INTERNATIONAL PRIVATE DRIVERS: what changed
INTERNATIONAL PRIVATE DRIVERS
Largest movements
- Receivables within one year -€13,853
down €13,853 (-80.3%), from €17,254 to €3,400
of which Trade receivables: -€15,491
- Tangible fixed assets -€9,587
down €9,587 (-21.3%), from €45,027 to €35,440
- Cash +€788
up €788 (+18.1%), from €4,352 to €5,140
mainly Receivables within one year (+€13,853) and Depreciation (+€9,587)
- Other debts -€11,868
down €11,868 (-57.1%), from €20,795 to €8,926
- Debts after one year -€4,936
down €4,936 (-34.6%), from €14,255 to €9,319
- Profit (loss) carried forward -€4,439
down €4,439 (-28.2%), from €15,759 to €11,320
- Tax, wage and social debts -€987
no longer reported in 2025 (was €987)
- Depreciation +€6,679
up €6,679 (+230%), from €2,907 to €9,587
- Gross operating margin -€6,491
down €6,491 (-50.7%), from €12,802 to €6,311
- Other operating charges -€1,707
down €1,707 (-65.1%), from €2,624 to €917
- Financial charges -€409
down €409 (-62.2%), from €657 to €248
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,632 | €43,980 | -€22,652 | -34.0% |
| Fixed assets | 21/28 | €45,027 | €35,440 | -€9,587 | -21.3% |
| Tangible fixed assets | 22/27 | €45,027 | €35,440 | -€9,587 | -21.3% |
| Furniture and vehicles | 24 | €45,027 | €35,440 | -€9,587 | -21.3% |
| Current assets | 29/58 | €21,606 | €8,540 | -€13,065 | -60.5% |
| Amounts receivable within one year | 40/41 | €17,254 | €3,400 | -€13,853 | -80.3% |
| Trade receivables | 40 | €17,254 | €1,763 | -€15,491 | -89.8% |
| Other amounts receivable | 41 | - | €1,637 | +€1,637 | |
| Cash at bank and in hand | 54/58 | €4,352 | €5,140 | +€788 | +18.1% |
| Total equity and liabilities | 10/49 | €66,632 | €43,980 | -€22,652 | -34.0% |
| Equity | 10/15 | €21,960 | €17,521 | -€4,439 | -20.2% |
| Contributions | 10/11 | €6,201 | €6,201 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,759 | €11,320 | -€4,439 | -28.2% |
| Amounts payable | 17/49 | €44,672 | €26,459 | -€18,213 | -40.8% |
| Amounts payable after more than one year | 17 | €14,255 | €9,319 | -€4,936 | -34.6% |
| Financial debts | 170/4 | €14,255 | €9,319 | -€4,936 | -34.6% |
| Amounts payable within one year | 42/48 | €30,417 | €17,140 | -€13,277 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €4,936 | €4,936 | = | 0.0% |
| Trade debts | 44 | €3,699 | €3,278 | -€421 | -11.4% |
| Suppliers | 440/4 | €3,699 | €3,278 | -€421 | -11.4% |
| Taxes, remuneration and social security | 45 | €987 | - | -€987 | |
| Taxes | 450/3 | €987 | - | -€987 | |
| Other amounts payable | 47/48 | €20,795 | €8,926 | -€11,868 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,907 | €9,587 | +€6,679 | +230% |
| Other operating charges | 640/8 | €2,624 | €917 | -€1,707 | -65.1% |
| Gross operating margin | 9900 | €12,802 | €6,311 | -€6,491 | -50.7% |
| Operating profit (loss) | 9901 | €7,271 | -€4,193 | -€11,463 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +2,167% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +2,167% |
| Financial charges | 65/66B | €657 | €248 | -€409 | -62.2% |
| Recurring financial charges | 65 | €657 | €248 | -€409 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €6,614 | -€4,439 | -€11,053 | |
| Profit (loss) for the period | 9904 | €6,614 | -€4,439 | -€11,053 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,614 | -€4,439 | -€11,053 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.