IDUSTRY: 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.
IDUSTRY
Largest movements
- Receivables within one year -€44,395
down €44,395 (-77.0%), from €57,680 to €13,285
of which Trade receivables: -€30,511
- Cash +€8,333
up €8,333 (+57.4%), from €14,516 to €22,849
mainly Receivables within one year (+€44,395) and Other debts (+€16,306)
- Profit (loss) carried forward -€69,479
down €69,479 (-1,283%), from -€5,415 to -€74,893
- Other debts +€16,306
up €16,306 (+68.8%), from €23,709 to €40,015
- Tax, wage and social debts +€6,015
up €6,015 (+61.2%), from €9,822 to €15,837
of which Remuneration and social security: +€8,226
- Trade debts +€5,015
up €5,015 (+78.1%), from €6,419 to €11,434
- Accrued charges and deferred income +€4,000
new in 2025: €4,000
- Staff costs +€55,947
up €55,947 (+425%), from €13,172 to €69,119
- Gross operating margin -€53,201
down €53,201 (-84.3%), from €63,080 to €9,878
- Other operating charges -€7,422
down €7,422 (-58.1%), from €12,771 to €5,349
- Financial charges +€1,666
up €1,666 (+1,322%), from €126 to €1,792
- Depreciation +€1,432
up €1,432 (+93.1%), from €1,539 to €2,972
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 | €84,536 | €47,146 | -€37,390 | -44.2% |
| Fixed assets | 21/28 | €7,523 | €6,646 | -€877 | -11.7% |
| Intangible fixed assets | 21 | €425 | - | -€425 | |
| Tangible fixed assets | 22/27 | €7,099 | €6,646 | -€452 | -6.4% |
| Furniture and vehicles | 24 | €7,099 | €6,646 | -€452 | -6.4% |
| Current assets | 29/58 | €77,012 | €40,499 | -€36,513 | -47.4% |
| Amounts receivable within one year | 40/41 | €57,680 | €13,285 | -€44,395 | -77.0% |
| Trade receivables | 40 | €42,680 | €12,169 | -€30,511 | -71.5% |
| Other amounts receivable | 41 | €15,000 | €1,116 | -€13,884 | -92.6% |
| Cash at bank and in hand | 54/58 | €14,516 | €22,849 | +€8,333 | +57.4% |
| Deferred charges and accrued income | 490/1 | €4,816 | €4,365 | -€451 | -9.4% |
| Total equity and liabilities | 10/49 | €84,536 | €47,146 | -€37,390 | -44.2% |
| Equity | 10/15 | €44,585 | -€24,893 | -€69,479 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,415 | -€74,893 | -€69,479 | -1,283% |
| Amounts payable | 17/49 | €39,950 | €72,039 | +€32,089 | +80.3% |
| Amounts payable within one year | 42/48 | €39,950 | €68,039 | +€28,089 | +70.3% |
| Financial debts | 43 | - | €753 | +€753 | |
| Credit institutions | 430/8 | - | €753 | +€753 | |
| Trade debts | 44 | €6,419 | €11,434 | +€5,015 | +78.1% |
| Suppliers | 440/4 | €6,419 | €11,434 | +€5,015 | +78.1% |
| Taxes, remuneration and social security | 45 | €9,822 | €15,837 | +€6,015 | +61.2% |
| Taxes | 450/3 | €5,860 | €3,648 | -€2,211 | -37.7% |
| Remuneration and social security | 454/9 | €3,962 | €12,188 | +€8,226 | +208% |
| Other amounts payable | 47/48 | €23,709 | €40,015 | +€16,306 | +68.8% |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €13,172 | €69,119 | +€55,947 | +425% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,539 | €2,972 | +€1,432 | +93.1% |
| Other operating charges | 640/8 | €12,771 | €5,349 | -€7,422 | -58.1% |
| Gross operating margin | 9900 | €63,080 | €9,878 | -€53,201 | -84.3% |
| Operating profit (loss) | 9901 | €35,597 | -€67,562 | -€103,159 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €126 | €1,792 | +€1,666 | +1,322% |
| Recurring financial charges | 65 | €126 | €1,792 | +€1,666 | +1,322% |
| Profit (loss) for the period before taxes | 9903 | €35,471 | -€69,354 | -€104,825 | |
| Income taxes | 67/77 | - | €125 | +€125 | |
| Profit (loss) for the period | 9904 | €35,471 | -€69,479 | -€104,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,471 | -€69,479 | -€104,950 |
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 19 October 2026 via checked.be.