | €11,679 | -€6,165 | -34.5% |
| Intangible fixed assets | 21 | €2,692 | €1,346 | -€1,346 | -50.0% |
| Tangible fixed assets | 22/27 | €15,152 | €10,333 | -€4,819 | -31.8% |
| Land and buildings | 22 | €6,867 | €5,228 | -€1,639 | -23.9% |
| Plant, machinery and equipment | 23 | €4,688 | €3,483 | -€1,205 | -25.7% |
| Furniture and vehicles | 24 | €3,597 | €1,622 | -€1,975 | -54.9% |
| Current assets | 29/58 | €112,528 | €74,833 | -€37,695 | -33.5% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €43,555 | €11,740 | -€31,815 | -73.0% |
| Trade receivables | 40 | €28,545 | €4,710 | -€23,835 | -83.5% |
| Other amounts receivable | 41 | €15,010 | €7,029 | -€7,980 | -53.2% |
| Cash at bank and in hand | 54/58 | €5,474 | €1,543 | -€3,931 | -71.8% |
| Deferred charges and accrued income | 490/1 | €3,499 | €1,550 | -€1,949 | -55.7% |
| Total equity and liabilities | 10/49 | €130,372 | €86,512 | -€43,860 | -33.6% |
| Equity | 10/15 | €100,186 | €82,309 | -€17,877 | -17.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €43,657 | €43,657 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €37,457 | €37,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,471 | -€23,348 | -€17,877 | -326.8% |
| Amounts payable | 17/49 | €30,186 | €4,203 | -€25,983 | -86.1% |
| Amounts payable within one year | 42/48 | €29,952 | €4,088 | -€25,864 | -86.4% |
| Trade debts | 44 | €16,888 | €1,775 | -€15,112 | -89.5% |
| Suppliers | 440/4 | €16,888 | €1,775 | -€15,112 | -89.5% |
| Advances received on contracts in progress | 46 | €8,016 | €293 | -€7,723 | -96.3% |
| Taxes, remuneration and social security | 45 | €5,048 | €2,020 | -€3,028 | -60.0% |
| Taxes | 450/3 | €5,048 | €2,020 | -€3,028 | -60.0% |
| Accrued charges and deferred income | 492/3 | €234 | €115 | -€119 | -50.8% |
| Non-recurring operating income | 76A | €144 | - | -€144 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,812 | €6,165 | -€1,647 | -21.1% |
| Other operating charges | 640/8 | €505 | €548 | +€42 | +8.4% |
| Gross operating margin | 9900 | €2,950 | -€10,488 | -€13,438 | |
| Operating profit (loss) | 9901 | -€5,368 | -€17,201 | -€11,834 | -220.5% |
| Financial income | 75/76B | €375 | €2 | -€374 | -99.5% |
| Recurring financial income | 75 | €375 | €2 | -€374 | -99.5% |
| Financial charges | 65/66B | €479 | €686 | +€208 | +43.4% |
| Recurring financial charges | 65 | €479 | €686 | +€208 | +43.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,471 | -€17,886 | -€12,415 | -226.9% |
| Income taxes | 67/77 | - | -€8 | -€8 | |
| Profit (loss) for the period | 9904 | -€5,471 | -€17,877 | -€12,407 | -226.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,471 | -€17,877 | -€12,407 | -226.8% |
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 5 October 2026 via checked.be.