HQ: 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.
HQ
Largest movements
- Receivables within one year -€19,107
down €19,107 (-90.7%), from €21,068 to €1,962
of which Trade receivables: -€21,068
- Trade debts -€62,053
down €62,053 (-99.4%), from €62,454 to €401
- Other debts +€53,744
up €53,744 (+331.8%), from €16,200 to €69,944
- Profit (loss) carried forward -€10,407
down €10,407 (-62.3%), from -€16,712 to -€27,119
- Purchases and services -€11,043
no longer reported in 2025 (was €11,043)
- Gross operating margin +€6,946
up €6,946 (+62.9%), from -€11,043 to -€4,097
- Depreciation +€330
up €330 (+6.0%), from €5,544 to €5,874
- Financial charges +€218
up €218 (+174.0%), from €125 to €343
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 | €66,942 | €48,226 | -€18,717 | -28.0% |
| Fixed assets | 21/28 | €45,867 | €45,926 | +€58 | +0.1% |
| Tangible fixed assets | 22/27 | €45,867 | €45,926 | +€58 | +0.1% |
| Plant, machinery and equipment | 23 | €970 | €6,087 | +€5,117 | +527.8% |
| Furniture and vehicles | 24 | €509 | €382 | -€127 | -25.0% |
| Other tangible fixed assets | 26 | €44,389 | €39,457 | -€4,932 | -11.1% |
| Current assets | 29/58 | €21,075 | €2,300 | -€18,775 | -89.1% |
| Amounts receivable within one year | 40/41 | €21,068 | €1,962 | -€19,107 | -90.7% |
| Trade receivables | 40 | €21,068 | €0 | -€21,068 | -100.0% |
| Other amounts receivable | 41 | - | €1,962 | +€1,962 | |
| Cash at bank and in hand | 54/58 | €7 | €339 | +€332 | +5068.9% |
| Total equity and liabilities | 10/49 | €66,942 | €48,226 | -€18,717 | -28.0% |
| Equity | 10/15 | -€11,712 | -€22,119 | -€10,407 | -88.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,712 | -€27,119 | -€10,407 | -62.3% |
| Amounts payable | 17/49 | €78,654 | €70,345 | -€8,309 | -10.6% |
| Amounts payable within one year | 42/48 | €78,654 | €70,345 | -€8,309 | -10.6% |
| Trade debts | 44 | €62,454 | €401 | -€62,053 | -99.4% |
| Suppliers | 440/4 | €62,454 | €401 | -€62,053 | -99.4% |
| Other amounts payable | 47/48 | €16,200 | €69,944 | +€53,744 | +331.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €11,043 | - | -€11,043 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,544 | €5,874 | +€330 | +6.0% |
| Other operating charges | 640/8 | - | €94 | +€94 | |
| Gross operating margin | 9900 | -€11,043 | -€4,097 | +€6,946 | +62.9% |
| Operating profit (loss) | 9901 | -€16,587 | -€10,065 | +€6,522 | +39.3% |
| Financial charges | 65/66B | €125 | €343 | +€218 | +174.0% |
| Recurring financial charges | 65 | €125 | €343 | +€218 | +174.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,712 | -€10,407 | +€6,304 | +37.7% |
| Profit (loss) for the period | 9904 | -€16,712 | -€10,407 | +€6,304 | +37.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,712 | -€10,407 | +€6,304 | +37.7% |
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 30 September 2026 via checked.be.