GOODBYE: 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.
GOODBYE
Largest movements
- Receivables within one year -€8,118
down €8,118 (-68.5%), from €11,850 to €3,732
of which Trade receivables: -€6,154
- Cash +€6,221
up €6,221 (+177.2%), from €3,510 to €9,731
mainly Debts after one year (+€39,371) and Depreciation (+€15,694)
- Tangible fixed assets +€5,623
up €5,623 (+15.0%), from €37,393 to €43,016
of which Furniture and vehicles: +€8,666
- Intangible fixed assets -€3,613
down €3,613 (-15.4%), from €23,486 to €19,873
- Debts after one year +€39,371
up €39,371 (+33.6%), from €117,019 to €156,390
- Trade debts -€26,016
down €26,016 (-60.7%), from €42,892 to €16,876
- Profit (loss) carried forward -€17,677
down €17,677 (-19.2%), from -€92,260 to -€109,937
- Tax, wage and social debts +€4,692
up €4,692 (+92.2%), from €5,088 to €9,780
of which Taxes: +€4,114
- Other operating charges -€61,160
down €61,160 (-95.2%), from €64,259 to €3,099
- Financial income -€24,135
down €24,135 (-96.8%), from €24,932 to €797
- Gross operating margin +€22,038
up €22,038 (+28.6%), from €77,106 to €99,144
- Staff costs -€7,246
down €7,246 (-7.1%), from €101,829 to €94,582
- Depreciation +€4,183
up €4,183 (+36.3%), from €11,511 to €15,694
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 | €76,239 | €76,790 | +€551 | +0.7% |
| Fixed assets | 21/28 | €60,879 | €62,889 | +€2,010 | +3.3% |
| Intangible fixed assets | 21 | €23,486 | €19,873 | -€3,613 | -15.4% |
| Tangible fixed assets | 22/27 | €37,393 | €43,016 | +€5,623 | +15.0% |
| Plant, machinery and equipment | 23 | €924 | €335 | -€590 | -63.8% |
| Furniture and vehicles | 24 | €30,820 | €39,486 | +€8,666 | +28.1% |
| Other tangible fixed assets | 26 | €5,649 | €3,196 | -€2,453 | -43.4% |
| Current assets | 29/58 | €15,360 | €13,901 | -€1,459 | -9.5% |
| Amounts receivable within one year | 40/41 | €11,850 | €3,732 | -€8,118 | -68.5% |
| Trade receivables | 40 | €7,376 | €1,222 | -€6,154 | -83.4% |
| Other amounts receivable | 41 | €4,474 | €2,510 | -€1,964 | -43.9% |
| Cash at bank and in hand | 54/58 | €3,510 | €9,731 | +€6,221 | +177.2% |
| Deferred charges and accrued income | 490/1 | - | €439 | +€439 | |
| Total equity and liabilities | 10/49 | €76,239 | €76,790 | +€551 | +0.7% |
| Equity | 10/15 | -€88,760 | -€106,437 | -€17,677 | -19.9% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,260 | -€109,937 | -€17,677 | -19.2% |
| Amounts payable | 17/49 | €165,000 | €183,228 | +€18,228 | +11.0% |
| Amounts payable after more than one year | 17 | €117,019 | €156,390 | +€39,371 | +33.6% |
| Other amounts payable | 178/9 | €117,019 | €156,390 | +€39,371 | +33.6% |
| Amounts payable within one year | 42/48 | €47,980 | €26,837 | -€21,143 | -44.1% |
| Trade debts | 44 | €42,892 | €16,876 | -€26,016 | -60.7% |
| Suppliers | 440/4 | €42,892 | €16,876 | -€26,016 | -60.7% |
| Advances received on contracts in progress | 46 | - | €182 | +€182 | |
| Taxes, remuneration and social security | 45 | €5,088 | €9,780 | +€4,692 | +92.2% |
| Taxes | 450/3 | €2,452 | €6,566 | +€4,114 | +167.8% |
| Remuneration and social security | 454/9 | €2,637 | €3,214 | +€578 | +21.9% |
| Remuneration, social security and pensions | 62 | €101,829 | €94,582 | -€7,246 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,511 | €15,694 | +€4,183 | +36.3% |
| Other operating charges | 640/8 | €64,259 | €3,099 | -€61,160 | -95.2% |
| Gross operating margin | 9900 | €77,106 | €99,144 | +€22,038 | +28.6% |
| Operating profit (loss) | 9901 | -€100,493 | -€14,232 | +€86,262 | +85.8% |
| Financial income | 75/76B | €24,932 | €797 | -€24,135 | -96.8% |
| Recurring financial income | 75 | €24,932 | €797 | -€24,135 | -96.8% |
| Financial charges | 65/66B | €4,652 | €3,491 | -€1,161 | -25.0% |
| Recurring financial charges | 65 | €4,652 | €3,491 | -€1,161 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | -€80,213 | -€16,926 | +€63,287 | +78.9% |
| Income taxes | 67/77 | €3,203 | €751 | -€2,452 | -76.5% |
| Profit (loss) for the period | 9904 | -€83,416 | -€17,677 | +€65,739 | +78.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€83,416 | -€17,677 | +€65,739 | +78.8% |
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 7 October 2026 via checked.be.