Headroom: 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.
Headroom
Largest movements
- Cash -€11,508
down €11,508 (-57.8%), from €19,912 to €8,404
mainly Other debts (-€25,000) and Debts after one year (-€15,065)
- Tangible fixed assets -€10,878
down €10,878 (-5.2%), from €210,007 to €199,129
of which Land and buildings: -€11,228
- Other debts -€25,000
down €25,000 (-50.0%), from €50,005 to €25,005
- Accrued charges and deferred income +€19,154
new in 2025: €19,154
- Debts after one year -€15,065
down €15,065 (-9.0%), from €168,194 to €153,129
- Advances received -€13,310
no longer reported in 2025 (was €13,310)
- Profit (loss) carried forward +€7,069
up €7,069, from -€6,685 to €384
- Gross operating margin +€4,590
up €4,590 (+18.6%), from €24,646 to €29,237
- Other operating charges +€395
up €395 (+17.8%), from €2,214 to €2,608
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 | €268,739 | €247,273 | -€21,466 | -8.0% |
| Formation expenses | 20 | €407 | €177 | -€230 | -56.5% |
| Fixed assets | 21/28 | €210,007 | €199,129 | -€10,878 | -5.2% |
| Tangible fixed assets | 22/27 | €210,007 | €199,129 | -€10,878 | -5.2% |
| Land and buildings | 22 | €191,151 | €179,923 | -€11,228 | -5.9% |
| Plant, machinery and equipment | 23 | - | €2,707 | +€2,707 | |
| Furniture and vehicles | 24 | €18,857 | €16,500 | -€2,357 | -12.5% |
| Current assets | 29/58 | €58,325 | €47,967 | -€10,358 | -17.8% |
| Amounts receivable within one year | 40/41 | €38,413 | €39,563 | +€1,150 | +3.0% |
| Trade receivables | 40 | €27,676 | €30,226 | +€2,550 | +9.2% |
| Other amounts receivable | 41 | €10,737 | €9,337 | -€1,400 | -13.0% |
| Cash at bank and in hand | 54/58 | €19,912 | €8,404 | -€11,508 | -57.8% |
| Total equity and liabilities | 10/49 | €268,739 | €247,273 | -€21,466 | -8.0% |
| Equity | 10/15 | -€4,685 | €5,384 | +€10,069 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €3,000 | +€3,000 | |
| Distributable reserves | 133 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | -€6,685 | €384 | +€7,069 | |
| Amounts payable | 17/49 | €273,424 | €241,889 | -€31,535 | -11.5% |
| Amounts payable after more than one year | 17 | €168,194 | €153,129 | -€15,065 | -9.0% |
| Financial debts | 170/4 | €168,194 | €153,129 | -€15,065 | -9.0% |
| Amounts payable within one year | 42/48 | €105,230 | €69,606 | -€35,623 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €16,146 | €15,065 | -€1,081 | -6.7% |
| Trade debts | 44 | €24,952 | €26,246 | +€1,294 | +5.2% |
| Suppliers | 440/4 | €24,952 | €26,246 | +€1,294 | +5.2% |
| Advances received on contracts in progress | 46 | €13,310 | - | -€13,310 | |
| Taxes, remuneration and social security | 45 | €816 | €3,290 | +€2,474 | +303.3% |
| Taxes | 450/3 | €816 | €3,290 | +€2,474 | +303.3% |
| Other amounts payable | 47/48 | €50,005 | €25,005 | -€25,000 | -50.0% |
| Accrued charges and deferred income | 492/3 | - | €19,154 | +€19,154 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,815 | €14,008 | +€193 | +1.4% |
| Other operating charges | 640/8 | €2,214 | €2,608 | +€395 | +17.8% |
| Gross operating margin | 9900 | €24,646 | €29,237 | +€4,590 | +18.6% |
| Operating profit (loss) | 9901 | €8,618 | €12,620 | +€4,002 | +46.4% |
| Financial charges | 65/66B | €2,770 | €2,551 | -€219 | -7.9% |
| Recurring financial charges | 65 | €2,770 | €2,551 | -€219 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €5,848 | €10,069 | +€4,221 | +72.2% |
| Profit (loss) for the period | 9904 | €5,848 | €10,069 | +€4,221 | +72.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,848 | €10,069 | +€4,221 | +72.2% |
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.