GET YOUR MUG 3: 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.
GET YOUR MUG 3
Largest movements
- Tangible fixed assets -€29,325
down €29,325 (-94.7%), from €30,953 to €1,628
of which Other tangible fixed assets: -€25,645
- Stocks and contracts -€2,501
no longer reported in 2025 (was €2,501)
- Cash -€1,630
down €1,630 (-40.2%), from €4,050 to €2,420
mainly Other debts (-€18,245) and Trade debts (-€11,385)
- Deferred charges and accrued income -€986
no longer reported in 2025 (was €986)
- Receivables within one year +€985
up €985 (+54.7%), from €1,802 to €2,787
of which Trade receivables: +€2,511
- Other debts -€18,245
down €18,245 (-60.4%), from €30,219 to €11,974
- Trade debts -€11,385
down €11,385 (-30.4%), from €37,477 to €26,092
- Tax, wage and social debts -€1,919
down €1,919 (-37.1%), from €5,175 to €3,256
of which Remuneration and social security: -€4,094
- Accrued charges and deferred income -€1,688
no longer reported in 2025 (was €1,688)
- Staff costs -€26,859
down €26,859 (-57.6%), from €46,620 to €19,761
- Gross operating margin +€5,284
up €5,284 (+15.2%), from €34,836 to €40,121
- Depreciation -€3,721
down €3,721 (-75.7%), from €4,917 to €1,196
- Financial charges -€417
down €417 (-38.9%), from €1,071 to €654
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 | €40,291 | €6,835 | -€33,456 | -83.0% |
| Fixed assets | 21/28 | €30,953 | €1,628 | -€29,325 | -94.7% |
| Tangible fixed assets | 22/27 | €30,953 | €1,628 | -€29,325 | -94.7% |
| Plant, machinery and equipment | 23 | €3,792 | €964 | -€2,829 | -74.6% |
| Furniture and vehicles | 24 | €1,516 | €665 | -€851 | -56.1% |
| Other tangible fixed assets | 26 | €25,645 | - | -€25,645 | |
| Current assets | 29/58 | €9,338 | €5,207 | -€4,131 | -44.2% |
| Stocks and contracts in progress | 3 | €2,501 | - | -€2,501 | |
| Stocks | 30/36 | €2,501 | - | -€2,501 | |
| Amounts receivable within one year | 40/41 | €1,802 | €2,787 | +€985 | +54.7% |
| Trade receivables | 40 | €276 | €2,787 | +€2,511 | +911% |
| Other amounts receivable | 41 | €1,526 | - | -€1,526 | |
| Cash at bank and in hand | 54/58 | €4,050 | €2,420 | -€1,630 | -40.2% |
| Deferred charges and accrued income | 490/1 | €986 | - | -€986 | |
| Total equity and liabilities | 10/49 | €40,291 | €6,835 | -€33,456 | -83.0% |
| Equity | 10/15 | -€34,266 | -€34,486 | -€220 | -0.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,766 | -€35,986 | -€220 | -0.6% |
| Amounts payable | 17/49 | €74,557 | €41,322 | -€33,236 | -44.6% |
| Amounts payable within one year | 42/48 | €72,870 | €41,322 | -€31,548 | -43.3% |
| Trade debts | 44 | €37,477 | €26,092 | -€11,385 | -30.4% |
| Suppliers | 440/4 | €37,477 | €26,092 | -€11,385 | -30.4% |
| Taxes, remuneration and social security | 45 | €5,175 | €3,256 | -€1,919 | -37.1% |
| Taxes | 450/3 | €4 | €2,180 | +€2,175 | +48,991% |
| Remuneration and social security | 454/9 | €5,170 | €1,076 | -€4,094 | -79.2% |
| Other amounts payable | 47/48 | €30,219 | €11,974 | -€18,245 | -60.4% |
| Accrued charges and deferred income | 492/3 | €1,688 | - | -€1,688 | |
| Non-recurring operating income | 76A | €204 | €5 | -€199 | -97.6% |
| Remuneration, social security and pensions | 62 | €46,620 | €19,761 | -€26,859 | -57.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,917 | €1,196 | -€3,721 | -75.7% |
| Non-recurring operating charges | 66A | €119 | €18,730 | +€18,611 | +15,699% |
| Gross operating margin | 9900 | €34,836 | €40,121 | +€5,284 | +15.2% |
| Operating profit (loss) | 9901 | -€16,819 | €434 | +€17,253 | |
| Financial income | 75/76B | €9 | €0 | -€9 | -99.1% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -99.1% |
| Financial charges | 65/66B | €1,071 | €654 | -€417 | -38.9% |
| Recurring financial charges | 65 | €1,071 | €654 | -€417 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,881 | -€220 | +€17,661 | +98.8% |
| Profit (loss) for the period | 9904 | -€17,881 | -€220 | +€17,661 | +98.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,881 | -€220 | +€17,661 | +98.8% |
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 30 October 2026 via checked.be.