Ï DESIGN: 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.
Ï DESIGN
Largest movements
- Receivables within one year -€16,804
down €16,804 (-69.9%), from €24,041 to €7,238
of which Trade receivables: -€16,585
- Cash -€6,432
down €6,432 (-99.3%), from €6,477 to €45
mainly Net result for the year (-€19,504) and Tax, wage and social debts (-€6,116)
- Tangible fixed assets -€3,133
down €3,133 (-33.3%), from €9,400 to €6,267
- Profit (loss) carried forward -€19,504
down €19,504 (-424.8%), from -€4,591 to -€24,095
- Tax, wage and social debts -€6,116
down €6,116 (-70.3%), from €8,695 to €2,579
of which Taxes: -€3,716
- Debts after one year -€3,878
down €3,878 (-79.8%), from €4,861 to €983
- Other debts +€3,382
up €3,382 (+91.2%), from €3,709 to €7,091
- Trade debts -€422
down €422 (-7.4%), from €5,675 to €5,253
- Gross operating margin -€24,696
down €24,696, from €10,496 to -€14,200
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 | €40,744 | €14,290 | -€26,454 | -64.9% |
| Fixed assets | 21/28 | €9,400 | €6,267 | -€3,133 | -33.3% |
| Tangible fixed assets | 22/27 | €9,400 | €6,267 | -€3,133 | -33.3% |
| Plant, machinery and equipment | 23 | €9,400 | €6,267 | -€3,133 | -33.3% |
| Current assets | 29/58 | €31,344 | €8,024 | -€23,320 | -74.4% |
| Stocks and contracts in progress | 3 | €825 | €741 | -€85 | -10.3% |
| Stocks | 30/36 | €825 | €741 | -€85 | -10.3% |
| Amounts receivable within one year | 40/41 | €24,041 | €7,238 | -€16,804 | -69.9% |
| Trade receivables | 40 | €23,323 | €6,738 | -€16,585 | -71.1% |
| Other amounts receivable | 41 | €719 | €500 | -€219 | -30.4% |
| Cash at bank and in hand | 54/58 | €6,477 | €45 | -€6,432 | -99.3% |
| Total equity and liabilities | 10/49 | €40,744 | €14,290 | -€26,454 | -64.9% |
| Equity | 10/15 | €14,009 | -€5,495 | -€19,504 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,591 | -€24,095 | -€19,504 | -424.8% |
| Amounts payable | 17/49 | €26,735 | €19,785 | -€6,950 | -26.0% |
| Amounts payable after more than one year | 17 | €4,861 | €983 | -€3,878 | -79.8% |
| Financial debts | 170/4 | €4,861 | €983 | -€3,878 | -79.8% |
| Amounts payable within one year | 42/48 | €21,874 | €18,802 | -€3,072 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €3,794 | €3,878 | +€84 | +2.2% |
| Trade debts | 44 | €5,675 | €5,253 | -€422 | -7.4% |
| Suppliers | 440/4 | €5,675 | €5,253 | -€422 | -7.4% |
| Taxes, remuneration and social security | 45 | €8,695 | €2,579 | -€6,116 | -70.3% |
| Taxes | 450/3 | €6,295 | €2,579 | -€3,716 | -59.0% |
| Remuneration and social security | 454/9 | €2,400 | - | -€2,400 | |
| Other amounts payable | 47/48 | €3,709 | €7,091 | +€3,382 | +91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,133 | €3,133 | = | 0.0% |
| Other operating charges | 640/8 | €304 | €310 | +€6 | +2.0% |
| Non-recurring operating charges | 66A | €233 | €942 | +€709 | +304.4% |
| Gross operating margin | 9900 | €10,496 | -€14,200 | -€24,696 | |
| Operating profit (loss) | 9901 | €6,826 | -€18,586 | -€25,412 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €506 | €610 | +€104 | +20.6% |
| Recurring financial charges | 65 | €506 | €610 | +€104 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €6,321 | -€19,196 | -€25,517 | |
| Income taxes | 67/77 | €310 | €308 | -€2 | -0.7% |
| Profit (loss) for the period | 9904 | €6,011 | -€19,504 | -€25,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,011 | -€19,504 | -€25,515 |
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 6 October 2026 via checked.be.