GROW & CHANGE: 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.
GROW & CHANGE
Largest movements
- Receivables within one year -€9,977
down €9,977 (-40.4%), from €24,694 to €14,717
of which Other amounts receivable: -€7,949
- Cash -€6,715
down €6,715 (-8.7%), from €76,838 to €70,123
mainly Net result for the year (-€22,524)
- Tangible fixed assets -€3,315
down €3,315 (-13.9%), from €23,895 to €20,580
of which Other tangible fixed assets: -€2,940
- Profit (loss) carried forward -€22,524
down €22,524 (-66.1%), from €34,059 to €11,535
- Trade debts +€1,537
up €1,537 (+36.3%), from €4,239 to €5,776
- Turnover -€30,044
down €30,044 (-91.2%), from €32,933 to €2,889
- Purchases and services -€25,542
down €25,542 (-68.5%), from €37,298 to €11,756
- Gross operating margin -€16,091
down €16,091, from €7,224 to -€8,867
- Depreciation -€3,100
down €3,100 (-48.3%), from €6,415 to €3,315
- Taxes +€2,452
up €2,452 (+324.3%), from €756 to €3,208
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 | €125,427 | €105,420 | -€20,007 | -16.0% |
| Fixed assets | 21/28 | €23,895 | €20,580 | -€3,315 | -13.9% |
| Tangible fixed assets | 22/27 | €23,895 | €20,580 | -€3,315 | -13.9% |
| Furniture and vehicles | 24 | €625 | €250 | -€375 | -60.0% |
| Other tangible fixed assets | 26 | €23,270 | €20,330 | -€2,940 | -12.6% |
| Current assets | 29/58 | €101,532 | €84,840 | -€16,692 | -16.4% |
| Amounts receivable within one year | 40/41 | €24,694 | €14,717 | -€9,977 | -40.4% |
| Trade receivables | 40 | €3,713 | €1,685 | -€2,028 | -54.6% |
| Other amounts receivable | 41 | €20,981 | €13,032 | -€7,949 | -37.9% |
| Cash at bank and in hand | 54/58 | €76,838 | €70,123 | -€6,715 | -8.7% |
| Total equity and liabilities | 10/49 | €125,427 | €105,420 | -€20,007 | -16.0% |
| Equity | 10/15 | €120,885 | €98,361 | -€22,524 | -18.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Capital | 10 | - | €20,460 | +€20,460 | |
| Issued capital | 100 | - | €20,460 | +€20,460 | |
| Reserves | 13 | €66,366 | €66,366 | = | 0.0% |
| Distributable reserves | 133 | €66,366 | €66,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,059 | €11,535 | -€22,524 | -66.1% |
| Amounts payable | 17/49 | €4,542 | €7,059 | +€2,517 | +55.4% |
| Amounts payable within one year | 42/48 | €4,542 | €7,059 | +€2,517 | +55.4% |
| Trade debts | 44 | €4,239 | €5,776 | +€1,537 | +36.3% |
| Suppliers | 440/4 | €4,239 | €5,776 | +€1,537 | +36.3% |
| Taxes, remuneration and social security | 45 | €303 | €1,283 | +€980 | +323.4% |
| Taxes | 450/3 | €303 | €1,283 | +€980 | +323.4% |
| Turnover | 70 | €32,933 | €2,889 | -€30,044 | -91.2% |
| Non-recurring operating income | 76A | €11,590 | - | -€11,590 | |
| Goods, raw materials, services and sundry goods | 60/61 | €37,298 | €11,756 | -€25,542 | -68.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,415 | €3,315 | -€3,100 | -48.3% |
| Other operating charges | 640/8 | €1,342 | €485 | -€857 | -63.9% |
| Non-recurring operating charges | 66A | - | €6,611 | +€6,611 | |
| Gross operating margin | 9900 | €7,224 | -€8,867 | -€16,091 | |
| Operating profit (loss) | 9901 | -€533 | -€19,278 | -€18,745 | -3516.9% |
| Financial income | 75/76B | €41 | €93 | +€52 | +126.8% |
| Recurring financial income | 75 | €41 | €93 | +€52 | +126.8% |
| Financial charges | 65/66B | €142 | €131 | -€11 | -7.7% |
| Recurring financial charges | 65 | €142 | €131 | -€11 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | -€634 | -€19,316 | -€18,682 | -2946.7% |
| Income taxes | 67/77 | €756 | €3,208 | +€2,452 | +324.3% |
| Profit (loss) for the period | 9904 | -€1,390 | -€22,524 | -€21,134 | -1520.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,390 | -€22,524 | -€21,134 | -1520.4% |
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 11 October 2026 via checked.be.