KNOWLEDGE: 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.
KNOWLEDGE
Largest movements
- Tangible fixed assets +€35,296
up €35,296 (+877.1%), from €4,024 to €39,320
of which Other tangible fixed assets: +€19,289
- Receivables within one year -€3,797
down €3,797 (-66.8%), from €5,686 to €1,889
of which Other amounts receivable: -€5,450
- Cash -€2,456
down €2,456 (-11.0%), from €22,291 to €19,834
mainly Investment in fixed assets (net) (-€38,671) and Net result for the year (-€18,767)
- Stocks and contracts -€1,166
no longer reported in 2025 (was €1,166)
- Other debts +€20,437
new in 2025: €20,437
- Profit (loss) carried forward -€18,767
new in 2025: -€18,767
- Tax, wage and social debts +€15,834
up €15,834 (+207.0%), from €7,649 to €23,483
of which Remuneration and social security: +€18,000
- Current portion of long-term debt +€9,025
new in 2025: €9,025
- Debts after one year +€6,167
new in 2025: €6,167
- Gross operating margin -€24,295
down €24,295, from €10,414 to -€13,881
- Other operating charges -€4,721
down €4,721 (-90.3%), from €5,227 to €506
- Financial income -€1,606
down €1,606 (-98.3%), from €1,633 to €27
- Taxes -€1,156
down €1,156 (-81.4%), from €1,419 to €263
- Depreciation +€666
up €666 (+24.6%), from €2,709 to €3,376
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 | €35,103 | €63,050 | +€27,947 | +79.6% |
| Fixed assets | 21/28 | €4,024 | €39,320 | +€35,296 | +877.1% |
| Tangible fixed assets | 22/27 | €4,024 | €39,320 | +€35,296 | +877.1% |
| Plant, machinery and equipment | 23 | €1,889 | €573 | -€1,317 | -69.7% |
| Furniture and vehicles | 24 | €2,135 | €19,458 | +€17,323 | +811.5% |
| Other tangible fixed assets | 26 | - | €19,289 | +€19,289 | |
| Current assets | 29/58 | €31,079 | €23,730 | -€7,348 | -23.6% |
| Stocks and contracts in progress | 3 | €1,166 | - | -€1,166 | |
| Stocks | 30/36 | €1,166 | - | -€1,166 | |
| Amounts receivable within one year | 40/41 | €5,686 | €1,889 | -€3,797 | -66.8% |
| Trade receivables | 40 | - | €1,653 | +€1,653 | |
| Other amounts receivable | 41 | €5,686 | €237 | -€5,450 | -95.8% |
| Cash at bank and in hand | 54/58 | €22,291 | €19,834 | -€2,456 | -11.0% |
| Deferred charges and accrued income | 490/1 | €1,936 | €2,007 | +€70 | +3.6% |
| Total equity and liabilities | 10/49 | €35,103 | €63,050 | +€27,947 | +79.6% |
| Equity | 10/15 | €21,932 | €3,165 | -€18,767 | -85.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €3,382 | €3,382 | = | 0.0% |
| Distributable reserves | 133 | €3,382 | €3,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,767 | -€18,767 | |
| Amounts payable | 17/49 | €13,171 | €59,885 | +€46,715 | +354.7% |
| Amounts payable after more than one year | 17 | - | €6,167 | +€6,167 | |
| Financial debts | 170/4 | - | €6,167 | +€6,167 | |
| Amounts payable within one year | 42/48 | €13,111 | €53,718 | +€40,607 | +309.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,025 | +€9,025 | |
| Trade debts | 44 | €5,462 | €773 | -€4,689 | -85.8% |
| Suppliers | 440/4 | €5,462 | €773 | -€4,689 | -85.8% |
| Taxes, remuneration and social security | 45 | €7,649 | €23,483 | +€15,834 | +207.0% |
| Taxes | 450/3 | €7,649 | €5,483 | -€2,166 | -28.3% |
| Remuneration and social security | 454/9 | - | €18,000 | +€18,000 | |
| Other amounts payable | 47/48 | - | €20,437 | +€20,437 | |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Remuneration, social security and pensions | 62 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,709 | €3,376 | +€666 | +24.6% |
| Other operating charges | 640/8 | €5,227 | €506 | -€4,721 | -90.3% |
| Gross operating margin | 9900 | €10,414 | -€13,881 | -€24,295 | |
| Operating profit (loss) | 9901 | €2,478 | -€17,779 | -€20,256 | |
| Financial income | 75/76B | €1,633 | €27 | -€1,606 | -98.3% |
| Recurring financial income | 75 | €1,633 | €27 | -€1,606 | -98.3% |
| Financial charges | 65/66B | €1,164 | €752 | -€412 | -35.4% |
| Recurring financial charges | 65 | €1,164 | €752 | -€412 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €2,946 | -€18,504 | -€21,450 | |
| Income taxes | 67/77 | €1,419 | €263 | -€1,156 | -81.4% |
| Profit (loss) for the period | 9904 | €1,527 | -€18,767 | -€20,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,527 | -€18,767 | -€20,294 |
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 28 September 2026 via checked.be.