KEEP IT SIMPLE: what changed
Two fiscal 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.
What changed
KEEP IT SIMPLE
NACE 47.400, Retail sale of information and communication equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€8,943
2024 · €109,563-€118,506
Equity
€3.5m
2024 · €3.5m-€8,943
Cash
€756
2024 · €349,386-€348,631
Balance sheet total
€4.2m
2024 · €4.6m-€342,745
Largest movements
Assets
- Cash -€348,631
down €348,631 (-99.8%), from €349,386 to €756
mainly Tax, wage and social debts (-€315,041) and Debts after one year (-€45,141)
- Tangible fixed assets -€49,127
down €49,127 (-5.2%), from €938,463 to €889,336
Equity and liabilities
- Tax, wage and social debts -€315,041
no longer reported in 2025 (was €315,041)
- Other debts +€59,883
up €59,883 (+36.3%), from €164,799 to €224,681
Income statement
- Gross operating margin -€170,944
down €170,944, from €147,851 to -€23,093
- Taxes -€37,203
down €37,203 (-98.0%), from €37,963 to €760
- Financial income +€15,628
up €15,628 (+21.6%), from €72,203 to €87,831
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.
Result 2024
€109,563
Gross operating margin
-€170,944
Depreciation
-€808
Other operating charges
+€634
Financial income
+€15,628
Financial charges
-€219
Taxes
+€37,203
Result 2025
-€8,943
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.
From operations
-€238,810
Investment
-€27,873
Financing
-€81,948
Cash 2024
€349,386
From operations (derived)
-€238,810
Net result for the year
-€8,943
Depreciation
+€49,852
Receivables within one year
-€28,307
Smaller working-capital items
-€92
Tax, wage and social debts
-€315,041
Other debts
+€59,883
Accrued charges and deferred income
+€3,840
Investment (derived)
-€27,873
Investment in fixed assets (net)
-€725
Current investments
-€27,148
Financing
-€81,948
Debts after one year
-€45,141
Current portion of long-term debt
+€26
Short-term financial debts
-€36,833
Cash 2025
€756
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,575,285 | €4,232,541 | -€342,745 | -7.5% |
| Fixed assets | 21/28 | €938,463 | €889,336 | -€49,127 | -5.2% |
| Tangible fixed assets | 22/27 | €938,463 | €889,336 | -€49,127 | -5.2% |
| Land and buildings | 22 | €840,552 | €816,029 | -€24,523 | -2.9% |
| Plant, machinery and equipment | 23 | €2,847 | €2,294 | -€554 | -19.4% |
| Furniture and vehicles | 24 | €95,064 | €71,014 | -€24,050 | -25.3% |
| Current assets | 29/58 | €3,636,823 | €3,343,205 | -€293,618 | -8.1% |
| Amounts receivable after more than one year | 29 | €1,125,000 | €1,125,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,125,000 | €1,125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,093 | €46,400 | +€28,307 | +156.5% |
| Trade receivables | 40 | €4,801 | €6,075 | +€1,275 | +26.6% |
| Other amounts receivable | 41 | €13,293 | €40,325 | +€27,033 | +203.4% |
| Current investments | 50/53 | €2,091,658 | €2,118,806 | +€27,148 | +1.3% |
| Cash at bank and in hand | 54/58 | €349,386 | €756 | -€348,631 | -99.8% |
| Deferred charges and accrued income | 490/1 | €52,685 | €52,242 | -€442 | -0.8% |
| Total equity and liabilities | 10/49 | €4,575,285 | €4,232,541 | -€342,745 | -7.5% |
| Equity | 10/15 | €3,463,659 | €3,454,717 | -€8,943 | -0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,451,259 | €3,442,317 | -€8,943 | -0.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €3,449,399 | €3,440,457 | -€8,943 | -0.3% |
| Amounts payable | 17/49 | €1,111,626 | €777,824 | -€333,802 | -30.0% |
| Amounts payable after more than one year | 17 | €536,927 | €491,786 | -€45,141 | -8.4% |
| Financial debts | 170/4 | €536,927 | €491,786 | -€45,141 | -8.4% |
| Amounts payable within one year | 42/48 | €574,659 | €282,158 | -€292,501 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €45,115 | €45,141 | +€26 | +0.1% |
| Financial debts | 43 | €43,500 | €6,667 | -€36,833 | -84.7% |
| Credit institutions | 430/8 | €43,500 | €6,667 | -€36,833 | -84.7% |
| Trade debts | 44 | €6,204 | €5,669 | -€535 | -8.6% |
| Suppliers | 440/4 | €6,204 | €5,669 | -€535 | -8.6% |
| Taxes, remuneration and social security | 45 | €315,041 | - | -€315,041 | |
| Taxes | 450/3 | €315,041 | - | -€315,041 | |
| Other amounts payable | 47/48 | €164,799 | €224,681 | +€59,883 | +36.3% |
| Accrued charges and deferred income | 492/3 | €40 | €3,880 | +€3,840 | +9561.4% |
| Non-recurring operating income | 76A | €102,945 | €2,467 | -€100,478 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,043 | €49,852 | +€808 | +1.6% |
| Other operating charges | 640/8 | €5,783 | €5,149 | -€634 | -11.0% |
| Gross operating margin | 9900 | €147,851 | -€23,093 | -€170,944 | |
| Operating profit (loss) | 9901 | €93,025 | -€78,093 | -€171,118 | |
| Financial income | 75/76B | €72,203 | €87,831 | +€15,628 | +21.6% |
| Recurring financial income | 75 | €72,203 | €87,831 | +€15,628 | +21.6% |
| Financial charges | 65/66B | €17,701 | €17,920 | +€219 | +1.2% |
| Recurring financial charges | 65 | €17,701 | €17,920 | +€219 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €147,526 | -€8,183 | -€155,709 | |
| Income taxes | 67/77 | €37,963 | €760 | -€37,203 | -98.0% |
| Profit (loss) for the period | 9904 | €109,563 | -€8,943 | -€118,506 | |
| Profit (loss) for the period to be appropriated | 9905 | €109,563 | -€8,943 | -€118,506 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.