FULL CONCEPT: 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.
FULL CONCEPT
Largest movements
- Cash +€26,689
up €26,689 (+8.7%), from €306,712 to €333,401
mainly Receivables within one year (+€21,052) and Depreciation (+€15,526)
- Receivables within one year -€21,052
down €21,052 (-21.9%), from €96,235 to €75,184
of which Trade receivables: -€21,965
- Tangible fixed assets -€12,721
down €12,721 (-30.0%), from €42,392 to €29,671
No liability line moved by more than 1% of the balance sheet total.
- Other operating charges +€7,643
up €7,643 (+2,184%), from €350 to €7,993
- Gross operating margin -€7,531
down €7,531 (-30.1%), from €25,035 to €17,505
- Taxes -€1,434
down €1,434 (-73.4%), from €1,954 to €520
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 | €710,488 | €703,405 | -€7,083 | -1.0% |
| Fixed assets | 21/28 | €302,541 | €289,820 | -€12,721 | -4.2% |
| Tangible fixed assets | 22/27 | €42,392 | €29,671 | -€12,721 | -30.0% |
| Furniture and vehicles | 24 | €42,392 | €29,671 | -€12,721 | -30.0% |
| Financial fixed assets | 28 | €260,149 | €260,149 | = | 0.0% |
| Current assets | 29/58 | €407,947 | €413,585 | +€5,638 | +1.4% |
| Amounts receivable within one year | 40/41 | €96,235 | €75,184 | -€21,052 | -21.9% |
| Trade receivables | 40 | €87,980 | €66,015 | -€21,965 | -25.0% |
| Other amounts receivable | 41 | €8,255 | €9,169 | +€914 | +11.1% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €306,712 | €333,401 | +€26,689 | +8.7% |
| Total equity and liabilities | 10/49 | €710,488 | €703,405 | -€7,083 | -1.0% |
| Equity | 10/15 | €686,334 | €683,375 | -€2,959 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,165 | €100,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,044 | €35,044 | = | 0.0% |
| Distributable reserves | 133 | €63,262 | €63,262 | = | 0.0% |
| Profit (loss) carried forward | 14 | €567,569 | €564,610 | -€2,959 | -0.5% |
| Amounts payable | 17/49 | €24,154 | €20,030 | -€4,124 | -17.1% |
| Amounts payable within one year | 42/48 | €24,154 | €20,030 | -€4,124 | -17.1% |
| Trade debts | 44 | - | €1,688 | +€1,688 | |
| Suppliers | 440/4 | - | €1,688 | +€1,688 | |
| Taxes, remuneration and social security | 45 | €14,154 | €11,342 | -€2,812 | -19.9% |
| Taxes | 450/3 | €8,805 | €7,326 | -€1,478 | -16.8% |
| Remuneration and social security | 454/9 | €5,349 | €4,016 | -€1,333 | -24.9% |
| Other amounts payable | 47/48 | €10,000 | €7,000 | -€3,000 | -30.0% |
| Remuneration, social security and pensions | 62 | €43 | €142 | +€100 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,716 | €15,526 | -€190 | -1.2% |
| Other operating charges | 640/8 | €350 | €7,993 | +€7,643 | +2,184% |
| Gross operating margin | 9900 | €25,035 | €17,505 | -€7,531 | -30.1% |
| Operating profit (loss) | 9901 | €8,927 | -€6,156 | -€15,083 | |
| Financial income | 75/76B | €3,726 | €3,963 | +€238 | +6.4% |
| Recurring financial income | 75 | €3,726 | €3,963 | +€238 | +6.4% |
| Financial charges | 65/66B | €289 | €246 | -€42 | -14.7% |
| Recurring financial charges | 65 | €289 | €246 | -€42 | -14.7% |
| Profit (loss) for the period before taxes | 9903 | €12,364 | -€2,439 | -€14,803 | |
| Income taxes | 67/77 | €1,954 | €520 | -€1,434 | -73.4% |
| Profit (loss) for the period | 9904 | €10,410 | -€2,959 | -€13,369 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,410 | -€2,959 | -€13,369 |
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 16 October 2026 via checked.be.