F'usness: 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.
F'usness
Largest movements
- Receivables within one year -€8,419
down €8,419 (-78.3%), from €10,750 to €2,331
of which Trade receivables: -€8,419
- Cash +€896
up €896 (+87.8%), from €1,021 to €1,916
mainly Receivables within one year (+€8,419) and Net result for the year (+€6,771)
- Deferred charges and accrued income +€185
up €185 (+7.6%), from €2,434 to €2,619
- Debts after one year -€17,196
down €17,196 (-74.4%), from €23,113 to €5,917
- Profit (loss) carried forward +€6,771
up €6,771 (+5.4%), from -€126,219 to -€119,448
- Other debts +€2,503
up €2,503 (+69.2%), from €3,614 to €6,116
- Current portion of long-term debt +€804
up €804 (+4.9%), from €16,392 to €17,196
- Trade debts -€435
down €435 (-40.7%), from €1,071 to €636
- Staff costs +€27,736
up €27,736 (+60.9%), from €45,518 to €73,255
- Gross operating margin +€8,251
up €8,251 (+10.6%), from €77,866 to €86,117
- Taxes -€4,548
down €4,548 (-53.9%), from €8,441 to €3,894
- Financial charges -€2,158
down €2,158 (-54.6%), from €3,956 to €1,798
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 | €14,205 | €6,866 | -€7,338 | -51.7% |
| Current assets | 29/58 | €14,205 | €6,866 | -€7,338 | -51.7% |
| Amounts receivable within one year | 40/41 | €10,750 | €2,331 | -€8,419 | -78.3% |
| Trade receivables | 40 | €10,750 | €2,331 | -€8,419 | -78.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,021 | €1,916 | +€896 | +87.8% |
| Deferred charges and accrued income | 490/1 | €2,434 | €2,619 | +€185 | +7.6% |
| Total equity and liabilities | 10/49 | €14,205 | €6,866 | -€7,338 | -51.7% |
| Equity | 10/15 | -€55,091 | -€48,319 | +€6,771 | +12.3% |
| Contributions | 10/11 | €71,128 | €71,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,219 | -€119,448 | +€6,771 | +5.4% |
| Amounts payable | 17/49 | €69,296 | €55,186 | -€14,110 | -20.4% |
| Amounts payable after more than one year | 17 | €23,113 | €5,917 | -€17,196 | -74.4% |
| Financial debts | 170/4 | €23,113 | €5,917 | -€17,196 | -74.4% |
| Amounts payable within one year | 42/48 | €46,182 | €49,269 | +€3,086 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €16,392 | €17,196 | +€804 | +4.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,071 | €636 | -€435 | -40.7% |
| Suppliers | 440/4 | €1,071 | €636 | -€435 | -40.7% |
| Taxes, remuneration and social security | 45 | €25,106 | €25,321 | +€215 | +0.9% |
| Taxes | 450/3 | €18,228 | €19,293 | +€1,065 | +5.8% |
| Remuneration and social security | 454/9 | €6,878 | €6,028 | -€850 | -12.4% |
| Other amounts payable | 47/48 | €3,614 | €6,116 | +€2,503 | +69.2% |
| Remuneration, social security and pensions | 62 | €45,518 | €73,255 | +€27,736 | +60.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €77,866 | €86,117 | +€8,251 | +10.6% |
| Operating profit (loss) | 9901 | €31,960 | €12,463 | -€19,497 | -61.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €3,956 | €1,798 | -€2,158 | -54.6% |
| Recurring financial charges | 65 | €3,956 | €1,798 | -€2,158 | -54.6% |
| Profit (loss) for the period before taxes | 9903 | €28,004 | €10,665 | -€17,339 | -61.9% |
| Income taxes | 67/77 | €8,441 | €3,894 | -€4,548 | -53.9% |
| Profit (loss) for the period | 9904 | €19,563 | €6,771 | -€12,792 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,563 | €6,771 | -€12,792 | -65.4% |
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 1 October 2026 via checked.be.