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
- Tangible fixed assets -€12,286
down €12,286 (-27.5%), from €44,703 to €32,417
of which Furniture and vehicles: -€11,859
- Cash -€11,102
down €11,102 (-99.3%), from €11,176 to €74
mainly Accrued charges and deferred income (-€40,322) and Debts after one year (-€8,342)
- Receivables within one year -€9,690
down €9,690 (-95.9%), from €10,105 to €415
of which Trade receivables: -€9,342
- Deferred charges and accrued income -€6,238
down €6,238 (-84.8%), from €7,357 to €1,119
- Intangible fixed assets -€4,008
no longer reported in 2025 (was €4,008)
- Accrued charges and deferred income -€40,322
down €40,322 (-85.8%), from €47,022 to €6,700
- Debts after one year -€8,342
down €8,342 (-53.6%), from €15,574 to €7,232
- Tax, wage and social debts -€6,601
down €6,601 (-42.6%), from €15,484 to €8,883
- Other debts +€5,314
new in 2025: €5,314
- Trade debts +€3,221
up €3,221 (+175.5%), from €1,835 to €5,057
- Financial charges -€909
down €909 (-41.4%), from €2,198 to €1,288
- Gross operating margin -€590
down €590 (-2.9%), from €20,418 to €19,827
- Financial income +€436
up €436 (+74.0%), from €590 to €1,026
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 | €103,601 | €58,029 | -€45,572 | -44.0% |
| Fixed assets | 21/28 | €48,986 | €32,692 | -€16,294 | -33.3% |
| Intangible fixed assets | 21 | €4,008 | - | -€4,008 | |
| Tangible fixed assets | 22/27 | €44,703 | €32,417 | -€12,286 | -27.5% |
| Plant, machinery and equipment | 23 | €876 | €449 | -€427 | -48.7% |
| Furniture and vehicles | 24 | €43,827 | €31,968 | -€11,859 | -27.1% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €54,615 | €25,337 | -€29,278 | -53.6% |
| Stocks and contracts in progress | 3 | €5,978 | €3,730 | -€2,248 | -37.6% |
| Stocks | 30/36 | €5,978 | €3,730 | -€2,248 | -37.6% |
| Amounts receivable within one year | 40/41 | €10,105 | €415 | -€9,690 | -95.9% |
| Trade receivables | 40 | €9,757 | €415 | -€9,342 | -95.7% |
| Other amounts receivable | 41 | €348 | - | -€348 | |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,176 | €74 | -€11,102 | -99.3% |
| Deferred charges and accrued income | 490/1 | €7,357 | €1,119 | -€6,238 | -84.8% |
| Total equity and liabilities | 10/49 | €103,601 | €58,029 | -€45,572 | -44.0% |
| Equity | 10/15 | €15,695 | €16,501 | +€806 | +5.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,695 | €11,501 | +€806 | +7.5% |
| Distributable reserves | 133 | €10,695 | €11,501 | +€806 | +7.5% |
| Amounts payable | 17/49 | €87,906 | €41,528 | -€46,378 | -52.8% |
| Amounts payable after more than one year | 17 | €15,574 | €7,232 | -€8,342 | -53.6% |
| Financial debts | 170/4 | €15,574 | €7,232 | -€8,342 | -53.6% |
| Amounts payable within one year | 42/48 | €25,310 | €27,596 | +€2,286 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €7,991 | €8,342 | +€352 | +4.4% |
| Trade debts | 44 | €1,835 | €5,057 | +€3,221 | +175.5% |
| Suppliers | 440/4 | €1,835 | €5,057 | +€3,221 | +175.5% |
| Taxes, remuneration and social security | 45 | €15,484 | €8,883 | -€6,601 | -42.6% |
| Taxes | 450/3 | €15,484 | €8,883 | -€6,601 | -42.6% |
| Other amounts payable | 47/48 | - | €5,314 | +€5,314 | |
| Accrued charges and deferred income | 492/3 | €47,022 | €6,700 | -€40,322 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,157 | €16,294 | +€137 | +0.8% |
| Other operating charges | 640/8 | €1,015 | €892 | -€123 | -12.1% |
| Gross operating margin | 9900 | €20,418 | €19,827 | -€590 | -2.9% |
| Operating profit (loss) | 9901 | €3,246 | €2,642 | -€604 | -18.6% |
| Financial income | 75/76B | €590 | €1,026 | +€436 | +74.0% |
| Recurring financial income | 75 | €590 | €1,026 | +€436 | +74.0% |
| Financial charges | 65/66B | €2,198 | €1,288 | -€909 | -41.4% |
| Recurring financial charges | 65 | €2,198 | €1,288 | -€909 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €1,638 | €2,379 | +€742 | +45.3% |
| Income taxes | 67/77 | €1,580 | €1,573 | -€7 | -0.4% |
| Profit (loss) for the period | 9904 | €58 | €806 | +€749 | +1295.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58 | €806 | +€749 | +1295.6% |
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 11 October 2026 via checked.be.