GROUP B: 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.
GROUP B
Largest movements
- Cash -€17,948
down €17,948 (-39.6%), from €45,293 to €27,346
mainly Receivables within one year (-€16,760) and Other debts (-€2,777)
- Receivables within one year +€16,760
up €16,760 (+477%), from €3,516 to €20,276
of which Trade receivables: +€17,754
- Tangible fixed assets -€1,978
down €1,978 (-29.1%), from €6,796 to €4,818
- Other debts -€2,777
down €2,777 (-11.3%), from €24,578 to €21,801
- Profit (loss) carried forward -€2,741
down €2,741 (-28.7%), from -€9,565 to -€12,307
- Tax, wage and social debts +€1,971
new in 2025: €1,971
- Gross operating margin -€12,603
down €12,603 (-74.3%), from €16,965 to €4,362
- Staff costs -€10,333
down €10,333 (-95.8%), from €10,783 to €450
- Financial charges -€697
down €697 (-15.2%), from €4,577 to €3,880
- Depreciation -€284
down €284 (-12.5%), from €2,262 to €1,978
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 | €56,505 | €53,417 | -€3,088 | -5.5% |
| Fixed assets | 21/28 | €6,796 | €4,818 | -€1,978 | -29.1% |
| Tangible fixed assets | 22/27 | €6,796 | €4,818 | -€1,978 | -29.1% |
| Plant, machinery and equipment | 23 | €1,732 | €1,475 | -€257 | -14.8% |
| Furniture and vehicles | 24 | €750 | - | -€750 | |
| Other tangible fixed assets | 26 | €4,315 | €3,343 | -€972 | -22.5% |
| Current assets | 29/58 | €49,709 | €48,599 | -€1,110 | -2.2% |
| Amounts receivable within one year | 40/41 | €3,516 | €20,276 | +€16,760 | +477% |
| Trade receivables | 40 | €1,889 | €19,642 | +€17,754 | +940% |
| Other amounts receivable | 41 | €1,627 | €633 | -€994 | -61.1% |
| Current investments | 50/53 | €900 | €900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €45,293 | €27,346 | -€17,948 | -39.6% |
| Deferred charges and accrued income | 490/1 | - | €78 | +€78 | |
| Total equity and liabilities | 10/49 | €56,505 | €53,417 | -€3,088 | -5.5% |
| Equity | 10/15 | €28,435 | €25,693 | -€2,741 | -9.6% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,565 | -€12,307 | -€2,741 | -28.7% |
| Amounts payable | 17/49 | €28,071 | €27,723 | -€347 | -1.2% |
| Amounts payable within one year | 42/48 | €24,867 | €24,519 | -€347 | -1.4% |
| Trade debts | 44 | €289 | €748 | +€459 | +159% |
| Suppliers | 440/4 | €289 | €748 | +€459 | +159% |
| Taxes, remuneration and social security | 45 | - | €1,971 | +€1,971 | |
| Taxes | 450/3 | - | €1,971 | +€1,971 | |
| Other amounts payable | 47/48 | €24,578 | €21,801 | -€2,777 | -11.3% |
| Accrued charges and deferred income | 492/3 | €3,204 | €3,204 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €10,783 | €450 | -€10,333 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,262 | €1,978 | -€284 | -12.5% |
| Other operating charges | 640/8 | €576 | €619 | +€43 | +7.5% |
| Gross operating margin | 9900 | €16,965 | €4,362 | -€12,603 | -74.3% |
| Operating profit (loss) | 9901 | €3,344 | €1,315 | -€2,029 | -60.7% |
| Financial income | 75/76B | €82 | €94 | +€12 | +14.1% |
| Recurring financial income | 75 | €82 | €94 | +€12 | +14.1% |
| Financial charges | 65/66B | €4,577 | €3,880 | -€697 | -15.2% |
| Recurring financial charges | 65 | €4,577 | €3,880 | -€697 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,151 | -€2,471 | -€1,321 | -115% |
| Income taxes | 67/77 | €367 | €270 | -€97 | -26.5% |
| Profit (loss) for the period | 9904 | -€1,518 | -€2,741 | -€1,224 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,518 | -€2,741 | -€1,224 | -80.6% |
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 21 October 2026 via checked.be.