La Table Ronde: 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.
La Table Ronde
Largest movements
- Tangible fixed assets -€18,242
down €18,242 (-29.0%), from €62,842 to €44,599
- Cash -€2,028
down €2,028 (-61.1%), from €3,320 to €1,292
mainly Accrued charges and deferred income (-€4,800) and Net result for the year (-€4,522)
- Deferred charges and accrued income +€1,173
up €1,173 (+82.5%), from €1,423 to €2,596
- Accrued charges and deferred income -€4,800
down €4,800 (-80.0%), from €6,000 to €1,200
- Profit (loss) carried forward -€4,522
down €4,522 (-2.4%), from -€190,607 to -€195,129
- Trade debts -€4,506
down €4,506 (-16.2%), from €27,897 to €23,391
- Debts after one year -€4,499
down €4,499 (-3.9%), from €116,818 to €112,319
- Other debts -€2,159
down €2,159 (-2.5%), from €87,429 to €85,269
- Gross operating margin +€45,227
up €45,227 (+110%), from €41,057 to €86,284
- Staff costs +€12,655
up €12,655 (+25.1%), from €50,380 to €63,035
- Depreciation -€7,790
down €7,790 (-29.9%), from €26,032 to €18,242
- Other operating charges -€3,541
down €3,541 (-56.3%), from €6,286 to €2,745
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
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 | €73,290 | €54,019 | -€19,271 | -26.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €63,102 | €44,859 | -€18,242 | -28.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €62,842 | €44,599 | -€18,242 | -29.0% |
| Plant, machinery and equipment | 23 | €10,016 | €6,220 | -€3,797 | -37.9% |
| Furniture and vehicles | 24 | €17,756 | €14,257 | -€3,499 | -19.7% |
| Leasing and similar rights | 25 | €27,378 | €19,126 | -€8,252 | -30.1% |
| Other tangible fixed assets | 26 | €7,692 | €4,997 | -€2,694 | -35.0% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €10,188 | €9,160 | -€1,029 | -10.1% |
| Stocks and contracts in progress | 3 | €3,161 | €3,640 | +€478 | +15.1% |
| Stocks | 30/36 | €3,161 | €3,640 | +€478 | +15.1% |
| Amounts receivable within one year | 40/41 | €2,284 | €1,632 | -€652 | -28.6% |
| Trade receivables | 40 | €921 | €1,495 | +€574 | +62.3% |
| Other amounts receivable | 41 | €1,363 | €137 | -€1,226 | -90.0% |
| Cash at bank and in hand | 54/58 | €3,320 | €1,292 | -€2,028 | -61.1% |
| Deferred charges and accrued income | 490/1 | €1,423 | €2,596 | +€1,173 | +82.5% |
| Total equity and liabilities | 10/49 | €73,290 | €54,019 | -€19,271 | -26.3% |
| Equity | 10/15 | -€180,607 | -€185,129 | -€4,522 | -2.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,607 | -€195,129 | -€4,522 | -2.4% |
| Amounts payable | 17/49 | €253,897 | €239,148 | -€14,748 | -5.8% |
| Amounts payable after more than one year | 17 | €116,818 | €112,319 | -€4,499 | -3.9% |
| Financial debts | 170/4 | €116,818 | €112,319 | -€4,499 | -3.9% |
| Amounts payable within one year | 42/48 | €131,079 | €125,629 | -€5,450 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €4,167 | €4,499 | +€332 | +8.0% |
| Trade debts | 44 | €27,897 | €23,391 | -€4,506 | -16.2% |
| Suppliers | 440/4 | €27,897 | €23,391 | -€4,506 | -16.2% |
| Advances received on contracts in progress | 46 | €846 | €776 | -€70 | -8.3% |
| Taxes, remuneration and social security | 45 | €10,740 | €11,693 | +€953 | +8.9% |
| Taxes | 450/3 | €764 | €1,155 | +€392 | +51.3% |
| Remuneration and social security | 454/9 | €9,976 | €10,538 | +€562 | +5.6% |
| Other amounts payable | 47/48 | €87,429 | €85,269 | -€2,159 | -2.5% |
| Accrued charges and deferred income | 492/3 | €6,000 | €1,200 | -€4,800 | -80.0% |
| Remuneration, social security and pensions | 62 | €50,380 | €63,035 | +€12,655 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,032 | €18,242 | -€7,790 | -29.9% |
| Other operating charges | 640/8 | €6,286 | €2,745 | -€3,541 | -56.3% |
| Gross operating margin | 9900 | €41,057 | €86,284 | +€45,227 | +110% |
| Operating profit (loss) | 9901 | -€41,641 | €2,262 | +€43,903 | |
| Financial income | 75/76B | €5 | €2 | -€4 | -69.3% |
| Recurring financial income | 75 | €5 | €2 | -€4 | -69.3% |
| Financial charges | 65/66B | €5,099 | €5,716 | +€617 | +12.1% |
| Recurring financial charges | 65 | €5,099 | €5,716 | +€617 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | -€46,735 | -€3,453 | +€43,282 | +92.6% |
| Income taxes | 67/77 | €474 | €1,070 | +€595 | +126% |
| Profit (loss) for the period | 9904 | -€47,209 | -€4,522 | +€42,687 | +90.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,209 | -€4,522 | +€42,687 | +90.4% |
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 19 October 2026 via checked.be.