FINITIONS DE STYLE: 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.
FINITIONS DE STYLE
Largest movements
- Tangible fixed assets -€4,941
down €4,941 (-33.8%), from €14,605 to €9,664
of which Plant, machinery and equipment: -€3,924
- Stocks and contracts +€3,550
up €3,550 (+249%), from €1,426 to €4,976
- Receivables within one year -€3,361
down €3,361 (-22.5%), from €14,962 to €11,601
of which Other amounts receivable: -€3,018
- Cash +€829
new in 2025: €829
mainly Current portion of long-term debt (+€7,091) and Depreciation (+€4,942)
- Profit (loss) carried forward -€9,728
down €9,728 (-54.4%), from €17,872 to €8,144
- Short-term financial debts -€9,450
no longer reported in 2025 (was €9,450)
- Current portion of long-term debt +€7,091
up €7,091 (+423%), from €1,675 to €8,766
- Debts after one year +€4,930
up €4,930 (+235%), from €2,094 to €7,024
- Trade debts +€2,368
up €2,368 (+55.4%), from €4,274 to €6,642
- Gross operating margin -€9,734
down €9,734 (-52.9%), from €18,413 to €8,679
- Taxes +€2,056
up €2,056 (+58.4%), from €3,520 to €5,576
- Depreciation +€702
up €702 (+16.6%), from €4,240 to €4,942
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 | €51,134 | €47,211 | -€3,923 | -7.7% |
| Fixed assets | 21/28 | €34,746 | €29,805 | -€4,941 | -14.2% |
| Tangible fixed assets | 22/27 | €14,605 | €9,664 | -€4,941 | -33.8% |
| Plant, machinery and equipment | 23 | €10,536 | €6,612 | -€3,924 | -37.2% |
| Furniture and vehicles | 24 | €4,069 | €3,052 | -€1,017 | -25.0% |
| Financial fixed assets | 28 | €20,141 | €20,141 | = | 0.0% |
| Current assets | 29/58 | €16,388 | €17,406 | +€1,018 | +6.2% |
| Stocks and contracts in progress | 3 | €1,426 | €4,976 | +€3,550 | +249% |
| Stocks | 30/36 | €1,426 | €4,976 | +€3,550 | +249% |
| Amounts receivable within one year | 40/41 | €14,962 | €11,601 | -€3,361 | -22.5% |
| Trade receivables | 40 | €1,969 | €1,626 | -€343 | -17.4% |
| Other amounts receivable | 41 | €12,993 | €9,975 | -€3,018 | -23.2% |
| Cash at bank and in hand | 54/58 | - | €829 | +€829 | |
| Total equity and liabilities | 10/49 | €51,134 | €47,211 | -€3,923 | -7.7% |
| Equity | 10/15 | €25,353 | €15,625 | -€9,728 | -38.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,281 | €1,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,281 | €1,281 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,281 | €1,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,872 | €8,144 | -€9,728 | -54.4% |
| Amounts payable | 17/49 | €25,781 | €31,586 | +€5,805 | +22.5% |
| Amounts payable after more than one year | 17 | €2,094 | €7,024 | +€4,930 | +235% |
| Financial debts | 170/4 | €2,094 | €7,024 | +€4,930 | +235% |
| Amounts payable within one year | 42/48 | €23,687 | €24,562 | +€875 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €1,675 | €8,766 | +€7,091 | +423% |
| Financial debts | 43 | €9,450 | - | -€9,450 | |
| Credit institutions | 430/8 | €9,450 | - | -€9,450 | |
| Trade debts | 44 | €4,274 | €6,642 | +€2,368 | +55.4% |
| Suppliers | 440/4 | €4,274 | €6,642 | +€2,368 | +55.4% |
| Advances received on contracts in progress | 46 | €1,000 | €1,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €7,288 | €7,904 | +€616 | +8.5% |
| Taxes | 450/3 | €7,288 | €7,904 | +€616 | +8.5% |
| Other amounts payable | 47/48 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,240 | €4,942 | +€702 | +16.6% |
| Other operating charges | 640/8 | €50 | €9 | -€41 | -82.0% |
| Gross operating margin | 9900 | €18,413 | €8,679 | -€9,734 | -52.9% |
| Operating profit (loss) | 9901 | €14,123 | €3,728 | -€10,395 | -73.6% |
| Financial charges | 65/66B | €1,752 | €1,880 | +€128 | +7.3% |
| Recurring financial charges | 65 | €1,752 | €1,880 | +€128 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €12,371 | €1,848 | -€10,523 | -85.1% |
| Income taxes | 67/77 | €3,520 | €5,576 | +€2,056 | +58.4% |
| Profit (loss) for the period | 9904 | €8,851 | -€3,728 | -€12,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,851 | -€3,728 | -€12,579 |
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 31 October 2026 via checked.be.