FACE B: 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.
FACE B
Largest movements
- Receivables within one year -€31,389
down €31,389 (-67.6%), from €46,399 to €15,011
of which Trade receivables: -€31,614
- Tangible fixed assets -€24,130
down €24,130 (-17.8%), from €135,362 to €111,232
of which Land and buildings: -€16,346
- Cash +€20,323
up €20,323 (+554%), from €3,671 to €23,994
mainly Receivables within one year (+€31,389) and Depreciation (+€17,166)
- Other debts -€11,566
down €11,566 (-16.7%), from €69,120 to €57,554
- Trade debts -€11,236
down €11,236 (-72.6%), from €15,485 to €4,249
- Current portion of long-term debt -€10,440
down €10,440 (-58.9%), from €17,725 to €7,285
- Profit (loss) carried forward +€8,440
up €8,440 (+6.7%), from -€125,997 to -€117,557
- Debts after one year -€7,285
down €7,285 (-29.2%), from €24,920 to €17,635
- Gross operating margin +€2,945
up €2,945 (+9.7%), from €30,222 to €33,166
- Other operating charges +€2,668
up €2,668 (+83.2%), from €3,205 to €5,872
- Depreciation -€1,838
down €1,838 (-9.7%), from €19,004 to €17,166
- Financial charges -€1,454
down €1,454 (-46.2%), from €3,144 to €1,690
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 | €186,731 | €152,884 | -€33,848 | -18.1% |
| Fixed assets | 21/28 | €135,512 | €111,382 | -€24,130 | -17.8% |
| Tangible fixed assets | 22/27 | €135,362 | €111,232 | -€24,130 | -17.8% |
| Land and buildings | 22 | €124,355 | €108,009 | -€16,346 | -13.1% |
| Plant, machinery and equipment | 23 | €2,501 | €3,223 | +€722 | +28.9% |
| Furniture and vehicles | 24 | €8,506 | €0 | -€8,506 | -100% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €51,219 | €41,502 | -€9,718 | -19.0% |
| Amounts receivable within one year | 40/41 | €46,399 | €15,011 | -€31,389 | -67.6% |
| Trade receivables | 40 | €45,784 | €14,170 | -€31,614 | -69.0% |
| Other amounts receivable | 41 | €615 | €840 | +€225 | +36.6% |
| Cash at bank and in hand | 54/58 | €3,671 | €23,994 | +€20,323 | +554% |
| Deferred charges and accrued income | 490/1 | €1,149 | €2,497 | +€1,348 | +117% |
| Total equity and liabilities | 10/49 | €186,731 | €152,884 | -€33,848 | -18.1% |
| Equity | 10/15 | €57,722 | €66,161 | +€8,440 | +14.6% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €114,719 | €114,719 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,700 | €2,700 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,700 | €2,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,019 | €112,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,997 | -€117,557 | +€8,440 | +6.7% |
| Amounts payable | 17/49 | €129,010 | €86,722 | -€42,287 | -32.8% |
| Amounts payable after more than one year | 17 | €24,920 | €17,635 | -€7,285 | -29.2% |
| Financial debts | 170/4 | €24,920 | €17,635 | -€7,285 | -29.2% |
| Amounts payable within one year | 42/48 | €104,090 | €69,088 | -€35,002 | -33.6% |
| Current portion of amounts payable after more than one year | 42 | €17,725 | €7,285 | -€10,440 | -58.9% |
| Trade debts | 44 | €15,485 | €4,249 | -€11,236 | -72.6% |
| Suppliers | 440/4 | €15,485 | €4,249 | -€11,236 | -72.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,760 | €0 | -€1,760 | -100% |
| Taxes | 450/3 | €1,760 | €0 | -€1,760 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €69,120 | €57,554 | -€11,566 | -16.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,151 | €6,614 | +€4,463 | +207% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,004 | €17,166 | -€1,838 | -9.7% |
| Other operating charges | 640/8 | €3,205 | €5,872 | +€2,668 | +83.2% |
| Non-recurring operating charges | 66A | €5,549 | €0 | -€5,549 | -100% |
| Gross operating margin | 9900 | €30,222 | €33,166 | +€2,945 | +9.7% |
| Operating profit (loss) | 9901 | €2,464 | €10,128 | +€7,664 | +311% |
| Financial income | 75/76B | €1 | €1 | +€1 | +153% |
| Recurring financial income | 75 | €1 | €1 | +€1 | +153% |
| Financial charges | 65/66B | €3,144 | €1,690 | -€1,454 | -46.2% |
| Recurring financial charges | 65 | €3,144 | €1,690 | -€1,454 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | -€679 | €8,440 | +€9,119 | |
| Profit (loss) for the period | 9904 | -€679 | €8,440 | +€9,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€679 | €8,440 | +€9,119 |
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 22 October 2026 via checked.be.