Listening ears: 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.
Listening ears
Largest movements
- Receivables within one year -€6,712
down €6,712 (-32.0%), from €20,967 to €14,255
of which Trade receivables: -€6,712
- Tangible fixed assets -€4,913
down €4,913 (-18.3%), from €26,784 to €21,870
of which Furniture and vehicles: -€4,793
- Deferred charges and accrued income +€2,425
up €2,425 (+25.7%), from €9,427 to €11,852
- Other debts -€24,636
down €24,636 (-36.2%), from €67,997 to €43,361
- Profit (loss) carried forward +€17,193
up €17,193 (+24.1%), from -€71,271 to -€54,078
- Debts after one year -€4,836
down €4,836 (-29.3%), from €16,517 to €11,680
- Trade debts +€2,758
up €2,758 (+432%), from €639 to €3,397
- Tax, wage and social debts -€1,974
down €1,974 (-33.8%), from €5,838 to €3,864
- Gross operating margin +€24,147
up €24,147 (+787%), from €3,070 to €27,217
- Other operating charges -€8,137
down €8,137 (-95.2%), from €8,548 to €411
- Financial charges -€7,115
down €7,115 (-67.6%), from €10,528 to €3,413
of which Non-recurring financial charges: -€3,816
- Depreciation +€2,040
up €2,040 (+43.6%), from €4,681 to €6,721
- Financial income -€663
down €663 (-56.0%), from €1,184 to €521
of which Financial income: -€663
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 | €57,192 | €47,980 | -€9,212 | -16.1% |
| Fixed assets | 21/28 | €26,784 | €21,870 | -€4,913 | -18.3% |
| Tangible fixed assets | 22/27 | €26,784 | €21,870 | -€4,913 | -18.3% |
| Plant, machinery and equipment | 23 | €355 | €236 | -€120 | -33.7% |
| Furniture and vehicles | 24 | €26,428 | €21,635 | -€4,793 | -18.1% |
| Current assets | 29/58 | €30,408 | €26,109 | -€4,299 | -14.1% |
| Amounts receivable within one year | 40/41 | €20,967 | €14,255 | -€6,712 | -32.0% |
| Trade receivables | 40 | €17,583 | €10,871 | -€6,712 | -38.2% |
| Other amounts receivable | 41 | €3,384 | €3,384 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13 | €2 | -€12 | -86.2% |
| Deferred charges and accrued income | 490/1 | €9,427 | €11,852 | +€2,425 | +25.7% |
| Total equity and liabilities | 10/49 | €57,192 | €47,980 | -€9,212 | -16.1% |
| Equity | 10/15 | -€44,694 | -€27,501 | +€17,193 | +38.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €6,117 | €6,117 | = | 0.0% |
| Distributable reserves | 133 | €6,117 | €6,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,271 | -€54,078 | +€17,193 | +24.1% |
| Amounts payable | 17/49 | €101,886 | €75,481 | -€26,405 | -25.9% |
| Amounts payable after more than one year | 17 | €16,517 | €11,680 | -€4,836 | -29.3% |
| Financial debts | 170/4 | €16,517 | €11,680 | -€4,836 | -29.3% |
| Amounts payable within one year | 42/48 | €85,369 | €63,801 | -€21,568 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €4,518 | €4,836 | +€319 | +7.1% |
| Financial debts | 43 | €6,378 | €8,342 | +€1,964 | +30.8% |
| Credit institutions | 430/8 | €6,378 | €8,342 | +€1,964 | +30.8% |
| Trade debts | 44 | €639 | €3,397 | +€2,758 | +432% |
| Suppliers | 440/4 | €639 | €3,397 | +€2,758 | +432% |
| Taxes, remuneration and social security | 45 | €5,838 | €3,864 | -€1,974 | -33.8% |
| Taxes | 450/3 | €5,838 | €3,864 | -€1,974 | -33.8% |
| Other amounts payable | 47/48 | €67,997 | €43,361 | -€24,636 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,681 | €6,721 | +€2,040 | +43.6% |
| Other operating charges | 640/8 | €8,548 | €411 | -€8,137 | -95.2% |
| Gross operating margin | 9900 | €3,070 | €27,217 | +€24,147 | +787% |
| Operating profit (loss) | 9901 | -€10,158 | €20,085 | +€30,243 | |
| Financial income | 75/76B | €1,184 | €521 | -€663 | -56.0% |
| Recurring financial income | 75 | €1,184 | €521 | -€663 | -56.0% |
| Non-recurring financial income | 76B | €1,184 | €521 | -€663 | -56.0% |
| Financial charges | 65/66B | €10,528 | €3,413 | -€7,115 | -67.6% |
| Recurring financial charges | 65 | €6,520 | €3,221 | -€3,299 | -50.6% |
| Non-recurring financial charges | 66B | €4,008 | €192 | -€3,816 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,503 | €17,193 | +€36,695 | |
| Income taxes | 67/77 | €110 | - | -€110 | |
| Profit (loss) for the period | 9904 | -€19,613 | €17,193 | +€36,806 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,613 | €17,193 | +€36,806 |
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 26 October 2026 via checked.be.