HOME - FIRST: 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.
HOME - FIRST
Largest movements
- Receivables within one year +€9,118
up €9,118 (+14.6%), from €62,352 to €71,469
of which Trade receivables: +€12,003
- Cash -€3,337
down €3,337 (-20.3%), from €16,413 to €13,076
mainly Receivables within one year (-€9,118) and Other debts (-€7,180)
- Tangible fixed assets -€2,502
down €2,502 (-29.9%), from €8,366 to €5,863
of which Furniture and vehicles: -€2,213
- Profit (loss) carried forward +€8,164
up €8,164 (+6.6%), from -€124,277 to -€116,113
- Other debts -€7,180
down €7,180 (-69.5%), from €10,326 to €3,146
- Trade debts +€2,231
up €2,231 (+32.3%), from €6,909 to €9,140
- Gross operating margin -€2,902
down €2,902 (-15.7%), from €18,539 to €15,637
- Depreciation +€1,236
up €1,236 (+97.7%), from €1,266 to €2,502
- Other operating charges -€910
down €910 (-67.3%), from €1,351 to €441
- Financial charges -€436
down €436 (-10.4%), from €4,217 to €3,780
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 | €87,703 | €91,016 | +€3,313 | +3.8% |
| Fixed assets | 21/28 | €8,416 | €5,913 | -€2,502 | -29.7% |
| Tangible fixed assets | 22/27 | €8,366 | €5,863 | -€2,502 | -29.9% |
| Plant, machinery and equipment | 23 | €841 | €551 | -€290 | -34.4% |
| Furniture and vehicles | 24 | €7,525 | €5,312 | -€2,213 | -29.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €79,288 | €85,103 | +€5,815 | +7.3% |
| Amounts receivable within one year | 40/41 | €62,352 | €71,469 | +€9,118 | +14.6% |
| Trade receivables | 40 | €58,713 | €70,716 | +€12,003 | +20.4% |
| Other amounts receivable | 41 | €3,639 | €754 | -€2,885 | -79.3% |
| Cash at bank and in hand | 54/58 | €16,413 | €13,076 | -€3,337 | -20.3% |
| Deferred charges and accrued income | 490/1 | €523 | €558 | +€35 | +6.6% |
| Total equity and liabilities | 10/49 | €87,703 | €91,016 | +€3,313 | +3.8% |
| Equity | 10/15 | €20,469 | €28,633 | +€8,164 | +39.9% |
| Contributions | 10/11 | €109,876 | €109,876 | = | 0.0% |
| Capital | 10 | €90,184 | €90,184 | = | 0.0% |
| Issued capital | 100 | €90,184 | €90,184 | = | 0.0% |
| Outside capital | 11 | €19,693 | €19,693 | = | 0.0% |
| Share premium | 1100/10 | €19,693 | €19,693 | = | 0.0% |
| Reserves | 13 | €34,869 | €34,869 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,119 | €16,119 | = | 0.0% |
| Legal reserve | 130 | €2,592 | €2,592 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,528 | €13,528 | = | 0.0% |
| Distributable reserves | 133 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€124,277 | -€116,113 | +€8,164 | +6.6% |
| Amounts payable | 17/49 | €67,235 | €62,384 | -€4,851 | -7.2% |
| Amounts payable within one year | 42/48 | €67,235 | €62,384 | -€4,851 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €6,909 | €9,140 | +€2,231 | +32.3% |
| Suppliers | 440/4 | €6,909 | €9,140 | +€2,231 | +32.3% |
| Taxes, remuneration and social security | 45 | - | €98 | +€98 | |
| Taxes | 450/3 | - | €98 | +€98 | |
| Other amounts payable | 47/48 | €10,326 | €3,146 | -€7,180 | -69.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €2,502 | +€1,236 | +97.7% |
| Other operating charges | 640/8 | €1,351 | €441 | -€910 | -67.3% |
| Non-recurring operating charges | 66A | €251 | €749 | +€498 | +198.4% |
| Gross operating margin | 9900 | €18,539 | €15,637 | -€2,902 | -15.7% |
| Operating profit (loss) | 9901 | €15,671 | €11,944 | -€3,727 | -23.8% |
| Financial income | 75/76B | €123 | - | -€123 | |
| Recurring financial income | 75 | €123 | - | -€123 | |
| Financial charges | 65/66B | €4,217 | €3,780 | -€436 | -10.4% |
| Recurring financial charges | 65 | €4,217 | €3,780 | -€436 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €11,578 | €8,164 | -€3,414 | -29.5% |
| Profit (loss) for the period | 9904 | €11,578 | €8,164 | -€3,414 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,578 | €8,164 | -€3,414 | -29.5% |
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.