LET'S CHANGE: 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.
LET'S CHANGE
Largest movements
- Tangible fixed assets -€32,907
down €32,907 (-56.7%), from €57,992 to €25,085
of which Furniture and vehicles: -€29,098
- Cash -€2,110
down €2,110 (-72.3%), from €2,917 to €807
mainly Net result for the year (-€15,355) and Debts after one year (-€11,591)
- Profit (loss) carried forward -€15,355
down €15,355 (-46.5%), from -€33,042 to -€48,397
- Debts after one year -€11,591
no longer reported in 2025 (was €11,591)
- Current portion of long-term debt -€8,834
no longer reported in 2025 (was €8,834)
- Tax, wage and social debts -€1,534
down €1,534 (-99.4%), from €1,543 to €10
- Accrued charges and deferred income +€880
new in 2025: €880
- Turnover +€20,681
up €20,681 (+110%), from €18,886 to €39,567
- Purchases and services +€17,344
up €17,344 (+54.0%), from €32,112 to €49,456
- Gross operating margin +€6,591
up €6,591 (+59.1%), from -€11,150 to -€4,559
- Depreciation -€4,800
down €4,800 (-33.8%), from €14,206 to €9,406
- Other operating charges -€1,034
down €1,034 (-82.2%), from €1,257 to €224
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 | €70,882 | €34,611 | -€36,271 | -51.2% |
| Fixed assets | 21/28 | €61,061 | €27,502 | -€33,559 | -55.0% |
| Intangible fixed assets | 21 | €2,919 | €2,267 | -€652 | -22.3% |
| Tangible fixed assets | 22/27 | €57,992 | €25,085 | -€32,907 | -56.7% |
| Furniture and vehicles | 24 | €29,098 | - | -€29,098 | |
| Other tangible fixed assets | 26 | €28,894 | €25,085 | -€3,809 | -13.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €9,821 | €7,110 | -€2,712 | -27.6% |
| Amounts receivable within one year | 40/41 | €6,266 | €5,793 | -€473 | -7.6% |
| Trade receivables | 40 | €4,635 | €5,793 | +€1,158 | +25.0% |
| Other amounts receivable | 41 | €1,631 | - | -€1,631 | |
| Cash at bank and in hand | 54/58 | €2,917 | €807 | -€2,110 | -72.3% |
| Deferred charges and accrued income | 490/1 | €638 | €510 | -€128 | -20.1% |
| Total equity and liabilities | 10/49 | €70,882 | €34,611 | -€36,271 | -51.2% |
| Equity | 10/15 | €41,784 | €26,103 | -€15,681 | -37.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €71,366 | €71,366 | = | 0.0% |
| Distributable reserves | 133 | €71,366 | €71,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,042 | -€48,397 | -€15,355 | -46.5% |
| Investment grants | 15 | €1,460 | €1,134 | -€326 | -22.3% |
| Amounts payable | 17/49 | €29,098 | €8,508 | -€20,590 | -70.8% |
| Amounts payable after more than one year | 17 | €11,591 | - | -€11,591 | |
| Financial debts | 170/4 | €11,591 | - | -€11,591 | |
| Amounts payable within one year | 42/48 | €17,507 | €7,628 | -€9,879 | -56.4% |
| Current portion of amounts payable after more than one year | 42 | €8,834 | - | -€8,834 | |
| Trade debts | 44 | €3,738 | €3,412 | -€326 | -8.7% |
| Suppliers | 440/4 | €3,738 | €3,412 | -€326 | -8.7% |
| Taxes, remuneration and social security | 45 | €1,543 | €10 | -€1,534 | -99.4% |
| Taxes | 450/3 | €1,543 | €10 | -€1,534 | -99.4% |
| Other amounts payable | 47/48 | €3,392 | €4,207 | +€815 | +24.0% |
| Accrued charges and deferred income | 492/3 | - | €880 | +€880 | |
| Turnover | 70 | €18,886 | €39,567 | +€20,681 | +110% |
| Non-recurring operating income | 76A | €2,076 | €5,329 | +€3,254 | +157% |
| Goods, raw materials, services and sundry goods | 60/61 | €32,112 | €49,456 | +€17,344 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,206 | €9,406 | -€4,800 | -33.8% |
| Other operating charges | 640/8 | €1,257 | €224 | -€1,034 | -82.2% |
| Gross operating margin | 9900 | -€11,150 | -€4,559 | +€6,591 | +59.1% |
| Operating profit (loss) | 9901 | -€26,613 | -€14,188 | +€12,425 | +46.7% |
| Financial income | 75/76B | €0 | €21 | +€20 | +4,990% |
| Recurring financial income | 75 | €0 | €21 | +€20 | +4,990% |
| Financial charges | 65/66B | €1,245 | €1,036 | -€209 | -16.8% |
| Recurring financial charges | 65 | €1,245 | €1,036 | -€209 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€27,858 | -€15,204 | +€12,655 | +45.4% |
| Income taxes | 67/77 | - | €151 | +€151 | |
| Profit (loss) for the period | 9904 | -€27,858 | -€15,355 | +€12,503 | +44.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,858 | -€15,355 | +€12,503 | +44.9% |
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 13 October 2026 via checked.be.