LES 4 PISTES: 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.
LES 4 PISTES
Largest movements
- Receivables within one year +€32,978
up €32,978 (+791%), from €4,167 to €37,146
of which Other amounts receivable: +€36,243
- Cash -€24,317
down €24,317 (-88.5%), from €27,487 to €3,170
mainly Receivables within one year (-€32,978) and Trade debts (-€8,701)
- Tangible fixed assets -€9,042
no longer reported in 2025 (was €9,042)
of which Furniture and vehicles: -€8,349
- Stocks and contracts -€7,442
no longer reported in 2025 (was €7,442)
- Deferred charges and accrued income -€1,045
no longer reported in 2025 (was €1,045)
- Trade debts -€8,701
down €8,701 (-76.6%), from €11,353 to €2,653
- Tax, wage and social debts -€8,423
down €8,423 (-72.3%), from €11,644 to €3,222
of which Remuneration and social security: -€9,349
- Reserves +€8,398
up €8,398 (+840%), from €1,000 to €9,398
- Other debts -€6,444
no longer reported in 2025 (was €6,444)
- Provisions +€6,200
new in 2025: €6,200
- Gross operating margin -€43,403
down €43,403 (-55.1%), from €78,735 to €35,331
- Staff costs -€40,443
down €40,443 (-74.7%), from €54,145 to €13,703
- Provisions +€6,200
new in 2025: €6,200
- Depreciation -€3,884
no longer reported in 2025 (was €3,884)
- Taxes +€2,455
up €2,455 (+640%), from €384 to €2,838
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 | €49,183 | €40,315 | -€8,868 | -18.0% |
| Fixed assets | 21/28 | €9,042 | - | -€9,042 | |
| Tangible fixed assets | 22/27 | €9,042 | - | -€9,042 | |
| Plant, machinery and equipment | 23 | €693 | - | -€693 | |
| Furniture and vehicles | 24 | €8,349 | - | -€8,349 | |
| Current assets | 29/58 | €40,142 | €40,315 | +€174 | +0.4% |
| Stocks and contracts in progress | 3 | €7,442 | - | -€7,442 | |
| Stocks | 30/36 | €7,442 | - | -€7,442 | |
| Amounts receivable within one year | 40/41 | €4,167 | €37,146 | +€32,978 | +791% |
| Trade receivables | 40 | €3,989 | €724 | -€3,265 | -81.8% |
| Other amounts receivable | 41 | €179 | €36,422 | +€36,243 | +20,293% |
| Cash at bank and in hand | 54/58 | €27,487 | €3,170 | -€24,317 | -88.5% |
| Deferred charges and accrued income | 490/1 | €1,045 | - | -€1,045 | |
| Total equity and liabilities | 10/49 | €49,183 | €40,315 | -€8,868 | -18.0% |
| Equity | 10/15 | €19,742 | €28,140 | +€8,398 | +42.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,000 | €9,398 | +€8,398 | +840% |
| Distributable reserves | 133 | €1,000 | €9,398 | +€8,398 | +840% |
| Profit (loss) carried forward | 14 | €142 | €142 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €6,200 | +€6,200 | |
| Provisions for liabilities and charges | 160/5 | - | €6,200 | +€6,200 | |
| Other liabilities and charges | 164/5 | - | €6,200 | +€6,200 | |
| Amounts payable | 17/49 | €29,441 | €5,976 | -€23,466 | -79.7% |
| Amounts payable within one year | 42/48 | €29,441 | €5,874 | -€23,567 | -80.0% |
| Trade debts | 44 | €11,353 | €2,653 | -€8,701 | -76.6% |
| Suppliers | 440/4 | €11,353 | €2,653 | -€8,701 | -76.6% |
| Taxes, remuneration and social security | 45 | €11,644 | €3,222 | -€8,423 | -72.3% |
| Taxes | 450/3 | €2,296 | €3,222 | +€926 | +40.3% |
| Remuneration and social security | 454/9 | €9,349 | - | -€9,349 | |
| Other amounts payable | 47/48 | €6,444 | - | -€6,444 | |
| Accrued charges and deferred income | 492/3 | - | €101 | +€101 | |
| Non-recurring operating income | 76A | - | €30,630 | +€30,630 | |
| Remuneration, social security and pensions | 62 | €54,145 | €13,703 | -€40,443 | -74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,884 | - | -€3,884 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,200 | +€6,200 | |
| Other operating charges | 640/8 | €2,798 | €2,888 | +€90 | +3.2% |
| Non-recurring operating charges | 66A | - | €700 | +€700 | |
| Gross operating margin | 9900 | €78,735 | €35,331 | -€43,403 | -55.1% |
| Operating profit (loss) | 9901 | €17,908 | €11,841 | -€6,067 | -33.9% |
| Financial income | 75/76B | €18 | €2 | -€16 | -87.2% |
| Recurring financial income | 75 | €18 | €2 | -€16 | -87.2% |
| Financial charges | 65/66B | €1,735 | €607 | -€1,128 | -65.0% |
| Recurring financial charges | 65 | €1,735 | €607 | -€1,128 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €16,190 | €11,236 | -€4,955 | -30.6% |
| Income taxes | 67/77 | €384 | €2,838 | +€2,455 | +640% |
| Profit (loss) for the period | 9904 | €15,807 | €8,398 | -€7,409 | -46.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,807 | €8,398 | -€7,409 | -46.9% |
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 1 November 2026 via checked.be.