it RIGHT: 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.
it RIGHT
Largest movements
- Tangible fixed assets -€38,377
down €38,377 (-21.9%), from €175,180 to €136,803
- Cash -€22,437
no longer reported in 2025 (was €22,437)
mainly Net result for the year (-€61,308) and Debts after one year (-€16,105)
- Receivables within one year -€18,551
down €18,551 (-21.1%), from €87,925 to €69,374
of which Trade receivables: -€26,304
- Profit (loss) carried forward -€61,308
down €61,308 (-29.4%), from €208,200 to €146,892
- Debts after one year -€16,105
no longer reported in 2025 (was €16,105)
- Other debts -€7,193
no longer reported in 2025 (was €7,193)
- Short-term financial debts +€3,532
new in 2025: €3,532
- Gross operating margin -€87,781
down €87,781, from €69,880 to -€17,901
- Taxes -€14,517
no longer reported in 2025 (was €14,517)
- Depreciation +€3,091
up €3,091 (+8.3%), from €37,133 to €40,224
- Financial charges +€1,285
up €1,285 (+195.4%), from €658 to €1,943
- Staff costs -€707
no longer reported in 2025 (was €707)
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 | €288,554 | €209,598 | -€78,957 | -27.4% |
| Fixed assets | 21/28 | €175,180 | €136,803 | -€38,377 | -21.9% |
| Tangible fixed assets | 22/27 | €175,180 | €136,803 | -€38,377 | -21.9% |
| Land and buildings | 22 | €125,696 | €110,014 | -€15,682 | -12.5% |
| Plant, machinery and equipment | 23 | €2,699 | €2,015 | -€684 | -25.3% |
| Furniture and vehicles | 24 | €37,972 | €20,339 | -€17,633 | -46.4% |
| Other tangible fixed assets | 26 | €6,074 | €4,435 | -€1,640 | -27.0% |
| Assets under construction and advance payments | 27 | €2,740 | - | -€2,740 | |
| Current assets | 29/58 | €113,374 | €72,795 | -€40,579 | -35.8% |
| Amounts receivable within one year | 40/41 | €87,925 | €69,374 | -€18,551 | -21.1% |
| Trade receivables | 40 | €62,189 | €35,885 | -€26,304 | -42.3% |
| Other amounts receivable | 41 | €25,736 | €33,489 | +€7,753 | +30.1% |
| Cash at bank and in hand | 54/58 | €22,437 | - | -€22,437 | |
| Deferred charges and accrued income | 490/1 | €3,012 | €3,421 | +€409 | +13.6% |
| Total equity and liabilities | 10/49 | €288,554 | €209,598 | -€78,957 | -27.4% |
| Equity | 10/15 | €233,395 | €172,087 | -€61,308 | -26.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,595 | €6,595 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,735 | €4,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €208,200 | €146,892 | -€61,308 | -29.4% |
| Amounts payable | 17/49 | €55,159 | €37,510 | -€17,649 | -32.0% |
| Amounts payable after more than one year | 17 | €16,105 | - | -€16,105 | |
| Financial debts | 170/4 | €16,105 | - | -€16,105 | |
| Amounts payable within one year | 42/48 | €39,054 | €37,510 | -€1,544 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €15,253 | €16,105 | +€853 | +5.6% |
| Financial debts | 43 | - | €3,532 | +€3,532 | |
| Credit institutions | 430/8 | - | €3,532 | +€3,532 | |
| Trade debts | 44 | €385 | €333 | -€53 | -13.6% |
| Suppliers | 440/4 | €385 | €333 | -€53 | -13.6% |
| Taxes, remuneration and social security | 45 | €16,222 | €17,540 | +€1,317 | +8.1% |
| Taxes | 450/3 | €16,222 | €17,540 | +€1,317 | +8.1% |
| Other amounts payable | 47/48 | €7,193 | - | -€7,193 | |
| Remuneration, social security and pensions | 62 | €707 | - | -€707 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,133 | €40,224 | +€3,091 | +8.3% |
| Other operating charges | 640/8 | €1,801 | €1,538 | -€263 | -14.6% |
| Gross operating margin | 9900 | €69,880 | -€17,901 | -€87,781 | |
| Operating profit (loss) | 9901 | €30,239 | -€59,662 | -€89,902 | |
| Financial income | 75/76B | - | €297 | +€297 | |
| Recurring financial income | 75 | - | €297 | +€297 | |
| Financial charges | 65/66B | €658 | €1,943 | +€1,285 | +195.4% |
| Recurring financial charges | 65 | €658 | €1,943 | +€1,285 | +195.4% |
| Profit (loss) for the period before taxes | 9903 | €29,582 | -€61,308 | -€90,889 | |
| Income taxes | 67/77 | €14,517 | - | -€14,517 | |
| Profit (loss) for the period | 9904 | €15,065 | -€61,308 | -€76,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,065 | -€61,308 | -€76,372 |
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 9 October 2026 via checked.be.