Final - IT: 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.
Final - IT
Largest movements
- Tangible fixed assets -€16,768
down €16,768 (-22.8%), from €73,651 to €56,883
of which Furniture and vehicles: -€16,083
- Cash -€15,595
down €15,595 (-67.5%), from €23,101 to €7,507
mainly Other debts (-€32,413) and Contributions, distributions and other (-€27,000)
- Receivables within one year +€1,986
up €1,986 (+17.0%), from €11,671 to €13,658
of which Trade receivables: +€1,327
- Other debts -€32,413
down €32,413 (-52.6%), from €61,611 to €29,198
- Trade debts +€2,286
up €2,286 (+7357.6%), from €31 to €2,317
- Gross operating margin -€23,693
down €23,693 (-30.6%), from €77,373 to €53,680
- Taxes -€5,828
down €5,828 (-42.8%), from €13,624 to €7,796
- Depreciation +€5,761
up €5,761 (+48.7%), from €11,837 to €17,598
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 | €111,447 | €81,079 | -€30,368 | -27.2% |
| Fixed assets | 21/28 | €73,651 | €56,883 | -€16,768 | -22.8% |
| Tangible fixed assets | 22/27 | €73,651 | €56,883 | -€16,768 | -22.8% |
| Plant, machinery and equipment | 23 | €1,717 | €1,341 | -€375 | -21.9% |
| Furniture and vehicles | 24 | €71,625 | €55,542 | -€16,083 | -22.5% |
| Other tangible fixed assets | 26 | €310 | - | -€310 | |
| Current assets | 29/58 | €37,796 | €24,196 | -€13,600 | -36.0% |
| Amounts receivable within one year | 40/41 | €11,671 | €13,658 | +€1,986 | +17.0% |
| Trade receivables | 40 | €10,526 | €11,854 | +€1,327 | +12.6% |
| Other amounts receivable | 41 | €1,145 | €1,804 | +€659 | +57.5% |
| Cash at bank and in hand | 54/58 | €23,101 | €7,507 | -€15,595 | -67.5% |
| Deferred charges and accrued income | 490/1 | €3,023 | €3,032 | +€9 | +0.3% |
| Total equity and liabilities | 10/49 | €111,447 | €81,079 | -€30,368 | -27.2% |
| Equity | 10/15 | €20,461 | €20,296 | -€165 | -0.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1 | -€164 | -€165 | |
| Amounts payable | 17/49 | €90,986 | €60,784 | -€30,203 | -33.2% |
| Amounts payable after more than one year | 17 | €18,550 | €18,550 | = | 0.0% |
| Financial debts | 170/4 | €18,550 | €18,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,436 | €42,234 | -€30,203 | -41.7% |
| Trade debts | 44 | €31 | €2,317 | +€2,286 | +7357.6% |
| Suppliers | 440/4 | €31 | €2,317 | +€2,286 | +7357.6% |
| Taxes, remuneration and social security | 45 | €10,794 | €10,719 | -€75 | -0.7% |
| Taxes | 450/3 | €10,494 | €10,719 | +€225 | +2.1% |
| Remuneration and social security | 454/9 | €300 | - | -€300 | |
| Other amounts payable | 47/48 | €61,611 | €29,198 | -€32,413 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,837 | €17,598 | +€5,761 | +48.7% |
| Other operating charges | 640/8 | €95 | - | -€95 | |
| Gross operating margin | 9900 | €77,373 | €53,680 | -€23,693 | -30.6% |
| Operating profit (loss) | 9901 | €65,441 | €36,082 | -€29,359 | -44.9% |
| Financial income | 75/76B | €82 | €95 | +€14 | +16.6% |
| Recurring financial income | 75 | €82 | €95 | +€14 | +16.6% |
| Financial charges | 65/66B | €1,097 | €1,546 | +€449 | +41.0% |
| Recurring financial charges | 65 | €1,097 | €1,546 | +€449 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €64,426 | €34,631 | -€29,795 | -46.2% |
| Income taxes | 67/77 | €13,624 | €7,796 | -€5,828 | -42.8% |
| Profit (loss) for the period | 9904 | €50,802 | €26,835 | -€23,967 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,802 | €26,835 | -€23,967 | -47.2% |
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 6 October 2026 via checked.be.