Filoes: 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.
Filoes
Largest movements
- Stocks and contracts +€10,407
up €10,407 (+86.4%), from €12,047 to €22,454
- Cash -€7,448
down €7,448 (-99.0%), from €7,527 to €79
mainly Stocks and contracts (-€10,407) and Net result for the year (-€7,392)
- Receivables within one year +€4,281
up €4,281 (+129%), from €3,309 to €7,590
of which Trade receivables: +€4,405
- Tangible fixed assets -€3,424
down €3,424 (-31.4%), from €10,891 to €7,466
of which Other tangible fixed assets: -€3,214
- Intangible fixed assets -€3,194
down €3,194 (-26.9%), from €11,854 to €8,659
- Short-term financial debts +€8,506
new in 2025: €8,506
- Profit (loss) carried forward -€7,392
down €7,392 (-548%), from -€1,349 to -€8,740
- Trade debts +€5,504
up €5,504 (+30.4%), from €18,080 to €23,584
- Debts after one year -€4,526
down €4,526 (-95.6%), from €4,736 to €211
- Other debts -€540
down €540 (-53.0%), from €1,019 to €479
- Gross operating margin -€7,608
down €7,608 (-83.3%), from €9,129 to €1,521
- Taxes -€2,806
down €2,806 (-100%), from €2,806 to €0
- Financial charges +€1,083
up €1,083 (+217%), from €500 to €1,583
- Depreciation -€451
down €451 (-6.4%), from €7,070 to €6,619
- Other operating charges -€290
down €290 (-22.4%), from €1,296 to €1,006
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 | €45,627 | €47,127 | +€1,500 | +3.3% |
| Fixed assets | 21/28 | €22,744 | €16,126 | -€6,619 | -29.1% |
| Intangible fixed assets | 21 | €11,854 | €8,659 | -€3,194 | -26.9% |
| Tangible fixed assets | 22/27 | €10,891 | €7,466 | -€3,424 | -31.4% |
| Plant, machinery and equipment | 23 | €218 | €56 | -€162 | -74.2% |
| Furniture and vehicles | 24 | €48 | €0 | -€48 | -100% |
| Other tangible fixed assets | 26 | €10,624 | €7,410 | -€3,214 | -30.3% |
| Current assets | 29/58 | €22,883 | €31,002 | +€8,119 | +35.5% |
| Stocks and contracts in progress | 3 | €12,047 | €22,454 | +€10,407 | +86.4% |
| Stocks | 30/36 | €12,047 | €22,454 | +€10,407 | +86.4% |
| Amounts receivable within one year | 40/41 | €3,309 | €7,590 | +€4,281 | +129% |
| Trade receivables | 40 | €3,015 | €7,420 | +€4,405 | +146% |
| Other amounts receivable | 41 | €294 | €169 | -€124 | -42.3% |
| Cash at bank and in hand | 54/58 | €7,527 | €79 | -€7,448 | -99.0% |
| Deferred charges and accrued income | 490/1 | - | €879 | +€879 | |
| Total equity and liabilities | 10/49 | €45,627 | €47,127 | +€1,500 | +3.3% |
| Equity | 10/15 | €17,201 | €9,810 | -€7,392 | -43.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,349 | -€8,740 | -€7,392 | -548% |
| Amounts payable | 17/49 | €28,426 | €37,318 | +€8,892 | +31.3% |
| Amounts payable after more than one year | 17 | €4,736 | €211 | -€4,526 | -95.6% |
| Financial debts | 170/4 | €4,736 | €211 | -€4,526 | -95.6% |
| Amounts payable within one year | 42/48 | €23,690 | €37,107 | +€13,417 | +56.6% |
| Current portion of amounts payable after more than one year | 42 | €4,590 | €4,526 | -€65 | -1.4% |
| Financial debts | 43 | - | €8,506 | +€8,506 | |
| Credit institutions | 430/8 | - | €8,506 | +€8,506 | |
| Trade debts | 44 | €18,080 | €23,584 | +€5,504 | +30.4% |
| Suppliers | 440/4 | €18,080 | €23,584 | +€5,504 | +30.4% |
| Taxes, remuneration and social security | 45 | €0 | €12 | +€12 | |
| Taxes | 450/3 | €0 | €12 | +€12 | |
| Other amounts payable | 47/48 | €1,019 | €479 | -€540 | -53.0% |
| Remuneration, social security and pensions | 62 | €119 | €0 | -€119 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,070 | €6,619 | -€451 | -6.4% |
| Other operating charges | 640/8 | €1,296 | €1,006 | -€290 | -22.4% |
| Gross operating margin | 9900 | €9,129 | €1,521 | -€7,608 | -83.3% |
| Operating profit (loss) | 9901 | €644 | -€6,103 | -€6,748 | |
| Financial income | 75/76B | €169 | €295 | +€125 | +73.8% |
| Recurring financial income | 75 | €169 | €295 | +€125 | +73.8% |
| Financial charges | 65/66B | €500 | €1,583 | +€1,083 | +217% |
| Recurring financial charges | 65 | €500 | €1,583 | +€1,083 | +217% |
| Profit (loss) for the period before taxes | 9903 | €314 | -€7,392 | -€7,706 | |
| Income taxes | 67/77 | €2,806 | €0 | -€2,806 | -100% |
| Profit (loss) for the period | 9904 | -€2,492 | -€7,392 | -€4,900 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,492 | -€7,392 | -€4,900 | -197% |
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 14 October 2026 via checked.be.