GLOBAL VIEW: 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.
GLOBAL VIEW
Largest movements
- Cash -€7,324
down €7,324 (-64.4%), from €11,378 to €4,053
mainly Net result for the year (-€7,504) and Other debts (-€1,363)
- Receivables within one year -€2,791
down €2,791 (-35.1%), from €7,949 to €5,158
of which Trade receivables: -€2,787
- Tangible fixed assets +€790
up €790 (+1682.0%), from €47 to €837
of which Plant, machinery and equipment: +€837
- Deferred charges and accrued income +€362
up €362 (+99.1%), from €365 to €728
- Profit (loss) carried forward -€7,504
down €7,504 (-241.1%), from -€3,113 to -€10,616
- Other debts -€1,363
down €1,363 (-62.7%), from €2,174 to €810
- Trade debts -€716
down €716 (-25.9%), from €2,768 to €2,051
- Tax, wage and social debts +€503
up €503 (+36.6%), from €1,375 to €1,878
of which Taxes: +€503
- Gross operating margin -€20,956
down €20,956, from €15,839 to -€5,117
- Other operating charges +€1,594
up €1,594 (+558.5%), from €285 to €1,879
- Depreciation -€1,082
down €1,082 (-88.9%), from €1,218 to €136
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 | €23,663 | €14,583 | -€9,080 | -38.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €47 | €837 | +€790 | +1682.0% |
| Tangible fixed assets | 22/27 | €47 | €837 | +€790 | +1682.0% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €837 | +€837 | |
| Furniture and vehicles | 24 | €47 | €0 | -€47 | -100.0% |
| Current assets | 29/58 | €23,616 | €13,746 | -€9,870 | -41.8% |
| Stocks and contracts in progress | 3 | €3,924 | €3,807 | -€117 | -3.0% |
| Stocks | 30/36 | €3,924 | €3,807 | -€117 | -3.0% |
| Amounts receivable within one year | 40/41 | €7,949 | €5,158 | -€2,791 | -35.1% |
| Trade receivables | 40 | €7,945 | €5,158 | -€2,787 | -35.1% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100.0% |
| Cash at bank and in hand | 54/58 | €11,378 | €4,053 | -€7,324 | -64.4% |
| Deferred charges and accrued income | 490/1 | €365 | €728 | +€362 | +99.1% |
| Total equity and liabilities | 10/49 | €23,663 | €14,583 | -€9,080 | -38.4% |
| Equity | 10/15 | €17,347 | €9,844 | -€7,504 | -43.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,113 | -€10,616 | -€7,504 | -241.1% |
| Amounts payable | 17/49 | €6,316 | €4,739 | -€1,577 | -25.0% |
| Amounts payable within one year | 42/48 | €6,316 | €4,739 | -€1,577 | -25.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,768 | €2,051 | -€716 | -25.9% |
| Suppliers | 440/4 | €2,768 | €2,051 | -€716 | -25.9% |
| Taxes, remuneration and social security | 45 | €1,375 | €1,878 | +€503 | +36.6% |
| Taxes | 450/3 | €1,375 | €1,878 | +€503 | +36.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €2,174 | €810 | -€1,363 | -62.7% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,218 | €136 | -€1,082 | -88.9% |
| Other operating charges | 640/8 | €285 | €1,879 | +€1,594 | +558.5% |
| Gross operating margin | 9900 | €15,839 | -€5,117 | -€20,956 | |
| Operating profit (loss) | 9901 | €14,336 | -€7,132 | -€21,468 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €234 | €125 | -€109 | -46.7% |
| Recurring financial charges | 65 | €234 | €125 | -€109 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €14,102 | -€7,256 | -€21,359 | |
| Income taxes | 67/77 | €242 | €247 | +€6 | +2.3% |
| Profit (loss) for the period | 9904 | €13,861 | -€7,504 | -€21,364 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,861 | -€7,504 | -€21,364 |
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 3 October 2026 via checked.be.