HALF A DOZEN: 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.
HALF A DOZEN
Largest movements
- Cash -€12,935
down €12,935 (-87.8%), from €14,732 to €1,797
mainly Other debts (-€7,211) and Tax, wage and social debts (-€6,601)
- Receivables within one year -€12,478
down €12,478 (-52.6%), from €23,745 to €11,267
of which Trade receivables: -€14,963
- Tangible fixed assets +€1,889
up €1,889 (+42.3%), from €4,466 to €6,355
of which Other tangible fixed assets: +€1,173
- Other debts -€7,211
down €7,211 (-45.7%), from €15,766 to €8,555
- Tax, wage and social debts -€6,601
down €6,601 (-90.6%), from €7,285 to €685
- Profit (loss) carried forward -€6,331
down €6,331 (-64.1%), from €9,879 to €3,549
- Trade debts -€3,785
down €3,785 (-32.6%), from €11,609 to €7,823
- Other operating charges -€2,149
down €2,149 (-90.0%), from €2,386 to €238
- Depreciation +€1,630
up €1,630 (+124%), from €1,316 to €2,946
- Gross operating margin -€1,279
down €1,279 (-94.2%), from -€1,358 to -€2,638
- Financial charges -€806
down €806 (-65.5%), from €1,231 to €425
of which Non-recurring financial charges: -€749
- Taxes -€226
down €226 (-72.7%), from €310 to €85
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 | €46,540 | €22,611 | -€23,928 | -51.4% |
| Formation expenses | 20 | €1,397 | €992 | -€405 | -29.0% |
| Fixed assets | 21/28 | €4,466 | €6,355 | +€1,889 | +42.3% |
| Tangible fixed assets | 22/27 | €4,466 | €6,355 | +€1,889 | +42.3% |
| Furniture and vehicles | 24 | €4,466 | €5,182 | +€716 | +16.0% |
| Other tangible fixed assets | 26 | - | €1,173 | +€1,173 | |
| Current assets | 29/58 | €40,677 | €15,264 | -€25,412 | -62.5% |
| Amounts receivable within one year | 40/41 | €23,745 | €11,267 | -€12,478 | -52.6% |
| Trade receivables | 40 | €23,495 | €8,532 | -€14,963 | -63.7% |
| Other amounts receivable | 41 | €250 | €2,735 | +€2,485 | +994% |
| Current investments | 50/53 | €2,200 | €2,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,732 | €1,797 | -€12,935 | -87.8% |
| Total equity and liabilities | 10/49 | €46,540 | €22,611 | -€23,928 | -51.4% |
| Equity | 10/15 | €11,879 | €5,549 | -€6,331 | -53.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,879 | €3,549 | -€6,331 | -64.1% |
| Amounts payable | 17/49 | €34,660 | €17,063 | -€17,597 | -50.8% |
| Amounts payable within one year | 42/48 | €34,660 | €17,063 | -€17,597 | -50.8% |
| Trade debts | 44 | €11,609 | €7,823 | -€3,785 | -32.6% |
| Suppliers | 440/4 | €11,609 | €7,823 | -€3,785 | -32.6% |
| Taxes, remuneration and social security | 45 | €7,285 | €685 | -€6,601 | -90.6% |
| Taxes | 450/3 | €7,285 | €685 | -€6,601 | -90.6% |
| Other amounts payable | 47/48 | €15,766 | €8,555 | -€7,211 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,316 | €2,946 | +€1,630 | +124% |
| Other operating charges | 640/8 | €2,386 | €238 | -€2,149 | -90.0% |
| Gross operating margin | 9900 | -€1,358 | -€2,638 | -€1,279 | -94.2% |
| Operating profit (loss) | 9901 | -€5,060 | -€5,822 | -€761 | -15.0% |
| Financial income | 75/76B | €99 | - | -€99 | |
| Recurring financial income | 75 | €99 | - | -€99 | |
| Financial charges | 65/66B | €1,231 | €425 | -€806 | -65.5% |
| Recurring financial charges | 65 | €482 | €425 | -€57 | -11.9% |
| Non-recurring financial charges | 66B | €749 | - | -€749 | |
| Profit (loss) for the period before taxes | 9903 | -€6,192 | -€6,246 | -€54 | -0.9% |
| Income taxes | 67/77 | €310 | €85 | -€226 | -72.7% |
| Profit (loss) for the period | 9904 | -€6,502 | -€6,331 | +€171 | +2.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,502 | -€6,331 | +€171 | +2.6% |
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 15 October 2026 via checked.be.