GO FURTHER: 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.
GO FURTHER
Largest movements
- Cash -€86,937
down €86,937 (-75.6%), from €114,923 to €27,985
mainly Other debts (-€87,400) and Net result for the year (-€18,643)
- Receivables within one year -€25,377
down €25,377 (-41.5%), from €61,195 to €35,818
of which Trade receivables: -€37,110
- Tangible fixed assets -€5,965
down €5,965 (-13.5%), from €44,330 to €38,365
of which Other tangible fixed assets: -€4,240
- Deferred charges and accrued income -€5,105
down €5,105 (-96.4%), from €5,294 to €189
- Other debts -€87,400
no longer reported in 2025 (was €87,400)
- Profit (loss) carried forward -€18,643
down €18,643 (-16.6%), from €112,396 to €93,754
- Tax, wage and social debts -€17,013
down €17,013 (-94.1%), from €18,073 to €1,060
- Gross operating margin -€114,719
down €114,719, from €107,893 to -€6,826
- Taxes -€19,860
down €19,860 (-98.9%), from €20,086 to €225
- Financial charges -€3,232
down €3,232 (-87.9%), from €3,675 to €443
- Other operating charges +€1,534
up €1,534 (+94.7%), from €1,619 to €3,154
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 | €225,741 | €102,357 | -€123,384 | -54.7% |
| Fixed assets | 21/28 | €44,330 | €38,365 | -€5,965 | -13.5% |
| Tangible fixed assets | 22/27 | €44,330 | €38,365 | -€5,965 | -13.5% |
| Furniture and vehicles | 24 | €8,778 | €7,053 | -€1,725 | -19.6% |
| Other tangible fixed assets | 26 | €35,552 | €31,312 | -€4,240 | -11.9% |
| Current assets | 29/58 | €181,411 | €63,992 | -€117,419 | -64.7% |
| Amounts receivable within one year | 40/41 | €61,195 | €35,818 | -€25,377 | -41.5% |
| Trade receivables | 40 | €45,929 | €8,819 | -€37,110 | -80.8% |
| Other amounts receivable | 41 | €15,266 | €27,000 | +€11,733 | +76.9% |
| Cash at bank and in hand | 54/58 | €114,923 | €27,985 | -€86,937 | -75.6% |
| Deferred charges and accrued income | 490/1 | €5,294 | €189 | -€5,105 | -96.4% |
| Total equity and liabilities | 10/49 | €225,741 | €102,357 | -€123,384 | -54.7% |
| Equity | 10/15 | €115,396 | €96,754 | -€18,643 | -16.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €112,396 | €93,754 | -€18,643 | -16.6% |
| Amounts payable | 17/49 | €110,345 | €5,603 | -€104,742 | -94.9% |
| Amounts payable within one year | 42/48 | €110,345 | €5,603 | -€104,742 | -94.9% |
| Trade debts | 44 | €4,872 | €4,543 | -€329 | -6.8% |
| Suppliers | 440/4 | €4,872 | €4,543 | -€329 | -6.8% |
| Taxes, remuneration and social security | 45 | €18,073 | €1,060 | -€17,013 | -94.1% |
| Taxes | 450/3 | €18,073 | €1,060 | -€17,013 | -94.1% |
| Other amounts payable | 47/48 | €87,400 | - | -€87,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,928 | €8,424 | +€496 | +6.3% |
| Other operating charges | 640/8 | €1,619 | €3,154 | +€1,534 | +94.7% |
| Gross operating margin | 9900 | €107,893 | -€6,826 | -€114,719 | |
| Operating profit (loss) | 9901 | €98,346 | -€18,403 | -€116,749 | |
| Financial income | 75/76B | €1,014 | €429 | -€585 | -57.7% |
| Recurring financial income | 75 | €1,014 | €429 | -€585 | -57.7% |
| Financial charges | 65/66B | €3,675 | €443 | -€3,232 | -87.9% |
| Recurring financial charges | 65 | €3,675 | €443 | -€3,232 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €95,685 | -€18,417 | -€114,102 | |
| Income taxes | 67/77 | €20,086 | €225 | -€19,860 | -98.9% |
| Profit (loss) for the period | 9904 | €75,599 | -€18,643 | -€94,242 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,599 | -€18,643 | -€94,242 |
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 29 October 2026 via checked.be.