FOUND IN TRANSLATION: 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.
FOUND IN TRANSLATION
Largest movements
- Cash -€8,022
down €8,022 (-94.4%), from €8,500 to €478
mainly Trade debts (-€6,646) and Net result for the year (-€4,192)
- Receivables within one year +€1,741
up €1,741 (+1.9%), from €92,402 to €94,144
of which Trade receivables: +€3,094
- Tangible fixed assets -€1,346
down €1,346 (-29.9%), from €4,498 to €3,152
of which Furniture and vehicles: -€1,038
- Trade debts -€6,646
down €6,646 (-68.1%), from €9,757 to €3,111
- Profit (loss) carried forward -€4,192
down €4,192, from €0 to -€4,192
- Short-term financial debts +€2,397
new in 2025: €2,397
- Tax, wage and social debts +€2,198
up €2,198 (+66.3%), from €3,317 to €5,516
- Gross operating margin -€26,773
down €26,773 (-86.0%), from €31,142 to €4,369
- Taxes -€7,829
down €7,829 (-65.6%), from €11,943 to €4,114
- Financial income -€3,146
down €3,146 (-98.6%), from €3,189 to €43
- Other operating charges -€791
down €791 (-32.9%), from €2,402 to €1,611
- Depreciation -€383
down €383 (-22.1%), from €1,729 to €1,346
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 | €109,231 | €102,472 | -€6,758 | -6.2% |
| Fixed assets | 21/28 | €7,118 | €5,772 | -€1,346 | -18.9% |
| Tangible fixed assets | 22/27 | €4,498 | €3,152 | -€1,346 | -29.9% |
| Furniture and vehicles | 24 | €2,164 | €1,126 | -€1,038 | -48.0% |
| Other tangible fixed assets | 26 | €2,334 | €2,026 | -€308 | -13.2% |
| Financial fixed assets | 28 | €2,620 | €2,620 | = | 0.0% |
| Current assets | 29/58 | €102,113 | €96,700 | -€5,412 | -5.3% |
| Stocks and contracts in progress | 3 | €1,057 | €1,057 | = | 0.0% |
| Stocks | 30/36 | €1,057 | €1,057 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €92,402 | €94,144 | +€1,741 | +1.9% |
| Trade receivables | 40 | €8,445 | €11,539 | +€3,094 | +36.6% |
| Other amounts receivable | 41 | €83,957 | €82,604 | -€1,353 | -1.6% |
| Cash at bank and in hand | 54/58 | €8,500 | €478 | -€8,022 | -94.4% |
| Deferred charges and accrued income | 490/1 | €153 | €1,021 | +€869 | +568% |
| Total equity and liabilities | 10/49 | €109,231 | €102,472 | -€6,758 | -6.2% |
| Equity | 10/15 | €94,438 | €90,246 | -€4,192 | -4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €82,038 | €82,038 | = | 0.0% |
| Distributable reserves | 133 | €82,038 | €82,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€4,192 | -€4,192 | |
| Amounts payable | 17/49 | €14,793 | €12,226 | -€2,566 | -17.3% |
| Amounts payable within one year | 42/48 | €14,793 | €12,226 | -€2,566 | -17.3% |
| Financial debts | 43 | - | €2,397 | +€2,397 | |
| Credit institutions | 430/8 | - | €2,397 | +€2,397 | |
| Trade debts | 44 | €9,757 | €3,111 | -€6,646 | -68.1% |
| Suppliers | 440/4 | €9,757 | €3,111 | -€6,646 | -68.1% |
| Taxes, remuneration and social security | 45 | €3,317 | €5,516 | +€2,198 | +66.3% |
| Taxes | 450/3 | €3,317 | €5,516 | +€2,198 | +66.3% |
| Other amounts payable | 47/48 | €1,718 | €1,203 | -€515 | -30.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,729 | €1,346 | -€383 | -22.1% |
| Other operating charges | 640/8 | €2,402 | €1,611 | -€791 | -32.9% |
| Gross operating margin | 9900 | €31,142 | €4,369 | -€26,773 | -86.0% |
| Operating profit (loss) | 9901 | €27,011 | €1,412 | -€25,599 | -94.8% |
| Financial income | 75/76B | €3,189 | €43 | -€3,146 | -98.6% |
| Recurring financial income | 75 | €3,189 | €43 | -€3,146 | -98.6% |
| Financial charges | 65/66B | €1,470 | €1,534 | +€63 | +4.3% |
| Recurring financial charges | 65 | €1,470 | €1,534 | +€63 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €28,730 | -€78 | -€28,808 | |
| Income taxes | 67/77 | €11,943 | €4,114 | -€7,829 | -65.6% |
| Profit (loss) for the period | 9904 | €16,788 | -€4,192 | -€20,980 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,788 | -€4,192 | -€20,980 |
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 24 October 2026 via checked.be.