LIFECYCLE: 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.
LIFECYCLE
Largest movements
- Cash +€75,768
up €75,768 (+121.7%), from €62,283 to €138,051
mainly Current investments (+€60,000) and Net result for the year (+€33,997)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Tangible fixed assets -€11,427
down €11,427 (-25.5%), from €44,737 to €33,310
of which Furniture and vehicles: -€10,509
- Receivables within one year -€6,044
down €6,044 (-19.6%), from €30,802 to €24,758
of which Trade receivables: -€6,067
- Reserves +€33,997
up €33,997 (+28.2%), from €120,434 to €154,431
- Tax, wage and social debts -€14,880
down €14,880 (-52.8%), from €28,206 to €13,326
of which Taxes: -€14,880
- Other debts -€11,396
no longer reported in 2025 (was €11,396)
- Debts after one year -€7,649
down €7,649 (-49.0%), from €15,621 to €7,972
- Gross operating margin -€1,997
down €1,997 (-3.2%), from €62,865 to €60,868
- Financial income +€730
up €730 (+500.0%), from €146 to €877
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 | €199,023 | €197,570 | -€1,453 | -0.7% |
| Fixed assets | 21/28 | €45,737 | €34,310 | -€11,427 | -25.0% |
| Tangible fixed assets | 22/27 | €44,737 | €33,310 | -€11,427 | -25.5% |
| Plant, machinery and equipment | 23 | €1,457 | €1,165 | -€292 | -20.0% |
| Furniture and vehicles | 24 | €40,713 | €30,205 | -€10,509 | -25.8% |
| Other tangible fixed assets | 26 | €2,567 | €1,941 | -€626 | -24.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €153,286 | €163,260 | +€9,974 | +6.5% |
| Amounts receivable within one year | 40/41 | €30,802 | €24,758 | -€6,044 | -19.6% |
| Trade receivables | 40 | €30,641 | €24,574 | -€6,067 | -19.8% |
| Other amounts receivable | 41 | €161 | €184 | +€23 | +14.3% |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €62,283 | €138,051 | +€75,768 | +121.7% |
| Deferred charges and accrued income | 490/1 | €201 | €451 | +€250 | +124.2% |
| Total equity and liabilities | 10/49 | €199,023 | €197,570 | -€1,453 | -0.7% |
| Equity | 10/15 | €125,434 | €159,431 | +€33,997 | +27.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €120,434 | €154,431 | +€33,997 | +28.2% |
| Distributable reserves | 133 | €120,434 | €154,431 | +€33,997 | +28.2% |
| Amounts payable | 17/49 | €73,589 | €38,139 | -€35,450 | -48.2% |
| Amounts payable after more than one year | 17 | €15,621 | €7,972 | -€7,649 | -49.0% |
| Financial debts | 170/4 | €15,621 | €7,972 | -€7,649 | -49.0% |
| Amounts payable within one year | 42/48 | €57,298 | €30,167 | -€27,131 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €7,338 | €7,649 | +€310 | +4.2% |
| Financial debts | 43 | €7,063 | €7,049 | -€14 | -0.2% |
| Credit institutions | 430/8 | €7,063 | €7,049 | -€14 | -0.2% |
| Trade debts | 44 | €3,295 | €2,144 | -€1,151 | -34.9% |
| Suppliers | 440/4 | €3,295 | €2,144 | -€1,151 | -34.9% |
| Taxes, remuneration and social security | 45 | €28,206 | €13,326 | -€14,880 | -52.8% |
| Taxes | 450/3 | €26,206 | €11,326 | -€14,880 | -56.8% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €11,396 | - | -€11,396 | |
| Accrued charges and deferred income | 492/3 | €670 | - | -€670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,075 | €11,427 | +€352 | +3.2% |
| Other operating charges | 640/8 | €766 | €517 | -€249 | -32.5% |
| Gross operating margin | 9900 | €62,865 | €60,868 | -€1,997 | -3.2% |
| Operating profit (loss) | 9901 | €51,024 | €48,924 | -€2,100 | -4.1% |
| Financial income | 75/76B | €146 | €877 | +€730 | +500.0% |
| Recurring financial income | 75 | €146 | €877 | +€730 | +500.0% |
| Financial charges | 65/66B | €1,593 | €1,314 | -€279 | -17.5% |
| Recurring financial charges | 65 | €1,593 | €1,314 | -€279 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €49,577 | €48,486 | -€1,091 | -2.2% |
| Income taxes | 67/77 | €14,486 | €14,489 | +€2 | 0.0% |
| Profit (loss) for the period | 9904 | €35,090 | €33,997 | -€1,093 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,090 | €33,997 | -€1,093 | -3.1% |
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 7 October 2026 via checked.be.