LXXXIII: what changed
LXXXIII
Largest movements
- Receivables within one year -€36,027
down €36,027 (-69.0%), from €52,188 to €16,161
of which Trade receivables: -€38,707
- Current investments +€14,195
new in 2025: €14,195
- Tangible fixed assets -€7,201
down €7,201 (-37.5%), from €19,229 to €12,027
of which Furniture and vehicles: -€4,892
- Cash +€1,344
up €1,344 (+556%), from €242 to €1,586
mainly Receivables within one year (+€36,027) and Current portion of long-term debt (+€10,194)
- Debts after one year -€14,800
down €14,800 (-83.9%), from €17,633 to €2,833
- Current portion of long-term debt +€10,194
up €10,194 (+216%), from €4,728 to €14,922
- Other debts -€8,686
down €8,686 (-100%), from €8,686 to €0
- Tax, wage and social debts -€6,488
down €6,488 (-58.3%), from €11,131 to €4,643
of which Taxes: -€4,488
- Trade debts -€6,169
down €6,169 (-52.3%), from €11,802 to €5,633
- Gross operating margin -€6,637
down €6,637 (-30.9%), from €21,507 to €14,870
- Financial charges +€6,428
up €6,428 (+720%), from €892 to €7,320
- Depreciation -€3,540
down €3,540 (-32.1%), from €11,043 to €7,502
- Taxes -€1,394
down €1,394 (-100%), from €1,394 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,643 | €49,297 | -€27,346 | -35.7% |
| Formation expenses | 20 | €437 | €192 | -€244 | -56.0% |
| Fixed assets | 21/28 | €19,229 | €12,027 | -€7,201 | -37.5% |
| Tangible fixed assets | 22/27 | €19,229 | €12,027 | -€7,201 | -37.5% |
| Plant, machinery and equipment | 23 | €6,428 | €4,119 | -€2,310 | -35.9% |
| Furniture and vehicles | 24 | €12,800 | €7,909 | -€4,892 | -38.2% |
| Current assets | 29/58 | €56,978 | €37,077 | -€19,901 | -34.9% |
| Stocks and contracts in progress | 3 | €2,925 | €2,925 | = | 0.0% |
| Stocks | 30/36 | €2,925 | €2,925 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,188 | €16,161 | -€36,027 | -69.0% |
| Trade receivables | 40 | €51,332 | €12,625 | -€38,707 | -75.4% |
| Other amounts receivable | 41 | €856 | €3,536 | +€2,680 | +313% |
| Current investments | 50/53 | - | €14,195 | +€14,195 | |
| Cash at bank and in hand | 54/58 | €242 | €1,586 | +€1,344 | +556% |
| Deferred charges and accrued income | 490/1 | €1,623 | €2,210 | +€587 | +36.2% |
| Total equity and liabilities | 10/49 | €76,643 | €49,297 | -€27,346 | -35.7% |
| Equity | 10/15 | €22,572 | €21,220 | -€1,352 | -6.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,572 | €16,220 | -€1,352 | -7.7% |
| Amounts payable | 17/49 | €54,072 | €28,077 | -€25,994 | -48.1% |
| Amounts payable after more than one year | 17 | €17,633 | €2,833 | -€14,800 | -83.9% |
| Financial debts | 170/4 | €17,633 | €2,833 | -€14,800 | -83.9% |
| Amounts payable within one year | 42/48 | €36,348 | €25,198 | -€11,150 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €4,728 | €14,922 | +€10,194 | +216% |
| Trade debts | 44 | €11,802 | €5,633 | -€6,169 | -52.3% |
| Suppliers | 440/4 | €11,802 | €5,633 | -€6,169 | -52.3% |
| Taxes, remuneration and social security | 45 | €11,131 | €4,643 | -€6,488 | -58.3% |
| Taxes | 450/3 | €9,131 | €4,643 | -€4,488 | -49.2% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €8,686 | €0 | -€8,686 | -100% |
| Accrued charges and deferred income | 492/3 | €91 | €46 | -€45 | -49.2% |
| Non-recurring operating income | 76A | €720 | €1,677 | +€957 | +133% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,043 | €7,502 | -€3,540 | -32.1% |
| Other operating charges | 640/8 | €1,208 | €1,173 | -€34 | -2.9% |
| Non-recurring operating charges | 66A | €1,582 | €331 | -€1,251 | -79.1% |
| Gross operating margin | 9900 | €21,507 | €14,870 | -€6,637 | -30.9% |
| Operating profit (loss) | 9901 | €7,674 | €5,863 | -€1,811 | -23.6% |
| Financial income | 75/76B | €3 | €105 | +€103 | +4,045% |
| Recurring financial income | 75 | €3 | €105 | +€103 | +4,045% |
| Financial charges | 65/66B | €892 | €7,320 | +€6,428 | +720% |
| Recurring financial charges | 65 | €892 | €7,320 | +€6,428 | +720% |
| Profit (loss) for the period before taxes | 9903 | €6,784 | -€1,352 | -€8,136 | |
| Income taxes | 67/77 | €1,394 | €0 | -€1,394 | -100% |
| Profit (loss) for the period | 9904 | €5,390 | -€1,352 | -€6,742 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,390 | -€1,352 | -€6,742 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.