FLASH: 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.
FLASH
Largest movements
- Cash -€16,803
down €16,803 (-31.1%), from €54,115 to €37,312
mainly Contributions, distributions and other (-€45,819) and Tax, wage and social debts (-€8,282)
- Tangible fixed assets -€6,468
down €6,468 (-37.0%), from €17,502 to €11,034
- Stocks and contracts +€3,455
up €3,455 (+73.7%), from €4,691 to €8,145
- Receivables within one year -€2,601
down €2,601 (-73.0%), from €3,561 to €961
of which Trade receivables: -€1,891
- Deferred charges and accrued income +€1,660
up €1,660, from €0 to €1,660
- Profit (loss) carried forward -€22,416
down €22,416 (-98.2%), from €22,819 to €403
- Other debts +€16,790
up €16,790 (+264.5%), from €6,347 to €23,137
- Tax, wage and social debts -€8,282
down €8,282 (-50.6%), from €16,376 to €8,094
of which Taxes: -€4,478
- Debts after one year -€8,185
down €8,185 (-70.1%), from €11,671 to €3,486
- Trade debts +€987
up €987 (+28.6%), from €3,445 to €4,432
- Gross operating margin +€4,719
up €4,719 (+12.5%), from €37,887 to €42,605
- Taxes +€1,428
up €1,428 (+26.3%), from €5,436 to €6,864
- Financial charges -€935
down €935 (-34.5%), from €2,712 to €1,777
- Financial income +€790
up €790 (+75929.8%), from €1 to €791
- Staff costs +€497
up €497 (+27.6%), from €1,798 to €2,295
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 | €80,593 | €59,737 | -€20,857 | -25.9% |
| Fixed assets | 21/28 | €18,226 | €11,659 | -€6,568 | -36.0% |
| Intangible fixed assets | 21 | €724 | €624 | -€100 | -13.8% |
| Tangible fixed assets | 22/27 | €17,502 | €11,034 | -€6,468 | -37.0% |
| Furniture and vehicles | 24 | €17,502 | €11,034 | -€6,468 | -37.0% |
| Current assets | 29/58 | €62,367 | €48,078 | -€14,289 | -22.9% |
| Stocks and contracts in progress | 3 | €4,691 | €8,145 | +€3,455 | +73.7% |
| Stocks | 30/36 | €4,691 | €8,145 | +€3,455 | +73.7% |
| Amounts receivable within one year | 40/41 | €3,561 | €961 | -€2,601 | -73.0% |
| Trade receivables | 40 | €2,001 | €110 | -€1,891 | -94.5% |
| Other amounts receivable | 41 | €1,560 | €851 | -€710 | -45.5% |
| Cash at bank and in hand | 54/58 | €54,115 | €37,312 | -€16,803 | -31.1% |
| Deferred charges and accrued income | 490/1 | €0 | €1,660 | +€1,660 | |
| Total equity and liabilities | 10/49 | €80,593 | €59,737 | -€20,857 | -25.9% |
| Equity | 10/15 | €34,819 | €12,403 | -€22,416 | -64.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,819 | €403 | -€22,416 | -98.2% |
| Amounts payable | 17/49 | €45,775 | €47,334 | +€1,559 | +3.4% |
| Amounts payable after more than one year | 17 | €11,671 | €3,486 | -€8,185 | -70.1% |
| Financial debts | 170/4 | €11,671 | €3,486 | -€8,185 | -70.1% |
| Amounts payable within one year | 42/48 | €34,104 | €43,848 | +€9,744 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €7,936 | €8,185 | +€249 | +3.1% |
| Trade debts | 44 | €3,445 | €4,432 | +€987 | +28.6% |
| Suppliers | 440/4 | €3,445 | €4,432 | +€987 | +28.6% |
| Taxes, remuneration and social security | 45 | €16,376 | €8,094 | -€8,282 | -50.6% |
| Taxes | 450/3 | €10,898 | €6,420 | -€4,478 | -41.1% |
| Remuneration and social security | 454/9 | €5,478 | €1,674 | -€3,804 | -69.4% |
| Other amounts payable | 47/48 | €6,347 | €23,137 | +€16,790 | +264.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,798 | €2,295 | +€497 | +27.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,900 | €8,276 | +€376 | +4.8% |
| Other operating charges | 640/8 | €958 | €782 | -€176 | -18.3% |
| Gross operating margin | 9900 | €37,887 | €42,605 | +€4,719 | +12.5% |
| Operating profit (loss) | 9901 | €27,231 | €31,253 | +€4,022 | +14.8% |
| Financial income | 75/76B | €1 | €791 | +€790 | +75929.8% |
| Recurring financial income | 75 | €1 | €791 | +€790 | +75929.8% |
| Financial charges | 65/66B | €2,712 | €1,777 | -€935 | -34.5% |
| Recurring financial charges | 65 | €2,712 | €1,777 | -€935 | -34.5% |
| Profit (loss) for the period before taxes | 9903 | €24,520 | €30,267 | +€5,747 | +23.4% |
| Income taxes | 67/77 | €5,436 | €6,864 | +€1,428 | +26.3% |
| Profit (loss) for the period | 9904 | €19,084 | €23,403 | +€4,319 | +22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,084 | €23,403 | +€4,319 | +22.6% |
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 7 October 2026 via checked.be.