HIGH - FREQUENCY: what changed
Two fiscal 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.
HIGH - FREQUENCY
Largest movements
- Tangible fixed assets -€10,968
down €10,968 (-33.8%), from €32,410 to €21,442
of which Furniture and vehicles: -€12,210
- Receivables within one year -€5,700
down €5,700 (-75.2%), from €7,575 to €1,875
of which Trade receivables: -€4,001
- Other debts -€8,969
down €8,969 (-9.6%), from €93,555 to €84,586
- Profit (loss) carried forward -€7,335
down €7,335 (-1.1%), from -€686,565 to -€693,899
- Gross operating margin +€14,869
up €14,869, from -€7,845 to €7,024
- Depreciation -€10,079
down €10,079 (-42.6%), from €23,649 to €13,570
- Financial charges +€174
up €174 (+113.7%), from €153 to €327
- Taxes -€138
down €138 (-69.2%), from €199 to €61
- Other operating charges -€106
down €106 (-20.9%), from €505 to €400
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 | €39,997 | €23,616 | -€16,382 | -41.0% |
| Fixed assets | 21/28 | €32,410 | €21,442 | -€10,968 | -33.8% |
| Tangible fixed assets | 22/27 | €32,410 | €21,442 | -€10,968 | -33.8% |
| Plant, machinery and equipment | 23 | €2,269 | €3,511 | +€1,242 | +54.7% |
| Furniture and vehicles | 24 | €30,141 | €17,931 | -€12,210 | -40.5% |
| Current assets | 29/58 | €7,587 | €2,174 | -€5,413 | -71.3% |
| Amounts receivable within one year | 40/41 | €7,575 | €1,875 | -€5,700 | -75.2% |
| Trade receivables | 40 | €4,001 | €0 | -€4,001 | -100.0% |
| Other amounts receivable | 41 | €3,573 | €1,875 | -€1,698 | -47.5% |
| Cash at bank and in hand | 54/58 | €12 | €299 | +€286 | +2310.2% |
| Total equity and liabilities | 10/49 | €39,997 | €23,616 | -€16,382 | -41.0% |
| Equity | 10/15 | -€301,565 | -€308,899 | -€7,335 | -2.4% |
| Contributions | 10/11 | €385,000 | €385,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€686,565 | -€693,899 | -€7,335 | -1.1% |
| Amounts payable | 17/49 | €341,562 | €332,515 | -€9,047 | -2.6% |
| Amounts payable after more than one year | 17 | €247,867 | €247,867 | = | 0.0% |
| Other amounts payable | 178/9 | €247,867 | €247,867 | = | 0.0% |
| Amounts payable within one year | 42/48 | €93,694 | €84,647 | -€9,047 | -9.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €140 | €61 | -€78 | -56.0% |
| Taxes | 450/3 | €140 | €61 | -€78 | -56.0% |
| Other amounts payable | 47/48 | €93,555 | €84,586 | -€8,969 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,649 | €13,570 | -€10,079 | -42.6% |
| Other operating charges | 640/8 | €505 | €400 | -€106 | -20.9% |
| Gross operating margin | 9900 | -€7,845 | €7,024 | +€14,869 | |
| Operating profit (loss) | 9901 | -€32,000 | -€6,946 | +€25,053 | +78.3% |
| Financial charges | 65/66B | €153 | €327 | +€174 | +113.7% |
| Recurring financial charges | 65 | €153 | €327 | +€174 | +113.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,153 | -€7,273 | +€24,879 | +77.4% |
| Income taxes | 67/77 | €199 | €61 | -€138 | -69.2% |
| Profit (loss) for the period | 9904 | -€32,352 | -€7,335 | +€25,017 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,352 | -€7,335 | +€25,017 | +77.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.