Lost in Code: 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.
Lost in Code
Largest movements
- Receivables within one year -€13,521
down €13,521 (-90.0%), from €15,019 to €1,498
of which Trade receivables: -€13,189
- Cash -€2,777
down €2,777 (-76.1%), from €3,651 to €873
mainly Net result for the year (-€12,768) and Tax, wage and social debts (-€2,818)
- Profit (loss) carried forward -€12,768
down €12,768 (-52.9%), from €24,121 to €11,353
- Tax, wage and social debts -€2,818
down €2,818 (-92.8%), from €3,035 to €217
- Gross operating margin -€31,900
down €31,900, from €20,407 to -€11,493
- Depreciation -€5,954
down €5,954 (-100.0%), from €5,954 to €0
- Taxes -€3,307
down €3,307 (-93.8%), from €3,525 to €218
- Other operating charges -€245
down €245 (-19.3%), from €1,274 to €1,028
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 | €46,692 | €30,712 | -€15,979 | -34.2% |
| Fixed assets | 21/28 | €26,716 | €26,716 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,923 | €25,923 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,090 | €2,090 | = | 0.0% |
| Furniture and vehicles | 24 | €11,754 | €11,754 | = | 0.0% |
| Other tangible fixed assets | 26 | €12,080 | €12,080 | = | 0.0% |
| Financial fixed assets | 28 | €793 | €793 | = | 0.0% |
| Current assets | 29/58 | €19,976 | €3,997 | -€15,979 | -80.0% |
| Amounts receivable after more than one year | 29 | €200 | €82 | -€118 | -59.1% |
| Trade receivables | 290 | €200 | €0 | -€200 | -100.0% |
| Other amounts receivable | 291 | - | €82 | +€82 | |
| Amounts receivable within one year | 40/41 | €15,019 | €1,498 | -€13,521 | -90.0% |
| Trade receivables | 40 | €13,818 | €629 | -€13,189 | -95.4% |
| Other amounts receivable | 41 | €1,200 | €869 | -€331 | -27.6% |
| Cash at bank and in hand | 54/58 | €3,651 | €873 | -€2,777 | -76.1% |
| Deferred charges and accrued income | 490/1 | €1,106 | €1,543 | +€437 | +39.5% |
| Total equity and liabilities | 10/49 | €46,692 | €30,712 | -€15,979 | -34.2% |
| Equity | 10/15 | €26,621 | €13,853 | -€12,768 | -48.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,121 | €11,353 | -€12,768 | -52.9% |
| Amounts payable | 17/49 | €20,070 | €16,859 | -€3,211 | -16.0% |
| Amounts payable within one year | 42/48 | €20,070 | €16,859 | -€3,211 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €433 | €125 | -€308 | -71.1% |
| Trade debts | 44 | €1,770 | €1,964 | +€194 | +11.0% |
| Suppliers | 440/4 | €1,770 | €1,964 | +€194 | +11.0% |
| Taxes, remuneration and social security | 45 | €3,035 | €217 | -€2,818 | -92.8% |
| Taxes | 450/3 | €3,035 | €217 | -€2,818 | -92.8% |
| Other amounts payable | 47/48 | €14,832 | €14,553 | -€279 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,954 | €0 | -€5,954 | -100.0% |
| Other operating charges | 640/8 | €1,274 | €1,028 | -€245 | -19.3% |
| Non-recurring operating charges | 66A | €1,416 | €0 | -€1,416 | -100.0% |
| Gross operating margin | 9900 | €20,407 | -€11,493 | -€31,900 | |
| Operating profit (loss) | 9901 | €11,764 | -€12,521 | -€24,285 | |
| Financial income | 75/76B | €33 | €42 | +€9 | +28.6% |
| Recurring financial income | 75 | €33 | €42 | +€9 | +28.6% |
| Financial charges | 65/66B | €61 | €71 | +€10 | +17.1% |
| Recurring financial charges | 65 | €61 | €71 | +€10 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €11,735 | -€12,550 | -€24,286 | |
| Income taxes | 67/77 | €3,525 | €218 | -€3,307 | -93.8% |
| Profit (loss) for the period | 9904 | €8,211 | -€12,768 | -€20,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,211 | -€12,768 | -€20,979 |
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 12 October 2026 via checked.be.