LOOK@U: 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.
LOOK@U
Largest movements
- Tangible fixed assets -€33,858
down €33,858 (-33.2%), from €101,966 to €68,108
- Cash +€12,087
up €12,087 (+932%), from €1,297 to €13,383
mainly Depreciation (+€34,265) and Net result for the year (+€10,603)
- Deferred charges and accrued income -€4,532
no longer reported in 2025 (was €4,532)
- Receivables within one year -€2,895
down €2,895 (-24.4%), from €11,887 to €8,992
of which Other amounts receivable: -€5,766
- Current portion of long-term debt -€13,076
down €13,076 (-54.0%), from €24,203 to €11,127
- Profit (loss) carried forward +€10,603
up €10,603, from -€8,974 to €1,629
- Debts after one year -€10,537
down €10,537 (-42.4%), from €24,837 to €14,300
- Trade debts -€7,660
down €7,660 (-28.2%), from €27,136 to €19,477
- Tax, wage and social debts -€6,092
down €6,092 (-64.2%), from €9,491 to €3,400
- Gross operating margin +€26,659
up €26,659 (+99.8%), from €26,716 to €53,375
- Depreciation +€7,539
up €7,539 (+28.2%), from €26,726 to €34,265
- Taxes +€4,080
up €4,080 (+160%), from €2,549 to €6,629
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 | €175,439 | €145,371 | -€30,067 | -17.1% |
| Fixed assets | 21/28 | €102,841 | €68,983 | -€33,858 | -32.9% |
| Tangible fixed assets | 22/27 | €101,966 | €68,108 | -€33,858 | -33.2% |
| Plant, machinery and equipment | 23 | €30,376 | €18,490 | -€11,886 | -39.1% |
| Furniture and vehicles | 24 | €27,387 | €12,363 | -€15,024 | -54.9% |
| Other tangible fixed assets | 26 | €44,203 | €37,255 | -€6,948 | -15.7% |
| Financial fixed assets | 28 | €875 | €875 | = | 0.0% |
| Current assets | 29/58 | €72,598 | €76,388 | +€3,791 | +5.2% |
| Stocks and contracts in progress | 3 | €54,882 | €54,013 | -€869 | -1.6% |
| Stocks | 30/36 | €54,882 | €54,013 | -€869 | -1.6% |
| Amounts receivable within one year | 40/41 | €11,887 | €8,992 | -€2,895 | -24.4% |
| Trade receivables | 40 | €1,482 | €4,353 | +€2,871 | +194% |
| Other amounts receivable | 41 | €10,406 | €4,639 | -€5,766 | -55.4% |
| Cash at bank and in hand | 54/58 | €1,297 | €13,383 | +€12,087 | +932% |
| Deferred charges and accrued income | 490/1 | €4,532 | - | -€4,532 | |
| Total equity and liabilities | 10/49 | €175,439 | €145,371 | -€30,067 | -17.1% |
| Equity | 10/15 | €80,400 | €91,003 | +€10,603 | +13.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,774 | €70,774 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €68,914 | €68,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,974 | €1,629 | +€10,603 | |
| Amounts payable | 17/49 | €95,039 | €54,369 | -€40,670 | -42.8% |
| Amounts payable after more than one year | 17 | €24,837 | €14,300 | -€10,537 | -42.4% |
| Financial debts | 170/4 | €24,837 | €14,300 | -€10,537 | -42.4% |
| Amounts payable within one year | 42/48 | €70,201 | €40,068 | -€30,133 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €24,203 | €11,127 | -€13,076 | -54.0% |
| Financial debts | 43 | €6,931 | €2,666 | -€4,265 | -61.5% |
| Credit institutions | 430/8 | €6,931 | €2,666 | -€4,265 | -61.5% |
| Trade debts | 44 | €27,136 | €19,477 | -€7,660 | -28.2% |
| Suppliers | 440/4 | €27,136 | €19,477 | -€7,660 | -28.2% |
| Taxes, remuneration and social security | 45 | €9,491 | €3,400 | -€6,092 | -64.2% |
| Taxes | 450/3 | €9,491 | €3,400 | -€6,092 | -64.2% |
| Other amounts payable | 47/48 | €2,439 | €3,398 | +€959 | +39.3% |
| Remuneration, social security and pensions | 62 | €321 | €90 | -€231 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,726 | €34,265 | +€7,539 | +28.2% |
| Other operating charges | 640/8 | €742 | €850 | +€108 | +14.6% |
| Gross operating margin | 9900 | €26,716 | €53,375 | +€26,659 | +99.8% |
| Operating profit (loss) | 9901 | -€1,073 | €18,171 | +€19,243 | |
| Financial income | 75/76B | €568 | €392 | -€176 | -31.0% |
| Recurring financial income | 75 | €568 | €392 | -€176 | -31.0% |
| Financial charges | 65/66B | €1,786 | €1,332 | -€455 | -25.5% |
| Recurring financial charges | 65 | €1,786 | €1,332 | -€455 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,291 | €17,232 | +€19,522 | |
| Income taxes | 67/77 | €2,549 | €6,629 | +€4,080 | +160% |
| Profit (loss) for the period | 9904 | -€4,839 | €10,603 | +€15,442 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,839 | €10,603 | +€15,442 |
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 29 October 2026 via checked.be.