GO NOGO: 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 NOGO
Largest movements
- Receivables within one year -€28,631
down €28,631 (-26.0%), from €110,241 to €81,611
of which Trade receivables: -€26,580
- Tangible fixed assets +€4,735
new in 2025: €4,735
- Trade debts -€25,710
down €25,710 (-41.2%), from €62,417 to €36,707
- Reserves +€2,319
up €2,319 (+30.1%), from €7,717 to €10,036
- Gross operating margin -€67,618
down €67,618 (-50.5%), from €133,792 to €66,174
- Staff costs +€4,790
up €4,790 (+8.3%), from €57,748 to €62,538
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 | €117,456 | €93,320 | -€24,136 | -20.5% |
| Fixed assets | 21/28 | - | €4,735 | +€4,735 | |
| Tangible fixed assets | 22/27 | - | €4,735 | +€4,735 | |
| Furniture and vehicles | 24 | - | €4,735 | +€4,735 | |
| Current assets | 29/58 | €117,456 | €88,585 | -€28,871 | -24.6% |
| Amounts receivable within one year | 40/41 | €110,241 | €81,611 | -€28,631 | -26.0% |
| Trade receivables | 40 | €96,597 | €70,018 | -€26,580 | -27.5% |
| Other amounts receivable | 41 | €13,644 | €11,593 | -€2,051 | -15.0% |
| Cash at bank and in hand | 54/58 | €7,194 | €6,974 | -€220 | -3.1% |
| Deferred charges and accrued income | 490/1 | €20 | - | -€20 | |
| Total equity and liabilities | 10/49 | €117,456 | €93,320 | -€24,136 | -20.5% |
| Equity | 10/15 | €17,717 | €20,036 | +€2,319 | +13.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €7,717 | €10,036 | +€2,319 | +30.1% |
| Distributable reserves | 133 | €7,717 | €10,036 | +€2,319 | +30.1% |
| Amounts payable | 17/49 | €99,739 | €73,284 | -€26,455 | -26.5% |
| Amounts payable within one year | 42/48 | €99,739 | €73,284 | -€26,455 | -26.5% |
| Trade debts | 44 | €62,417 | €36,707 | -€25,710 | -41.2% |
| Suppliers | 440/4 | €62,417 | €36,707 | -€25,710 | -41.2% |
| Taxes, remuneration and social security | 45 | €1,402 | €1,750 | +€348 | +24.8% |
| Taxes | 450/3 | €1,402 | €1,750 | +€348 | +24.8% |
| Other amounts payable | 47/48 | €35,920 | €34,826 | -€1,093 | -3.0% |
| Remuneration, social security and pensions | 62 | €57,748 | €62,538 | +€4,790 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €26 | +€26 | |
| Gross operating margin | 9900 | €133,792 | €66,174 | -€67,618 | -50.5% |
| Operating profit (loss) | 9901 | €76,044 | €3,609 | -€72,435 | -95.3% |
| Financial income | 75/76B | €663 | €600 | -€63 | -9.4% |
| Recurring financial income | 75 | €663 | €600 | -€63 | -9.4% |
| Financial charges | 65/66B | €226 | €140 | -€85 | -37.9% |
| Recurring financial charges | 65 | €226 | €140 | -€85 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €76,481 | €4,069 | -€72,412 | -94.7% |
| Income taxes | 67/77 | €1,402 | €1,750 | +€348 | +24.8% |
| Profit (loss) for the period | 9904 | €75,079 | €2,319 | -€72,760 | -96.9% |
| Profit (loss) for the period to be appropriated | 9905 | €75,079 | €2,319 | -€72,760 | -96.9% |
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 25 October 2026 via checked.be.