JOULY: 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.
JOULY
Largest movements
- Receivables within one year -€13,060
down €13,060 (-78.8%), from €16,563 to €3,504
of which Trade receivables: -€7,391
- Cash -€6,485
down €6,485 (-79.5%), from €8,162 to €1,677
mainly Net result for the year (-€35,881) and Accrued charges and deferred income (-€2,641)
- Deferred charges and accrued income -€425
down €425 (-100%), from €425 to €0
- Formation expenses -€354
down €354 (-47.5%), from €745 to €391
- Profit (loss) carried forward -€35,881
down €35,881 (-861%), from -€4,165 to -€40,046
- Other debts +€21,076
up €21,076 (+91.3%), from €23,092 to €44,168
- Accrued charges and deferred income -€2,641
down €2,641 (-64.1%), from €4,123 to €1,481
- Trade debts -€1,837
down €1,837 (-50.3%), from €3,654 to €1,817
- Tax, wage and social debts -€930
down €930 (-80.5%), from €1,156 to €226
- Turnover -€52,315
down €52,315 (-58.3%), from €89,750 to €37,434
- Gross operating margin -€36,364
down €36,364, from €12,499 to -€23,865
- Purchases and services -€14,675
down €14,675 (-17.4%), from €84,566 to €69,891
- Staff costs -€2,502
down €2,502 (-29.4%), from €8,512 to €6,011
- Financial charges +€1,173
up €1,173 (+66.9%), from €1,754 to €2,927
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 | €30,860 | €10,646 | -€20,214 | -65.5% |
| Formation expenses | 20 | €745 | €391 | -€354 | -47.5% |
| Fixed assets | 21/28 | €4,965 | €5,074 | +€109 | +2.2% |
| Tangible fixed assets | 22/27 | €4,965 | €5,074 | +€109 | +2.2% |
| Plant, machinery and equipment | 23 | €268 | €177 | -€91 | -33.9% |
| Furniture and vehicles | 24 | €4,697 | €4,897 | +€200 | +4.3% |
| Current assets | 29/58 | €25,150 | €5,181 | -€19,969 | -79.4% |
| Amounts receivable within one year | 40/41 | €16,563 | €3,504 | -€13,060 | -78.8% |
| Trade receivables | 40 | €10,768 | €3,377 | -€7,391 | -68.6% |
| Other amounts receivable | 41 | €5,795 | €127 | -€5,668 | -97.8% |
| Cash at bank and in hand | 54/58 | €8,162 | €1,677 | -€6,485 | -79.5% |
| Deferred charges and accrued income | 490/1 | €425 | €0 | -€425 | -100% |
| Total equity and liabilities | 10/49 | €30,860 | €10,646 | -€20,214 | -65.5% |
| Equity | 10/15 | -€1,165 | -€37,046 | -€35,881 | -3,079% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,165 | -€40,046 | -€35,881 | -861% |
| Amounts payable | 17/49 | €32,025 | €47,692 | +€15,667 | +48.9% |
| Amounts payable within one year | 42/48 | €27,902 | €46,211 | +€18,309 | +65.6% |
| Trade debts | 44 | €3,654 | €1,817 | -€1,837 | -50.3% |
| Suppliers | 440/4 | €3,654 | €1,817 | -€1,837 | -50.3% |
| Taxes, remuneration and social security | 45 | €1,156 | €226 | -€930 | -80.5% |
| Taxes | 450/3 | €1,156 | €226 | -€930 | -80.5% |
| Other amounts payable | 47/48 | €23,092 | €44,168 | +€21,076 | +91.3% |
| Accrued charges and deferred income | 492/3 | €4,123 | €1,481 | -€2,641 | -64.1% |
| Turnover | 70 | €89,750 | €37,434 | -€52,315 | -58.3% |
| Non-recurring operating income | 76A | €29 | - | -€29 | |
| Goods, raw materials, services and sundry goods | 60/61 | €84,566 | €69,891 | -€14,675 | -17.4% |
| Remuneration, social security and pensions | 62 | €8,512 | €6,011 | -€2,502 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,956 | €2,678 | +€722 | +36.9% |
| Other operating charges | 640/8 | €276 | €263 | -€14 | -4.9% |
| Non-recurring operating charges | 66A | €3,794 | - | -€3,794 | |
| Gross operating margin | 9900 | €12,499 | -€23,865 | -€36,364 | |
| Operating profit (loss) | 9901 | -€2,040 | -€32,816 | -€30,776 | -1,508% |
| Financial income | 75/76B | €19 | €89 | +€70 | +378% |
| Recurring financial income | 75 | €19 | €89 | +€70 | +378% |
| Financial charges | 65/66B | €1,754 | €2,927 | +€1,173 | +66.9% |
| Recurring financial charges | 65 | €1,754 | €2,927 | +€1,173 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,776 | -€35,655 | -€31,879 | -844% |
| Income taxes | 67/77 | €281 | €226 | -€56 | -19.8% |
| Profit (loss) for the period | 9904 | -€4,058 | -€35,881 | -€31,823 | -784% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,058 | -€35,881 | -€31,823 | -784% |
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 17 October 2026 via checked.be.