FIFTEEN: 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.
FIFTEEN
Largest movements
- Tangible fixed assets -€17,144
down €17,144 (-24.9%), from €68,731 to €51,587
- Receivables within one year -€4,841
down €4,841 (-33.1%), from €14,637 to €9,796
of which Other amounts receivable: -€4,841
- Other debts -€14,321
down €14,321 (-98.9%), from €14,479 to €158
- Debts after one year -€11,300
down €11,300 (-36.3%), from €31,126 to €19,826
- Tax, wage and social debts +€2,382
up €2,382 (+20.6%), from €11,547 to €13,929
of which Taxes: +€2,132
- Short-term financial debts +€1,862
up €1,862 (+731.7%), from €254 to €2,116
- Depreciation +€7,211
up €7,211 (+106.0%), from €6,800 to €14,010
- Financial charges +€1,738
up €1,738 (+403.3%), from €431 to €2,169
- Taxes -€1,279
down €1,279 (-40.2%), from €3,184 to €1,905
- Gross operating margin +€1,143
up €1,143 (+6.4%), from €17,990 to €19,133
- Other operating charges +€369
up €369 (+69.8%), from €528 to €897
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 | €87,584 | €66,254 | -€21,329 | -24.4% |
| Fixed assets | 21/28 | €68,731 | €51,587 | -€17,144 | -24.9% |
| Tangible fixed assets | 22/27 | €68,731 | €51,587 | -€17,144 | -24.9% |
| Furniture and vehicles | 24 | €68,731 | €51,587 | -€17,144 | -24.9% |
| Current assets | 29/58 | €18,852 | €14,667 | -€4,186 | -22.2% |
| Amounts receivable within one year | 40/41 | €14,637 | €9,796 | -€4,841 | -33.1% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | €4,957 | €116 | -€4,841 | -97.7% |
| Cash at bank and in hand | 54/58 | €2,358 | €2,706 | +€348 | +14.8% |
| Deferred charges and accrued income | 490/1 | €1,858 | €2,165 | +€307 | +16.5% |
| Total equity and liabilities | 10/49 | €87,584 | €66,254 | -€21,329 | -24.4% |
| Equity | 10/15 | €15,099 | €15,336 | +€237 | +1.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €14,099 | €14,336 | +€237 | +1.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €14,099 | €14,336 | +€237 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,485 | €50,919 | -€21,566 | -29.8% |
| Amounts payable after more than one year | 17 | €31,126 | €19,826 | -€11,300 | -36.3% |
| Financial debts | 170/4 | €31,126 | €19,826 | -€11,300 | -36.3% |
| Amounts payable within one year | 42/48 | €41,358 | €31,093 | -€10,266 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €10,874 | €11,300 | +€426 | +3.9% |
| Financial debts | 43 | €254 | €2,116 | +€1,862 | +731.7% |
| Credit institutions | 430/8 | €254 | €2,116 | +€1,862 | +731.7% |
| Trade debts | 44 | €4,204 | €3,589 | -€615 | -14.6% |
| Suppliers | 440/4 | €4,204 | €3,589 | -€615 | -14.6% |
| Taxes, remuneration and social security | 45 | €11,547 | €13,929 | +€2,382 | +20.6% |
| Taxes | 450/3 | €8,047 | €10,179 | +€2,132 | +26.5% |
| Remuneration and social security | 454/9 | €3,500 | €3,750 | +€250 | +7.1% |
| Other amounts payable | 47/48 | €14,479 | €158 | -€14,321 | -98.9% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,800 | €14,010 | +€7,211 | +106.0% |
| Other operating charges | 640/8 | €528 | €897 | +€369 | +69.8% |
| Gross operating margin | 9900 | €17,990 | €19,133 | +€1,143 | +6.4% |
| Operating profit (loss) | 9901 | €10,662 | €4,226 | -€6,436 | -60.4% |
| Financial income | 75/76B | €3 | €85 | +€82 | +2996.3% |
| Recurring financial income | 75 | €3 | €85 | +€82 | +2996.3% |
| Financial charges | 65/66B | €431 | €2,169 | +€1,738 | +403.3% |
| Recurring financial charges | 65 | €431 | €2,169 | +€1,738 | +403.3% |
| Profit (loss) for the period before taxes | 9903 | €10,234 | €2,141 | -€8,092 | -79.1% |
| Income taxes | 67/77 | €3,184 | €1,905 | -€1,279 | -40.2% |
| Profit (loss) for the period | 9904 | €7,050 | €237 | -€6,813 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €7,050 | €237 | -€6,813 | -96.6% |
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 10 October 2026 via checked.be.