Key2info: 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.
Key2info
Largest movements
- Cash -€6,842
down €6,842 (-89.9%), from €7,610 to €768
mainly Tax, wage and social debts (-€25,734) and Trade debts (-€9,928)
- Receivables within one year +€3,392
up €3,392 (+7.3%), from €46,770 to €50,163
of which Trade receivables: +€3,392
- Deferred charges and accrued income +€844
up €844 (+110.5%), from €763 to €1,607
- Profit (loss) carried forward +€34,104
up €34,104 (+8.6%), from -€396,219 to -€362,116
- Tax, wage and social debts -€25,734
down €25,734 (-43.1%), from €59,775 to €34,041
of which Taxes: -€16,540
- Trade debts -€9,928
down €9,928 (-18.1%), from €54,770 to €44,842
- Other debts -€1,048
down €1,048 (-3.2%), from €32,763 to €31,715
- Gross operating margin +€77,577
up €77,577 (+73.7%), from €105,315 to €182,891
- Staff costs -€23,554
down €23,554 (-13.8%), from €170,440 to €146,886
- Other operating charges -€17,486
down €17,486 (-98.3%), from €17,791 to €305
- Financial charges -€9,149
down €9,149 (-93.7%), from €9,768 to €619
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 | €55,844 | €53,238 | -€2,606 | -4.7% |
| Fixed assets | 21/28 | €700 | €700 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €55,144 | €52,538 | -€2,606 | -4.7% |
| Amounts receivable within one year | 40/41 | €46,770 | €50,163 | +€3,392 | +7.3% |
| Trade receivables | 40 | €45,420 | €48,813 | +€3,392 | +7.5% |
| Other amounts receivable | 41 | €1,350 | €1,350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,610 | €768 | -€6,842 | -89.9% |
| Deferred charges and accrued income | 490/1 | €763 | €1,607 | +€844 | +110.5% |
| Total equity and liabilities | 10/49 | €55,844 | €53,238 | -€2,606 | -4.7% |
| Equity | 10/15 | -€377,619 | -€343,516 | +€34,104 | +9.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€396,219 | -€362,116 | +€34,104 | +8.6% |
| Amounts payable | 17/49 | €433,463 | €396,753 | -€36,710 | -8.5% |
| Amounts payable after more than one year | 17 | €286,155 | €286,155 | -€0 | 0.0% |
| Financial debts | 170/4 | €49,583 | €80,151 | +€30,568 | +61.7% |
| Trade debts | 175 | €127,241 | - | -€127,241 | |
| Other amounts payable | 178/9 | €109,331 | €206,004 | +€96,673 | +88.4% |
| Amounts payable within one year | 42/48 | €147,308 | €110,599 | -€36,709 | -24.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €54,770 | €44,842 | -€9,928 | -18.1% |
| Suppliers | 440/4 | €54,770 | €44,842 | -€9,928 | -18.1% |
| Taxes, remuneration and social security | 45 | €59,775 | €34,041 | -€25,734 | -43.1% |
| Taxes | 450/3 | €32,154 | €15,614 | -€16,540 | -51.4% |
| Remuneration and social security | 454/9 | €27,622 | €18,428 | -€9,194 | -33.3% |
| Other amounts payable | 47/48 | €32,763 | €31,715 | -€1,048 | -3.2% |
| Remuneration, social security and pensions | 62 | €170,440 | €146,886 | -€23,554 | -13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234 | €0 | -€234 | -100.0% |
| Other operating charges | 640/8 | €17,791 | €305 | -€17,486 | -98.3% |
| Gross operating margin | 9900 | €105,315 | €182,891 | +€77,577 | +73.7% |
| Operating profit (loss) | 9901 | -€83,150 | €35,701 | +€118,851 | |
| Financial income | 75/76B | €11 | €5 | -€6 | -56.1% |
| Recurring financial income | 75 | €11 | €5 | -€6 | -56.1% |
| Financial charges | 65/66B | €9,768 | €619 | -€9,149 | -93.7% |
| Recurring financial charges | 65 | €9,768 | €619 | -€9,149 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | -€92,907 | €35,086 | +€127,993 | |
| Income taxes | 67/77 | €262 | €982 | +€720 | +275.0% |
| Profit (loss) for the period | 9904 | -€93,169 | €34,104 | +€127,273 | |
| Profit (loss) for the period to be appropriated | 9905 | -€93,169 | €34,104 | +€127,273 |
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 12 October 2026 via checked.be.