LE XIX EME: what changed
Position among the sector peers
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You see every sector peer as a dot per ratio, with the company in two financial years and every ratio over five years against the sector.
What moved between 2024 and 2025
Largest movements
- Receivables within one year -€166,305
down €166,305 (-89.7%), from €185,465 to €19,160
of which Other amounts receivable: -€125,292
- Cash -€154,506
down €154,506 (-96.2%), from €160,579 to €6,072
mainly Net result for the year (-€271,990) and Investment in fixed assets (net) (-€73,510)
- Tangible fixed assets +€58,093
up €58,093 (+253%), from €22,959 to €81,052
of which Furniture and vehicles: +€31,469
- Profit (loss) carried forward -€271,990
down €271,990, from €268,076 to -€3,913
- Tax, wage and social debts -€36,363
down €36,363 (-55.4%), from €65,665 to €29,301
- Trade debts +€26,246
up €26,246 (+367%), from €7,158 to €33,403
- Short-term financial debts +€23,847
new in 2025: €23,847
- Other debts +€7,111
new in 2025: €7,111
- Gross operating margin -€332,234
down €332,234, from €150,933 to -€181,300
- Taxes -€27,127
down €27,127 (-98.8%), from €27,458 to €331
- Other operating charges +€9,695
up €9,695 (+16.6%), from €58,403 to €68,099
- Depreciation +€9,077
up €9,077 (+143%), from €6,340 to €15,417
- Financial income -€8,062
down €8,062 (-99.4%), from €8,107 to €45
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,529 | €116,772 | -€258,757 | -68.9% |
| Fixed assets | 21/28 | €22,977 | €81,070 | +€58,093 | +253% |
| Tangible fixed assets | 22/27 | €22,959 | €81,052 | +€58,093 | +253% |
| Plant, machinery and equipment | 23 | €587 | €18,241 | +€17,654 | +3,008% |
| Furniture and vehicles | 24 | €22,372 | €53,841 | +€31,469 | +141% |
| Other tangible fixed assets | 26 | - | €8,971 | +€8,971 | |
| Financial fixed assets | 28 | €18 | €18 | = | 0.0% |
| Current assets | 29/58 | €352,552 | €35,702 | -€316,850 | -89.9% |
| Stocks and contracts in progress | 3 | €5,702 | €8,206 | +€2,505 | +43.9% |
| Stocks | 30/36 | €5,702 | €8,206 | +€2,505 | +43.9% |
| Amounts receivable within one year | 40/41 | €185,465 | €19,160 | -€166,305 | -89.7% |
| Trade receivables | 40 | €51,923 | €10,910 | -€41,013 | -79.0% |
| Other amounts receivable | 41 | €133,542 | €8,251 | -€125,292 | -93.8% |
| Cash at bank and in hand | 54/58 | €160,579 | €6,072 | -€154,506 | -96.2% |
| Deferred charges and accrued income | 490/1 | €807 | €2,263 | +€1,456 | +180% |
| Total equity and liabilities | 10/49 | €375,529 | €116,772 | -€258,757 | -68.9% |
| Equity | 10/15 | €288,976 | €16,987 | -€271,990 | -94.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,076 | -€3,913 | -€271,990 | |
| Amounts payable | 17/49 | €86,552 | €99,785 | +€13,233 | +15.3% |
| Amounts payable within one year | 42/48 | €85,260 | €99,785 | +€14,525 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €11,448 | €5,132 | -€6,315 | -55.2% |
| Financial debts | 43 | - | €23,847 | +€23,847 | |
| Credit institutions | 430/8 | - | €23,847 | +€23,847 | |
| Trade debts | 44 | €7,158 | €33,403 | +€26,246 | +367% |
| Suppliers | 440/4 | €7,158 | €33,403 | +€26,246 | +367% |
| Advances received on contracts in progress | 46 | €990 | €990 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €65,665 | €29,301 | -€36,363 | -55.4% |
| Taxes | 450/3 | €65,665 | €29,301 | -€36,363 | -55.4% |
| Other amounts payable | 47/48 | - | €7,111 | +€7,111 | |
| Accrued charges and deferred income | 492/3 | €1,293 | - | -€1,293 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,340 | €15,417 | +€9,077 | +143% |
| Other operating charges | 640/8 | €58,403 | €68,099 | +€9,695 | +16.6% |
| Non-recurring operating charges | 66A | - | €4,833 | +€4,833 | |
| Gross operating margin | 9900 | €150,933 | -€181,300 | -€332,234 | |
| Operating profit (loss) | 9901 | €86,190 | -€269,649 | -€355,839 | |
| Financial income | 75/76B | €8,107 | €45 | -€8,062 | -99.4% |
| Recurring financial income | 75 | €8,107 | €45 | -€8,062 | -99.4% |
| Financial charges | 65/66B | €2,509 | €2,054 | -€454 | -18.1% |
| Recurring financial charges | 65 | €2,509 | €2,054 | -€454 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €91,789 | -€271,658 | -€363,447 | |
| Income taxes | 67/77 | €27,458 | €331 | -€27,127 | -98.8% |
| Profit (loss) for the period | 9904 | €64,330 | -€271,990 | -€336,320 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,330 | -€271,990 | -€336,320 |
Value
A value from the accounts assumes the company carries on.
Next steps
Calculation and sources
Source: filed annual accounts (NBB) and main activity (KBO). The movements compare the financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 11 November 2026 via checked.be.