Highlight: 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.
Highlight
Largest movements
- Tangible fixed assets -€12,277
down €12,277 (-75.4%), from €16,277 to €4,000
of which Plant, machinery and equipment: -€7,957
- Receivables within one year -€5,744
down €5,744 (-24.5%), from €23,455 to €17,711
of which Other amounts receivable: -€4,201
- Cash +€3,172
up €3,172 (+53.2%), from €5,963 to €9,135
mainly Other debts (+€13,500) and Depreciation (+€12,277)
- Profit (loss) carried forward -€20,346
down €20,346 (-61.6%), from -€33,050 to -€53,396
- Other debts +€13,500
up €13,500 (+77.3%), from €17,460 to €30,960
- Debts after one year -€7,620
down €7,620 (-75.3%), from €10,122 to €2,502
- Purchases and services -€59,068
no longer reported in 2025 (was €59,068)
- Turnover -€49,893
no longer reported in 2025 (was €49,893)
- Gross operating margin +€5,232
up €5,232 (+57.0%), from -€9,175 to -€3,943
- Depreciation -€1,425
down €1,425 (-10.4%), from €13,702 to €12,277
- Other operating charges +€1,150
up €1,150 (+157.7%), from €729 to €1,880
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 | €45,695 | €30,846 | -€14,850 | -32.5% |
| Fixed assets | 21/28 | €16,277 | €4,000 | -€12,277 | -75.4% |
| Tangible fixed assets | 22/27 | €16,277 | €4,000 | -€12,277 | -75.4% |
| Plant, machinery and equipment | 23 | €7,957 | - | -€7,957 | |
| Furniture and vehicles | 24 | €8,321 | €4,000 | -€4,321 | -51.9% |
| Current assets | 29/58 | €29,418 | €26,846 | -€2,573 | -8.7% |
| Amounts receivable within one year | 40/41 | €23,455 | €17,711 | -€5,744 | -24.5% |
| Trade receivables | 40 | €18,536 | €16,993 | -€1,544 | -8.3% |
| Other amounts receivable | 41 | €4,919 | €718 | -€4,201 | -85.4% |
| Cash at bank and in hand | 54/58 | €5,963 | €9,135 | +€3,172 | +53.2% |
| Total equity and liabilities | 10/49 | €45,695 | €30,846 | -€14,850 | -32.5% |
| Equity | 10/15 | -€6,912 | -€27,258 | -€20,346 | -294.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,538 | €7,538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,538 | €7,538 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,538 | €7,538 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,050 | -€53,396 | -€20,346 | -61.6% |
| Amounts payable | 17/49 | €52,608 | €58,104 | +€5,496 | +10.4% |
| Amounts payable after more than one year | 17 | €10,122 | €2,502 | -€7,620 | -75.3% |
| Financial debts | 170/4 | €10,122 | €2,502 | -€7,620 | -75.3% |
| Amounts payable within one year | 42/48 | €42,486 | €55,602 | +€13,116 | +30.9% |
| Current portion of amounts payable after more than one year | 42 | €7,620 | €7,620 | = | 0.0% |
| Trade debts | 44 | €17,406 | €17,022 | -€384 | -2.2% |
| Suppliers | 440/4 | €17,406 | €17,022 | -€384 | -2.2% |
| Other amounts payable | 47/48 | €17,460 | €30,960 | +€13,500 | +77.3% |
| Turnover | 70 | €49,893 | - | -€49,893 | |
| Non-recurring operating income | 76A | €0 | €1,508 | +€1,507 | +502413.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €59,068 | - | -€59,068 | |
| Remuneration, social security and pensions | 62 | €419 | €139 | -€279 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,702 | €12,277 | -€1,425 | -10.4% |
| Other operating charges | 640/8 | €729 | €1,880 | +€1,150 | +157.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€9,175 | -€3,943 | +€5,232 | +57.0% |
| Operating profit (loss) | 9901 | -€24,025 | -€18,239 | +€5,786 | +24.1% |
| Financial charges | 65/66B | €202 | €216 | +€14 | +7.0% |
| Recurring financial charges | 65 | €202 | €216 | +€14 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,227 | -€18,455 | +€5,772 | +23.8% |
| Income taxes | 67/77 | €1,412 | €1,890 | +€478 | +33.8% |
| Profit (loss) for the period | 9904 | -€25,640 | -€20,346 | +€5,294 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,640 | -€20,346 | +€5,294 | +20.6% |
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 10 October 2026 via checked.be.