Li binamé pourcê: 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.
Li binamé pourcê
Largest movements
- Cash -€67,861
down €67,861 (-37.2%), from €182,472 to €114,611
mainly Current portion of long-term debt (-€217,351) and Trade debts (-€1,162)
- Tangible fixed assets -€13,280
down €13,280 (-43.4%), from €30,601 to €17,321
of which Plant, machinery and equipment: -€7,493
- Receivables within one year -€8,270
down €8,270 (-57.6%), from €14,370 to €6,099
of which Trade receivables: -€5,614
- Current portion of long-term debt -€217,351
no longer reported in 2025 (was €217,351)
- Debts after one year +€82,536
new in 2025: €82,536
- Other debts +€38,711
new in 2025: €38,711
- Profit (loss) carried forward +€4,513
no longer reported in 2025 (was -€4,513)
- Gross operating margin +€6,705
up €6,705 (+20.3%), from €33,094 to €39,799
- Staff costs +€2,563
up €2,563 (+15.8%), from €16,245 to €18,808
- Other operating charges -€2,530
down €2,530 (-87.9%), from €2,880 to €350
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 | €257,400 | €166,086 | -€91,315 | -35.5% |
| Formation expenses | 20 | €1,253 | €741 | -€512 | -40.9% |
| Fixed assets | 21/28 | €30,601 | €17,321 | -€13,280 | -43.4% |
| Tangible fixed assets | 22/27 | €30,601 | €17,321 | -€13,280 | -43.4% |
| Plant, machinery and equipment | 23 | €19,614 | €12,121 | -€7,493 | -38.2% |
| Furniture and vehicles | 24 | €10,988 | €5,200 | -€5,788 | -52.7% |
| Current assets | 29/58 | €225,546 | €148,024 | -€77,522 | -34.4% |
| Stocks and contracts in progress | 3 | €27,625 | €26,405 | -€1,221 | -4.4% |
| Stocks | 30/36 | €27,625 | €26,405 | -€1,221 | -4.4% |
| Amounts receivable within one year | 40/41 | €14,370 | €6,099 | -€8,270 | -57.6% |
| Trade receivables | 40 | €9,713 | €4,099 | -€5,614 | -57.8% |
| Other amounts receivable | 41 | €4,656 | €2,000 | -€2,656 | -57.0% |
| Cash at bank and in hand | 54/58 | €182,472 | €114,611 | -€67,861 | -37.2% |
| Deferred charges and accrued income | 490/1 | €1,080 | €909 | -€171 | -15.8% |
| Total equity and liabilities | 10/49 | €257,400 | €166,086 | -€91,315 | -35.5% |
| Equity | 10/15 | €30,487 | €37,505 | +€7,018 | +23.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | - | -€25,000 | |
| Issued capital | 100 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €10,000 | €12,505 | +€2,505 | +25.0% |
| Distributable reserves | 133 | €10,000 | €12,505 | +€2,505 | +25.0% |
| Profit (loss) carried forward | 14 | -€4,513 | - | +€4,513 | |
| Amounts payable | 17/49 | €226,913 | €128,581 | -€98,333 | -43.3% |
| Amounts payable after more than one year | 17 | - | €82,536 | +€82,536 | |
| Other amounts payable | 178/9 | - | €82,536 | +€82,536 | |
| Amounts payable within one year | 42/48 | €226,820 | €46,045 | -€180,775 | -79.7% |
| Current portion of amounts payable after more than one year | 42 | €217,351 | - | -€217,351 | |
| Trade debts | 44 | €4,622 | €3,460 | -€1,162 | -25.1% |
| Suppliers | 440/4 | €4,622 | €3,460 | -€1,162 | -25.1% |
| Taxes, remuneration and social security | 45 | €4,847 | €3,874 | -€973 | -20.1% |
| Taxes | 450/3 | €3,192 | €1,426 | -€1,766 | -55.3% |
| Remuneration and social security | 454/9 | €1,655 | €2,448 | +€792 | +47.9% |
| Other amounts payable | 47/48 | - | €38,711 | +€38,711 | |
| Accrued charges and deferred income | 492/3 | €93 | - | -€93 | |
| Remuneration, social security and pensions | 62 | €16,245 | €18,808 | +€2,563 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,446 | €13,792 | +€346 | +2.6% |
| Other operating charges | 640/8 | €2,880 | €350 | -€2,530 | -87.9% |
| Gross operating margin | 9900 | €33,094 | €39,799 | +€6,705 | +20.3% |
| Operating profit (loss) | 9901 | €522 | €6,849 | +€6,326 | +1210.9% |
| Financial income | 75/76B | €522 | €377 | -€145 | -27.7% |
| Recurring financial income | 75 | €522 | €377 | -€145 | -27.7% |
| Financial charges | 65/66B | €184 | €208 | +€24 | +12.9% |
| Recurring financial charges | 65 | €184 | €208 | +€24 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €860 | €7,018 | +€6,158 | +715.9% |
| Profit (loss) for the period | 9904 | €860 | €7,018 | +€6,158 | +715.9% |
| Profit (loss) for the period to be appropriated | 9905 | €860 | €7,018 | +€6,158 | +715.9% |
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 11 October 2026 via checked.be.