LESS IS MORE STUDIO: 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.
LESS IS MORE STUDIO
Largest movements
- Cash -€8,015
down €8,015 (-41.7%), from €19,211 to €11,196
mainly Tax, wage and social debts (-€6,020) and Receivables within one year (-€5,176)
- Receivables within one year +€5,176
up €5,176 (+41.4%), from €12,516 to €17,692
of which Other amounts receivable: +€3,214
- Deferred charges and accrued income -€732
down €732 (-16.2%), from €4,508 to €3,776
- Tax, wage and social debts -€6,020
down €6,020 (-67.8%), from €8,884 to €2,864
- Trade debts +€1,890
up €1,890 (+3,384%), from €56 to €1,946
- Financial income -€6,414
down €6,414 (-99.5%), from €6,447 to €33
of which Non-recurring financial income: -€6,397
- Gross operating margin +€6,269
up €6,269, from -€3,946 to €2,323
- Taxes -€1,462
down €1,462 (-91.2%), from €1,602 to €140
- Other operating charges -€776
down €776 (-59.6%), from €1,302 to €526
- Depreciation -€273
down €273 (-17.3%), from €1,576 to €1,303
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 | €47,646 | €43,806 | -€3,840 | -8.1% |
| Fixed assets | 21/28 | €11,411 | €11,142 | -€269 | -2.4% |
| Tangible fixed assets | 22/27 | €11,411 | €11,142 | -€269 | -2.4% |
| Plant, machinery and equipment | 23 | €11,411 | €11,142 | -€269 | -2.4% |
| Current assets | 29/58 | €36,235 | €32,664 | -€3,571 | -9.9% |
| Amounts receivable within one year | 40/41 | €12,516 | €17,692 | +€5,176 | +41.4% |
| Trade receivables | 40 | €1,414 | €3,377 | +€1,962 | +139% |
| Other amounts receivable | 41 | €11,102 | €14,316 | +€3,214 | +28.9% |
| Cash at bank and in hand | 54/58 | €19,211 | €11,196 | -€8,015 | -41.7% |
| Deferred charges and accrued income | 490/1 | €4,508 | €3,776 | -€732 | -16.2% |
| Total equity and liabilities | 10/49 | €47,646 | €43,806 | -€3,840 | -8.1% |
| Equity | 10/15 | €38,706 | €38,997 | +€291 | +0.8% |
| Contributions | 10/11 | €11,500 | €11,500 | = | 0.0% |
| Reserves | 13 | €29,275 | €29,275 | = | 0.0% |
| Distributable reserves | 133 | €29,275 | €29,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,069 | -€1,778 | +€291 | +14.0% |
| Amounts payable | 17/49 | €8,940 | €4,809 | -€4,130 | -46.2% |
| Amounts payable within one year | 42/48 | €8,940 | €4,809 | -€4,130 | -46.2% |
| Trade debts | 44 | €56 | €1,946 | +€1,890 | +3,384% |
| Suppliers | 440/4 | €56 | €1,946 | +€1,890 | +3,384% |
| Taxes, remuneration and social security | 45 | €8,884 | €2,864 | -€6,020 | -67.8% |
| Taxes | 450/3 | €8,884 | €2,864 | -€6,020 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,576 | €1,303 | -€273 | -17.3% |
| Other operating charges | 640/8 | €1,302 | €526 | -€776 | -59.6% |
| Gross operating margin | 9900 | -€3,946 | €2,323 | +€6,269 | |
| Operating profit (loss) | 9901 | -€6,824 | €494 | +€7,318 | |
| Financial income | 75/76B | €6,447 | €33 | -€6,414 | -99.5% |
| Recurring financial income | 75 | €50 | €33 | -€17 | -33.5% |
| Non-recurring financial income | 76B | €6,397 | - | -€6,397 | |
| Financial charges | 65/66B | €90 | €97 | +€7 | +7.3% |
| Recurring financial charges | 65 | €90 | €97 | +€7 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | -€467 | €431 | +€898 | |
| Income taxes | 67/77 | €1,602 | €140 | -€1,462 | -91.2% |
| Profit (loss) for the period | 9904 | -€2,069 | €291 | +€2,359 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,069 | €291 | +€2,359 |
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 16 October 2026 via checked.be.