KEY BUILDING: 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.
KEY BUILDING
Largest movements
- Receivables within one year -€38,651
down €38,651 (-98.9%), from €39,093 to €443
- Cash -€2,916
down €2,916 (-97.0%), from €3,006 to €90
mainly Tax, wage and social debts (-€29,830) and Net result for the year (-€9,396)
- Tax, wage and social debts -€29,830
down €29,830 (-22.5%), from €132,470 to €102,640
- Profit (loss) carried forward -€9,396
down €9,396 (-16.0%), from -€58,753 to -€68,148
- Other debts -€2,535
down €2,535 (-58.1%), from €4,365 to €1,830
- Gross operating margin -€36,101
down €36,101, from €30,134 to -€5,967
- Financial charges +€1,840
up €1,840 (+1367.8%), from €135 to €1,975
- Depreciation -€689
no longer reported in 2025 (was €689)
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,654 | €187,087 | -€41,567 | -18.2% |
| Current assets | 29/58 | €228,654 | €187,087 | -€41,567 | -18.2% |
| Stocks and contracts in progress | 3 | €186,554 | €186,554 | = | 0.0% |
| Contracts in progress | 37 | €186,554 | €186,554 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,093 | €443 | -€38,651 | -98.9% |
| Other amounts receivable | 41 | €39,093 | €443 | -€38,651 | -98.9% |
| Cash at bank and in hand | 54/58 | €3,006 | €90 | -€2,916 | -97.0% |
| Total equity and liabilities | 10/49 | €228,654 | €187,087 | -€41,567 | -18.2% |
| Equity | 10/15 | €75,447 | €66,052 | -€9,396 | -12.5% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Capital | 10 | €122,000 | €122,000 | = | 0.0% |
| Issued capital | 100 | €122,000 | €122,000 | = | 0.0% |
| Reserves | 13 | €12,200 | €12,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,200 | €12,200 | = | 0.0% |
| Legal reserve | 130 | €12,200 | €12,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,753 | -€68,148 | -€9,396 | -16.0% |
| Amounts payable | 17/49 | €153,206 | €121,035 | -€32,171 | -21.0% |
| Amounts payable within one year | 42/48 | €153,206 | €121,035 | -€32,171 | -21.0% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €16,372 | €16,560 | +€189 | +1.2% |
| Suppliers | 440/4 | €16,372 | €16,560 | +€189 | +1.2% |
| Taxes, remuneration and social security | 45 | €132,470 | €102,640 | -€29,830 | -22.5% |
| Taxes | 450/3 | €132,470 | €102,640 | -€29,830 | -22.5% |
| Other amounts payable | 47/48 | €4,365 | €1,830 | -€2,535 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €689 | - | -€689 | |
| Other operating charges | 640/8 | €1,410 | €1,454 | +€44 | +3.1% |
| Gross operating margin | 9900 | €30,134 | -€5,967 | -€36,101 | |
| Operating profit (loss) | 9901 | €28,034 | -€7,421 | -€35,456 | |
| Financial income | 75/76B | €0 | €1 | +€0 | +42.6% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +42.6% |
| Financial charges | 65/66B | €135 | €1,975 | +€1,840 | +1367.8% |
| Recurring financial charges | 65 | €135 | €1,975 | +€1,840 | +1367.8% |
| Profit (loss) for the period before taxes | 9903 | €27,900 | -€9,395 | -€37,296 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | €27,900 | -€9,396 | -€37,296 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,900 | -€9,396 | -€37,296 |
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 3 October 2026 via checked.be.