LABEL FICTION: 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 FICTION
Largest movements
- Receivables within one year -€8,616
down €8,616 (-71.2%), from €12,104 to €3,488
of which Trade receivables: -€12,100
- Cash -€3,680
down €3,680 (-63.6%), from €5,785 to €2,105
mainly Trade debts (-€10,441) and Investment in fixed assets (net) (-€4,627)
- Tangible fixed assets +€1,830
up €1,830 (+21.9%), from €8,353 to €10,183
of which Furniture and vehicles: +€4,175
- Trade debts -€10,441
down €10,441 (-97.3%), from €10,727 to €286
- Tax, wage and social debts -€985
no longer reported in 2025 (was €985)
- Other debts +€619
up €619 (+3.7%), from €16,517 to €17,136
- Profit (loss) carried forward +€341
up €341 (+11.4%), from -€2,986 to -€2,646
- Gross operating margin +€1,495
up €1,495 (+53.8%), from €2,780 to €4,275
- Depreciation +€1,017
up €1,017 (+57.1%), from €1,780 to €2,797
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 | €26,242 | €15,776 | -€10,466 | -39.9% |
| Fixed assets | 21/28 | €8,353 | €10,183 | +€1,830 | +21.9% |
| Tangible fixed assets | 22/27 | €8,353 | €10,183 | +€1,830 | +21.9% |
| Plant, machinery and equipment | 23 | €8,353 | €6,008 | -€2,345 | -28.1% |
| Furniture and vehicles | 24 | - | €4,175 | +€4,175 | |
| Current assets | 29/58 | €17,889 | €5,593 | -€12,296 | -68.7% |
| Amounts receivable within one year | 40/41 | €12,104 | €3,488 | -€8,616 | -71.2% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €4 | €3,488 | +€3,484 | +99,550% |
| Cash at bank and in hand | 54/58 | €5,785 | €2,105 | -€3,680 | -63.6% |
| Total equity and liabilities | 10/49 | €26,242 | €15,776 | -€10,466 | -39.9% |
| Equity | 10/15 | -€1,986 | -€1,646 | +€341 | +17.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,986 | -€2,646 | +€341 | +11.4% |
| Amounts payable | 17/49 | €28,228 | €17,421 | -€10,807 | -38.3% |
| Amounts payable within one year | 42/48 | €28,228 | €17,421 | -€10,807 | -38.3% |
| Trade debts | 44 | €10,727 | €286 | -€10,441 | -97.3% |
| Suppliers | 440/4 | €10,727 | €286 | -€10,441 | -97.3% |
| Taxes, remuneration and social security | 45 | €985 | - | -€985 | |
| Taxes | 450/3 | €985 | - | -€985 | |
| Other amounts payable | 47/48 | €16,517 | €17,136 | +€619 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €2,797 | +€1,017 | +57.1% |
| Other operating charges | 640/8 | €385 | €415 | +€30 | +7.9% |
| Gross operating margin | 9900 | €2,780 | €4,275 | +€1,495 | +53.8% |
| Operating profit (loss) | 9901 | €615 | €1,063 | +€448 | +72.8% |
| Financial income | 75/76B | €12 | €4 | -€7 | -63.0% |
| Recurring financial income | 75 | €12 | €4 | -€7 | -63.0% |
| Financial charges | 65/66B | €727 | €726 | -€1 | -0.1% |
| Recurring financial charges | 65 | €727 | €726 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€100 | €341 | +€441 | |
| Profit (loss) for the period | 9904 | -€100 | €341 | +€441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100 | €341 | +€441 |
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 30 October 2026 via checked.be.