HOME 3: 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.
HOME 3
Largest movements
- Stocks and contracts -€2.6m
down €2.6m (-94.9%), from €2.8m to €142,175
- Cash +€675,300
up €675,300 (+476%), from €141,784 to €817,084
mainly Stocks and contracts (+€2.6m) and Net result for the year (+€819,850)
- Receivables within one year +€206,528
up €206,528 (+3,959%), from €5,217 to €211,745
of which Other amounts receivable: +€156,528
- Other debts -€1.3m
down €1.3m (-79.1%), from €1.7m to €350,010
- Current portion of long-term debt -€1.1m
no longer reported in 2025 (was €1.1m)
- Debts after one year -€513,642
no longer reported in 2025 (was €513,642)
- Reserves +€497,356
new in 2025: €497,356
- Tax, wage and social debts +€335,541
up €335,541 (+9,012%), from €3,723 to €339,265
of which Taxes: +€331,291
- Gross operating margin +€1.3m
up €1.3m, from -€200,124 to €1.1m
- Taxes +€192,685
up €192,685 (+15,751%), from €1,223 to €193,909
- Financial charges -€33,234
down €33,234 (-40.4%), from €82,191 to €48,957
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 | €2,968,145 | €1,202,040 | -€1.8m | -59.5% |
| Fixed assets | 21/28 | €44,924 | €31,037 | -€13,888 | -30.9% |
| Tangible fixed assets | 22/27 | €43,396 | €31,037 | -€12,360 | -28.5% |
| Plant, machinery and equipment | 23 | €6,394 | €8,271 | +€1,877 | +29.3% |
| Furniture and vehicles | 24 | €37,002 | €22,765 | -€14,236 | -38.5% |
| Financial fixed assets | 28 | €1,528 | - | -€1,528 | |
| Current assets | 29/58 | €2,923,221 | €1,171,004 | -€1.8m | -59.9% |
| Stocks and contracts in progress | 3 | €2,776,220 | €142,175 | -€2.6m | -94.9% |
| Stocks | 30/36 | €2,776,220 | €142,175 | -€2.6m | -94.9% |
| Amounts receivable within one year | 40/41 | €5,217 | €211,745 | +€206,528 | +3,959% |
| Trade receivables | 40 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | €5,217 | €161,745 | +€156,528 | +3,000% |
| Cash at bank and in hand | 54/58 | €141,784 | €817,084 | +€675,300 | +476% |
| Total equity and liabilities | 10/49 | €2,968,145 | €1,202,040 | -€1.8m | -59.5% |
| Equity | 10/15 | -€311,994 | €507,856 | +€819,850 | |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | - | €497,356 | +€497,356 | |
| Distributable reserves | 133 | - | €497,356 | +€497,356 | |
| Profit (loss) carried forward | 14 | -€322,494 | - | +€322,494 | |
| Amounts payable | 17/49 | €3,280,139 | €694,184 | -€2.6m | -78.8% |
| Amounts payable after more than one year | 17 | €513,642 | - | -€513,642 | |
| Financial debts | 170/4 | €513,642 | - | -€513,642 | |
| Amounts payable within one year | 42/48 | €2,766,497 | €694,184 | -€2.1m | -74.9% |
| Current portion of amounts payable after more than one year | 42 | €1,080,245 | - | -€1.1m | |
| Trade debts | 44 | €7,528 | €4,910 | -€2,618 | -34.8% |
| Suppliers | 440/4 | €7,528 | €4,910 | -€2,618 | -34.8% |
| Taxes, remuneration and social security | 45 | €3,723 | €339,265 | +€335,541 | +9,012% |
| Taxes | 450/3 | €1,223 | €332,515 | +€331,291 | +27,081% |
| Remuneration and social security | 454/9 | €2,500 | €6,750 | +€4,250 | +170% |
| Other amounts payable | 47/48 | €1,675,000 | €350,010 | -€1.3m | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,687 | €24,325 | -€3,362 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,856 | +€1,856 | |
| Other operating charges | 640/8 | €2,898 | €1,992 | -€906 | -31.3% |
| Gross operating margin | 9900 | -€200,124 | €1,090,767 | +€1.3m | |
| Operating profit (loss) | 9901 | -€230,709 | €1,062,594 | +€1.3m | |
| Financial income | 75/76B | €141 | €121 | -€20 | -14.5% |
| Recurring financial income | 75 | €141 | €121 | -€20 | -14.5% |
| Financial charges | 65/66B | €82,191 | €48,957 | -€33,234 | -40.4% |
| Recurring financial charges | 65 | €82,191 | €48,957 | -€33,234 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€312,758 | €1,013,759 | +€1.3m | |
| Income taxes | 67/77 | €1,223 | €193,909 | +€192,685 | +15,751% |
| Profit (loss) for the period | 9904 | -€313,981 | €819,850 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€313,981 | €819,850 | +€1.1m |
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 21 October 2026 via checked.be.