Lie: 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.
Lie
Largest movements
- Receivables within one year -€4,082
down €4,082 (-99.3%), from €4,109 to €27
of which Trade receivables: -€3,968
- Tangible fixed assets -€3,548
down €3,548 (-3.6%), from €98,888 to €95,340
of which Land and buildings: -€4,811
- Cash +€1,337
up €1,337 (+58.4%), from €2,292 to €3,629
mainly Depreciation (+€4,948) and Receivables within one year (+€4,082)
- Other debts -€4,391
down €4,391 (-5.3%), from €83,563 to €79,172
- Current portion of long-term debt -€3,859
down €3,859 (-32.1%), from €12,039 to €8,180
- Profit (loss) carried forward +€1,680
up €1,680 (+9.1%), from -€18,503 to -€16,823
- Trade debts +€1,431
up €1,431 (+53.3%), from €2,686 to €4,116
- Depreciation -€16,168
down €16,168 (-76.6%), from €21,115 to €4,948
- Gross operating margin -€7,003
down €7,003 (-41.2%), from €17,013 to €10,010
- Other operating charges +€759
up €759 (+41.9%), from €1,812 to €2,571
- Taxes +€173
up €173 (+60.2%), from €288 to €461
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 | €105,939 | €99,906 | -€6,033 | -5.7% |
| Fixed assets | 21/28 | €98,888 | €95,340 | -€3,548 | -3.6% |
| Tangible fixed assets | 22/27 | €98,888 | €95,340 | -€3,548 | -3.6% |
| Land and buildings | 22 | €98,888 | €94,077 | -€4,811 | -4.9% |
| Plant, machinery and equipment | 23 | - | €1,263 | +€1,263 | |
| Current assets | 29/58 | €7,051 | €4,566 | -€2,485 | -35.2% |
| Amounts receivable within one year | 40/41 | €4,109 | €27 | -€4,082 | -99.3% |
| Trade receivables | 40 | €3,968 | - | -€3,968 | |
| Other amounts receivable | 41 | €142 | €27 | -€115 | -81.0% |
| Cash at bank and in hand | 54/58 | €2,292 | €3,629 | +€1,337 | +58.4% |
| Deferred charges and accrued income | 490/1 | €651 | €910 | +€259 | +39.9% |
| Total equity and liabilities | 10/49 | €105,939 | €99,906 | -€6,033 | -5.7% |
| Equity | 10/15 | €5,537 | €7,217 | +€1,680 | +30.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €17,835 | €17,835 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,714 | €3,714 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,714 | €3,714 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,621 | €9,621 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,503 | -€16,823 | +€1,680 | +9.1% |
| Amounts payable | 17/49 | €100,402 | €92,689 | -€7,713 | -7.7% |
| Amounts payable within one year | 42/48 | €100,402 | €92,689 | -€7,713 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €12,039 | €8,180 | -€3,859 | -32.1% |
| Financial debts | 43 | €911 | - | -€911 | |
| Credit institutions | 430/8 | €911 | - | -€911 | |
| Trade debts | 44 | €2,686 | €4,116 | +€1,431 | +53.3% |
| Suppliers | 440/4 | €2,686 | €4,116 | +€1,431 | +53.3% |
| Taxes, remuneration and social security | 45 | €1,204 | €1,220 | +€16 | +1.4% |
| Taxes | 450/3 | €1,204 | €1,220 | +€16 | +1.4% |
| Other amounts payable | 47/48 | €83,563 | €79,172 | -€4,391 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,115 | €4,948 | -€16,168 | -76.6% |
| Other operating charges | 640/8 | €1,812 | €2,571 | +€759 | +41.9% |
| Gross operating margin | 9900 | €17,013 | €10,010 | -€7,003 | -41.2% |
| Operating profit (loss) | 9901 | -€5,915 | €2,492 | +€8,406 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €316 | €350 | +€34 | +10.8% |
| Recurring financial charges | 65 | €316 | €350 | +€34 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,231 | €2,141 | +€8,372 | |
| Income taxes | 67/77 | €288 | €461 | +€173 | +60.2% |
| Profit (loss) for the period | 9904 | -€6,519 | €1,680 | +€8,199 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,519 | €1,680 | +€8,199 |
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 1 October 2026 via checked.be.