FIT FOR PURPOSE: 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.
FIT FOR PURPOSE
Largest movements
- Tangible fixed assets -€13,919
down €13,919 (-33.5%), from €41,601 to €27,682
of which Furniture and vehicles: -€9,764
- Current investments +€8,358
new in 2025: €8,358
- Cash +€2,170
up €2,170 (+23.1%), from €9,387 to €11,557
mainly Net result for the year (+€18,624) and Depreciation (+€15,821)
- Tax, wage and social debts -€30,712
down €30,712 (-86.8%), from €35,395 to €4,682
- Profit (loss) carried forward +€15,286
up €15,286 (+44.6%), from -€34,244 to -€18,957
- Current portion of long-term debt +€10,224
new in 2025: €10,224
- Debts after one year -€7,426
down €7,426 (-19.9%), from €37,345 to €29,919
- Trade debts +€6,438
up €6,438 (+83.4%), from €7,723 to €14,161
- Gross operating margin +€44,773
up €44,773, from -€6,752 to €38,021
- Other operating charges +€1,340
up €1,340 (+174%), from €768 to €2,108
- Financial charges -€1,235
down €1,235 (-53.7%), from €2,299 to €1,064
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 | €145,661 | €142,775 | -€2,886 | -2.0% |
| Fixed assets | 21/28 | €41,601 | €27,682 | -€13,919 | -33.5% |
| Tangible fixed assets | 22/27 | €41,601 | €27,682 | -€13,919 | -33.5% |
| Plant, machinery and equipment | 23 | €17,245 | €13,089 | -€4,156 | -24.1% |
| Furniture and vehicles | 24 | €24,356 | €14,592 | -€9,764 | -40.1% |
| Current assets | 29/58 | €104,060 | €115,093 | +€11,033 | +10.6% |
| Amounts receivable within one year | 40/41 | €94,673 | €95,178 | +€505 | +0.5% |
| Trade receivables | 40 | €26,134 | €26,639 | +€505 | +1.9% |
| Other amounts receivable | 41 | €68,539 | €68,539 | = | 0.0% |
| Current investments | 50/53 | - | €8,358 | +€8,358 | |
| Cash at bank and in hand | 54/58 | €9,387 | €11,557 | +€2,170 | +23.1% |
| Total equity and liabilities | 10/49 | €145,661 | €142,775 | -€2,886 | -2.0% |
| Equity | 10/15 | €58,103 | €76,726 | +€18,624 | +32.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,550 | - | -€18,550 | |
| Uncalled capital | 101 | €12,350 | - | -€12,350 | |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €86,146 | €89,484 | +€3,337 | +3.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | - | €1,855 | +€1,855 | |
| Distributable reserves | 133 | €84,291 | €87,629 | +€3,337 | +4.0% |
| Profit (loss) carried forward | 14 | -€34,244 | -€18,957 | +€15,286 | +44.6% |
| Amounts payable | 17/49 | €87,558 | €66,049 | -€21,510 | -24.6% |
| Amounts payable after more than one year | 17 | €37,345 | €29,919 | -€7,426 | -19.9% |
| Financial debts | 170/4 | €37,345 | €29,919 | -€7,426 | -19.9% |
| Amounts payable within one year | 42/48 | €50,213 | €36,129 | -€14,084 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,224 | +€10,224 | |
| Trade debts | 44 | €7,723 | €14,161 | +€6,438 | +83.4% |
| Suppliers | 440/4 | €7,723 | €14,161 | +€6,438 | +83.4% |
| Taxes, remuneration and social security | 45 | €35,395 | €4,682 | -€30,712 | -86.8% |
| Taxes | 450/3 | €35,395 | €4,682 | -€30,712 | -86.8% |
| Other amounts payable | 47/48 | €7,095 | €7,062 | -€34 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,575 | €15,821 | +€246 | +1.6% |
| Other operating charges | 640/8 | €768 | €2,108 | +€1,340 | +174% |
| Gross operating margin | 9900 | -€6,752 | €38,021 | +€44,773 | |
| Operating profit (loss) | 9901 | -€23,095 | €20,093 | +€43,188 | |
| Financial income | 75/76B | €179 | €96 | -€83 | -46.5% |
| Recurring financial income | 75 | €179 | €96 | -€83 | -46.5% |
| Financial charges | 65/66B | €2,299 | €1,064 | -€1,235 | -53.7% |
| Recurring financial charges | 65 | €2,299 | €1,064 | -€1,235 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,216 | €19,124 | +€44,340 | |
| Income taxes | 67/77 | €193 | €500 | +€307 | +159% |
| Profit (loss) for the period | 9904 | -€25,408 | €18,624 | +€44,032 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,408 | €18,624 | +€44,032 |
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 22 October 2026 via checked.be.