FIRST STEP: 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.
FIRST STEP
Largest movements
- Receivables within one year +€12,017
up €12,017 (+165.6%), from €7,258 to €19,275
of which Trade receivables: +€18,686
- Stocks and contracts +€7,201
up €7,201 (+100.6%), from €7,160 to €14,360
- Cash -€3,805
down €3,805 (-66.6%), from €5,712 to €1,907
mainly Receivables within one year (-€12,017) and Net result for the year (-€11,563)
- Profit (loss) carried forward -€11,563
down €11,563 (-59.3%), from -€19,507 to -€31,070
- Tax, wage and social debts +€10,914
up €10,914 (+101.5%), from €10,749 to €21,663
of which Remuneration and social security: +€11,187
- Other debts +€10,241
up €10,241 (+139.4%), from €7,346 to €17,587
- Trade debts +€5,834
up €5,834 (+324.4%), from €1,799 to €7,633
- Gross operating margin -€19,141
down €19,141 (-52.1%), from €36,750 to €17,609
- Other operating charges -€2,537
down €2,537 (-70.1%), from €3,620 to €1,082
- Staff costs -€2,435
down €2,435 (-9.1%), from €26,632 to €24,197
- Taxes +€2,147
up €2,147, from -€1,544 to €603
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 | €20,386 | €35,813 | +€15,426 | +75.7% |
| Current assets | 29/58 | €20,386 | €35,813 | +€15,426 | +75.7% |
| Stocks and contracts in progress | 3 | €7,160 | €14,360 | +€7,201 | +100.6% |
| Stocks | 30/36 | €7,160 | €14,360 | +€7,201 | +100.6% |
| Amounts receivable within one year | 40/41 | €7,258 | €19,275 | +€12,017 | +165.6% |
| Trade receivables | 40 | - | €18,686 | +€18,686 | |
| Other amounts receivable | 41 | €7,258 | €589 | -€6,669 | -91.9% |
| Cash at bank and in hand | 54/58 | €5,712 | €1,907 | -€3,805 | -66.6% |
| Deferred charges and accrued income | 490/1 | €257 | €270 | +€14 | +5.3% |
| Total equity and liabilities | 10/49 | €20,386 | €35,813 | +€15,426 | +75.7% |
| Equity | 10/15 | €493 | -€11,070 | -€11,563 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,507 | -€31,070 | -€11,563 | -59.3% |
| Amounts payable | 17/49 | €19,894 | €46,883 | +€26,989 | +135.7% |
| Amounts payable within one year | 42/48 | €19,894 | €46,883 | +€26,989 | +135.7% |
| Trade debts | 44 | €1,799 | €7,633 | +€5,834 | +324.4% |
| Suppliers | 440/4 | €1,799 | €7,633 | +€5,834 | +324.4% |
| Taxes, remuneration and social security | 45 | €10,749 | €21,663 | +€10,914 | +101.5% |
| Taxes | 450/3 | €814 | €541 | -€273 | -33.6% |
| Remuneration and social security | 454/9 | €9,935 | €21,122 | +€11,187 | +112.6% |
| Other amounts payable | 47/48 | €7,346 | €17,587 | +€10,241 | +139.4% |
| Remuneration, social security and pensions | 62 | €26,632 | €24,197 | -€2,435 | -9.1% |
| Other operating charges | 640/8 | €3,620 | €1,082 | -€2,537 | -70.1% |
| Gross operating margin | 9900 | €36,750 | €17,609 | -€19,141 | -52.1% |
| Operating profit (loss) | 9901 | €6,498 | -€7,670 | -€14,169 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,169 | €3,291 | +€123 | +3.9% |
| Recurring financial charges | 65 | €3,169 | €3,291 | +€123 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €3,330 | -€10,961 | -€14,290 | |
| Income taxes | 67/77 | -€1,544 | €603 | +€2,147 | |
| Profit (loss) for the period | 9904 | €4,874 | -€11,563 | -€16,437 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,874 | -€11,563 | -€16,437 |
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 4 October 2026 via checked.be.