KICK UP: 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.
KICK UP
Largest movements
- Cash -€26,606
down €26,606 (-32.6%), from €81,701 to €55,094
mainly Receivables within one year (-€21,196) and Tax, wage and social debts (-€16,192)
- Receivables within one year +€21,196
up €21,196 (+30.9%), from €68,647 to €89,843
of which Trade receivables: +€21,515
- Deferred charges and accrued income -€6,812
down €6,812 (-36.9%), from €18,437 to €11,626
- Tangible fixed assets -€5,927
down €5,927 (-21.9%), from €27,125 to €21,197
- Tax, wage and social debts -€16,192
down €16,192 (-37.3%), from €43,462 to €27,270
of which Taxes: -€17,215
- Trade debts +€14,909
up €14,909 (+38.5%), from €38,749 to €53,658
- Profit (loss) carried forward -€11,361
down €11,361 (-71.1%), from €15,988 to €4,627
- Debts after one year -€5,354
down €5,354 (-74.7%), from €7,170 to €1,816
- Gross operating margin -€47,280
down €47,280 (-32.2%), from €146,912 to €99,632
- Staff costs -€20,919
down €20,919 (-18.0%), from €116,107 to €95,188
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 | €198,327 | €179,236 | -€19,090 | -9.6% |
| Fixed assets | 21/28 | €29,541 | €22,674 | -€6,868 | -23.2% |
| Intangible fixed assets | 21 | €2,417 | €1,476 | -€940 | -38.9% |
| Tangible fixed assets | 22/27 | €27,125 | €21,197 | -€5,927 | -21.9% |
| Furniture and vehicles | 24 | €27,125 | €21,197 | -€5,927 | -21.9% |
| Current assets | 29/58 | €168,785 | €156,563 | -€12,223 | -7.2% |
| Amounts receivable within one year | 40/41 | €68,647 | €89,843 | +€21,196 | +30.9% |
| Trade receivables | 40 | €63,117 | €84,631 | +€21,515 | +34.1% |
| Other amounts receivable | 41 | €5,531 | €5,212 | -€319 | -5.8% |
| Cash at bank and in hand | 54/58 | €81,701 | €55,094 | -€26,606 | -32.6% |
| Deferred charges and accrued income | 490/1 | €18,437 | €11,626 | -€6,812 | -36.9% |
| Total equity and liabilities | 10/49 | €198,327 | €179,236 | -€19,090 | -9.6% |
| Equity | 10/15 | €101,960 | €90,600 | -€11,361 | -11.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €67,373 | €67,373 | = | 0.0% |
| Distributable reserves | 133 | €67,373 | €67,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,988 | €4,627 | -€11,361 | -71.1% |
| Amounts payable | 17/49 | €96,366 | €88,637 | -€7,730 | -8.0% |
| Amounts payable after more than one year | 17 | €7,170 | €1,816 | -€5,354 | -74.7% |
| Financial debts | 170/4 | €7,170 | €1,816 | -€5,354 | -74.7% |
| Amounts payable within one year | 42/48 | €89,197 | €86,428 | -€2,768 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €5,216 | €5,354 | +€138 | +2.6% |
| Trade debts | 44 | €38,749 | €53,658 | +€14,909 | +38.5% |
| Suppliers | 440/4 | €38,749 | €53,658 | +€14,909 | +38.5% |
| Taxes, remuneration and social security | 45 | €43,462 | €27,270 | -€16,192 | -37.3% |
| Taxes | 450/3 | €23,221 | €6,006 | -€17,215 | -74.1% |
| Remuneration and social security | 454/9 | €20,241 | €21,264 | +€1,023 | +5.1% |
| Other amounts payable | 47/48 | €1,769 | €146 | -€1,623 | -91.7% |
| Accrued charges and deferred income | 492/3 | €0 | €393 | +€393 | |
| Remuneration, social security and pensions | 62 | €116,107 | €95,188 | -€20,919 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,297 | €11,175 | -€123 | -1.1% |
| Other operating charges | 640/8 | €630 | €541 | -€89 | -14.1% |
| Gross operating margin | 9900 | €146,912 | €99,632 | -€47,280 | -32.2% |
| Operating profit (loss) | 9901 | €18,878 | -€7,272 | -€26,150 | |
| Financial income | 75/76B | €66 | €47 | -€19 | -28.6% |
| Recurring financial income | 75 | €66 | €47 | -€19 | -28.6% |
| Financial charges | 65/66B | €3,568 | €3,928 | +€359 | +10.1% |
| Recurring financial charges | 65 | €3,568 | €3,928 | +€359 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €15,375 | -€11,152 | -€26,528 | |
| Income taxes | 67/77 | €600 | €208 | -€392 | -65.3% |
| Profit (loss) for the period | 9904 | €14,775 | -€11,361 | -€26,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,775 | -€11,361 | -€26,136 |
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.