FACTA NON VERBA: 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.
FACTA NON VERBA
Largest movements
- Receivables within one year +€5,167
up €5,167 (+35.1%), from €14,708 to €19,875
of which Trade receivables: +€5,631
- Cash +€3,105
up €3,105 (+35.8%), from €8,676 to €11,781
mainly Tax, wage and social debts (+€9,384) and Net result for the year (+€6,086)
- Tangible fixed assets -€2,013
down €2,013 (-34.5%), from €5,843 to €3,829
of which Plant, machinery and equipment: -€1,066
- Trade debts -€9,690
down €9,690 (-65.4%), from €14,815 to €5,125
- Tax, wage and social debts +€9,384
up €9,384 (+137%), from €6,825 to €16,210
of which Taxes: +€5,474
- Profit (loss) carried forward +€6,086
up €6,086 (+92.4%), from -€6,587 to -€501
- Gross operating margin +€16,795
up €16,795, from -€424 to €16,371
- Taxes +€2,672
up €2,672 (+128%), from €2,091 to €4,763
- Financial income -€694
down €694 (-55.9%), from €1,242 to €548
- Other operating charges +€462
up €462 (+31.7%), from €1,456 to €1,918
- Depreciation +€232
up €232 (+13.0%), from €1,781 to €2,013
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 | €48,084 | €53,864 | +€5,780 | +12.0% |
| Fixed assets | 21/28 | €7,993 | €6,000 | -€1,992 | -24.9% |
| Tangible fixed assets | 22/27 | €5,843 | €3,829 | -€2,013 | -34.5% |
| Plant, machinery and equipment | 23 | €2,719 | €1,653 | -€1,066 | -39.2% |
| Furniture and vehicles | 24 | €3,124 | €2,177 | -€947 | -30.3% |
| Financial fixed assets | 28 | €2,150 | €2,171 | +€21 | +1.0% |
| Current assets | 29/58 | €40,092 | €47,863 | +€7,772 | +19.4% |
| Amounts receivable after more than one year | 29 | €16,708 | €16,208 | -€500 | -3.0% |
| Other amounts receivable | 291 | €16,708 | €16,208 | -€500 | -3.0% |
| Amounts receivable within one year | 40/41 | €14,708 | €19,875 | +€5,167 | +35.1% |
| Trade receivables | 40 | €190 | €5,821 | +€5,631 | +2,958% |
| Other amounts receivable | 41 | €14,518 | €14,053 | -€464 | -3.2% |
| Cash at bank and in hand | 54/58 | €8,676 | €11,781 | +€3,105 | +35.8% |
| Total equity and liabilities | 10/49 | €48,084 | €53,864 | +€5,780 | +12.0% |
| Equity | 10/15 | €26,443 | €32,529 | +€6,086 | +23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €28,030 | €28,030 | = | 0.0% |
| Distributable reserves | 133 | €28,030 | €28,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,587 | -€501 | +€6,086 | +92.4% |
| Amounts payable | 17/49 | €21,641 | €21,335 | -€306 | -1.4% |
| Amounts payable within one year | 42/48 | €21,641 | €21,335 | -€306 | -1.4% |
| Trade debts | 44 | €14,815 | €5,125 | -€9,690 | -65.4% |
| Suppliers | 440/4 | €14,815 | €5,125 | -€9,690 | -65.4% |
| Taxes, remuneration and social security | 45 | €6,825 | €16,210 | +€9,384 | +137% |
| Taxes | 450/3 | €5,364 | €10,838 | +€5,474 | +102% |
| Remuneration and social security | 454/9 | €1,462 | €5,372 | +€3,910 | +268% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,781 | €2,013 | +€232 | +13.0% |
| Other operating charges | 640/8 | €1,456 | €1,918 | +€462 | +31.7% |
| Gross operating margin | 9900 | -€424 | €16,371 | +€16,795 | |
| Operating profit (loss) | 9901 | -€3,661 | €12,440 | +€16,101 | |
| Financial income | 75/76B | €1,242 | €548 | -€694 | -55.9% |
| Recurring financial income | 75 | €1,242 | €548 | -€694 | -55.9% |
| Financial charges | 65/66B | €2,077 | €2,139 | +€62 | +3.0% |
| Recurring financial charges | 65 | €2,077 | €2,139 | +€62 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,496 | €10,849 | +€15,345 | |
| Income taxes | 67/77 | €2,091 | €4,763 | +€2,672 | +128% |
| Profit (loss) for the period | 9904 | -€6,587 | €6,086 | +€12,673 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,587 | €6,086 | +€12,673 |
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 1 November 2026 via checked.be.