KEY TO PERFORM: 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.
KEY TO PERFORM
Largest movements
- Tangible fixed assets -€15,559
down €15,559 (-34.3%), from €45,360 to €29,801
of which Plant, machinery and equipment: -€10,065
- Receivables within one year +€3,070
new in 2025: €3,070
- Deferred charges and accrued income +€944
up €944 (+189%), from €500 to €1,444
- Current portion of long-term debt -€9,114
down €9,114 (-54.8%), from €16,644 to €7,530
- Debts after one year -€7,530
down €7,530 (-29.0%), from €25,923 to €18,393
- Other debts +€5,220
up €5,220 (+113,729%), from €5 to €5,225
- Profit (loss) carried forward +€2,137
up €2,137 (+12.6%), from -€16,927 to -€14,790
- Tax, wage and social debts -€1,864
down €1,864 (-28.6%), from €6,510 to €4,646
of which Remuneration and social security: -€2,734
- Staff costs -€17,612
down €17,612 (-83.7%), from €21,049 to €3,437
- Depreciation +€6,248
up €6,248 (+46.3%), from €13,481 to €19,729
- Gross operating margin -€6,153
down €6,153 (-15.0%), from €41,115 to €34,962
- Taxes +€1,920
up €1,920 (+2,518%), from €76 to €1,996
- Financial charges +€1,318
up €1,318 (+23.5%), from €5,604 to €6,923
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,856 | €35,311 | -€11,545 | -24.6% |
| Fixed assets | 21/28 | €46,356 | €30,797 | -€15,559 | -33.6% |
| Tangible fixed assets | 22/27 | €45,360 | €29,801 | -€15,559 | -34.3% |
| Plant, machinery and equipment | 23 | €14,300 | €4,236 | -€10,065 | -70.4% |
| Furniture and vehicles | 24 | €31,060 | €25,565 | -€5,494 | -17.7% |
| Financial fixed assets | 28 | €996 | €996 | = | 0.0% |
| Current assets | 29/58 | €500 | €4,514 | +€4,014 | +803% |
| Amounts receivable within one year | 40/41 | - | €3,070 | +€3,070 | |
| Trade receivables | 40 | - | €3,070 | +€3,070 | |
| Deferred charges and accrued income | 490/1 | €500 | €1,444 | +€944 | +189% |
| Total equity and liabilities | 10/49 | €46,856 | €35,311 | -€11,545 | -24.6% |
| Equity | 10/15 | -€10,727 | -€8,590 | +€2,137 | +19.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,927 | -€14,790 | +€2,137 | +12.6% |
| Amounts payable | 17/49 | €57,583 | €43,901 | -€13,682 | -23.8% |
| Amounts payable after more than one year | 17 | €25,923 | €18,393 | -€7,530 | -29.0% |
| Financial debts | 170/4 | €25,923 | €18,393 | -€7,530 | -29.0% |
| Amounts payable within one year | 42/48 | €31,661 | €25,508 | -€6,152 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €16,644 | €7,530 | -€9,114 | -54.8% |
| Financial debts | 43 | €4,710 | €3,441 | -€1,269 | -26.9% |
| Credit institutions | 430/8 | €4,710 | €3,441 | -€1,269 | -26.9% |
| Trade debts | 44 | €3,791 | €4,666 | +€875 | +23.1% |
| Suppliers | 440/4 | €3,791 | €4,666 | +€875 | +23.1% |
| Taxes, remuneration and social security | 45 | €6,510 | €4,646 | -€1,864 | -28.6% |
| Taxes | 450/3 | €2,176 | €3,046 | +€870 | +40.0% |
| Remuneration and social security | 454/9 | €4,334 | €1,600 | -€2,734 | -63.1% |
| Other amounts payable | 47/48 | €5 | €5,225 | +€5,220 | +113,729% |
| Remuneration, social security and pensions | 62 | €21,049 | €3,437 | -€17,612 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,481 | €19,729 | +€6,248 | +46.3% |
| Other operating charges | 640/8 | €862 | €785 | -€78 | -9.0% |
| Gross operating margin | 9900 | €41,115 | €34,962 | -€6,153 | -15.0% |
| Operating profit (loss) | 9901 | €5,722 | €11,012 | +€5,289 | +92.4% |
| Financial income | 75/76B | - | €44 | +€44 | |
| Recurring financial income | 75 | - | €44 | +€44 | |
| Financial charges | 65/66B | €5,604 | €6,923 | +€1,318 | +23.5% |
| Recurring financial charges | 65 | €5,604 | €6,923 | +€1,318 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €118 | €4,133 | +€4,015 | +3,407% |
| Income taxes | 67/77 | €76 | €1,996 | +€1,920 | +2,518% |
| Profit (loss) for the period | 9904 | €42 | €2,137 | +€2,095 | +5,036% |
| Profit (loss) for the period to be appropriated | 9905 | €42 | €2,137 | +€2,095 | +5,036% |
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 16 October 2026 via checked.be.