FOCUS!: 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.
FOCUS!
Largest movements
- Receivables within one year -€4,122
down €4,122 (-96.6%), from €4,265 to €143
of which Trade receivables: -€2,452
- Cash +€2,846
up €2,846 (+394%), from €723 to €3,569
mainly Debts after one year (+€5,000) and Receivables within one year (+€4,122)
- Deferred charges and accrued income +€2,003
new in 2025: €2,003
- Debts after one year +€5,000
up €5,000 (+41.7%), from €12,000 to €17,000
- Profit (loss) carried forward -€4,596
down €4,596 (-16.9%), from -€27,260 to -€31,856
- Tax, wage and social debts +€357
new in 2025: €357
- Purchases and services +€8,681
up €8,681 (+24.2%), from €35,878 to €44,559
- Gross operating margin -€8,083
down €8,083, from €4,851 to -€3,232
- Depreciation -€712
down €712 (-68.1%), from €1,046 to €334
- Turnover +€598
up €598 (+1.5%), from €40,729 to €41,327
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 | €5,424 | €6,192 | +€768 | +14.2% |
| Fixed assets | 21/28 | €436 | €477 | +€41 | +9.4% |
| Tangible fixed assets | 22/27 | €436 | €477 | +€41 | +9.4% |
| Plant, machinery and equipment | 23 | €436 | €477 | +€41 | +9.4% |
| Current assets | 29/58 | €4,988 | €5,715 | +€727 | +14.6% |
| Amounts receivable within one year | 40/41 | €4,265 | €143 | -€4,122 | -96.6% |
| Trade receivables | 40 | €2,595 | €143 | -€2,452 | -94.5% |
| Other amounts receivable | 41 | €1,670 | - | -€1,670 | |
| Cash at bank and in hand | 54/58 | €723 | €3,569 | +€2,846 | +394% |
| Deferred charges and accrued income | 490/1 | - | €2,003 | +€2,003 | |
| Total equity and liabilities | 10/49 | €5,424 | €6,192 | +€768 | +14.2% |
| Equity | 10/15 | -€6,800 | -€11,396 | -€4,596 | -67.6% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Distributable reserves | 133 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,260 | -€31,856 | -€4,596 | -16.9% |
| Amounts payable | 17/49 | €12,224 | €17,588 | +€5,364 | +43.9% |
| Amounts payable after more than one year | 17 | €12,000 | €17,000 | +€5,000 | +41.7% |
| Other amounts payable | 178/9 | €12,000 | €17,000 | +€5,000 | +41.7% |
| Amounts payable within one year | 42/48 | €224 | €588 | +€364 | +163% |
| Trade debts | 44 | €224 | €231 | +€7 | +3.1% |
| Suppliers | 440/4 | €224 | €231 | +€7 | +3.1% |
| Taxes, remuneration and social security | 45 | - | €357 | +€357 | |
| Taxes | 450/3 | - | €357 | +€357 | |
| Turnover | 70 | €40,729 | €41,327 | +€598 | +1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,878 | €44,559 | +€8,681 | +24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €334 | -€712 | -68.1% |
| Other operating charges | 640/8 | €505 | €520 | +€15 | +3.0% |
| Gross operating margin | 9900 | €4,851 | -€3,232 | -€8,083 | |
| Operating profit (loss) | 9901 | €3,300 | -€4,086 | -€7,386 | |
| Financial charges | 65/66B | €285 | €510 | +€225 | +78.9% |
| Recurring financial charges | 65 | €285 | €510 | +€225 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €3,015 | -€4,596 | -€7,611 | |
| Profit (loss) for the period | 9904 | €3,015 | -€4,596 | -€7,611 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,015 | -€4,596 | -€7,611 |
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 15 October 2026 via checked.be.