HEADS_UP: 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.
HEADS_UP
Largest movements
- Cash -€5,121
down €5,121 (-33.3%), from €15,395 to €10,274
mainly Net result for the year (-€11,254) and Tax, wage and social debts (-€334)
- Receivables within one year -€4,468
down €4,468 (-5.0%), from €88,887 to €84,419
of which Other amounts receivable: -€3,993
- Tangible fixed assets -€1,185
down €1,185 (-22.6%), from €5,241 to €4,056
of which Plant, machinery and equipment: -€1,144
- Profit (loss) carried forward -€11,254
down €11,254 (-35.7%), from €31,502 to €20,247
- Gross operating margin -€14,770
down €14,770, from €3,548 to -€11,222
- Other operating charges +€647
up €647 (+94.4%), from €685 to €1,332
- Taxes -€334
down €334 (-66.6%), from €502 to €168
- Financial charges -€255
down €255 (-77.9%), from €327 to €72
- Depreciation -€239
down €239 (-16.8%), from €1,424 to €1,185
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 | €112,722 | €101,950 | -€10,772 | -9.6% |
| Fixed assets | 21/28 | €5,241 | €4,056 | -€1,185 | -22.6% |
| Tangible fixed assets | 22/27 | €5,241 | €4,056 | -€1,185 | -22.6% |
| Plant, machinery and equipment | 23 | €4,319 | €3,176 | -€1,144 | -26.5% |
| Furniture and vehicles | 24 | €922 | €881 | -€41 | -4.5% |
| Current assets | 29/58 | €107,481 | €97,894 | -€9,587 | -8.9% |
| Amounts receivable within one year | 40/41 | €88,887 | €84,419 | -€4,468 | -5.0% |
| Trade receivables | 40 | €39,431 | €38,956 | -€475 | -1.2% |
| Other amounts receivable | 41 | €49,456 | €45,463 | -€3,993 | -8.1% |
| Current investments | 50/53 | €2,000 | €2,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,395 | €10,274 | -€5,121 | -33.3% |
| Deferred charges and accrued income | 490/1 | €1,199 | €1,202 | +€3 | +0.2% |
| Total equity and liabilities | 10/49 | €112,722 | €101,950 | -€10,772 | -9.6% |
| Equity | 10/15 | €107,802 | €96,547 | -€11,254 | -10.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,900 | €63,900 | = | 0.0% |
| Distributable reserves | 133 | €63,900 | €63,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,502 | €20,247 | -€11,254 | -35.7% |
| Amounts payable | 17/49 | €4,920 | €5,403 | +€483 | +9.8% |
| Amounts payable within one year | 42/48 | €4,920 | €5,403 | +€483 | +9.8% |
| Trade debts | 44 | €4,418 | €5,235 | +€817 | +18.5% |
| Suppliers | 440/4 | €4,418 | €5,235 | +€817 | +18.5% |
| Taxes, remuneration and social security | 45 | €502 | €168 | -€334 | -66.6% |
| Taxes | 450/3 | €502 | €168 | -€334 | -66.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,424 | €1,185 | -€239 | -16.8% |
| Other operating charges | 640/8 | €685 | €1,332 | +€647 | +94.4% |
| Gross operating margin | 9900 | €3,548 | -€11,222 | -€14,770 | |
| Operating profit (loss) | 9901 | €1,439 | -€13,739 | -€15,179 | |
| Financial income | 75/76B | €2,571 | €2,725 | +€154 | +6.0% |
| Recurring financial income | 75 | €2,571 | €2,725 | +€154 | +6.0% |
| Financial charges | 65/66B | €327 | €72 | -€255 | -77.9% |
| Recurring financial charges | 65 | €327 | €72 | -€255 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €3,684 | -€11,087 | -€14,770 | |
| Income taxes | 67/77 | €502 | €168 | -€334 | -66.6% |
| Profit (loss) for the period | 9904 | €3,182 | -€11,254 | -€14,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,182 | -€11,254 | -€14,436 |
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 13 October 2026 via checked.be.