IMAGE BOX: 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.
IMAGE BOX
Largest movements
- Tangible fixed assets +€8,415
up €8,415 (+345.2%), from €2,437 to €10,852
of which Land and buildings: +€5,555
- Cash -€1,589
down €1,589 (-86.6%), from €1,834 to €245
mainly Investment in fixed assets (net) (-€10,394) and Other debts (-€5,816)
- Profit (loss) carried forward +€14,073
up €14,073 (+14.6%), from -€96,626 to -€82,552
- Other debts -€5,816
down €5,816 (-10.3%), from €56,447 to €50,631
- Tax, wage and social debts -€811
down €811 (-50.1%), from €1,619 to €808
- Trade debts -€571
down €571 (-4.1%), from €13,816 to €13,245
- Purchases and services +€3,235
up €3,235 (+15.2%), from €21,213 to €24,448
- Depreciation +€1,575
up €1,575 (+388.6%), from €405 to €1,980
- Financial charges -€601
down €601 (-69.9%), from €860 to €259
- Gross operating margin -€329
down €329 (-1.9%), from €17,758 to €17,429
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 | €4,880 | €11,756 | +€6,875 | +140.9% |
| Fixed assets | 21/28 | €2,437 | €10,852 | +€8,415 | +345.2% |
| Tangible fixed assets | 22/27 | €2,437 | €10,852 | +€8,415 | +345.2% |
| Land and buildings | 22 | - | €5,555 | +€5,555 | |
| Plant, machinery and equipment | 23 | €1,476 | €3,946 | +€2,471 | +167.5% |
| Furniture and vehicles | 24 | €962 | €1,350 | +€388 | +40.4% |
| Current assets | 29/58 | €2,443 | €904 | -€1,539 | -63.0% |
| Cash at bank and in hand | 54/58 | €1,834 | €245 | -€1,589 | -86.6% |
| Deferred charges and accrued income | 490/1 | €609 | €658 | +€50 | +8.2% |
| Total equity and liabilities | 10/49 | €4,880 | €11,756 | +€6,875 | +140.9% |
| Equity | 10/15 | -€67,002 | -€52,929 | +€14,073 | +21.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €11,031 | €11,031 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €9,172 | €9,172 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,626 | -€82,552 | +€14,073 | +14.6% |
| Amounts payable | 17/49 | €71,883 | €64,684 | -€7,198 | -10.0% |
| Amounts payable within one year | 42/48 | €71,883 | €64,684 | -€7,198 | -10.0% |
| Trade debts | 44 | €13,816 | €13,245 | -€571 | -4.1% |
| Suppliers | 440/4 | €13,816 | €13,245 | -€571 | -4.1% |
| Taxes, remuneration and social security | 45 | €1,619 | €808 | -€811 | -50.1% |
| Taxes | 450/3 | €1,619 | €808 | -€811 | -50.1% |
| Other amounts payable | 47/48 | €56,447 | €50,631 | -€5,816 | -10.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €21,213 | €24,448 | +€3,235 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €405 | €1,980 | +€1,575 | +388.6% |
| Other operating charges | 640/8 | €1,080 | €1,117 | +€37 | +3.4% |
| Gross operating margin | 9900 | €17,758 | €17,429 | -€329 | -1.9% |
| Operating profit (loss) | 9901 | €16,273 | €14,333 | -€1,940 | -11.9% |
| Financial charges | 65/66B | €860 | €259 | -€601 | -69.9% |
| Recurring financial charges | 65 | €860 | €259 | -€601 | -69.9% |
| Profit (loss) for the period before taxes | 9903 | €15,413 | €14,073 | -€1,339 | -8.7% |
| Profit (loss) for the period | 9904 | €15,413 | €14,073 | -€1,339 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,413 | €14,073 | -€1,339 | -8.7% |
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 6 October 2026 via checked.be.