INSIGHT-OUT: 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.
INSIGHT-OUT
Largest movements
- Receivables within one year -€10,830
down €10,830 (-32.6%), from €33,179 to €22,349
of which Trade receivables: -€9,545
- Cash +€6,618
up €6,618, from €0 to €6,618
mainly Debts after one year (+€51,037) and Advances received (+€28,099)
- Tangible fixed assets -€2,742
down €2,742 (-61.0%), from €4,499 to €1,757
- Deferred charges and accrued income +€2,609
up €2,609 (+127%), from €2,054 to €4,663
- Stocks and contracts +€1,034
up €1,034 (+4.2%), from €24,477 to €25,512
- Profit (loss) carried forward -€75,986
down €75,986 (-34.9%), from -€217,988 to -€293,974
- Debts after one year +€51,037
up €51,037 (+52.3%), from €97,650 to €148,687
- Advances received +€28,099
up €28,099, from €0 to €28,099
- Other debts +€7,974
up €7,974 (+7.5%), from €105,639 to €113,612
- Short-term financial debts -€5,666
down €5,666 (-100%), from €5,666 to €0
- Gross operating margin -€23,838
down €23,838 (-53.3%), from -€44,706 to -€68,544
- Other operating charges -€5,810
down €5,810 (-75.4%), from €7,708 to €1,898
- Financial charges -€3,566
down €3,566 (-57.4%), from €6,211 to €2,645
of which Financial charges: -€3,711
- Depreciation -€1,565
down €1,565 (-36.3%), from €4,307 to €2,742
- Write-downs +€688
up €688, from -€284 to €404
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 | €65,670 | €62,359 | -€3,311 | -5.0% |
| Fixed assets | 21/28 | €5,960 | €3,218 | -€2,742 | -46.0% |
| Tangible fixed assets | 22/27 | €4,499 | €1,757 | -€2,742 | -61.0% |
| Plant, machinery and equipment | 23 | €1,382 | €644 | -€738 | -53.4% |
| Furniture and vehicles | 24 | €1,803 | €1,013 | -€790 | -43.8% |
| Other tangible fixed assets | 26 | €1,314 | €100 | -€1,214 | -92.4% |
| Financial fixed assets | 28 | €1,461 | €1,461 | = | 0.0% |
| Current assets | 29/58 | €59,710 | €59,141 | -€569 | -1.0% |
| Stocks and contracts in progress | 3 | €24,477 | €25,512 | +€1,034 | +4.2% |
| Stocks | 30/36 | €24,477 | €25,512 | +€1,034 | +4.2% |
| Amounts receivable within one year | 40/41 | €33,179 | €22,349 | -€10,830 | -32.6% |
| Trade receivables | 40 | €31,884 | €22,339 | -€9,545 | -29.9% |
| Other amounts receivable | 41 | €1,295 | €10 | -€1,285 | -99.2% |
| Cash at bank and in hand | 54/58 | €0 | €6,618 | +€6,618 | |
| Deferred charges and accrued income | 490/1 | €2,054 | €4,663 | +€2,609 | +127% |
| Total equity and liabilities | 10/49 | €65,670 | €62,359 | -€3,311 | -5.0% |
| Equity | 10/15 | -€199,388 | -€275,374 | -€75,986 | -38.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€217,988 | -€293,974 | -€75,986 | -34.9% |
| Amounts payable | 17/49 | €265,058 | €337,733 | +€72,675 | +27.4% |
| Amounts payable after more than one year | 17 | €97,650 | €148,687 | +€51,037 | +52.3% |
| Other amounts payable | 178/9 | €97,650 | €148,687 | +€51,037 | +52.3% |
| Amounts payable within one year | 42/48 | €167,408 | €189,046 | +€21,638 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,666 | €0 | -€5,666 | -100% |
| Credit institutions | 430/8 | €5,666 | €0 | -€5,666 | -100% |
| Trade debts | 44 | €25,293 | €20,282 | -€5,011 | -19.8% |
| Suppliers | 440/4 | €25,293 | €20,282 | -€5,011 | -19.8% |
| Advances received on contracts in progress | 46 | €0 | €28,099 | +€28,099 | |
| Taxes, remuneration and social security | 45 | €30,810 | €27,053 | -€3,758 | -12.2% |
| Taxes | 450/3 | €30,810 | €27,053 | -€3,758 | -12.2% |
| Other amounts payable | 47/48 | €105,639 | €113,612 | +€7,974 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,307 | €2,742 | -€1,565 | -36.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€284 | €404 | +€688 | |
| Other operating charges | 640/8 | €7,708 | €1,898 | -€5,810 | -75.4% |
| Gross operating margin | 9900 | -€44,706 | -€68,544 | -€23,838 | -53.3% |
| Operating profit (loss) | 9901 | -€56,437 | -€73,588 | -€17,151 | -30.4% |
| Financial income | 75/76B | €357 | €247 | -€109 | -30.6% |
| Recurring financial income | 75 | €357 | €247 | -€109 | -30.6% |
| Financial charges | 65/66B | €6,211 | €2,645 | -€3,566 | -57.4% |
| Recurring financial charges | 65 | €6,211 | €2,501 | -€3,711 | -59.7% |
| Non-recurring financial charges | 66B | - | €145 | +€145 | |
| Profit (loss) for the period before taxes | 9903 | -€62,291 | -€75,986 | -€13,695 | -22.0% |
| Profit (loss) for the period | 9904 | -€62,291 | -€75,986 | -€13,695 | -22.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€62,291 | -€75,986 | -€13,695 | -22.0% |
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 29 October 2026 via checked.be.