INVOICE: 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.
INVOICE
Largest movements
- Receivables within one year +€839
up €839 (+4.9%), from €16,979 to €17,818
of which Other amounts receivable: +€1,534
- Tangible fixed assets -€661
down €661 (-72.9%), from €907 to €246
of which Furniture and vehicles: -€427
- Reserves +€1,500
up €1,500 (+30.0%), from €5,000 to €6,500
- Tax, wage and social debts -€880
down €880 (-34.7%), from €2,535 to €1,655
- Trade debts -€594
down €594 (-74.7%), from €795 to €202
- Gross operating margin -€6,251
down €6,251 (-67.8%), from €9,215 to €2,964
- Taxes -€1,414
down €1,414 (-65.6%), from €2,155 to €741
- Other operating charges -€1,000
no longer reported in 2025 (was €1,000)
- Financial income +€201
new in 2025: €201
of which Financial income: +€201
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 | €43,433 | €43,662 | +€229 | +0.5% |
| Fixed assets | 21/28 | €907 | €246 | -€661 | -72.9% |
| Tangible fixed assets | 22/27 | €907 | €246 | -€661 | -72.9% |
| Plant, machinery and equipment | 23 | €317 | €83 | -€234 | -73.9% |
| Furniture and vehicles | 24 | €590 | €163 | -€427 | -72.3% |
| Current assets | 29/58 | €42,526 | €43,416 | +€890 | +2.1% |
| Amounts receivable within one year | 40/41 | €16,979 | €17,818 | +€839 | +4.9% |
| Trade receivables | 40 | €695 | - | -€695 | |
| Other amounts receivable | 41 | €16,285 | €17,818 | +€1,534 | +9.4% |
| Cash at bank and in hand | 54/58 | €25,547 | €25,598 | +€51 | +0.2% |
| Total equity and liabilities | 10/49 | €43,433 | €43,662 | +€229 | +0.5% |
| Equity | 10/15 | €40,102 | €41,805 | +€1,703 | +4.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Distributable reserves | 133 | €5,000 | €6,500 | +€1,500 | +30.0% |
| Profit (loss) carried forward | 14 | €14,642 | €14,845 | +€203 | +1.4% |
| Amounts payable | 17/49 | €3,331 | €1,857 | -€1,474 | -44.2% |
| Amounts payable within one year | 42/48 | €3,331 | €1,857 | -€1,474 | -44.2% |
| Trade debts | 44 | €795 | €202 | -€594 | -74.7% |
| Suppliers | 440/4 | €795 | €202 | -€594 | -74.7% |
| Taxes, remuneration and social security | 45 | €2,535 | €1,655 | -€880 | -34.7% |
| Taxes | 450/3 | €2,535 | €1,655 | -€880 | -34.7% |
| Non-recurring operating income | 76A | €6,873 | €904 | -€5,969 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €607 | €661 | +€54 | +8.9% |
| Other operating charges | 640/8 | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | €9,215 | €2,964 | -€6,251 | -67.8% |
| Operating profit (loss) | 9901 | €7,608 | €2,303 | -€5,305 | -69.7% |
| Financial income | 75/76B | - | €201 | +€201 | |
| Recurring financial income | 75 | - | €201 | +€201 | |
| Non-recurring financial income | 76B | - | €201 | +€201 | |
| Financial charges | 65/66B | €52 | €60 | +€8 | +15.4% |
| Recurring financial charges | 65 | €52 | €60 | +€8 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €7,556 | €2,444 | -€5,111 | -67.6% |
| Income taxes | 67/77 | €2,155 | €741 | -€1,414 | -65.6% |
| Profit (loss) for the period | 9904 | €5,400 | €1,703 | -€3,697 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,400 | €1,703 | -€3,697 | -68.5% |
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.