FACE TWO: 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 TWO
Largest movements
- Tangible fixed assets -€46,907
no longer reported in 2025 (was €46,907)
of which Furniture and vehicles: -€45,028
- Cash -€44,449
down €44,449 (-77.1%), from €57,656 to €13,207
mainly Net result for the year (-€37,465) and Debts after one year (-€16,220)
- Receivables within one year +€4,230
up €4,230 (+18.6%), from €22,698 to €26,928
of which Other amounts receivable: +€20,928
- Profit (loss) carried forward -€37,465
down €37,465, from €4,069 to -€33,396
- Debts after one year -€16,220
no longer reported in 2025 (was €16,220)
- Tax, wage and social debts -€16,114
down €16,114 (-82.1%), from €19,635 to €3,521
- Other debts -€13,314
no longer reported in 2025 (was €13,314)
- Current portion of long-term debt -€7,321
no longer reported in 2025 (was €7,321)
- Gross operating margin -€65,349
down €65,349, from €48,708 to -€16,641
- Other operating charges +€19,740
up €19,740 (+9,534%), from €207 to €19,947
- Depreciation -€10,612
no longer reported in 2025 (was €10,612)
- Taxes -€9,485
no longer reported in 2025 (was €9,485)
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 | €127,262 | €40,135 | -€87,127 | -68.5% |
| Fixed assets | 21/28 | €46,907 | - | -€46,907 | |
| Tangible fixed assets | 22/27 | €46,907 | - | -€46,907 | |
| Plant, machinery and equipment | 23 | €1,879 | - | -€1,879 | |
| Furniture and vehicles | 24 | €45,028 | - | -€45,028 | |
| Current assets | 29/58 | €80,355 | €40,135 | -€40,220 | -50.1% |
| Amounts receivable within one year | 40/41 | €22,698 | €26,928 | +€4,230 | +18.6% |
| Trade receivables | 40 | €22,698 | €6,000 | -€16,698 | -73.6% |
| Other amounts receivable | 41 | - | €20,928 | +€20,928 | |
| Cash at bank and in hand | 54/58 | €57,656 | €13,207 | -€44,449 | -77.1% |
| Total equity and liabilities | 10/49 | €127,262 | €40,135 | -€87,127 | -68.5% |
| Equity | 10/15 | €68,929 | €31,464 | -€37,465 | -54.4% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €63,000 | €63,000 | = | 0.0% |
| Distributable reserves | 133 | €63,000 | €63,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,069 | -€33,396 | -€37,465 | |
| Amounts payable | 17/49 | €58,333 | €8,671 | -€49,661 | -85.1% |
| Amounts payable after more than one year | 17 | €16,220 | - | -€16,220 | |
| Financial debts | 170/4 | €16,220 | - | -€16,220 | |
| Amounts payable within one year | 42/48 | €42,112 | €8,671 | -€33,441 | -79.4% |
| Current portion of amounts payable after more than one year | 42 | €7,321 | - | -€7,321 | |
| Trade debts | 44 | €1,842 | €5,150 | +€3,308 | +180% |
| Suppliers | 440/4 | €1,842 | €5,150 | +€3,308 | +180% |
| Taxes, remuneration and social security | 45 | €19,635 | €3,521 | -€16,114 | -82.1% |
| Taxes | 450/3 | €19,635 | €3,521 | -€16,114 | -82.1% |
| Other amounts payable | 47/48 | €13,314 | - | -€13,314 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,612 | - | -€10,612 | |
| Other operating charges | 640/8 | €207 | €19,947 | +€19,740 | +9,534% |
| Gross operating margin | 9900 | €48,708 | -€16,641 | -€65,349 | |
| Operating profit (loss) | 9901 | €37,889 | -€36,587 | -€74,477 | |
| Financial income | 75/76B | €415 | €351 | -€64 | -15.3% |
| Recurring financial income | 75 | €415 | €351 | -€64 | -15.3% |
| Financial charges | 65/66B | €1,356 | €1,229 | -€126 | -9.3% |
| Recurring financial charges | 65 | €1,356 | €1,229 | -€126 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €36,949 | -€37,465 | -€74,414 | |
| Income taxes | 67/77 | €9,485 | - | -€9,485 | |
| Profit (loss) for the period | 9904 | €27,464 | -€37,465 | -€64,929 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,464 | -€37,465 | -€64,929 |
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 18 October 2026 via checked.be.