Key To Solution: 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 To Solution
Largest movements
- Receivables within one year -€75,120
down €75,120 (-57.3%), from €131,025 to €55,905
of which Trade receivables: -€58,611
- Cash +€29,925
up €29,925 (+271.3%), from €11,029 to €40,954
mainly Receivables within one year (+€75,120) and Receivables after one year (+€10,000)
- Receivables after one year -€10,000
down €10,000 (-10.0%), from €100,000 to €90,000
- Reserves -€42,613
down €42,613 (-20.8%), from €204,447 to €161,834
- Tax, wage and social debts -€35,027
down €35,027 (-97.8%), from €35,810 to €784
- Profit (loss) carried forward +€19,448
up €19,448, from -€19,448 to €0
- Other debts +€5,340
new in 2025: €5,340
- Turnover +€40,000
new in 2025: €40,000
- Gross operating margin +€38,082
up €38,082, from -€18,481 to €19,601
- Purchases and services +€20,399
new in 2025: €20,399
- Write-downs +€10,239
new in 2025: €10,239
- Financial income +€884
new in 2025: €884
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 | €242,055 | €186,859 | -€55,196 | -22.8% |
| Current assets | 29/58 | €242,055 | €186,859 | -€55,196 | -22.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Other amounts receivable | 291 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Amounts receivable within one year | 40/41 | €131,025 | €55,905 | -€75,120 | -57.3% |
| Trade receivables | 40 | €80,011 | €21,400 | -€58,611 | -73.3% |
| Other amounts receivable | 41 | €51,014 | €34,505 | -€16,509 | -32.4% |
| Cash at bank and in hand | 54/58 | €11,029 | €40,954 | +€29,925 | +271.3% |
| Total equity and liabilities | 10/49 | €242,055 | €186,859 | -€55,196 | -22.8% |
| Equity | 10/15 | €203,591 | €180,426 | -€23,165 | -11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €204,447 | €161,834 | -€42,613 | -20.8% |
| Distributable reserves | 133 | €204,447 | €161,834 | -€42,613 | -20.8% |
| Profit (loss) carried forward | 14 | -€19,448 | €0 | +€19,448 | |
| Amounts payable | 17/49 | €38,463 | €6,432 | -€32,031 | -83.3% |
| Amounts payable within one year | 42/48 | €38,463 | €6,432 | -€32,031 | -83.3% |
| Trade debts | 44 | €2,653 | €309 | -€2,344 | -88.4% |
| Suppliers | 440/4 | €2,653 | €309 | -€2,344 | -88.4% |
| Taxes, remuneration and social security | 45 | €35,810 | €784 | -€35,027 | -97.8% |
| Taxes | 450/3 | €35,810 | €784 | -€35,027 | -97.8% |
| Other amounts payable | 47/48 | - | €5,340 | +€5,340 | |
| Turnover | 70 | - | €40,000 | +€40,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €20,399 | +€20,399 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,239 | +€10,239 | |
| Other operating charges | 640/8 | €600 | €618 | +€18 | +2.9% |
| Gross operating margin | 9900 | -€18,481 | €19,601 | +€38,082 | |
| Operating profit (loss) | 9901 | -€19,081 | €8,744 | +€27,826 | |
| Financial income | 75/76B | - | €884 | +€884 | |
| Recurring financial income | 75 | - | €884 | +€884 | |
| Financial charges | 65/66B | €367 | €1,010 | +€643 | +175.4% |
| Recurring financial charges | 65 | €367 | €1,010 | +€643 | +175.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,448 | €8,619 | +€28,067 | |
| Income taxes | 67/77 | €0 | €784 | +€784 | |
| Profit (loss) for the period | 9904 | -€19,448 | €7,835 | +€27,283 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,448 | €7,835 | +€27,283 |
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 8 October 2026 via checked.be.