IT'S NOT ONLY COMMUNICATION: 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'S NOT ONLY COMMUNICATION
Largest movements
- Tangible fixed assets -€14,861
down €14,861 (-3.7%), from €396,536 to €381,674
of which Land and buildings: -€13,180
- Receivables within one year -€7,087
down €7,087 (-27.3%), from €25,966 to €18,879
- Cash -€4,784
no longer reported in 2025 (was €4,784)
mainly Debts after one year (-€19,795) and Tax, wage and social debts (-€7,664)
- Debts after one year -€19,795
down €19,795 (-5.6%), from €351,098 to €331,303
- Tax, wage and social debts -€7,664
down €7,664 (-36.8%), from €20,812 to €13,148
of which Taxes: -€6,336
- Turnover -€77,004
down €77,004 (-60.6%), from €127,157 to €50,152
- Purchases and services -€39,088
down €39,088 (-53.7%), from €72,740 to €33,652
- Gross operating margin -€34,925
down €34,925 (-52.2%), from €66,902 to €31,977
- Taxes -€9,896
down €9,896 (-81.7%), from €12,110 to €2,215
- Depreciation -€3,486
down €3,486 (-18.4%), from €18,917 to €15,432
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 | €427,843 | €401,511 | -€26,332 | -6.2% |
| Fixed assets | 21/28 | €396,536 | €381,674 | -€14,861 | -3.7% |
| Tangible fixed assets | 22/27 | €396,536 | €381,674 | -€14,861 | -3.7% |
| Land and buildings | 22 | €387,056 | €373,876 | -€13,180 | -3.4% |
| Plant, machinery and equipment | 23 | €3,262 | €3,253 | -€9 | -0.3% |
| Furniture and vehicles | 24 | €6,217 | €4,546 | -€1,672 | -26.9% |
| Current assets | 29/58 | €31,307 | €19,836 | -€11,471 | -36.6% |
| Amounts receivable within one year | 40/41 | €25,966 | €18,879 | -€7,087 | -27.3% |
| Trade receivables | 40 | €25,966 | €18,879 | -€7,087 | -27.3% |
| Cash at bank and in hand | 54/58 | €4,784 | - | -€4,784 | |
| Deferred charges and accrued income | 490/1 | €557 | €957 | +€400 | +71.9% |
| Total equity and liabilities | 10/49 | €427,843 | €401,511 | -€26,332 | -6.2% |
| Equity | 10/15 | -€2,855 | -€958 | +€1,897 | +66.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €159 | €159 | = | 0.0% |
| Non-distributable reserves | 130/1 | €159 | €159 | = | 0.0% |
| Reserves not available under the articles | 1311 | €159 | €159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,214 | -€7,317 | +€1,897 | +20.6% |
| Amounts payable | 17/49 | €430,698 | €402,468 | -€28,229 | -6.6% |
| Amounts payable after more than one year | 17 | €351,098 | €331,303 | -€19,795 | -5.6% |
| Financial debts | 170/4 | €351,098 | €331,303 | -€19,795 | -5.6% |
| Amounts payable within one year | 42/48 | €78,819 | €70,446 | -€8,373 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €24,031 | €21,425 | -€2,606 | -10.8% |
| Financial debts | 43 | - | €2,057 | +€2,057 | |
| Credit institutions | 430/8 | - | €2,057 | +€2,057 | |
| Trade debts | 44 | €15,099 | €18,180 | +€3,081 | +20.4% |
| Suppliers | 440/4 | €15,099 | €18,180 | +€3,081 | +20.4% |
| Taxes, remuneration and social security | 45 | €20,812 | €13,148 | -€7,664 | -36.8% |
| Taxes | 450/3 | €19,484 | €13,148 | -€6,336 | -32.5% |
| Remuneration and social security | 454/9 | €1,328 | - | -€1,328 | |
| Other amounts payable | 47/48 | €18,877 | €15,635 | -€3,241 | -17.2% |
| Accrued charges and deferred income | 492/3 | €781 | €719 | -€61 | -7.9% |
| Turnover | 70 | €127,157 | €50,152 | -€77,004 | -60.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €72,740 | €33,652 | -€39,088 | -53.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,917 | €15,432 | -€3,486 | -18.4% |
| Other operating charges | 640/8 | €1,627 | €2,551 | +€924 | +56.8% |
| Non-recurring operating charges | 66A | €1,715 | €1,177 | -€538 | -31.4% |
| Gross operating margin | 9900 | €66,902 | €31,977 | -€34,925 | -52.2% |
| Operating profit (loss) | 9901 | €44,643 | €12,817 | -€31,826 | -71.3% |
| Financial income | 75/76B | €730 | €26 | -€705 | -96.5% |
| Recurring financial income | 75 | €730 | €26 | -€705 | -96.5% |
| Financial charges | 65/66B | €9,082 | €8,731 | -€351 | -3.9% |
| Recurring financial charges | 65 | €9,082 | €8,731 | -€351 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €36,291 | €4,111 | -€32,179 | -88.7% |
| Income taxes | 67/77 | €12,110 | €2,215 | -€9,896 | -81.7% |
| Profit (loss) for the period | 9904 | €24,180 | €1,897 | -€22,283 | -92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,180 | €1,897 | -€22,283 | -92.2% |
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 18 October 2026 via checked.be.