LABEL: 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.
LABEL
Largest movements
- Tangible fixed assets -€8,460
down €8,460 (-36.1%), from €23,454 to €14,994
- Intangible fixed assets -€3,740
down €3,740 (-34.3%), from €10,911 to €7,171
- Receivables within one year +€1,461
up €1,461 (+6.4%), from €23,005 to €24,467
of which Trade receivables: +€1,399
- Cash -€1,263
down €1,263 (-20.9%), from €6,037 to €4,774
mainly Other debts (-€35,616) and Receivables within one year (-€1,461)
- Other debts -€35,616
down €35,616 (-100.0%), from €35,616 to €0
- Tax, wage and social debts +€9,675
up €9,675 (+429.1%), from €2,255 to €11,930
- Profit (loss) carried forward +€7,281
up €7,281 (+11.8%), from -€61,525 to -€54,244
- Debts after one year +€4,119
new in 2025: €4,119
- Current portion of long-term debt +€2,613
new in 2025: €2,613
- Gross operating margin +€13,569
up €13,569 (+181.9%), from €7,461 to €21,029
- Other operating charges +€802
new in 2025: €802
- Financial charges +€610
up €610 (+496.9%), from €123 to €733
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 | €71,695 | €59,820 | -€11,875 | -16.6% |
| Fixed assets | 21/28 | €34,365 | €22,165 | -€12,200 | -35.5% |
| Intangible fixed assets | 21 | €10,911 | €7,171 | -€3,740 | -34.3% |
| Tangible fixed assets | 22/27 | €23,454 | €14,994 | -€8,460 | -36.1% |
| Plant, machinery and equipment | 23 | €23,454 | €14,994 | -€8,460 | -36.1% |
| Current assets | 29/58 | €37,330 | €37,655 | +€325 | +0.9% |
| Stocks and contracts in progress | 3 | €8,165 | €8,165 | = | 0.0% |
| Stocks | 30/36 | €8,165 | €8,165 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €23,005 | €24,467 | +€1,461 | +6.4% |
| Trade receivables | 40 | €18,219 | €19,618 | +€1,399 | +7.7% |
| Other amounts receivable | 41 | €4,787 | €4,849 | +€62 | +1.3% |
| Cash at bank and in hand | 54/58 | €6,037 | €4,774 | -€1,263 | -20.9% |
| Deferred charges and accrued income | 490/1 | €123 | €249 | +€127 | +102.9% |
| Total equity and liabilities | 10/49 | €71,695 | €59,820 | -€11,875 | -16.6% |
| Equity | 10/15 | €18,475 | €25,756 | +€7,281 | +39.4% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,525 | -€54,244 | +€7,281 | +11.8% |
| Amounts payable | 17/49 | €53,220 | €34,064 | -€19,156 | -36.0% |
| Amounts payable after more than one year | 17 | - | €4,119 | +€4,119 | |
| Financial debts | 170/4 | - | €4,119 | +€4,119 | |
| Amounts payable within one year | 42/48 | €53,220 | €29,945 | -€23,275 | -43.7% |
| Current portion of amounts payable after more than one year | 42 | - | €2,613 | +€2,613 | |
| Trade debts | 44 | €15,350 | €15,402 | +€52 | +0.3% |
| Suppliers | 440/4 | €15,350 | €15,402 | +€52 | +0.3% |
| Taxes, remuneration and social security | 45 | €2,255 | €11,930 | +€9,675 | +429.1% |
| Taxes | 450/3 | €2,255 | €11,930 | +€9,675 | +429.1% |
| Other amounts payable | 47/48 | €35,616 | €0 | -€35,616 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,200 | €12,200 | = | 0.0% |
| Other operating charges | 640/8 | - | €802 | +€802 | |
| Gross operating margin | 9900 | €7,461 | €21,029 | +€13,569 | +181.9% |
| Operating profit (loss) | 9901 | -€4,739 | €8,027 | +€12,766 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €123 | €733 | +€610 | +496.9% |
| Recurring financial charges | 65 | €123 | €733 | +€610 | +496.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,862 | €7,297 | +€12,159 | |
| Income taxes | 67/77 | - | €16 | +€16 | |
| Profit (loss) for the period | 9904 | -€4,862 | €7,281 | +€12,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,862 | €7,281 | +€12,143 |
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 9 October 2026 via checked.be.