INSIDE: 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.
INSIDE
Largest movements
- Receivables within one year -€16,727
down €16,727 (-32.7%), from €51,129 to €34,403
of which Trade receivables: -€19,283
- Cash -€5,752
down €5,752 (-13.0%), from €44,123 to €38,371
mainly Net result for the year (-€22,855) and Investment in fixed assets (net) (-€1,629)
- Profit (loss) carried forward -€22,855
down €22,855 (-30.9%), from €73,970 to €51,115
- Gross operating margin -€14,882
down €14,882 (-240.0%), from -€6,202 to -€21,083
- Other operating charges +€242
up €242 (+38.0%), from €638 to €880
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 | €100,543 | €77,599 | -€22,944 | -22.8% |
| Fixed assets | 21/28 | €4,150 | €4,164 | +€14 | +0.3% |
| Tangible fixed assets | 22/27 | €4,150 | €4,164 | +€14 | +0.3% |
| Plant, machinery and equipment | 23 | €2,605 | €3,439 | +€834 | +32.0% |
| Furniture and vehicles | 24 | €1,545 | €726 | -€820 | -53.0% |
| Current assets | 29/58 | €96,393 | €73,435 | -€22,958 | -23.8% |
| Amounts receivable within one year | 40/41 | €51,129 | €34,403 | -€16,727 | -32.7% |
| Trade receivables | 40 | €31,445 | €12,163 | -€19,283 | -61.3% |
| Other amounts receivable | 41 | €19,684 | €22,240 | +€2,556 | +13.0% |
| Cash at bank and in hand | 54/58 | €44,123 | €38,371 | -€5,752 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,141 | €662 | -€479 | -42.0% |
| Total equity and liabilities | 10/49 | €100,543 | €77,599 | -€22,944 | -22.8% |
| Equity | 10/15 | €99,959 | €77,104 | -€22,855 | -22.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,439 | €7,439 | = | 0.0% |
| Distributable reserves | 133 | €7,439 | €7,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,970 | €51,115 | -€22,855 | -30.9% |
| Amounts payable | 17/49 | €584 | €495 | -€89 | -15.2% |
| Amounts payable within one year | 42/48 | €584 | €495 | -€89 | -15.2% |
| Trade debts | 44 | €584 | €495 | -€89 | -15.2% |
| Suppliers | 440/4 | €584 | €495 | -€89 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,461 | €1,615 | +€154 | +10.6% |
| Other operating charges | 640/8 | €638 | €880 | +€242 | +38.0% |
| Gross operating margin | 9900 | -€6,202 | -€21,083 | -€14,882 | -240.0% |
| Operating profit (loss) | 9901 | -€8,300 | -€23,579 | -€15,279 | -184.1% |
| Financial income | 75/76B | €945 | €856 | -€90 | -9.5% |
| Recurring financial income | 75 | €945 | €856 | -€90 | -9.5% |
| Financial charges | 65/66B | €124 | €131 | +€7 | +5.6% |
| Recurring financial charges | 65 | €124 | €131 | +€7 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,479 | -€22,855 | -€15,375 | -205.6% |
| Profit (loss) for the period | 9904 | -€7,479 | -€22,855 | -€15,375 | -205.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,479 | -€22,855 | -€15,375 | -205.6% |
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.