Home Image: 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.
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Largest movements
- Tangible fixed assets -€12,749
down €12,749 (-84.8%), from €15,041 to €2,292
- Cash -€9,698
down €9,698 (-26.0%), from €37,281 to €27,583
mainly Net result for the year (-€11,454) and Current portion of long-term debt (-€8,463)
- Profit (loss) carried forward -€11,454
down €11,454 (-692%), from -€1,656 to -€13,109
- Current portion of long-term debt -€8,463
down €8,463 (-74.9%), from €11,305 to €2,842
- Debts after one year -€2,842
down €2,842 (-12.4%), from €22,842 to €20,000
- Trade debts +€1,014
up €1,014 (+358%), from €284 to €1,298
- Tax, wage and social debts -€887
no longer reported in 2025 (was €887)
- Gross operating margin -€9,389
down €9,389 (-78.4%), from €11,983 to €2,594
- Financial charges -€276
down €276 (-56.5%), from €489 to €213
- Taxes -€250
down €250 (-55.3%), from €453 to €202
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 | €54,037 | €31,927 | -€22,110 | -40.9% |
| Fixed assets | 21/28 | €15,041 | €2,292 | -€12,749 | -84.8% |
| Tangible fixed assets | 22/27 | €15,041 | €2,292 | -€12,749 | -84.8% |
| Furniture and vehicles | 24 | €15,041 | €2,292 | -€12,749 | -84.8% |
| Current assets | 29/58 | €38,996 | €29,635 | -€9,361 | -24.0% |
| Amounts receivable within one year | 40/41 | €1,313 | €1,781 | +€469 | +35.7% |
| Trade receivables | 40 | €265 | - | -€265 | |
| Other amounts receivable | 41 | €1,047 | €1,781 | +€734 | +70.1% |
| Cash at bank and in hand | 54/58 | €37,281 | €27,583 | -€9,698 | -26.0% |
| Deferred charges and accrued income | 490/1 | €402 | €271 | -€132 | -32.7% |
| Total equity and liabilities | 10/49 | €54,037 | €31,927 | -€22,110 | -40.9% |
| Equity | 10/15 | €12,544 | €1,091 | -€11,454 | -91.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €10,200 | €10,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,656 | -€13,109 | -€11,454 | -692% |
| Amounts payable | 17/49 | €41,493 | €30,837 | -€10,656 | -25.7% |
| Amounts payable after more than one year | 17 | €22,842 | €20,000 | -€2,842 | -12.4% |
| Financial debts | 170/4 | €22,842 | €20,000 | -€2,842 | -12.4% |
| Amounts payable within one year | 42/48 | €17,330 | €9,777 | -€7,553 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €11,305 | €2,842 | -€8,463 | -74.9% |
| Trade debts | 44 | €284 | €1,298 | +€1,014 | +358% |
| Suppliers | 440/4 | €284 | €1,298 | +€1,014 | +358% |
| Taxes, remuneration and social security | 45 | €887 | - | -€887 | |
| Taxes | 450/3 | €887 | - | -€887 | |
| Other amounts payable | 47/48 | €4,854 | €5,637 | +€784 | +16.1% |
| Accrued charges and deferred income | 492/3 | €1,321 | €1,060 | -€262 | -19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,820 | €12,749 | -€71 | -0.6% |
| Other operating charges | 640/8 | €961 | €885 | -€76 | -7.9% |
| Gross operating margin | 9900 | €11,983 | €2,594 | -€9,389 | -78.4% |
| Operating profit (loss) | 9901 | -€1,797 | -€11,039 | -€9,242 | -514% |
| Financial income | 75/76B | €0 | €0 | +€0 | +233% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +233% |
| Financial charges | 65/66B | €489 | €213 | -€276 | -56.5% |
| Recurring financial charges | 65 | €489 | €213 | -€276 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,286 | -€11,251 | -€8,966 | -392% |
| Income taxes | 67/77 | €453 | €202 | -€250 | -55.3% |
| Profit (loss) for the period | 9904 | -€2,739 | -€11,454 | -€8,715 | -318% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,739 | -€11,454 | -€8,715 | -318% |
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 18 October 2026 via checked.be.