Letterhoofd: what changed
Two fiscal 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.
Letterhoofd
Largest movements
- Receivables within one year -€68,591
down €68,591 (-63.4%), from €108,134 to €39,543
of which Trade receivables: -€67,212
- Cash +€47,742
up €47,742 (+109.4%), from €43,649 to €91,391
mainly Receivables within one year (+€68,591) and Net result for the year (+€16,464)
- Trade debts -€19,522
down €19,522 (-47.4%), from €41,163 to €21,641
- Reserves +€16,464
up €16,464 (+21.1%), from €77,956 to €94,420
- Tax, wage and social debts -€9,491
down €9,491 (-45.1%), from €21,048 to €11,557
- Other debts -€8,300
down €8,300 (-86.3%), from €9,616 to €1,316
- Gross operating margin -€47,917
down €47,917 (-69.7%), from €68,713 to €20,796
- Taxes -€13,111
down €13,111 (-74.7%), from €17,540 to €4,429
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.
Cash bridge derived
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 | €151,783 | €130,934 | -€20,849 | -13.7% |
| Current assets | 29/58 | €151,783 | €130,934 | -€20,849 | -13.7% |
| Amounts receivable within one year | 40/41 | €108,134 | €39,543 | -€68,591 | -63.4% |
| Trade receivables | 40 | €101,184 | €33,972 | -€67,212 | -66.4% |
| Other amounts receivable | 41 | €6,950 | €5,571 | -€1,379 | -19.8% |
| Cash at bank and in hand | 54/58 | €43,649 | €91,391 | +€47,742 | +109.4% |
| Total equity and liabilities | 10/49 | €151,783 | €130,934 | -€20,849 | -13.7% |
| Equity | 10/15 | €79,956 | €96,420 | +€16,464 | +20.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €77,956 | €94,420 | +€16,464 | +21.1% |
| Distributable reserves | 133 | €77,956 | €94,420 | +€16,464 | +21.1% |
| Amounts payable | 17/49 | €71,827 | €34,514 | -€37,313 | -51.9% |
| Amounts payable within one year | 42/48 | €71,827 | €34,514 | -€37,313 | -51.9% |
| Trade debts | 44 | €41,163 | €21,641 | -€19,522 | -47.4% |
| Suppliers | 440/4 | €41,163 | €21,641 | -€19,522 | -47.4% |
| Taxes, remuneration and social security | 45 | €21,048 | €11,557 | -€9,491 | -45.1% |
| Taxes | 450/3 | €21,048 | €11,557 | -€9,491 | -45.1% |
| Other amounts payable | 47/48 | €9,616 | €1,316 | -€8,300 | -86.3% |
| Gross operating margin | 9900 | €68,713 | €20,796 | -€47,917 | -69.7% |
| Operating profit (loss) | 9901 | €68,713 | €20,796 | -€47,917 | -69.7% |
| Financial income | 75/76B | - | €268 | +€268 | |
| Recurring financial income | 75 | - | €268 | +€268 | |
| Financial charges | 65/66B | €44 | €171 | +€127 | +288.6% |
| Recurring financial charges | 65 | €44 | €171 | +€127 | +288.6% |
| Profit (loss) for the period before taxes | 9903 | €68,669 | €20,893 | -€47,776 | -69.6% |
| Income taxes | 67/77 | €17,540 | €4,429 | -€13,111 | -74.7% |
| Profit (loss) for the period | 9904 | €51,129 | €16,464 | -€34,665 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,129 | €16,464 | -€34,665 | -67.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.