FACE J: 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.
FACE J
Largest movements
- Cash -€16,854
down €16,854 (-17.1%), from €98,557 to €81,703
mainly Net result for the year (-€18,197) and Trade debts (-€8,942)
- Tangible fixed assets -€10,537
down €10,537 (-40.5%), from €26,029 to €15,493
of which Furniture and vehicles: -€8,550
- Stocks and contracts -€10,316
down €10,316 (-100.0%), from €10,316 to €0
- Receivables within one year +€5,438
up €5,438 (+29.4%), from €18,476 to €23,914
of which Trade receivables: +€4,463
- Reserves -€18,000
down €18,000 (-40.0%), from €45,000 to €27,000
- Trade debts -€8,942
down €8,942 (-41.4%), from €21,581 to €12,639
- Other debts -€2,357
down €2,357 (-3.4%), from €70,314 to €67,957
- Tax, wage and social debts -€1,776
down €1,776 (-53.0%), from €3,350 to €1,574
of which Remuneration and social security: -€1,850
- Gross operating margin -€79,752
down €79,752, from €78,495 to -€1,257
- Taxes -€12,195
down €12,195 (-99.7%), from €12,238 to €43
- Depreciation -€2,516
down €2,516 (-15.9%), from €15,803 to €13,287
- Financial charges -€1,260
down €1,260 (-27.3%), from €4,609 to €3,350
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 | €154,501 | €122,232 | -€32,269 | -20.9% |
| Fixed assets | 21/28 | €26,029 | €15,493 | -€10,537 | -40.5% |
| Tangible fixed assets | 22/27 | €26,029 | €15,493 | -€10,537 | -40.5% |
| Plant, machinery and equipment | 23 | €11,093 | €9,106 | -€1,987 | -17.9% |
| Furniture and vehicles | 24 | €14,937 | €6,387 | -€8,550 | -57.2% |
| Current assets | 29/58 | €128,471 | €106,739 | -€21,732 | -16.9% |
| Stocks and contracts in progress | 3 | €10,316 | €0 | -€10,316 | -100.0% |
| Stocks | 30/36 | €10,316 | €0 | -€10,316 | -100.0% |
| Amounts receivable within one year | 40/41 | €18,476 | €23,914 | +€5,438 | +29.4% |
| Trade receivables | 40 | €14,358 | €18,822 | +€4,463 | +31.1% |
| Other amounts receivable | 41 | €4,117 | €5,092 | +€975 | +23.7% |
| Cash at bank and in hand | 54/58 | €98,557 | €81,703 | -€16,854 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,122 | €1,122 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €154,501 | €122,232 | -€32,269 | -20.9% |
| Equity | 10/15 | €55,518 | €37,321 | -€18,197 | -32.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €27,000 | -€18,000 | -40.0% |
| Distributable reserves | 133 | €45,000 | €27,000 | -€18,000 | -40.0% |
| Profit (loss) carried forward | 14 | €518 | €321 | -€197 | -38.1% |
| Amounts payable | 17/49 | €98,982 | €84,911 | -€14,071 | -14.2% |
| Amounts payable within one year | 42/48 | €95,244 | €82,170 | -€13,075 | -13.7% |
| Trade debts | 44 | €21,581 | €12,639 | -€8,942 | -41.4% |
| Suppliers | 440/4 | €21,581 | €12,639 | -€8,942 | -41.4% |
| Taxes, remuneration and social security | 45 | €3,350 | €1,574 | -€1,776 | -53.0% |
| Taxes | 450/3 | €1,500 | €1,574 | +€74 | +4.9% |
| Remuneration and social security | 454/9 | €1,850 | €0 | -€1,850 | -100.0% |
| Other amounts payable | 47/48 | €70,314 | €67,957 | -€2,357 | -3.4% |
| Accrued charges and deferred income | 492/3 | €3,738 | €2,742 | -€997 | -26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,803 | €13,287 | -€2,516 | -15.9% |
| Other operating charges | 640/8 | €384 | €313 | -€71 | -18.6% |
| Gross operating margin | 9900 | €78,495 | -€1,257 | -€79,752 | |
| Operating profit (loss) | 9901 | €62,308 | -€14,858 | -€77,165 | |
| Financial income | 75/76B | €58 | €53 | -€5 | -9.3% |
| Recurring financial income | 75 | €58 | €53 | -€5 | -9.3% |
| Financial charges | 65/66B | €4,609 | €3,350 | -€1,260 | -27.3% |
| Recurring financial charges | 65 | €4,609 | €3,350 | -€1,260 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €57,756 | -€18,155 | -€75,911 | |
| Income taxes | 67/77 | €12,238 | €43 | -€12,195 | -99.7% |
| Profit (loss) for the period | 9904 | €45,518 | -€18,197 | -€63,716 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,518 | -€18,197 | -€63,716 |
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 28 September 2026 via checked.be.