ITEM: 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.
ITEM
Largest movements
- Receivables within one year -€30,779
down €30,779 (-90.2%), from €34,114 to €3,335
of which Trade receivables: -€34,114
- Cash +€28,794
up €28,794 (+126%), from €22,846 to €51,639
mainly Receivables within one year (+€30,779) and Net result for the year (+€15,356)
- Tangible fixed assets -€15,120
down €15,120 (-15.6%), from €96,813 to €81,693
of which Furniture and vehicles: -€10,665
- Trade debts -€26,165
down €26,165 (-91.8%), from €28,506 to €2,341
- Profit (loss) carried forward +€15,356
up €15,356 (+158%), from €9,696 to €25,052
- Accrued charges and deferred income -€13,200
no longer reported in 2025 (was €13,200)
- Tax, wage and social debts +€4,630
new in 2025: €4,630
- Other debts +€2,971
up €2,971 (+3.7%), from €81,257 to €84,228
- Gross operating margin -€14,986
down €14,986 (-27.3%), from €54,822 to €39,836
- Depreciation +€8,164
up €8,164 (+117%), from €6,956 to €15,120
- Taxes +€4,630
new in 2025: €4,630
- Other operating charges +€2,900
up €2,900 (+209%), from €1,388 to €4,289
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 | €155,193 | €138,785 | -€16,408 | -10.6% |
| Fixed assets | 21/28 | €96,813 | €81,693 | -€15,120 | -15.6% |
| Tangible fixed assets | 22/27 | €96,813 | €81,693 | -€15,120 | -15.6% |
| Land and buildings | 22 | €46,407 | €42,675 | -€3,732 | -8.0% |
| Plant, machinery and equipment | 23 | €2,924 | €2,201 | -€723 | -24.7% |
| Furniture and vehicles | 24 | €47,482 | €36,817 | -€10,665 | -22.5% |
| Current assets | 29/58 | €58,380 | €57,092 | -€1,288 | -2.2% |
| Amounts receivable within one year | 40/41 | €34,114 | €3,335 | -€30,779 | -90.2% |
| Trade receivables | 40 | €34,114 | - | -€34,114 | |
| Other amounts receivable | 41 | - | €3,335 | +€3,335 | |
| Cash at bank and in hand | 54/58 | €22,846 | €51,639 | +€28,794 | +126% |
| Deferred charges and accrued income | 490/1 | €1,420 | €2,117 | +€697 | +49.1% |
| Total equity and liabilities | 10/49 | €155,193 | €138,785 | -€16,408 | -10.6% |
| Equity | 10/15 | €32,230 | €47,587 | +€15,356 | +47.6% |
| Contributions | 10/11 | €20,675 | €20,675 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,696 | €25,052 | +€15,356 | +158% |
| Amounts payable | 17/49 | €122,963 | €91,198 | -€31,765 | -25.8% |
| Amounts payable within one year | 42/48 | €109,763 | €91,198 | -€18,565 | -16.9% |
| Trade debts | 44 | €28,506 | €2,341 | -€26,165 | -91.8% |
| Suppliers | 440/4 | €28,506 | €2,341 | -€26,165 | -91.8% |
| Taxes, remuneration and social security | 45 | - | €4,630 | +€4,630 | |
| Taxes | 450/3 | - | €4,630 | +€4,630 | |
| Other amounts payable | 47/48 | €81,257 | €84,228 | +€2,971 | +3.7% |
| Accrued charges and deferred income | 492/3 | €13,200 | - | -€13,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,956 | €15,120 | +€8,164 | +117% |
| Other operating charges | 640/8 | €1,388 | €4,289 | +€2,900 | +209% |
| Gross operating margin | 9900 | €54,822 | €39,836 | -€14,986 | -27.3% |
| Operating profit (loss) | 9901 | €46,478 | €20,427 | -€26,051 | -56.1% |
| Financial charges | 65/66B | €61 | €441 | +€380 | +622% |
| Recurring financial charges | 65 | €61 | €441 | +€380 | +622% |
| Profit (loss) for the period before taxes | 9903 | €46,417 | €19,986 | -€26,431 | -56.9% |
| Income taxes | 67/77 | - | €4,630 | +€4,630 | |
| Profit (loss) for the period | 9904 | €46,417 | €15,356 | -€31,060 | -66.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,417 | €15,356 | -€31,060 | -66.9% |
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 15 October 2026 via checked.be.