I & A: 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.
I & A
Largest movements
- Tangible fixed assets +€29,637
up €29,637 (+7858.7%), from €377 to €30,014
- Receivables within one year -€19,206
down €19,206 (-29.0%), from €66,305 to €47,099
of which Other amounts receivable: -€37,748
- Stocks and contracts +€11,958
up €11,958 (+47.6%), from €25,100 to €37,058
- Debts after one year +€23,295
new in 2025: €23,295
- Trade debts -€9,359
down €9,359 (-81.8%), from €11,439 to €2,080
- Current portion of long-term debt +€6,261
new in 2025: €6,261
- Tax, wage and social debts -€2,665
down €2,665 (-32.6%), from €8,175 to €5,510
of which Taxes: -€3,865
- Other debts +€2,457
new in 2025: €2,457
- Depreciation +€6,099
up €6,099 (+42767.6%), from €14 to €6,113
- Gross operating margin +€2,812
up €2,812 (+26.6%), from €10,583 to €13,395
- Financial charges +€2,671
up €2,671 (+2302.4%), from €116 to €2,787
- Taxes -€473
down €473 (-19.8%), from €2,392 to €1,918
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 | €101,335 | €123,042 | +€21,707 | +21.4% |
| Fixed assets | 21/28 | €377 | €30,014 | +€29,637 | +7858.7% |
| Tangible fixed assets | 22/27 | €377 | €30,014 | +€29,637 | +7858.7% |
| Furniture and vehicles | 24 | €377 | €30,014 | +€29,637 | +7858.7% |
| Current assets | 29/58 | €100,958 | €93,029 | -€7,930 | -7.9% |
| Stocks and contracts in progress | 3 | €25,100 | €37,058 | +€11,958 | +47.6% |
| Stocks | 30/36 | €25,100 | €37,058 | +€11,958 | +47.6% |
| Amounts receivable within one year | 40/41 | €66,305 | €47,099 | -€19,206 | -29.0% |
| Trade receivables | 40 | €27,281 | €45,824 | +€18,543 | +68.0% |
| Other amounts receivable | 41 | €39,023 | €1,275 | -€37,748 | -96.7% |
| Cash at bank and in hand | 54/58 | €8,952 | €8,621 | -€331 | -3.7% |
| Deferred charges and accrued income | 490/1 | €602 | €251 | -€351 | -58.3% |
| Total equity and liabilities | 10/49 | €101,335 | €123,042 | +€21,707 | +21.4% |
| Equity | 10/15 | €81,722 | €83,439 | +€1,717 | +2.1% |
| Contributions | 10/11 | €9,950 | €9,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,772 | €73,489 | +€1,717 | +2.4% |
| Amounts payable | 17/49 | €19,614 | €39,603 | +€19,990 | +101.9% |
| Amounts payable after more than one year | 17 | - | €23,295 | +€23,295 | |
| Financial debts | 170/4 | - | €23,295 | +€23,295 | |
| Amounts payable within one year | 42/48 | €19,614 | €16,309 | -€3,305 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,261 | +€6,261 | |
| Trade debts | 44 | €11,439 | €2,080 | -€9,359 | -81.8% |
| Suppliers | 440/4 | €11,439 | €2,080 | -€9,359 | -81.8% |
| Taxes, remuneration and social security | 45 | €8,175 | €5,510 | -€2,665 | -32.6% |
| Taxes | 450/3 | €8,175 | €4,310 | -€3,865 | -47.3% |
| Remuneration and social security | 454/9 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | - | €2,457 | +€2,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14 | €6,113 | +€6,099 | +42767.6% |
| Other operating charges | 640/8 | €935 | €859 | -€76 | -8.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €10,583 | €13,395 | +€2,812 | +26.6% |
| Operating profit (loss) | 9901 | €9,634 | €6,423 | -€3,211 | -33.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €116 | €2,787 | +€2,671 | +2302.4% |
| Recurring financial charges | 65 | €116 | €2,787 | +€2,671 | +2302.4% |
| Profit (loss) for the period before taxes | 9903 | €9,518 | €3,636 | -€5,882 | -61.8% |
| Income taxes | 67/77 | €2,392 | €1,918 | -€473 | -19.8% |
| Profit (loss) for the period | 9904 | €7,126 | €1,717 | -€5,409 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,126 | €1,717 | -€5,409 | -75.9% |
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.