FIRST EVENTS INCOMING: what changed
FIRST EVENTS INCOMING
Largest movements
- Receivables within one year -€111,485
down €111,485 (-65.1%), from €171,189 to €59,704
of which Trade receivables: -€121,540
- Cash +€74,598
up €74,598 (+142%), from €52,640 to €127,239
mainly Receivables within one year (+€111,485) and Deferred charges and accrued income (+€6,372)
- Deferred charges and accrued income -€6,372
down €6,372 (-25.2%), from €25,261 to €18,889
- Trade debts -€34,634
down €34,634 (-45.2%), from €76,674 to €42,040
- Profit (loss) carried forward -€11,466
down €11,466 (-8.7%), from €131,731 to €120,266
- Tax, wage and social debts +€2,921
up €2,921 (+22.6%), from €12,947 to €15,868
of which Remuneration and social security: +€4,800
- Gross operating margin -€32,517
down €32,517 (-63.7%), from €51,072 to €18,555
- Taxes -€6,824
down €6,824 (-46.9%), from €14,545 to €7,721
- Other operating charges -€3,908
down €3,908 (-35.9%), from €10,875 to €6,967
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,973 | €207,034 | -€44,939 | -17.8% |
| Fixed assets | 21/28 | €2,883 | €1,202 | -€1,681 | -58.3% |
| Tangible fixed assets | 22/27 | €1,683 | €1,202 | -€481 | -28.6% |
| Furniture and vehicles | 24 | €243 | €122 | -€121 | -49.8% |
| Other tangible fixed assets | 26 | €1,440 | €1,080 | -€360 | -25.0% |
| Financial fixed assets | 28 | €1,200 | - | -€1,200 | |
| Current assets | 29/58 | €249,090 | €205,832 | -€43,259 | -17.4% |
| Amounts receivable within one year | 40/41 | €171,189 | €59,704 | -€111,485 | -65.1% |
| Trade receivables | 40 | €170,473 | €48,933 | -€121,540 | -71.3% |
| Other amounts receivable | 41 | €716 | €10,771 | +€10,055 | +1,405% |
| Cash at bank and in hand | 54/58 | €52,640 | €127,239 | +€74,598 | +142% |
| Deferred charges and accrued income | 490/1 | €25,261 | €18,889 | -€6,372 | -25.2% |
| Total equity and liabilities | 10/49 | €251,973 | €207,034 | -€44,939 | -17.8% |
| Equity | 10/15 | €150,191 | €138,726 | -€11,466 | -7.6% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Contributions outside capital | 11 | €6,600 | €6,600 | = | 0.0% |
| Other | 1109/19 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €11,860 | €11,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €131,731 | €120,266 | -€11,466 | -8.7% |
| Amounts payable | 17/49 | €101,782 | €68,308 | -€33,474 | -32.9% |
| Amounts payable within one year | 42/48 | €101,782 | €68,308 | -€33,474 | -32.9% |
| Trade debts | 44 | €76,674 | €42,040 | -€34,634 | -45.2% |
| Suppliers | 440/4 | €76,674 | €42,040 | -€34,634 | -45.2% |
| Advances received on contracts in progress | 46 | - | €600 | +€600 | |
| Taxes, remuneration and social security | 45 | €12,947 | €15,868 | +€2,921 | +22.6% |
| Taxes | 450/3 | €12,947 | €11,068 | -€1,879 | -14.5% |
| Remuneration and social security | 454/9 | - | €4,800 | +€4,800 | |
| Other amounts payable | 47/48 | €12,161 | €9,800 | -€2,361 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €762 | €481 | -€281 | -36.9% |
| Other operating charges | 640/8 | €10,875 | €6,967 | -€3,908 | -35.9% |
| Gross operating margin | 9900 | €51,072 | €18,555 | -€32,517 | -63.7% |
| Operating profit (loss) | 9901 | €39,435 | €11,107 | -€28,328 | -71.8% |
| Financial income | 75/76B | €170 | - | -€170 | |
| Recurring financial income | 75 | €170 | - | -€170 | |
| Financial charges | 65/66B | €1,095 | €852 | -€244 | -22.2% |
| Recurring financial charges | 65 | €1,095 | €852 | -€244 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €38,510 | €10,256 | -€28,255 | -73.4% |
| Income taxes | 67/77 | €14,545 | €7,721 | -€6,824 | -46.9% |
| Profit (loss) for the period | 9904 | €23,965 | €2,534 | -€21,431 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,965 | €2,534 | -€21,431 | -89.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.