GUIDE: 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.
GUIDE
Largest movements
- Intangible fixed assets -€14,500
down €14,500 (-10.0%), from €144,801 to €130,301
- Receivables within one year -€3,137
down €3,137 (-54.2%), from €5,784 to €2,647
- Profit (loss) carried forward -€20,395
down €20,395, from €8,904 to -€11,491
- Debts after one year -€17,399
down €17,399 (-13.1%), from €132,344 to €114,945
- Trade debts +€13,679
up €13,679 (+916.8%), from €1,492 to €15,171
- Current portion of long-term debt +€9,743
up €9,743 (+127.3%), from €7,656 to €17,399
- Tax, wage and social debts -€1,941
down €1,941 (-20.1%), from €9,642 to €7,701
of which Taxes: -€5,066
- Depreciation +€14,226
up €14,226 (+1349.7%), from €1,054 to €15,280
- Gross operating margin +€7,606
up €7,606, from -€760 to €6,846
- Staff costs +€6,258
up €6,258 (+24069.2%), from €26 to €6,284
- Financial charges +€1,318
up €1,318 (+37.4%), from €3,524 to €4,842
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 | €163,972 | €146,668 | -€17,304 | -10.6% |
| Fixed assets | 21/28 | €150,493 | €135,213 | -€15,280 | -10.2% |
| Intangible fixed assets | 21 | €144,801 | €130,301 | -€14,500 | -10.0% |
| Tangible fixed assets | 22/27 | €5,692 | €4,912 | -€780 | -13.7% |
| Land and buildings | 22 | €3,000 | €3,000 | = | 0.0% |
| Furniture and vehicles | 24 | €407 | €178 | -€229 | -56.3% |
| Other tangible fixed assets | 26 | €2,285 | €1,734 | -€551 | -24.1% |
| Current assets | 29/58 | €13,479 | €11,455 | -€2,024 | -15.0% |
| Amounts receivable within one year | 40/41 | €5,784 | €2,647 | -€3,137 | -54.2% |
| Trade receivables | 40 | €5,784 | €2,647 | -€3,137 | -54.2% |
| Cash at bank and in hand | 54/58 | €6,450 | €6,936 | +€486 | +7.5% |
| Deferred charges and accrued income | 490/1 | €1,245 | €1,872 | +€627 | +50.4% |
| Total equity and liabilities | 10/49 | €163,972 | €146,668 | -€17,304 | -10.6% |
| Equity | 10/15 | €9,104 | -€11,291 | -€20,395 | |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,904 | -€11,491 | -€20,395 | |
| Amounts payable | 17/49 | €154,868 | €157,959 | +€3,091 | +2.0% |
| Amounts payable after more than one year | 17 | €132,344 | €114,945 | -€17,399 | -13.1% |
| Financial debts | 170/4 | €132,344 | €114,945 | -€17,399 | -13.1% |
| Amounts payable within one year | 42/48 | €22,204 | €42,624 | +€20,420 | +92.0% |
| Current portion of amounts payable after more than one year | 42 | €7,656 | €17,399 | +€9,743 | +127.3% |
| Trade debts | 44 | €1,492 | €15,171 | +€13,679 | +916.8% |
| Suppliers | 440/4 | €1,492 | €15,171 | +€13,679 | +916.8% |
| Taxes, remuneration and social security | 45 | €9,642 | €7,701 | -€1,941 | -20.1% |
| Taxes | 450/3 | €8,760 | €3,694 | -€5,066 | -57.8% |
| Remuneration and social security | 454/9 | €882 | €4,007 | +€3,125 | +354.3% |
| Other amounts payable | 47/48 | €3,414 | €2,353 | -€1,061 | -31.1% |
| Accrued charges and deferred income | 492/3 | €320 | €390 | +€70 | +21.9% |
| Remuneration, social security and pensions | 62 | €26 | €6,284 | +€6,258 | +24069.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,054 | €15,280 | +€14,226 | +1349.7% |
| Other operating charges | 640/8 | €603 | €571 | -€32 | -5.3% |
| Gross operating margin | 9900 | -€760 | €6,846 | +€7,606 | |
| Operating profit (loss) | 9901 | -€2,443 | -€15,289 | -€12,846 | -525.8% |
| Financial charges | 65/66B | €3,524 | €4,842 | +€1,318 | +37.4% |
| Recurring financial charges | 65 | €3,524 | €4,842 | +€1,318 | +37.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,967 | -€20,131 | -€14,164 | -237.4% |
| Income taxes | 67/77 | €256 | €264 | +€8 | +3.1% |
| Profit (loss) for the period | 9904 | -€6,223 | -€20,395 | -€14,172 | -227.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,223 | -€20,395 | -€14,172 | -227.7% |
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.