FOLLOW-UP: 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.
FOLLOW-UP
Largest movements
- Cash -€25,520
no longer reported in 2025 (was €25,520)
mainly Net result for the year (-€10,587) and Receivables within one year (-€8,949)
- Receivables within one year +€8,949
up €8,949 (+33.9%), from €26,369 to €35,317
of which Other amounts receivable: +€6,647
- Tangible fixed assets -€3,061
down €3,061 (-11.3%), from €27,093 to €24,032
of which Plant, machinery and equipment: -€1,689
- Profit (loss) carried forward -€10,587
down €10,587 (-342%), from -€3,095 to -€13,682
- Accrued charges and deferred income -€8,276
down €8,276 (-26.3%), from €31,414 to €23,139
- Debts after one year -€5,893
down €5,893 (-28.4%), from €20,775 to €14,881
- Trade debts +€5,194
up €5,194 (+447%), from €1,163 to €6,357
- Short-term financial debts +€4,863
new in 2025: €4,863
- Gross operating margin -€21,009
down €21,009, from €19,597 to -€1,412
- Taxes -€3,569
down €3,569 (-92.3%), from €3,866 to €297
- Depreciation +€533
up €533 (+8.6%), from €6,230 to €6,763
- Financial income +€373
up €373 (+14.0%), from €2,662 to €3,034
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 | €119,599 | €100,268 | -€19,332 | -16.2% |
| Fixed assets | 21/28 | €27,093 | €24,032 | -€3,061 | -11.3% |
| Tangible fixed assets | 22/27 | €27,093 | €24,032 | -€3,061 | -11.3% |
| Plant, machinery and equipment | 23 | €22,209 | €20,520 | -€1,689 | -7.6% |
| Furniture and vehicles | 24 | €4,884 | €3,511 | -€1,372 | -28.1% |
| Current assets | 29/58 | €92,506 | €76,236 | -€16,270 | -17.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Other amounts receivable | 291 | €40,000 | €40,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,369 | €35,317 | +€8,949 | +33.9% |
| Trade receivables | 40 | €18,294 | €20,596 | +€2,302 | +12.6% |
| Other amounts receivable | 41 | €8,075 | €14,721 | +€6,647 | +82.3% |
| Cash at bank and in hand | 54/58 | €25,520 | - | -€25,520 | |
| Deferred charges and accrued income | 490/1 | €617 | €919 | +€301 | +48.8% |
| Total equity and liabilities | 10/49 | €119,599 | €100,268 | -€19,332 | -16.2% |
| Equity | 10/15 | €38,901 | €28,314 | -€10,587 | -27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €23,396 | €23,396 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | €22,996 | €22,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,095 | -€13,682 | -€10,587 | -342% |
| Amounts payable | 17/49 | €80,698 | €71,954 | -€8,744 | -10.8% |
| Amounts payable after more than one year | 17 | €20,775 | €14,881 | -€5,893 | -28.4% |
| Financial debts | 170/4 | €20,775 | €14,881 | -€5,893 | -28.4% |
| Amounts payable within one year | 42/48 | €28,509 | €33,934 | +€5,425 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €5,622 | €5,893 | +€271 | +4.8% |
| Financial debts | 43 | - | €4,863 | +€4,863 | |
| Credit institutions | 430/8 | - | €4,863 | +€4,863 | |
| Trade debts | 44 | €1,163 | €6,357 | +€5,194 | +447% |
| Suppliers | 440/4 | €1,163 | €6,357 | +€5,194 | +447% |
| Taxes, remuneration and social security | 45 | €18,824 | €16,820 | -€2,004 | -10.6% |
| Taxes | 450/3 | €17,324 | €15,070 | -€2,254 | -13.0% |
| Remuneration and social security | 454/9 | €1,500 | €1,750 | +€250 | +16.7% |
| Other amounts payable | 47/48 | €2,900 | - | -€2,900 | |
| Accrued charges and deferred income | 492/3 | €31,414 | €23,139 | -€8,276 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,230 | €6,763 | +€533 | +8.6% |
| Other operating charges | 640/8 | €3,551 | €3,514 | -€37 | -1.0% |
| Non-recurring operating charges | 66A | €6,955 | - | -€6,955 | |
| Gross operating margin | 9900 | €19,597 | -€1,412 | -€21,009 | |
| Operating profit (loss) | 9901 | €2,862 | -€11,689 | -€14,551 | |
| Financial income | 75/76B | €2,662 | €3,034 | +€373 | +14.0% |
| Recurring financial income | 75 | €2,662 | €3,034 | +€373 | +14.0% |
| Financial charges | 65/66B | €1,483 | €1,635 | +€152 | +10.2% |
| Recurring financial charges | 65 | €1,483 | €1,635 | +€152 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €4,040 | -€10,290 | -€14,330 | |
| Income taxes | 67/77 | €3,866 | €297 | -€3,569 | -92.3% |
| Profit (loss) for the period | 9904 | €173 | -€10,587 | -€10,761 | |
| Profit (loss) for the period to be appropriated | 9905 | €173 | -€10,587 | -€10,761 |
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 19 October 2026 via checked.be.