JULIE VANHOUTTE: 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.
JULIE VANHOUTTE
Largest movements
- Deferred charges and accrued income -€6,697
down €6,697 (-75.6%), from €8,861 to €2,164
- Intangible fixed assets -€6,667
down €6,667 (-10.3%), from €65,000 to €58,333
- Receivables within one year +€1,991
up €1,991 (+33.9%), from €5,867 to €7,858
of which Trade receivables: +€1,585
- Other debts +€10,986
up €10,986 (+63.7%), from €17,237 to €28,223
- Debts after one year -€9,124
down €9,124 (-22.7%), from €40,224 to €31,100
- Profit (loss) carried forward -€5,665
down €5,665 (-151%), from -€3,763 to -€9,427
- Tax, wage and social debts -€5,125
down €5,125 (-94.2%), from €5,438 to €313
of which Taxes: -€5,125
- Trade debts -€3,332
down €3,332 (-29.9%), from €11,156 to €7,824
- Gross operating margin -€3,336
down €3,336 (-40.4%), from €8,265 to €4,929
- Other operating charges -€782
down €782 (-30.9%), from €2,530 to €1,748
- Financial charges -€394
down €394 (-17.9%), from €2,203 to €1,809
- Taxes -€365
no longer reported in 2025 (was €365)
- Depreciation +€106
up €106 (+1.5%), from €6,931 to €7,037
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 | €80,650 | €69,496 | -€11,154 | -13.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €65,800 | €59,446 | -€6,353 | -9.7% |
| Intangible fixed assets | 21 | €65,000 | €58,333 | -€6,667 | -10.3% |
| Tangible fixed assets | 22/27 | €800 | €1,113 | +€313 | +39.2% |
| Furniture and vehicles | 24 | €800 | €1,113 | +€313 | +39.2% |
| Current assets | 29/58 | €14,851 | €10,050 | -€4,801 | -32.3% |
| Amounts receivable within one year | 40/41 | €5,867 | €7,858 | +€1,991 | +33.9% |
| Trade receivables | 40 | €5,867 | €7,452 | +€1,585 | +27.0% |
| Other amounts receivable | 41 | €0 | €405 | +€405 | |
| Cash at bank and in hand | 54/58 | €123 | €28 | -€94 | -77.0% |
| Deferred charges and accrued income | 490/1 | €8,861 | €2,164 | -€6,697 | -75.6% |
| Total equity and liabilities | 10/49 | €80,650 | €69,496 | -€11,154 | -13.8% |
| Equity | 10/15 | -€2,341 | -€8,006 | -€5,665 | -242% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €422 | €422 | = | 0.0% |
| Distributable reserves | 133 | €422 | €422 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,763 | -€9,427 | -€5,665 | -151% |
| Amounts payable | 17/49 | €82,991 | €77,502 | -€5,490 | -6.6% |
| Amounts payable after more than one year | 17 | €40,224 | €31,100 | -€9,124 | -22.7% |
| Financial debts | 170/4 | €40,224 | €31,100 | -€9,124 | -22.7% |
| Amounts payable within one year | 42/48 | €42,639 | €45,484 | +€2,844 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €8,809 | €9,124 | +€315 | +3.6% |
| Trade debts | 44 | €11,156 | €7,824 | -€3,332 | -29.9% |
| Suppliers | 440/4 | €11,156 | €7,824 | -€3,332 | -29.9% |
| Taxes, remuneration and social security | 45 | €5,438 | €313 | -€5,125 | -94.2% |
| Taxes | 450/3 | €5,438 | €313 | -€5,125 | -94.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,237 | €28,223 | +€10,986 | +63.7% |
| Accrued charges and deferred income | 492/3 | €128 | €918 | +€790 | +617% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,931 | €7,037 | +€106 | +1.5% |
| Other operating charges | 640/8 | €2,530 | €1,748 | -€782 | -30.9% |
| Gross operating margin | 9900 | €8,265 | €4,929 | -€3,336 | -40.4% |
| Operating profit (loss) | 9901 | -€1,195 | -€3,856 | -€2,661 | -223% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,203 | €1,809 | -€394 | -17.9% |
| Recurring financial charges | 65 | €2,203 | €1,809 | -€394 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,398 | -€5,665 | -€2,267 | -66.7% |
| Income taxes | 67/77 | €365 | - | -€365 | |
| Profit (loss) for the period | 9904 | -€3,763 | -€5,665 | -€1,902 | -50.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,763 | -€5,665 | -€1,902 | -50.5% |
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 31 October 2026 via checked.be.