GALLERY: 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.
GALLERY
Largest movements
- Receivables within one year -€78,461
down €78,461 (-97.8%), from €80,230 to €1,769
of which Other amounts receivable: -€78,160
- Cash -€36,453
no longer reported in 2025 (was €36,453)
mainly Net result for the year (-€58,940) and Tax, wage and social debts (-€49,413)
- Stocks and contracts -€2,549
down €2,549 (-60.0%), from €4,250 to €1,701
- Deferred charges and accrued income +€2,037
up €2,037 (+31.0%), from €6,564 to €8,601
- Profit (loss) carried forward -€58,940
down €58,940 (-487%), from -€12,106 to -€71,047
- Tax, wage and social debts -€49,413
down €49,413 (-94.1%), from €52,490 to €3,077
of which Taxes: -€26,593
- Trade debts -€9,972
down €9,972 (-38.8%), from €25,692 to €15,720
- Gross operating margin -€38,057
down €38,057 (-28.3%), from €134,356 to €96,299
- Staff costs -€13,694
down €13,694 (-9.2%), from €148,885 to €135,190
- Financial income -€6,563
down €6,563 (-100.0%), from €6,564 to €1
- Other operating charges -€6,015
down €6,015 (-63.3%), from €9,507 to €3,492
- Financial charges +€1,926
up €1,926 (+13.6%), from €14,176 to €16,102
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 | €134,276 | €18,334 | -€115,942 | -86.3% |
| Fixed assets | 21/28 | €6,719 | €6,264 | -€456 | -6.8% |
| Tangible fixed assets | 22/27 | €6,233 | €5,777 | -€456 | -7.3% |
| Plant, machinery and equipment | 23 | €1,000 | €750 | -€250 | -25.0% |
| Furniture and vehicles | 24 | €5,233 | €5,027 | -€206 | -3.9% |
| Financial fixed assets | 28 | €486 | €486 | = | 0.0% |
| Current assets | 29/58 | €127,556 | €12,070 | -€115,486 | -90.5% |
| Stocks and contracts in progress | 3 | €4,250 | €1,701 | -€2,549 | -60.0% |
| Stocks | 30/36 | €4,250 | €1,701 | -€2,549 | -60.0% |
| Amounts receivable within one year | 40/41 | €80,230 | €1,769 | -€78,461 | -97.8% |
| Trade receivables | 40 | €301 | - | -€301 | |
| Other amounts receivable | 41 | €79,928 | €1,769 | -€78,160 | -97.8% |
| Current investments | 50/53 | €59 | €0 | -€59 | -99.9% |
| Cash at bank and in hand | 54/58 | €36,453 | - | -€36,453 | |
| Deferred charges and accrued income | 490/1 | €6,564 | €8,601 | +€2,037 | +31.0% |
| Total equity and liabilities | 10/49 | €134,276 | €18,334 | -€115,942 | -86.3% |
| Equity | 10/15 | €56,094 | -€2,847 | -€58,940 | |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,106 | -€71,047 | -€58,940 | -487% |
| Amounts payable | 17/49 | €78,182 | €21,181 | -€57,002 | -72.9% |
| Amounts payable within one year | 42/48 | €78,182 | €21,181 | -€57,002 | -72.9% |
| Financial debts | 43 | - | €1,291 | +€1,291 | |
| Credit institutions | 430/8 | - | €1,291 | +€1,291 | |
| Trade debts | 44 | €25,692 | €15,720 | -€9,972 | -38.8% |
| Suppliers | 440/4 | €25,692 | €15,720 | -€9,972 | -38.8% |
| Taxes, remuneration and social security | 45 | €52,490 | €3,077 | -€49,413 | -94.1% |
| Taxes | 450/3 | €28,723 | €2,129 | -€26,593 | -92.6% |
| Remuneration and social security | 454/9 | €23,767 | €948 | -€22,819 | -96.0% |
| Other amounts payable | 47/48 | - | €1,092 | +€1,092 | |
| Remuneration, social security and pensions | 62 | €148,885 | €135,190 | -€13,694 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,117 | €456 | -€1,661 | -78.5% |
| Other operating charges | 640/8 | €9,507 | €3,492 | -€6,015 | -63.3% |
| Gross operating margin | 9900 | €134,356 | €96,299 | -€38,057 | -28.3% |
| Operating profit (loss) | 9901 | -€26,152 | -€42,839 | -€16,687 | -63.8% |
| Financial income | 75/76B | €6,564 | €1 | -€6,563 | -100.0% |
| Recurring financial income | 75 | €6,564 | €1 | -€6,563 | -100.0% |
| Financial charges | 65/66B | €14,176 | €16,102 | +€1,926 | +13.6% |
| Recurring financial charges | 65 | €14,176 | €16,102 | +€1,926 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€33,764 | -€58,940 | -€25,176 | -74.6% |
| Profit (loss) for the period | 9904 | -€33,764 | -€58,940 | -€25,176 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,764 | -€58,940 | -€25,176 | -74.6% |
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.