Get Fast: 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.
Get Fast
Largest movements
- Cash -€66,639
down €66,639 (-52.0%), from €128,249 to €61,610
mainly Contributions, distributions and other (-€91,158) and Other debts (-€38,448)
- Tangible fixed assets +€27,261
up €27,261 (+1821.9%), from €1,496 to €28,757
- Receivables within one year -€1,722
down €1,722 (-4.3%), from €40,175 to €38,453
of which Trade receivables: -€5,041
- Other debts -€38,448
down €38,448 (-33.2%), from €115,932 to €77,484
- Tax, wage and social debts -€28,845
down €28,845 (-57.6%), from €50,074 to €21,229
- Debts after one year +€17,472
new in 2025: €17,472
- Current portion of long-term debt +€4,795
new in 2025: €4,795
- Trade debts +€3,926
up €3,926 (+277.6%), from €1,414 to €5,340
- Gross operating margin -€67,781
down €67,781 (-36.0%), from €188,154 to €120,372
- Taxes -€16,674
down €16,674 (-39.6%), from €42,118 to €25,444
- Financial charges -€5,477
down €5,477 (-91.1%), from €6,015 to €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.
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 | €169,921 | €128,820 | -€41,101 | -24.2% |
| Fixed assets | 21/28 | €1,496 | €28,757 | +€27,261 | +1821.9% |
| Tangible fixed assets | 22/27 | €1,496 | €28,757 | +€27,261 | +1821.9% |
| Land and buildings | 22 | - | €12,566 | +€12,566 | |
| Plant, machinery and equipment | 23 | €1,496 | €13,422 | +€11,926 | +797.0% |
| Furniture and vehicles | 24 | - | €2,769 | +€2,769 | |
| Current assets | 29/58 | €168,425 | €100,063 | -€68,362 | -40.6% |
| Amounts receivable within one year | 40/41 | €40,175 | €38,453 | -€1,722 | -4.3% |
| Trade receivables | 40 | €36,050 | €31,009 | -€5,041 | -14.0% |
| Other amounts receivable | 41 | €4,125 | €7,444 | +€3,319 | +80.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €128,249 | €61,610 | -€66,639 | -52.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €169,921 | €128,820 | -€41,101 | -24.2% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,421 | €126,320 | -€41,101 | -24.5% |
| Amounts payable after more than one year | 17 | - | €17,472 | +€17,472 | |
| Financial debts | 170/4 | - | €17,472 | +€17,472 | |
| Amounts payable within one year | 42/48 | €167,421 | €108,849 | -€58,572 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,795 | +€4,795 | |
| Trade debts | 44 | €1,414 | €5,340 | +€3,926 | +277.6% |
| Suppliers | 440/4 | €1,414 | €5,340 | +€3,926 | +277.6% |
| Taxes, remuneration and social security | 45 | €50,074 | €21,229 | -€28,845 | -57.6% |
| Taxes | 450/3 | €50,074 | €21,229 | -€28,845 | -57.6% |
| Other amounts payable | 47/48 | €115,932 | €77,484 | -€38,448 | -33.2% |
| Remuneration, social security and pensions | 62 | - | €305 | +€305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €712 | €2,350 | +€1,638 | +230.3% |
| Other operating charges | 640/8 | €1,047 | €972 | -€75 | -7.2% |
| Gross operating margin | 9900 | €188,154 | €120,372 | -€67,781 | -36.0% |
| Operating profit (loss) | 9901 | €186,395 | €116,746 | -€69,649 | -37.4% |
| Financial income | 75/76B | €1,071 | €395 | -€676 | -63.1% |
| Recurring financial income | 75 | €1,071 | €395 | -€676 | -63.1% |
| Financial charges | 65/66B | €6,015 | €538 | -€5,477 | -91.1% |
| Recurring financial charges | 65 | €6,015 | €538 | -€5,477 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €181,451 | €116,603 | -€64,848 | -35.7% |
| Income taxes | 67/77 | €42,118 | €25,444 | -€16,674 | -39.6% |
| Profit (loss) for the period | 9904 | €139,332 | €91,158 | -€48,174 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,332 | €91,158 | -€48,174 | -34.6% |
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 8 October 2026 via checked.be.