GALLERY 54: 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 54
Largest movements
- Receivables within one year -€31,541
down €31,541 (-51.6%), from €61,128 to €29,587
of which Trade receivables: -€23,739
- Cash -€8,131
down €8,131 (-21.6%), from €37,730 to €29,599
mainly Trade debts (-€41,566) and Contributions, distributions and other (-€20,000)
- Tangible fixed assets -€2,419
down €2,419 (-47.0%), from €5,149 to €2,730
of which Furniture and vehicles: -€2,003
- Trade debts -€41,566
down €41,566 (-61.7%), from €67,402 to €25,836
- Gross operating margin -€790
down €790 (-3.2%), from €24,328 to €23,538
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 | €110,171 | €68,761 | -€41,410 | -37.6% |
| Fixed assets | 21/28 | €8,020 | €5,601 | -€2,419 | -30.2% |
| Tangible fixed assets | 22/27 | €5,149 | €2,730 | -€2,419 | -47.0% |
| Plant, machinery and equipment | 23 | €590 | €174 | -€416 | -70.5% |
| Furniture and vehicles | 24 | €4,559 | €2,556 | -€2,003 | -43.9% |
| Financial fixed assets | 28 | €2,871 | €2,871 | = | 0.0% |
| Current assets | 29/58 | €102,151 | €63,160 | -€38,991 | -38.2% |
| Amounts receivable within one year | 40/41 | €61,128 | €29,587 | -€31,541 | -51.6% |
| Trade receivables | 40 | €51,326 | €27,587 | -€23,739 | -46.3% |
| Other amounts receivable | 41 | €9,802 | €2,000 | -€7,802 | -79.6% |
| Cash at bank and in hand | 54/58 | €37,730 | €29,599 | -€8,131 | -21.6% |
| Deferred charges and accrued income | 490/1 | €3,293 | €3,974 | +€681 | +20.7% |
| Total equity and liabilities | 10/49 | €110,171 | €68,761 | -€41,410 | -37.6% |
| Equity | 10/15 | €19,917 | €20,278 | +€361 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,325 | €1,686 | +€361 | +27.2% |
| Amounts payable | 17/49 | €90,254 | €48,483 | -€41,771 | -46.3% |
| Amounts payable within one year | 42/48 | €90,254 | €48,483 | -€41,771 | -46.3% |
| Trade debts | 44 | €67,402 | €25,836 | -€41,566 | -61.7% |
| Suppliers | 440/4 | €67,402 | €25,836 | -€41,566 | -61.7% |
| Taxes, remuneration and social security | 45 | - | €307 | +€307 | |
| Taxes | 450/3 | - | €307 | +€307 | |
| Other amounts payable | 47/48 | €22,852 | €22,340 | -€512 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,361 | €2,419 | +€58 | +2.5% |
| Other operating charges | 640/8 | €555 | €593 | +€38 | +6.8% |
| Gross operating margin | 9900 | €24,328 | €23,538 | -€790 | -3.2% |
| Operating profit (loss) | 9901 | €21,412 | €20,526 | -€886 | -4.1% |
| Financial income | 75/76B | €1 | €143 | +€142 | +14,200% |
| Recurring financial income | 75 | €1 | €143 | +€142 | +14,200% |
| Financial charges | 65/66B | €438 | €308 | -€130 | -29.7% |
| Recurring financial charges | 65 | €438 | €308 | -€130 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €20,975 | €20,361 | -€614 | -2.9% |
| Profit (loss) for the period | 9904 | €20,975 | €20,361 | -€614 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,975 | €20,361 | -€614 | -2.9% |
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 23 October 2026 via checked.be.