FixForm: 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.
FixForm
Largest movements
- Cash -€491,518
down €491,518 (-69.7%), from €705,577 to €214,059
mainly Net result for the year (-€394,055) and Debts after one year (-€111,870)
- Intangible fixed assets +€71,564
up €71,564 (+4,226%), from €1,693 to €73,257
- Receivables within one year -€60,005
down €60,005 (-28.6%), from €209,454 to €149,449
of which Trade receivables: -€63,358
- Tangible fixed assets +€12,138
up €12,138 (+70.5%), from €17,228 to €29,366
of which Furniture and vehicles: +€13,591
- Profit (loss) carried forward -€394,055
down €394,055 (-35.1%), from -€1.1m to -€1.5m
- Debts after one year -€111,870
down €111,870 (-28.2%), from €396,948 to €285,078
- Current portion of long-term debt +€89,632
up €89,632 (+320%), from €28,052 to €117,684
- Tax, wage and social debts -€36,253
down €36,253 (-45.1%), from €80,457 to €44,204
of which Remuneration and social security: -€32,562
- Trade debts -€19,100
down €19,100 (-49.8%), from €38,341 to €19,241
- Gross operating margin +€247,783
up €247,783, from -€131,235 to €116,548
- Staff costs +€131,577
up €131,577 (+37.6%), from €349,993 to €481,570
- Financial charges +€4,797
up €4,797 (+30.1%), from €15,941 to €20,738
- Depreciation +€3,370
up €3,370 (+46.0%), from €7,320 to €10,690
- Financial income +€1,734
up €1,734 (+86.1%), from €2,015 to €3,750
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 | €949,640 | €473,142 | -€476,498 | -50.2% |
| Fixed assets | 21/28 | €19,297 | €102,823 | +€83,527 | +433% |
| Intangible fixed assets | 21 | €1,693 | €73,257 | +€71,564 | +4,226% |
| Tangible fixed assets | 22/27 | €17,228 | €29,366 | +€12,138 | +70.5% |
| Plant, machinery and equipment | 23 | €16,795 | €15,342 | -€1,453 | -8.7% |
| Furniture and vehicles | 24 | €433 | €14,024 | +€13,591 | +3,135% |
| Financial fixed assets | 28 | €375 | €200 | -€175 | -46.7% |
| Current assets | 29/58 | €930,344 | €370,319 | -€560,025 | -60.2% |
| Amounts receivable within one year | 40/41 | €209,454 | €149,449 | -€60,005 | -28.6% |
| Trade receivables | 40 | €209,454 | €146,096 | -€63,358 | -30.2% |
| Other amounts receivable | 41 | - | €3,353 | +€3,353 | |
| Cash at bank and in hand | 54/58 | €705,577 | €214,059 | -€491,518 | -69.7% |
| Deferred charges and accrued income | 490/1 | €15,313 | €6,811 | -€8,502 | -55.5% |
| Total equity and liabilities | 10/49 | €949,640 | €473,142 | -€476,498 | -50.2% |
| Equity | 10/15 | €400,964 | €6,908 | -€394,055 | -98.3% |
| Contributions | 10/11 | €1,524,720 | €1,524,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,123,756 | -€1,517,811 | -€394,055 | -35.1% |
| Amounts payable | 17/49 | €548,677 | €466,234 | -€82,443 | -15.0% |
| Amounts payable after more than one year | 17 | €396,948 | €285,078 | -€111,870 | -28.2% |
| Financial debts | 170/4 | €396,948 | €285,078 | -€111,870 | -28.2% |
| Amounts payable within one year | 42/48 | €146,850 | €181,129 | +€34,279 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €28,052 | €117,684 | +€89,632 | +320% |
| Trade debts | 44 | €38,341 | €19,241 | -€19,100 | -49.8% |
| Suppliers | 440/4 | €38,341 | €19,241 | -€19,100 | -49.8% |
| Taxes, remuneration and social security | 45 | €80,457 | €44,204 | -€36,253 | -45.1% |
| Taxes | 450/3 | €17,623 | €13,932 | -€3,691 | -20.9% |
| Remuneration and social security | 454/9 | €62,834 | €30,272 | -€32,562 | -51.8% |
| Accrued charges and deferred income | 492/3 | €4,878 | €26 | -€4,852 | -99.5% |
| Non-recurring operating income | 76A | - | €157 | +€157 | |
| Remuneration, social security and pensions | 62 | €349,993 | €481,570 | +€131,577 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,320 | €10,690 | +€3,370 | +46.0% |
| Other operating charges | 640/8 | €816 | €1,216 | +€400 | +49.0% |
| Gross operating margin | 9900 | -€131,235 | €116,548 | +€247,783 | |
| Operating profit (loss) | 9901 | -€489,365 | -€376,928 | +€112,437 | +23.0% |
| Financial income | 75/76B | €2,015 | €3,750 | +€1,734 | +86.1% |
| Recurring financial income | 75 | €2,015 | €3,750 | +€1,734 | +86.1% |
| Financial charges | 65/66B | €15,941 | €20,738 | +€4,797 | +30.1% |
| Recurring financial charges | 65 | €15,941 | €20,738 | +€4,797 | +30.1% |
| Profit (loss) for the period before taxes | 9903 | -€503,291 | -€393,916 | +€109,375 | +21.7% |
| Income taxes | 67/77 | €322 | €139 | -€183 | -56.8% |
| Profit (loss) for the period | 9904 | -€503,613 | -€394,055 | +€109,558 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€503,613 | -€394,055 | +€109,558 | +21.8% |
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 14 October 2026 via checked.be.