FULL ADVICE: 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.
FULL ADVICE
Largest movements
- Cash -€37,688
down €37,688 (-84.4%), from €44,640 to €6,952
mainly Contributions, distributions and other (-€110,000) and Debts after one year (-€26,918)
- Tangible fixed assets -€14,016
down €14,016 (-40.6%), from €34,550 to €20,535
- Debts after one year -€26,918
down €26,918 (-38.0%), from €70,798 to €43,880
- Profit (loss) carried forward -€16,859
down €16,859 (-31.6%), from €53,367 to €36,508
- Tax, wage and social debts -€5,272
down €5,272 (-68.1%), from €7,738 to €2,466
- Other debts -€2,874
down €2,874 (-8.7%), from €32,949 to €30,075
- Financial income -€15,200
down €15,200 (-14.6%), from €104,000 to €88,800
- Depreciation +€6,179
up €6,179 (+78.8%), from €7,837 to €14,016
- Taxes -€1,822
down €1,822 (-49.6%), from €3,674 to €1,852
- Financial charges +€1,748
up €1,748 (+45.9%), from €3,810 to €5,558
- Gross operating margin +€1,086
up €1,086 (+4.3%), from €25,138 to €26,224
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 | €201,416 | €150,500 | -€50,916 | -25.3% |
| Fixed assets | 21/28 | €151,060 | €137,045 | -€14,016 | -9.3% |
| Tangible fixed assets | 22/27 | €34,550 | €20,535 | -€14,016 | -40.6% |
| Furniture and vehicles | 24 | €34,550 | €20,535 | -€14,016 | -40.6% |
| Financial fixed assets | 28 | €116,510 | €116,510 | = | 0.0% |
| Current assets | 29/58 | €50,356 | €13,455 | -€36,901 | -73.3% |
| Amounts receivable within one year | 40/41 | €4,346 | €5,548 | +€1,203 | +27.7% |
| Trade receivables | 40 | €1,234 | €3,074 | +€1,839 | +149.0% |
| Other amounts receivable | 41 | €3,112 | €2,475 | -€637 | -20.5% |
| Cash at bank and in hand | 54/58 | €44,640 | €6,952 | -€37,688 | -84.4% |
| Deferred charges and accrued income | 490/1 | €1,370 | €955 | -€416 | -30.3% |
| Total equity and liabilities | 10/49 | €201,416 | €150,500 | -€50,916 | -25.3% |
| Equity | 10/15 | €63,367 | €46,508 | -€16,859 | -26.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,367 | €36,508 | -€16,859 | -31.6% |
| Amounts payable | 17/49 | €138,049 | €103,992 | -€34,057 | -24.7% |
| Amounts payable after more than one year | 17 | €70,798 | €43,880 | -€26,918 | -38.0% |
| Financial debts | 170/4 | €70,798 | €43,880 | -€26,918 | -38.0% |
| Amounts payable within one year | 42/48 | €66,639 | €59,459 | -€7,180 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €25,950 | €26,918 | +€968 | +3.7% |
| Trade debts | 44 | €2 | - | -€2 | |
| Suppliers | 440/4 | €2 | - | -€2 | |
| Taxes, remuneration and social security | 45 | €7,738 | €2,466 | -€5,272 | -68.1% |
| Taxes | 450/3 | €7,738 | €2,466 | -€5,272 | -68.1% |
| Other amounts payable | 47/48 | €32,949 | €30,075 | -€2,874 | -8.7% |
| Accrued charges and deferred income | 492/3 | €613 | €653 | +€41 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,837 | €14,016 | +€6,179 | +78.8% |
| Other operating charges | 640/8 | €1,497 | €459 | -€1,038 | -69.4% |
| Gross operating margin | 9900 | €25,138 | €26,224 | +€1,086 | +4.3% |
| Operating profit (loss) | 9901 | €15,805 | €11,750 | -€4,055 | -25.7% |
| Financial income | 75/76B | €104,000 | €88,800 | -€15,200 | -14.6% |
| Recurring financial income | 75 | €104,000 | €88,800 | -€15,200 | -14.6% |
| Financial charges | 65/66B | €3,810 | €5,558 | +€1,748 | +45.9% |
| Recurring financial charges | 65 | €3,810 | €5,558 | +€1,748 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | €115,995 | €94,992 | -€21,002 | -18.1% |
| Income taxes | 67/77 | €3,674 | €1,852 | -€1,822 | -49.6% |
| Profit (loss) for the period | 9904 | €112,321 | €93,141 | -€19,180 | -17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €112,321 | €93,141 | -€19,180 | -17.1% |
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 4 October 2026 via checked.be.